Specialty Chemicals Industry Overview
The global specialty chemicals market size is expected to reach USD 824.1 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Higher performance achieved by the application of specialty chemicals when compared to their conventional counterparts is expected to be one of the prime market growth factors. According to the European Chemical Industry Council (Cefic), specialty chemicals accounted for more than 25.0% of the total production in the EU region in FY 2018. Increasing disposable income, growing awareness, healthcare spending, construction spending, infrastructural development, and population growth are factors likely to increase the product sales across end-use industries such as construction, personal care, and cosmetics, pharmaceutical and nutraceuticals, food, automotive, and electronics. It is further expected to be accelerated by the growing consumer demand for energy that has driven the product consumption in oil and gas end-use. Specialty Chemicals Market Segmentation Grand View Research has segmented the global specialty chemicals market report on the basis of product and region: Based on the Product Insights, the market is segmented into specialty polymers, institutional & industrial cleaners, electronic chemicals, rubber processing chemicals, flavors & fragrances, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, mining chemicals, pharmaceutical & nutraceutical additives, plastic additives, printing inks, case, specialty pulp & paper chemicals, specialty textile chemicals, catalysts, water treatment chemicals, corrosion inhibitors, flame retardants and others
Specialty Chemicals Regional Outlook
Key Companies Profile & Market Share Insights Positioning in high-growth countries such as China, strategic alliances, intensive R&D for sustainable, efficient product development, and adoption of new technologies are some of the prominent operational strategies among the market participants. Further, R&D for bio-based specialty chemicals has gained significant momentum over the past few years owing to changing end-user perceptions and favoring regulatory mandates. Some of the prominent players in the specialty chemicals market include:
Order a free sample PDF of the Specialty Chemicals Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: https://www.grandviewresearch.com Follow Us: LinkedIn | Twitter
0 Comments
Leave a Reply. |
Archives
October 2022
Categories |