Specialty Chemicals Market Trends, Growth Analysis and Forecasts 2014 to 2021
DecisionDatabases.com adds a new report on Specialty Chemicals Market. The report “Specialty Chemicals:Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2021” analyses the complete market, industry’s growth trends, forecasts and market share.
Specialty chemicals are chemical products to which various industries are dependent for specific effects. They are used on the basis of their performance or function, rather than for their composition. They are used in variety of applications such as automobile, aerospace, food, cosmetics, textiles, agriculture, construction etc.
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The market is segmented according to product as agrochemicals, polymers and plastic additives, construction chemicals, electronic chemicals, cleaning chemicals, surfactants, lubricants & oilfield chemicals, specialty coatings, paper and textile chemicals, food additives, adhesives & sealants and others which include flavors & fragrances, catalyst, feed additives, printing inks, cosmetic chemicals, water management chemicals, nutraceutical ingredients, etc. There is an increase in demand of construction chemicals, electronic chemicals and oilfield chemicals due to the growth in end user market such as construction, automotive and electronics.
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Safety and efficiency enhancement of specialty chemical through product innovation is the major factor responsible for the growth of this market. The growth of the end user industries such as oil, electronics, automotive, mining, food, textile, etc., help to boost the market. Specialty Chemicals has a huge industrial application. The growth of application industries due to the in developing countries is expected to fuel the market. The production of bio-renewable specialty chemicals will help to boost the market as they abide by the environmental regulations. The key constraints of this market are the rising raw material cost of these chemicals which prevents manufacturers from bulk production. The environmental regulations for the production of specialty chemicals across various countries also hamper its market growth.
Best Region Of Markets :
The Asia-Pacific region is the largest market for specialty chemicals, followed by North America. The Asia-Pacific market is projected to grow during the forecast period due to the growth of end-user industries such as automotive, plastic, construction and electronics. These key companies in Specialty Chemicals Market include AkzoNobel N.V., Evonik Industries AG, Henkel Ag & Co. KGAA, Clariant AG, Huntsman International LLC, BASF SE, The Dow Chemical Company, Ashland Inc. and Albemarle Corporation.
SEGMENTATIONS IN REPORT :
A. Specialty Chemicals By Product :
2. Polymers And Plastic Additives
3. Construction Chemicals
4. Electronic Chemicals
5. Cleaning Chemicals
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