Phosphotungstic Acid Market Share

Regionally, the global phosphotungstic acid market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2031. This growth is owing to the demand for phosphotungstic acid inthe fast-developing industries such as pharmaceuticals, research and development, textile, and cosmetics in the region. The Chinese pharmaceutical industry is growing at a rapid pace owing to the increasing investments in research and development. In 2019, China spent over USD 140 billion in pharmaceutical-related research and development, as per research.