in-PharmaTechnologist reported today that the API market in China fell 3% in 2009 to $31 billion. This was attributed to falling demand in the West with down economy and some shying away from China market due to a number of celebrated quality issues. Despite 2009 results, analysts are predicting growth of 5-8% in 2010, and have long term outlook for 15% growth through 2015. The market will reach $65 billion at that time.
Posted by Bruce Lehr Feb 22, 2010