Global Specialty Chemicals Market to Reach USD 296.2 Billion By 2025.
Global Specialty Chemicals Market valued approximately USD 202.3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.90 % over the forecast period 2018-2025. Rising awareness regarding environmental concerns along with the growing need for eco-friendly materials and chemicals are some factors considered as major trend for the specialty chemical market across the globe over the forecast period.
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The study offers an extensive analysis of key drivers, opportunities, key segments, regions, and major manufacturers. Additionally, the competitive scenario in different geographies is outlined to assist new entrants, leading market players, and investors to determine emerging economies. Insights presented in the report would benefit market players to develop strategies for the future and gain a strong position in the global market.
The regional analysis of Speciality Chemicals Market Covers:
- North America
- Asia Pacific
- Latin America
Asia-Pacific dominates the Speciality chemical market owing to the rapid industrialization along with the growth in manufacturing sector. Also, the growth of the Asia-Pacific region is witnessed owing to the growing demand for specialty chemical in various industrial processes. Whereas, Asia Pacific is anticipated to emerge as the fastest growing market region during the forecast period 2018-2025. However, China and India are considered as lucrative countries in Asia-Pacific owing to the growing pharmaceutical sector.
The leading market players mainly include-
- Akzo Nobel N.V
- Solvay SA
- BASF SE
- R. Grace & Co.
- Wacker Chemie AG
- Huntsman Corporation
- Clariant AG
- Eastman Chemical Company
- Mitsui Chemicals Inc.
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The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
The detailed segments and sub-segment of the market are explained below:
- Food Additives
- Water treatment chemicals
- Cosmetic chemicals
- Textile chemicals
- Paper & Pulp chemicals
- Oil-field chemicals
- Construction chemicals
- Ink additives
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