DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Specialty Chemicals Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
Specialty chemicals are the particular low volume chemical products adding significant value to the different products in several industries, such as construction, agriculture, textile, automotive, oil and gas, food and beverage, paints, glass and cosmetic. These chemicals are marketed for their function or performance, instead of their composition. These chemicals are either single entity, or in combination of several chemicals. The specialty chemical products significantly enhance the processing and performance of consumer products. Specialty chemicals find several applications as catalyst, antioxidant, pesticide or biocide, demulsifier. The global specialty chemicals market witnessed significant change over the years, owing to the extensive research and development and product innovation. These chemicals result in higher margins, in comparison to bulk chemicals.
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 large base of end-use industries, high demand from Asia-Pacific, increasing demand from automotive industry, and technological advancements are driving the growth of the global specialty chemicals market. The shifting of production to Asia is the key trend witnessed in the global specialty chemicals market. However, saturation in specialty chemicals market in developed economies, volatile raw materials prices and stringent regulations for specialty chemicals are some of the factors hindering the growth of the global specialty chemicals market to some extent.
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.
Key Topics Covered:
1. Research Scope & Methodology
4.Global Specialty Chemicals Market Size And Forecast (2012-2022)
5.Global Specialty Chemicals Market, By Geography
6.Competitive Positioning Analysis
7.Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/9tlnsb/global_specialty