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Global Specialty Chemicals Will Grow USD 296.2 Billion by 2025

03-12-2019 12:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: reportocean.com

Global specialty chemicals market industry is poised to raise USD 296.2 billion by 2025. Major driving factor for the specialty chemicals market is growth in construction industry since these chemicals and materials such as concrete admixture and fibers, cement processing additives enhances the strength, durability and appearance of structures in construction sector. According to the Fraser Institute Organization in March 2017, the federal government and several provincial governments collectively plans to spend approx. $180 billion on infrastructure in Canada. These funds are allocated particularly for Alberta and Ontario. Additionally, as per the Department of Finance (Canada), the government of Ontario is planning to spend around $160 billion on infrastructure over 12 years and Alberta government is also planning to spend $39 billion on infrastructure which includes social housing and to enhance commercial infrastructure over 5 years starting in 2017. Therefore, high government investment to promote infrastructure development in Canada is expected to grow the construction industry that is expected to augment the growth of the specialty chemicals market. As a result, the demand for specialty chemicals would increase across the globe over the forecast period of 2018-2025.

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Global Specialty chemicals market study by type (food additives, water treatment chemicals, cosmetic chemicals, textile chemicals, paper & pulp chemicals, oil-field chemicals, construction chemicals and ink additives) and Regional Forecasts 2018-2025.

Key Players:
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.

Key findings of the study:
Asia-Pacific accounted for the significant market share (more than 30%) owing to the high economic growth rate coupled with the spread of process technology.
The Asia-Pacific region is expected to emerge as a fastest growing region, registering a CARG of 5.4 % during the forecast period.

Segment by Type
Food Additives
Water treatment chemicals
Cosmetic chemicals
Textile chemicals
Paper & Pulp chemicals
Oil-field chemicals
Construction chemicals
Ink additives

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Regional Outlook:
North America
Europe
Asia Pacific
Latin America
Rest of the World

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We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment.Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization.

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