Global Speciality Chemicals Market Reviewed in New INTELLIROI Study Available at MarketPublishers.com19 Apr 2016 • by Natalie Aster
LONDON – On a global level, the value of the specialty chemicals market is projected to amount to USD 471 billion in 2020, demonstrating a CAGR of just over 5.4%.
A greater focus placed on innovations for creating more protected and efficient specialty chemicals also acts as an important driver of the global market for specialty chemicals. However, shifting raw material costs, strict regulations pertaining to specific chemicals, and concerns about the environmental problems pose a challenge to the sector’s expansion and growth. The development of nature-friendly specialty chemicals at keen prices is poised to bring novel opportunities in the market. These chemicals enjoy enormous potential in developing nations like China, India and Brazil; manufacturers can seize an excellent chance by expanding their manufacturing operations into these regions.
Geography-wise, the APAC specialty chemicals sector is the largest market worldwide; it is projected to record a fast-paced growth on the back of the expanding end use sectors as plastic, construction, automobile, and electronics. The North American region comes second, in value terms, with Europe closely following after. The key forces giving a boost to the market are the rapid expansion of large end-use industry verticals, particularly across the markets of Asia, and an incessantly widening range of application areas.
In-demand research study “Global Speciality Chemicals market – By Type, Function, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2014- 2020)” drawn up by INTELLIROI offers a 360-degree overview of the marketplace, giving an unbiased analysis of the value chain, Porter's five forces analysis, insights into the regulatory landscape, etc. The report further focuses on examining the market dynamics, investigating key growth drivers & limiters and major opportunities. The market segmentation based on type, function, and by region is provided, and values are presented for the overall market and for each of the segments discussed. The research publication delves into the competitive scenario, provides data on the market shares of key vendors, and contains detailed company profiles of the leading players in the industry. Moreover, granular forecasts showing how the sector will likely evolve in the offing are also available in the report.
More comprehensive reports by the publisher can be found at INTELLIROI page.