NEW YORK, May 26, 2016 /PRNewswire/ --
According to market research "Global Specialty Chemicals Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Agrochemicals, Construction Chemicals, Electronic Chemicals, Cleaning Chemicals, Specialty Coatings, Surfactants, Polymer Additives, Plastic Additives, Lubricants and Oilfield Chemicals, Paper and Textile Coatings, Food Additives, Adhesives and Sealants, Others)" by P&S Market Research, the global specialty chemicals market was valued at $828.9 billion in 2015, and it is expected to grow at a CAGR of 5.0% during 2016 - 2022.
The factors driving the growth of the global market include large base of end-use industries, high demand from Asia-Pacific, increasing demand from automotive industry, and technological advancements in the global specialty chemicals market. The growth of the global specialty chemicals market is largely driven by high demand for specialty chemicals agriculture and construction industries. The growing construction activities in Asia-Pacific and development of environment friendly products offer ample revenue generation opportunities to the manufacturers of specialty chemicals.
Explore Full Report at: https://www.psmarketresearch.com/market-analysis/specialty-chemicals-market
Among the various types of specialty chemicals, the agrochemicals segment held the largest share (15.9%) with the market size of $131.4 billion in 2015 in the global specialty chemicals market. The construction chemicals segment is anticipated to witness the highest growth at a CAGR of 6.8% during the forecast period. The construction chemicals segment in the global specialty chemicals market was valued at $79.3 billion in 2015, and it is anticipated to reach $125.6 billion by 2022. The high growth in the construction chemicals segment is attributed to the increasing construction activities in Asia-Pacific, and increasing focus on buildings renovation in developed economies and government initiatives for green buildings.
In 2015, Asia-Pacific held the largest share (39.7%) in the global specialty chemicals market with a market size of $340.4 billion. The specialty chemicals market in the region is anticipated to witness the highest growth at a CAGR of 7.2% during the forecast period. The major reasons behind the growth of the specialty chemicals market in the region include increasing infrastructure investment, and high demand in major end markets, such as construction, automotive, agriculture, packaging, textiles, and personal care. In addition, the high demand for specialty chemicals in China and India are creating ample growth opportunities for the Asia-Pacific specialty chemicals market. The specialty chemicals market in India and China are expected to grow at a CAGR of 14.6% and 7.3% respectively during the forecast period.
Browse Related Research: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
Some of the major players operating in the global specialty chemicals market include Albemarle Corporation, Akzo Nobel N.V., Ashland, BASF SE, Clariant AG, Evonik Industries, E.I. du Pont de Nemours and Company, Eastman Chemical Company, Huntsman Corporation, INEOS Group, and The Dow Chemical Company.
GLOBAL SPECIALTY CHEMICALS MARKET SEGMENTATION
- Construction Chemical
- Electronic Chemicals
- Cleaning Chemicals
- Specialty Coatings
- Polymer Additives
- Plastic Additives
- Lubricants and Oilfield Chemicals
- Paper and Textile Coatings
- Food Additives
- Adhesives and Sealants
- North America
- Rest of North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Explore Other Reports by P&S Market Research
Global Automotive Lightweight Material Market - https://www.psmarketresearch.com/market-analysis/automotive-lightweight-material-market
Global Waterproofing Chemicals Market - https://www.psmarketresearch.com/market-analysis/waterproofing-chemicals-market
Global Solar Control Glass Market - https://www.psmarketresearch.com/market-analysis/solar-control-glass-market
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Deep: Assistant, Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
SOURCE P&S Market Research