Global Specialty Chemicals Market to Register CAGR of 6.20% from 2014 to 2020

Zion Research has published a new report titled “Specialty Chemicals (Agrochemicals, Polymers & Plastic Additives, Construction Chemicals, Electronic Chemicals, Cleaning Chemicals, Surfactants, Lubricants & Oilfield Chemicals, Specialty Coatings, Paper & Textile Chemicals, Food Additives, Adhesives & Sealants and Others) Market – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020” According to the report, global specialty chemicals market was valued at around USD 345.5 billion in 2014 and is expected to reach USD 473.7 billion in 2020, growing at a CAGR of around 5.4% between 2015 and 2020.

Specialty chemicals are also called as effect chemicals or specialties. These chemicals are manufactured either by a single chemical formulation or a combination of several chemicals whose composition significantly contributes to performance of the final product. These chemicals are categorized by their properties like low volume, relatively high value chemicals etc., and recognized for their performance-enhancing properties. Specialty chemicals are used to enhance product performance across a variety of industries, such as paints, cosmetics, electronics, automotives, and construction. For example, in a construction site, the corrosion resistance of steel can be improved by construction chemicals. These chemicals are differentiated on the basis of performance and composition; and are also used to enhance the manufacturing processes. For example, textile manufacturers use textile chemicals to enhance the softness of textiles.

Get a copy of Sample Report: https://goo.gl/1cIE5s

Specialty chemicals market is mainly driven by increasing disposable income in developing countries and simultaneously increasing demand of variety of products such as cosmetic additives, adhesives, polymers, agrochemicals etc., in which specialty chemicals are used. Rise in demand for specialty chemicals such as construction chemicals, pesticides, oilfield chemicals, mining chemicals and others is mainly due to the huge demand from growth in end-user industries such as construction, automotive, and electronics. Growing automotive industry demands for specialty chemicals which help to grow the specialty chemicals market. Additionally, the rapidly expanding market of yield-enhancing agrochemicals is also expected to surge demand for specialty chemicals in the years to come. The rising individual income of the population demands for household products, construction, cleaning products, food and textile products etc in which specialty chemicals are necessary, this factor boost the specialty chemicals market. However, manufacturers are expected to face some challenges such as stringent regulations against agrochemicals which may hamper the growth of this market.

On the basis of product type specialty chemicals market can be segmented as agrochemicals, polymers & plastic additives, construction chemicals, electronic chemicals, cleaning chemicals, surfactants, lubricants & oilfield chemicals, specialty coatings, paper & textile chemicals, food additives, adhesives & sealants and others. Agrochemical was the largest product segment in 2014. The construction chemicals segment is anticipated to exhibit strong growth during the forecast period. Construction chemicals are used in manufacturing of concrete, cement, or other construction materials to provide superior strength and development in infrastructure demand for this construction material. Electronic chemicals market are expected to show strong demand in coming days due to large used of electronic chemicals in various applications areas such as semiconductors and integrated circuits, smartphones etc.

Browse the full report at http://www.marketresearchstore.com/report/specialty-chemicals-market-z45989

Specialty chemicals market was dominated by Asia Pacific and accounted for 45% share of the total market 2014. Due to strong demand from China and India, Asia Pacific dominated the specialty chemicals market. Asia Pacific is followed by North America and Europe. Demand for specialty chemicals from Latin America and Middle East & Africa is anticipated to grow during the forecast period.

Specialty chemicals manufacturers have a significant impact on the value chain through a higher degree of forward integration. These companies manufacture raw materials as well as the final product and use it in various applications. Key players operating in this market includes Akzo Nobel N.V., BASF SE, Ashland Inc., Clariant AG, Evonik Industries, The Dow Chemical Company, Huntsman Corporation, E. I. du Pont de Nemours and Company (DuPont), Arkema S.A., Bayer AG, Chevron Philips Chemical Company, Albemarle Corporation, Chemtura Corporation, Eastman Chemical Company and Solvay.

This report segments the global specialty chemicals market as follows:

Global Specialty Chemicals Market: Product Segment Analysis

Agrochemicals
Polymers & Plastic Additives
Construction Chemicals
Electronic Chemicals
Cleaning Chemicals
Surfactants
Lubricants & Oilfield Chemicals
Specialty Coatings
Paper & Textile Chemicals
Food Additives
Adhesives & Sealants
Others
Global Specialty Chemicals Market: Regional Segment Analysis

North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

About Us

Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact US:

Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com

This release was published on openPR.