openPR Logo
Press release

Specialty Chemicals Market is predicted to touch $233.5 Billion by 2020 : AMR Study

04-10-2019 01:44 PM CET | Health & Medicine

Press release from: Allied Market Research

Specialty Chemicals Market

Specialty Chemicals Market

Specialty chemicals are manufactured for specific performance and functions in different end use industries.

In 2014, construction chemicals and food additives segment collectively accounted for about half of the market share and is expected to maintain this trend during the forecast period. In 2014, the Asia-Pacific region contributed around 35% share of the specialty chemical market.

Specialty Chemicals Market Report, published by Allied Market Research, forecasts that the global market is expected to generate $233.5 billion by 2020.

Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/447?utm_source=opr_sank

The Specialty Chemicals Market is segmented based on type and geography. The global specialty chemicals market has been analyzed on the basis of type, which includes food additives, cosmetic chemicals, water treatment chemicals, textile chemicals, construction chemicals, paper & pulp chemicals, oil field chemicals, and ink additives. In 2014, the construction chemicals segment garnered the highest share of 22.3% in the global market. Increasing urbanization in emerging economies is driving public infrastructure and housing projects; this in turn has increased the consumption of specialty construction chemicals such as protective coatings, adhesives and sealants, concrete admixtures, and asphalt additives. The construction chemicals industry is booming in emerging economies such as Asia-Pacific, the Middle East, Africa, Central and South America. In 2014, food additives, cosmetic chemicals, and paper & pulp chemicals collectively accounted for around half of the global specialty chemicals consumption. Ink additives is projected to be the fastest growing segment, registering a CAGR of 5.8% during the forecast period.

In 2014, food additives, cosmetic chemical, and paper & pulp chemicals collectively accounted for around half of the global specialty chemicals consumption. Water treatment chemical is projected to be one of the fastest growing segment, registering a CAGR of 5.6% during the forecast period. Stringent government regulations for proper utilization of water compels industries and municipal corporations to adopt water treatment solutions, which in turn is fueling the demand for water treatment chemicals.

Based on geography, the global specialty chemicals market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Historically, developed regions such as North America, Europe, and Japan were the major consumers of specialty chemicals. However, now the trend is shifted and in 2014, the Asia-Pacific region dominated the market, accounting for almost 35% of the global market share and would consolidate its position throughout the forecast period. Asia-Pacific is also the fastest growing specialty chemicals market in the global, registering a CAGR of 5.4% during the forecast period (2015-2020).

The demand for specialty chemicals in the Asia-Pacific market is primarily attributed by the rapid industrialization in India, China, Japan, South Korea, and Taiwan. Rapid industrialization in the Asia-Pacific region is supplemented by trade liberalization, the spread of process technology, low labor cost, and high economic growth. In 2014, North America and Europe together accounted for more than half of the market share in the global specialty chemicals market.

The global specialty chemicals market generated a revenue of $175,377.2 million in 2014 and is projected to garner $233,570.1 million by 2020, registering a CAGR of 4.9% during the analysis period.

Top Winning Strategies

Top market players in global specialty chemicals market are adopting acquisitions, agreements, expansions, partnerships, product launches, and divestitures as their key business strategy to sustain in the competitive market. The data of market players and their strategic moves are gathered through the press release of respective companies, various blogs, which is limited to the available information on the website and primary calls to the experts in the industry. Strategic moves that are tracked from the recent developments of the key companies in this industry include:

Key Findings of Specialty Chemicals Market

• In 2014, food flavors segment dominated the food additives market, accounting for one-thirds share of the overall market revenue.
• Asia-Pacific region was the largest consumer of cosmetic chemicals, accounting for about 39% share of the market in 2014.
• Coagulants & flocculants and biocides & disinfectants segments jointly accounted for more than half of the water treatment chemicals market revenue in 2014.
• Presently, Asia-Pacific region is the leading consumer of construction chemicals, accounting for more than 50% share of the market and is expected to maintain its dominance during the forecast period.
• Asphalt additives is one of the lucrative segments in the construction chemicals market and is projected to grow at CAGR of 7.5% during the forecast period.

In 2014, the Asia-Pacific region accounted for about one-thirds share of the gloabl specialty chemicals market and is expected to grow at the highest CAGR of 5.4% during the forecast period. The is primarily attributed to the increasing demand for specialty chemicals in construction, personal care, water treatment, pulp & paper, and ink additives market. North America and Europe collectively accounted for more than 50% share of the global specialty chemical market in 2014, with oil field chemicals and food additives as major revenue-generating segments.

The prominent players profiled in this report include BASF SE, The Dow Chemical Co., Bayer AG, AkzoNobel N.V., Huntsman Corporation, Chemtura Corporation, Rhodia S.A., Clariant AG, Evonik Industries AG, and Novozymes A/S.

Flat 20% Discount on All License Type.. https://www.alliedmarketresearch.com/checkout/316599
*Offer Valid Till 20th April 2019

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Specialty Chemicals Market is predicted to touch $233.5 Billion by 2020 : AMR Study here

News-ID: 1697630 • Views: 192

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Specialty

Global Specialty Resins Market
Global Specialty Resins Market – Industry Analysis and Forecast (2018-2026) – by Resin Type, End User, and Region. Global Specialty Resins Market was valued at US$ 7.45 Bn in 2017 and is expected to reach US$ 11.34 Bn by 2026, at a CAGR of 5.4 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Specialty CRO's Market - Regional Insights
On the basis of geography, global specialty CROs market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to dominate the market over the forecast period, owing to the fact that pharmaceutical and biotech companies in this region spends significant amount on research and development, in order to bring novel therapies to the market. Click To Continue Reading; https://www.coherentmarketinsights.com/ongoing-insight/specialty-cros-market-1627 As per the estimation
Specialty Surfactants Market
Latest Developments Growing personal care industry in emerging economies and increasing purchasing power of middle class are fuelling the growth of the specialty surfactants market. While stringent environmental regulations regarding the manufacturing of specialty surfactants are hindering the growth of this market. Market Insights Anionic surfactants is poised to account for the largest market share in 2016 and owing to the increased use of green surfactants amphoteric surfactants have registered the highest CAGR.
Specialty Fats Market 2017-2021
The latest industry research report on  Specialty Fats by MRC provides a thorough analysis of the global  Specialty Fats market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the  Specialty Fats industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative
Specialty Endoscopic Surgery Devices Market
ReportsWorldwide has announced the addition of a new report title Specialty Endoscopic Surgery Devices Market to its growing collection of premium market research reports. The global market for specialty endoscopic surgery products totaled approximately $5.8bn in 2016, with the US comprising 48.2% of sales (or $2.8bn). Over the forecast period covered by this report, the global market for specialty endoscopic surgery products is forecast to grow at a 4.6% CAGR, reaching $7.8bn
Global Specialty Adhesives Market
The global specialty adhesives market was valued at USD XX million in 2016 and is projected to register an estimated CAGR of XX%, during 2017-2022 (the forecast period). The demand for specialty adhesives is driven by the growth in demand for specialty adhesives from automotive and medical sectors. Specialty adhesives used as bonds across various industries having their main uses in the automotive sector, hospitals, and construction activities. However, factors such