Specialty Chemicals Market Analysis Report & Opportunities, 2017 – 2024.

Specialty Chemicals Market is all set to expand vigorously both in terms of revenue and applications over the coming years.

Global Specialty Chemicals Market, which was worth more than USD 830 billion in 2015, is slated to be one of the mega avenues that investors can bet on. Chemicals are vital for the manufacturing of most industrial products, right from construction, agrochemicals, and electronics, to paints, automobiles and paper & textiles, which will undeniably augment specialty chemicals market. Companies such as BASF SE, Bayer AG, The Dow Chemical Company, INEOS Group AG and DuPont are identified as the top five specialty chemicals producers operating across the globe.

Some of the popular product categories of specialty chemicals market include food additives, fragrances, industrial gases, adhesives, agrochemicals, cleaning materials, cosmetic additives and many others. The overall specialty chemicals industry is estimated to account for a marginal 4% CAGR over the period of 2016-2024, as per a report compiled by Global Markets Insights, Inc.

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The construction industry, however is also a huge growth avenue for specialty chemicals market, with a valuation of USD 70 billion in 2015. These specialty chemicals are used for increasing the shelf life of structural components used in construction and also to provide a protective layer against the weather conditions. The globe will witness a slew of several upcoming construction projects, which are likely to stimulate the overall market size.

These chemicals are used as adhesives & sealants, paints & coatings, polymers & plastics additives to impart enhanced characteristics to the automobiles. The global surge in automobile production, especially in the emerging countries of Asia Pacific will thus impel specialty chemicals market. In addition, the growing automotive sector will prompt automakers based in America and Europe to expand their global reach, which will further stimulate the industry trends. In 2015, global personal & commercial vehicles production was around 90 million and is set to increase exponentially, which in turn will augment specialty chemicals industry share from automotive applications. India, Japan, U.S., China, and South Korea led the global automotive industry in 2015 by recording a 55% contribution toward global cars & commercial vehicles production.

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Asia Pacific specialty chemicals is projected to grow at an annual growth rate of 6.5% over the period of 2016-2024. A swift rise in construction and automotive industries in the region has propelled the demand for construction chemicals and automotive chemical compounds, which in turn has driven specialty chemicals industry to accumulate lucrative gains from the region.

The fact that renowned automakers such as Audi AG, BMW, and Mercedes Benz have planned to expand their operations across APAC can prove beneficial for the expansion of specialty chemicals market in the region.

Specialty chemicals Industry Insights Includes
3.1. Industry segmentation
3.2. Industry Size and forecast 2013 - 2024
3.3. Industry ecosystem analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing demand for yield-enhancing agrochemicals
3.4.1.2. Rising demand from automotive industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Stringent government regulations against agrochemicals
3.4.2.1. Diminishing coated paper demand in North America and Europe
3.5. Growth potential analysis
3.6. Porter's analysis
3.7. Company market share analysis, 2015
3.8. PESTEL analysis
3.9 Pricing trends

View a summary and Industry Analysis Report @ https://www.gminsights.com/industry-analysis/specialty-chemicals-market

Rise in lubricants & oilfields chemicals demand in North America, owing to growing oil exploration activities in U.S., have augmented the regional specialty chemicals market size. U.S. specialty chemicals industry generated revenue worth USD 150 billion in 2015, and is estimated to carve an exponential growth chart over the coming years.

The global specialty chemicals industry has given rise to a wide spectrum of business segments and as a consequence, there are large number of companies around the world partaking in the market share. Some of the prominent names operating in this industry include, Arkema S.A., Ashland Inc., Clariant AG, Evonik Industries AG, Solvay, Eastman Chemical Company, Huntsman CorporationSyngenta AG, Akzo Nobel N.V., Chevron Philips Chemical Company, and Chemtura Corporation.

About Global Market Insights, Inc.
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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This release was published on openPR.