Press release
What's driving the Specialty Chemicals Market Trends? Bayer, Syngenta, Albemarle Corporation, Eastman Chemical Company, Solvay, INEOS, AkzoNobel, BASF, Ashland, Clariant, Evonik, The Dow Chemical Company, Huntsman Corporation, DuPont, Arkema
Specialty Chemicals Market
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Growth drivers
1. Increasing demand for yield-enhancing agrochemicals
2. Rising demand from automotive industry
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.
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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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.
Specialty Chemicals Market By Product
1. Agrochemicals
2. Polymers & Plastic Additives
3. Construction Chemicals
4. Electronic Chemicals
5. Cleaning Chemicals
6. Surfactants
7. Lubricants & Oilfield Chemicals
8. Specialty Coatings
9. Paper & Textile Chemicals
10. Food Additives
11. 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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Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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