PUNE, India, July 14, 2016 /PRNewswire/ --
According to the 2016 performance chemicals market report, a key growth driver is the rapid urbanization in the BRIC countries and says end performance chemicals market is closely linked to each other and often has an impact on adjoining markets. For example, construction, healthcare, electronics, and automotive markets have a direct effect on metals, energy, and polymers markets. The customer preferences in these end markets have witnessed significant shifts, with growing demand and stress on sustainable products, processes, and practices. With rapidly urbanizing BRICS economies, the need to factor in sustainable protocols across business functions will drive performance chemicals growth.
Complete report on performance chemicals market spread across 73 pages, analyzing 5 major companies and providing 54 data exhibits is now available at http://www.rnrmarketresearch.com/global-performance-chemicals-market-2016-2020-market-report.html.
The analysts forecast global performance chemicals market to grow at a CAGR of 5.36% during the period 2016-2020. The performance chemicals market growth is augmented by the reduced production costs in the end-markets. Performance chemicals and materials play a key role in reducing the production costs for end-market producers by minimizing wastage and maintenance costs. Manufacturers in the market are trying to develop durable and economical alternatives such as composites used in the transportation industry. During 2015, APAC dominated the global performance chemicals market by accounting for about 39% of the overall market space. The increasing industrial activities in the field of food, agriculture, cosmetics and other manufacturing sectors in developing countries, mainly China and India coupled with a rise in disposable income in the developing countries is expected to propel growth in the performance chemicals market in APAC during the forecast period.
Global performance chemicals market report says a trend helping to boost market growth is the increased investment in construction and infrastructure development projects in APAC. Emerging economies have observed an increase in urbanization and per capita income levels, which are collectively contributing to the increase in the number of construction projects. The global urban population is anticipated to rise by more than 75% by 2050. There is a rising demand for infrastructure development, residential, and non-residential projects. The global construction market is expected to reach about $12 trillion by 2020. Therefore, with an increase in construction activities, the demand for construction chemicals is also increasing.
By 2020, the agrochemicals segment is expected to continue its market dominance by accounting for almost 17% of the revenue from the global performance chemicals market. The rise in global population, declining arable land, and subsequent necessity to enhance crop yield are some of the factors fueling growth in this segment. The use of agricultural products for industrial applications such as polymer production and fuel blending and the resultant rise in the demand for agricultural commodities is also expected to contribute to the growth in the global agrochemicals market in the coming years.
The following companies are the key players in the global performance chemicals market: Akzo Nobel, Arkema, BASF, Dow Chemical, Evonik Industries. Other prominent vendors in the market are: Ashland, Bayer, Clariant, Huntsman, and Solvay-Rhodia. Order a copy of Global Performance Chemicals Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=631337.
Global Performance Chemicals Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global performance chemicals market for 2016-2020.
Another related report is Global Chelating Agents Market 2016-2020, the analysts forecast global chelating agent market to grow at a CAGR of 4.27% during the period 2016-2020. The emergence of silybin as a new iron chelating agent is a major trend gaining traction in this market. The compound acts as an iron chelator and has antioxidant properties. It also has radical scavenging abilities because of which it has been suggested as a chelator recently. Silybin is a hepatoprotectant, hypocholesterolemic, and cancer protective agent. Browse complete report @ http://www.rnrmarketresearch.com/global-chelating-agents-market-2016-2020-market-report.html.
Explore other new reports on Chemicals Market @ http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals.
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