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Specialty Chemicals Market was valued at US$ 800.4 Bn in 2014 and is anticipated to reach US$ 1,201.1 Bn in 2023, expanding at a CAGR of 4.7% between 2015 and 2023
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Transparency Market Research Specialty Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 Published Date 2015-11-20 140 Page Report Request Sample Buy Now Press Release Manufacturers of Agrochemicals and Other Specialty Chemicals Moving Focus to Asia Pacific for Better Opportunities, reports TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Specialty Chemicals Market REPORT DESCRIPTION Global Specialty Chemicals Market: Snapshot The agriculture industry is under high pressure to improve quality as well as quantity of yield. One of the most common and effective methods employed by this industry is the use of agrochemicals. This forms the primary driver for specialty chemicals players across the world. The World Bank stipulated that farmers globally will have to improve their yield by at least 50% by 2050 to sustain the current rate of increase in the global population. This demand has consequently created key opportunities for producers of specialty chemicals. Browse Specialty Chemicals Market Research Report: http://www.transparencymarketresearch.com/specialty-chemicals-market.html The automotive industry is another large scale user of specialty chemicals. The currently rapid rate of growth that the global auto industry is experiencing is creating a wide array of opportunities for all the markets related to it as the end-user. This applies especially to the specialty chemicals market, as the auto industry is dependent on it for the production of materials including plastic adhesives, sealants, and paints and coatings. The strict regulatory structure imposed on the use of agrochemicals is currently the greatest restraint that specialty chemicals producers are facing, which can be changed through the use of approved non-toxic chemicals and a higher awareness of them among the players. 2 Transparency Market Research
Specialty Chemicals Market High Agrochemical Demand from APAC Attract Large Number of Specialty Chemicals Manufacturers By the end of 2023, Asia Pacific is expected to take up 54.4% of the global market value of specialty chemicals. The two most lucrative avenues for specialty chemicals players in this region have consistently remained the agriculture industry and paper and textiles. Asia Pacific is a primarily a region that contains agrarian and developing economies. Countries such as China and India depend to a large extent on agriculture for trade and exports. Their rapidly increasing population densities are causing a growing pressure on farmer to improve their yield in shorter times. The use of agrochemicals is the most common method used to achieve this, thereby creating a very large avenue of growth for its producers. Get exclusive sample of this report: http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=2246 At the same time, the paper and textile industries are also showing a positive upswing due to the increasing consumption of paper and apparel in a progressing economy with increasing disposable incomes. This provides key opportunities for specialty chemicals manufacturers from both within this region as well as the globally prominent ones. Agrochemicals Among the Top Demand Specialty Chemicals 3 Transparency Market Research
Specialty Chemicals Market By the end of 2023, 13.5% of the global specialty chemicals market value will be based in agrochemicals. The top market share, however, is taken up by a collective product segment of specialty chemicals that includes nutraceuticals ingredients, water management chemicals, cosmetic chemicals, printing inks, feed additives, catalysts, and flavors and fragrances. This collective segment is expected to show a rapid increase in demand from industries such as cosmetics and personal care, wastewater management, and food and beverages. The top producers of specialty chemicals in the world include BASF SE, The Dow Chemical Company, INEOS Group AG, E.I. du Pont de Nemours and Company, Bayer AG, Clariant AG, Chemtura Corporation, Eastman Chemical Company, Akzo Nobel N.V., Evonik Industries AG, and Syngenta AG. About Us Transparency Market 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. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use 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. 4 Transparency Market Research
Specialty Chemicals Market Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ Browse The Market Research Blog : http://cmfeglobalreports.blogspot.in/ 5 Transparency Market Research