Press release
European Specialty Chemicals Market Size, Trends, Competitive Analysis, Share, Forecast to 2026
European specialty chemicals market is anticipated to exhibit a CAGR of 3.7% during the forecast period. The growing use of specialty chemicals in the end-user industries is a key factor driving the European specialty chemical market. In the automobile industry, specialty chemicals are mainly used to perform specialty coating on the vehicles. As per the European Chemical Industry Council (CEFIC), the specialty chemical held the major share of more than 27.0% in the EU chemical sales.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/european-specialty-chemicals-market
As per the International Organization of Motor Vehicle Manufacturers, around 20.8 million units of vehicles were sold in Europe in 2019. The major automotive players including Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, and Continental AG that have their headquarters in Europe. Thus, the high production of automobiles is also expected to further boost the regional demand for specialty chemicals in Europe. Germany and UK are projected to hold a significant share in the European specialty chemical market. According to the Society of Motor Manufacturing & Traders (SMMT), the automotive industry in the UK contributes approximately $22.7 billion per year to the region’s economy. The well-established automobile industry of the UK is anticipated to promote the growth of the specialty chemical market in Europe.
A Full Report of European Specialty Chemicals Market is Available at: https://www.omrglobal.com/industry-reports/european-specialty-chemicals-market
Market Coverage
Market number available for – 2019-2026-
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Product Type
Regions Covered- Europe
Competitive Landscape- SABIC, BASF SE, Bayer AG, Eastman Chemical Company, Evonik Industries AG
European Specialty Chemicals Market Report Segment
By Product Type
Agrochemicals
Cleaning Chemicals
Construction Chemicals
Electronic Chemicals
Food Additives
Adhesive & Sealants
Specialty Coatings
Surfactants
Paper & Textile Chemicals
Lubricants & Oilfield Chemicals
Polymers & Plastic Additives
Others
European Specialty Chemicals Market Report Segment
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/european-specialty-chemicals-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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