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Specialty Chemicals Market
Specialty Chemicals Market Overview:
Specialty Chemicals Market is set to thrive at a CAGR of 6.21% during the forecast period 2018 to 2023. The market is set to grow from USD 710.03 Billion in 2017 to USD 1000 Billion by the end of 2023.
Specialty Chemicals due to the superiority of specialty chemicals has augured well for the market players. The trend is prognosticated to perpetuate in the foreseeable future. However, the volatile price of raw materials such as petrochemical derivatives remain an impediment to the specialty chemicals market growth and is expected to affect pricing policies adversely.
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Specialty Chemicals Market Key Players:
Market Research Future (MRFR) recognizes the following companies as some of the key market,
• Evonik Industries AG,
• Henkel AG & Co,
• ExxonMobil Corporation,
• Clariant AG,
• AkzoNobel NV,
• Lenzing AG,
• BHS Specialty Chemicals,
• Lanxess AG,
• BASF SE,
• Ashland Inc.,
• Solvay SA,
Specialty Chemicals Market Segmentation:
A detailed segmental analysis is offered in the report based on source and type. By source, the global specialty chemicals market is segmented into crude oil, naphtha, ethane, propane, butane, wood and others. Among these, the naphtha segment accounts for a major share of the market revenue. It is forecasted to register a CAGR of 6.19% over the assessment period.
By type, the specialty chemicals market has been segmented into agrochemicals, flavour ingredients, fragrance ingredients, dyes & pigments, water treatment chemicals, personal care active ingredients, construction chemicals, surfactants, textile chemicals, polymer additives, bio-based chemicals, and others. Among these, the agrochemicals segment holds the most significant share of the market and is likely to exhibit positive growth in the foreseeable future.
Specialty Chemicals Market Regional Analysis:
By region, the global specialty chemicals market has been segmented into Asia Pacific, North America, Europe, the Middle East & Africa, and Latin America. Asia Pacific is projected to lead the global market and is expected to hold a significant market share towards the end of 2023. The factors responsible for aiding market proliferation in the region include thriving agrochemicals industry, the presence of fast-developing economies, increasing demand from the automobile industry, etc. Furthermore, the relaxations in regulations by the governments catalyse the expansion of the regional market.
Europe and North America are important growth pockets and are likely to remain highly lucrative markets during the forecast period. The presence of key players in the regions is projected to complement the expansion of the markets. Meanwhile, Latin America and the Middle East & Africa are estimated to hold the least share of the specialty chemicals market. However, Middle Eastern country-level markets such as Qatar, U.A.E, Dubai, etc. and Latin American country-level markets such as Mexico and Brazil resonate strong growth opportunities.
Specialty Chemicals Market Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
Specialty Chemicals Market Table of Content to be Continue……,
Specialty Chemicals Market List of Table:
Table 1 List of Assumptions
Table 2 Global Specialty Chemicals Market, By Source, 2015-2023 (USD Million)
Table 3 Global Specialty Chemicals Market, By Source, 2015-2023 (KT)
Table 4 Global Specialty Chemicals Market for Crude Oil, 2015-2023 (USD Million)
Table 5 Global Specialty Chemicals Market for Crude Oil, 2015-2023 (KT)
Specialty Chemicals Market List of Table to be Continue……,
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