The China API market was valued at $7,468.6 Million in 2025, and is projected to reach $13,370.4 Million by 2032 growing at a CAGR of 8.71% from 2026 to 2032. Captive API manufacturers segment is expected to be the highest contributor to this market, with $4,420.9 Million in 2025, and is anticipated to reach $7,586.8 Million by 2032, registering a CAGR of 8.06%. Merchant API manufacturers segment is anticipated to reach $5,783.6 Million by 2032 with the highest CAGR of 9.62%.
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