June 09, 2006
Chemical Synthesis Outsourcing in China
Chemical synthesis services have become an important part of outsourcing business in China. This service area has developed rapidly compared to other areas of R&D outsourcing. This is largely due to the relative ease of quality control and the quantifiable cost advantages. China's companies and institutes are well known for technical skill in organic synthesis. Insiders estimate that the chemical outsourcing market will reach more than USD 2.5 billion by 2007. Genetic Engineering News has published an article on the Same Topic.
The relative maturity of this industry is evidenced by the focused and professional service providers, large market size, and the higher number of companies compared to biotech-related companies.
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