specialty chemicals Market Projected to Grow At a high CAGR 4.90 % over the forecast period 2019-2025

According to this report, the Global specialty chemicals market to reach USD 296.2 billion by 2025.Global specialty chemicals market valued approximately USD 202.3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.90 % over the forecast period 2018-2025.

Rising awareness regarding environmental concerns along with the growing need for eco-friendly materials and chemicals are some factors considered as major trend for the specialty chemical market across the globe over the forecast period. Moreover, growing use of specialty Chemicals in various end-user industries is expected to create lucrative growth opportunities for the market during the forecast period.

The rise of the market is backed owing to the growth in manufacturing sector coupled with the rising applications in various end-user industries. According to UNIDO estimation, based on the current scenario, global manufacturing output is anticipated to grow by 4.2% in Q2 2017 as compared to 1.1% in Q2 2016. Manufacturing output in developing & emerging economies (at 6% 2017) continues to remain strong and fare better than that of industrial economies (at 2.7%) for Q2 2017.

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As specialty chemicals are used in manufacturing sector to offer special polymers and chemicals with the capability to improve performance. Thus, growth in manufacturing sector would supplement the growth of the specialty chemicals market. As a result, the demand and adoption of specialty chemicals would increase in manufacturing sector thereby, supplementing the market growth over the forecast period. Furthermore, the ongoing research and development activities offers lucrative growth prospects to the market during the forecast period. However, fluctuating cost of raw materials is expected to hinder the growth of the market across the globe.

Major Players Cited in the Report
• Akzo Nobel N.V
• Solvay SA
• BASF SE
• W.R. Grace & Co.
• DowDuPont
• Wacker Chemie AG
• Huntsman Corporation
• Clariant AG
• Eastman Chemical Company
• Mitsui Chemicals Inc.

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On the basis of segmentation, the Specialty Chemicals market is segmented into type. The type segment of global Specialty Chemicals market is classified into food additives, water treatment chemicals, cosmetic chemicals, textile chemicals, paper & pulp chemicals, oil-field chemicals, construction chemicals and ink additives of which construction chemicals is estimated to hold the largest share in terms of revenue owing to the increasing investment on public infrastructure and housing projects along with rising urbanization which would increase the consumption of specialty chemicals such as adhesives, concrete, protective coating and asphalt additives. Moreover,

ink additive is anticipated to be the fastest growing segment accounting for a CAGR of 5.8% over the forecast period.

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Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Specialty Chemicals Market in Market Study:

• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

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