Akzo Nobel, BASF, DOW, DuPont and Lanxess Are The Top 5 Vendors In A Billion Dollar Specialty Chemicals Market

Worldwide Speciality Chemicals market to be worth more close to US$ 1 billion by 2021

The specialty chemicals market is expected to be worth a little less than US$1 billion by 2021. With market posing such a potential there are a number of companies that have started capturing a share in this market and many more expected by the end of the forecast period. As of date, Beige Market Intelligence analysts have identified Akzo Nobel, BASF, DOW, DuPont and Lanxess as the top 5 leading vendors in the Strategic Assessment of Worldwide specialty Chemicals Market – Forecast Till 2021.

The evolving landscape of the chemical industry has allowed for numerous participants to enter this market which was once dominated by the large players in the chemicals market. As of date, there are more than 5 key applications of specialty chemicals that by themselves are driving the vast portion of the specialty chemicals market. Other factors such as the consensus between federal governments across the world on reduction of carbon emissions to counter climate change is also driving the market for specialty chemicals which are being used to increase energy efficiency to reduce carbon footprint.
APAC to account for more than 40 percent of the specialty chemicals market by 2021

The APAC region as of date is the leading the specialty chemicals market and is continued to continue by the end of the forecast period. On account of cheap factors of production, progressive government policies and huge domestic consumption, the region is the hub for chemical manufacturing, as the leading chemical companies across the world set up their manufacturing locations in the region. While the developed markets in Europe and North America are unable to keep pace with the growth of emerging markets of Asia, these markets are growing both in consumption size and purchasing power. The region is expected to account for a little less than US$ 500 million by 2021 in the specialty chemicals market.
Dynamic competitive landscape in specialty chemicals market

The global specialty chemicals market is dominated by chemical majors such asAkzo Nobel, BASF, DOW, DuPont and Lanxess. These companies have an expanded portfolio of specialty chemicals with integrated distribution network and rely on their proprietary manufacturing technologies. They have manufacturing facilities located across the world and operate capacities through strategic partnerships and joint ventures. New capacities are being setup by them to ensure proximity and easy access to the fast growing markets of China, India, and other Southeast Asian countries.

The global specialty chemicals market is fragmented in nature because of the presence of a number of players. The factors play that major role in defining the competitive structure of this market are proprietorship over technology, economies of scale, R&D capabilities and level of vertical integration. R&D plays an important role as it enables a vendor to identify new applications for the product and gain first mover advantage. Production technology is an avenue that attracts intense R&D expenditure by major vendors as proprietorship over technology can turn out to be a promising revenue earning tool.

The report by Beige Market Intelligence has more than 130 pages of insights on the changing dynamics of the specialty chemicals market.

Worldwide specialty Chemicals market research report covers the present scenario and the growth prospects of the worldwide specialty chemicals market for the period 2015-2021. The report provides in-depth analysis of market size and growth of worldwide specialty chemicals market. This market research report includes a detailed market segmentation of the worldwide specialty chemicals Market by the following segmentation types

By application

Paints and Coatings
Polymers and Plastic Additives
Agrochemicals
Food Additives
Homecare Surfactants
Water Management Chemicals
Leather and Textile Chemicals
Construction Chemicals
Lubricant and Fuel Additives
Pulp and Paper Chemicals
Geographic segmentation

APAC
Europe
Latin America
Middle East and Africa
North America
Market share analysis

APAC (Degree of competition and fragmentation of vendors in the region)
Europe (Degree of competition and fragmentation of vendors in the region)
Latin America (Degree of competition and fragmentation of vendors in the region)
MEA (Degree of competition and fragmentation of vendors in the region)
North America (Degree of competition and fragmentation of vendors in the region)

Why should you buy this market research report?

Specialty chemicals are those specific chemicals that are used for a single or a very limited number of applications. Commodity chemicals on the other hand can be used for a variety of applications and hence, when the commodity chemicals are manufactured in large volumes, there is no problem as there is always a market for these chemicals. The situation today however is very much different. There are a number of companies today that are targeting the specialty chemicals potential and this is possible because of the various factors that have contributed to this growth.
The study will tell the reader how the market has been performing over the last few years and how it is expected to perform over the next five years. Detailed analysis of the performance of the market is provided thereby providing the reader with key insights into what is taking place and how the market is being affected, both positively and adversely. Further to this, the specialty chemicals market is one where companies need to be aware of high potential applications in order to tap them today.
In short, the study will provide a holistic view of the specialty chemicals market, which are the companies that are involved in the production and what are the factors that contribute to this market. The report will also provide information on what are some of the trends that have started to surface and are expected to be a strong driving force in the market over the next five years.

Beige Market Intelligence: We are a new-age provider of competitive business intelligence, working across various industry verticals. Our expertise and knowledge ensures that the market analysis Beige provides is comprehensive, detailed and complete. The analysis helps our client organizations become aware and make educated decisions, as far as investing or devising a marketing strategy is concerned. The actionable insights delivered through our market research provide a comprehensive market analysis for every level of market segmentation in an industry. Beige Market Intelligence is a quality driven high end Market Research organization. Our team of experts ensure the analysis you receive is not just analyzed and smartly presented, but is completely customized based on the client’s requirement. Our deliverables guarantee our current global client base does not look beyond Beige when it comes to any kind of industry and market analysis.

Khyama
Beige Market Intelligence
Email: khyama@beigemarketintelligence.com/media@beigemarketintelligence.com
phone: 9986433385
address: Chinnapannahali, Doddanekundi Main road, Bangalore-560037

This release was published on openPR.