Global Specialty Chemicals Market Industry Size Share Analysis Report 2024 | AkzoNobel, BASF, Ashland, Clariant, Evonik, The Dow Chemical Company, Huntsman Corporation, DuPont, Arkema, Bayer, Syngenta, Albemarle Corporation, Eastman Chemical Company, Solv

specialty chemicals market having had a share of USD 830 billion in 2015, is estimated to reach USD 1273 billion by 2024. Chemical industry has become a crucial name in the global business space, being regarded as the key enabler for other sectors. Chemicals have occupied their significant share in probably all the other industries of the world, right from the electronics to the paint, automotive, food & beverages, etc. With this gigantic presence, specialty chemicals market is all set to expand vigorously both in terms of revenue and applications over the coming years.

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The global population, which is estimated to grow rapidly touching a 9 billion mark by 2040 is a major factor driving the specialty chemical industry. Possibly, all the industries of the world are witnessing a supply/demand imbalance due to this population growth, the food industry being in the topmost concerned space. The food security concerns can be realized looking at the population vs arable land growth rate during 2015. Where on one hand, the population witnessed a 5% increase, on the other side the arable land witnessed a growth of 3.5%, which clearly indicates the agricultural food scarcity the world may witness. This imbalance is making the farmers adopt Agrochemicals on a large scale, thus boosting specialty chemicals industry size.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. AkzoNobel
2. BASF
3. Ashland
4. Clariant
5. Evonik
6. The Dow Chemical Company
7. Huntsman Corporation
8. DuPont
9. Arkema
10. Bayer
11. Syngenta
12. Albemarle Corporation
13. Chaitra Corporation
14. Eastman Chemical Company
15. Solvay
16. INEOS

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Global specialty chemicals market size is set to exceed USD 1,200 billion by 2024, with projected gains at over 4.5% CAGR.

In 2015, construction chemicals market size generated revenue more than USD 70 billion. These chemicals are extensively used to increase the shell life of the building and upgrade the functional and aesthetic requirements of the structure. Upcoming construction projects for residential and commercial structures will drive growth.

Electronic chemicals market size is projected to witness gains more than 4.5% CAGR. These find widespread applications in electronic apparatuses including integrated circuits and semiconductors. Additionally, increasing smartphone customer base will favor growth.

These products are used in food to improve the nutrient content and texture laterally keeping the food fresh. Upgrading consumer lifestyle accompanied with increasing disposable income is analyzed to be the key factor propelling food additives specialty chemicals market size.

Specialty Chemicals Markey By Product
• Agrochemicals
• Polymers & Plastic Additives
• Construction Chemicals
• Electronic Chemicals
• Cleaning Chemicals
• Surfactants
• Lubricants & Oilfield Chemicals
• Specialty Coatings
• Paper & Textile Chemicals
• Food Additives
• Adhesives & Sealants

Browse key industry insights spread across 110 pages with 74 market data tables & 14 figures & charts from the report, “Specialty Chemicals Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/specialty-chemicals-market

In 2015, U.S. generated revenues of over USD 150 billion in specialty chemicals sales, mainly accounted for by the growing oil & gas sector.

In 2015 Asia Pacific, led by China, Japan, and India, dominated the global specialty chemicals market revenue. The growth was mainly attributed to growing construction and automotive industry.

In 2015, specialty chemicals company revenue shares were fragmented. Major industry share contributor includes Dow Chemical, BASF, Bayer, INEOS Group and DuPont. Other prominent participants are Ashland, Clariant, Syngenta, Huntsman, Arkema, Evonik Industries, Akzo Nobel, Albemarle, Chemtura, Eastman Chemical, and Solvay.

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