What's driving the Specialty Chemicals Market trends? Clariant AG, DuPont, Bayer AG, Akzo Nobel N.V., BASF SE, Ashland Inc., Evonik Industries, The Dow Chemical Company, Huntsman Corporation, Arkema S.A., Bayer AG, Chevron Philips Chemical Company, Syngen

A collective analysis on ‘Specialty Chemicals market’ by Global Market Insights, Inc, offers an exhaustive study based on current trends influencing this vertical throughout assorted geographies. Key information regarding market size, market share, statistics, application, and revenue are compiled in the research to develop an ensemble prediction. In addition, this research offers a detailed competitive analysis focusing on business outlook emphasizing expansion strategies accepted by market majors.

Specialty Chemicals Market size is set to touch USD 1,273 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.

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Global specialty chemicals market share is majorly driven by increasing population along with rapid industrialization resulting in decreased arable land. Global population is likely to reach 9 billion by 2040 this will consequently propel food demand up to the same period. Significant increase in yield is possible through agrochemicals use such as fungicides. Governments across the globe are promoting agrochemicals use to secure food supply to meet the increasing food demand owing to drive industry growth.

Robust growth in end user industries including construction and automotive will boost the global specialty chemicals market size by 2024. These compounds are used in adhesives and paints &coatings, which are widely used in automotive as well as construction industry. In 2015, global vehicles production, including commercial &personal, was approximately 90 million units. Furthermore, increasing consumer demand for lubricants to reduce frictional forces in the vehicles will enhance growth.

Specialty chemicals are mainly synthetic and have harmful environmental effects, which effects the biodiversity. Therefore, stringent environmental legislations are formulated and directed for the product application, due to its toxicity. This may restraint the industry size in the near future. In addition, increasing consumer awareness towards digital media, such as Twitter, Facebook, and YouTube may hinder paper &textile specialty chemicals market size. However, growing construction industry, particularly in China, India, Japan and Brazil, will propel industry share in the coming years.

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.
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.

Specialty chemicals market research report includes in-depth coverage of the industry, with estimates &forecast in terms of revenue in USD billion from 2013 to 2024, for the following segments:

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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
Others

Report Content
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Specialty chemicals Industry Insights
Chapter 4. Specialty chemicals Industry Product Insights
Chapter 5. Specialty chemicals Industry Regional Insights
Chapter 6. Company Profiles
6.1. Akzo Nobel N.V.
6.2. BASF SE
6.3. Ashland Inc.
6.4. Clariant AG
6.5. Evonik Industries
6.6. The Dow Chemical Company
6.7. Huntsman Corporation
6.8. DuPont
6.9. Arkema S.A.
6.10. Bayer AG
6.11. Chevron Philips Chemical Company
6.12. Syngenta AG
6.14. Chaitra Corporation
6.15. Eastman Chemical Company
6.16. Solvay
6.17. INEOS Group AG

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