Global Specialty Chemicals Market
The global Specialty Chemicals market was valued at USD 382.3 billion in 2016 and is projected to reach USD 608.4 billion by 2025, growing at a CAGR of 5.3% from 2017 to 2025.
Specialty chemicals have been one of the most attractive product segments in the chemical industry. The demand for these chemicals is highly dependent on the growth of end-use industries. Owing to the specificity of the application the demand for these products is expected to grow rapidly over the forecast period.
1. Market Drivers
1.1 Growing demand from Asia Pacific
1.2 Growth in end-use industries
2. Market Restraints
2.1 Volatile raw material prices
2.2 Stringent government regulations
The global Specialty Chemicals market is segmented on the type, application and region.
1. By Type:
1.1 Specialty Mining Chemicals
1.3 Water Treatment Chemicals
1.4 Electronic Chemicals
1.5 Specialty Paper Chemicals
1.7 Rubber Processing Chemicals
1.8 Advanced Ceramic Materials
1.9 Plastic Additives
1.10 Construction Chemicals
1.11 Specialty Oilfield Chemicals
1.12 Textile Chemicals
1.13 Food Additives
1.14 Printing Inks
1.15 Specialty Polymers
2. By Application:
2.4 Specialty Membranes
2.5 Specialty Enzymes
2.6 Specialty Coatings
2.9 Specialty Pigments
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
2. Cytec Industries
3. BASF SE
4. Albemarle Corporation
6. PPG Industries
7. Chemtura Corporation
8. Bayer AG
10. DOW Chemical Company
11. Akzonobel NV
13. Ferro Corporation
15. Henkel AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Specialty Chemicals market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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