Market Synopsis of Specialty Chemicals Market:
Globally, Specialty Chemicals Market has been increasing tremendously, specifically in Asia pacific, owing to rise in the populations in this region resulting to increasing in demand for construction industries, automotive industry among others. Additionally, Specialty Chemical industry growth typically follows the growth of these key end markets. For example an increasingly urbanised china will demand for clean municipal market leading to increase in municipalities’ usage of water chemicals to recycle the waste water. Furthermore, the government across the globe specifically in developing countries are investing in development of roads, ports, power and telecom which could result in over 15% growth in construction, and chemicals.
The market of functional Specialty Chemicals is segmented into adhesives & sealants, elastomers, flame retardant, water treatment and others. Adhesive & Sealants accounted for the largest market share of 26.02% in 2015, and is projected to grow at the highest CAGR during the forecast period. Elastomers was the second-largest market in 2015, with the market share of 25% in 2015.
The major segment in developing countries would be the water treatment chemicals, substantially the demand for water is been increasing tremendously owing to usage in irrigation, drinking and industrial usage. Water treatment chemicals are used in for a wide range of industrial and in-process applications such as reducing effluent toxicity, controlling Biological Oxygen Demand (BOD) & Chemical Oxygen Demand (COD) and disinfecting water for potable purpose. Apart from use in potable water, the customer base is widespread across diverse industries ranging from large power plants, refineries and fertilizer factories to pharmaceuticals, food and beverages, electronic and automobile companies.
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Regional Analysis:
“Asia-Pacific is projected to be the largest market during the forecast period”
As per MRFR analysis Asia Pacific dominated the Global Specialty Chemicals Market and has accounted for the largest share of the market in 2014. Asia Pacific market is followed by Europe and North America. Moreover, Asia Pacific specialty chemicals market will witness growth above average with respect to demand of the same throughout the forecast period driven by strong growth in China and India due to the growing construction and building industry.
In terms of volume, Middle East, Africa and Asia Pacific are expected to witness robust growth during the forecast period. Availability of cheap labor, favorable weather conditions and governmental support are some of the factors driving the emulsion polymers market in these regions. Latin America, Europe and North America are also expected to experience significant growth of emulsion polymer market in near future.
Asia pacific is leading the market for Specialty Chemicals. China had a huge influence in the development of global petrochemical chemical industries the same factors will lead to in the development of Specialty Chemicals Industry. Currently the drivers of the market in china region are. Firstly, societal factors such as demand for a more environmentally-conscious way of life have resulted in new environmental protection laws requiring increased use of Specialty Chemicals for water treatment chemicals to combat hazardous air pollutants and many new industrial and institutional cleaning chemicals. Secondly, increase in demand for consumers-good preference specifically middle class sector choose consumer goods such as electronics, personal care, high-end cosmetics and food & nutrition products stimulating demand for the Specialty Chemicals which are used to produce them.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/specialty-chemicals-market-2026
Key Points from Table of Contents:
9. Company Profiles
9.1 BASF SE
9.1.1 Company overview
9.1.2 Product/ Business Segment Overview
9.1.3 Financial Overview
9.1.4 Key Development
9.2 Akzo Nobel NV
9.2.1 Overview
9.2.2 Product/ Business Segment Overview
9.2.3 Financial overview
9.2.4 Key Development
9.3 Evonik Industries AG
9.3.1 Overview
9.3.2 Product/ Business Segment Overview
9.3.3 Financial overview
9.3.4 Key Development
9.4 Chevron Phillips Chemical
9.4.1 Overview
9.4.2 Financial overview
9.4.3 Product/ Business Segment Overview
9.5 BHS Specialty Chemical
9.5.1 Overview
9.5.2 Financial Overview
9.5.3 Product/ Business Segment Overview
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Globally, Specialty Chemicals Market has been increasing tremendously, specifically in Asia pacific, owing to rise in the populations in this region resulting to increasing in demand for construction industries, automotive industry among others. Additionally, Specialty Chemical industry growth typically follows the growth of these key end markets. For example an increasingly urbanised china will demand for clean municipal market leading to increase in municipalities’ usage of water chemicals to recycle the waste water. Furthermore, the government across the globe specifically in developing countries are investing in development of roads, ports, power and telecom which could result in over 15% growth in construction, and chemicals.
The market of functional Specialty Chemicals is segmented into adhesives & sealants, elastomers, flame retardant, water treatment and others. Adhesive & Sealants accounted for the largest market share of 26.02% in 2015, and is projected to grow at the highest CAGR during the forecast period. Elastomers was the second-largest market in 2015, with the market share of 25% in 2015.
The major segment in developing countries would be the water treatment chemicals, substantially the demand for water is been increasing tremendously owing to usage in irrigation, drinking and industrial usage. Water treatment chemicals are used in for a wide range of industrial and in-process applications such as reducing effluent toxicity, controlling Biological Oxygen Demand (BOD) & Chemical Oxygen Demand (COD) and disinfecting water for potable purpose. Apart from use in potable water, the customer base is widespread across diverse industries ranging from large power plants, refineries and fertilizer factories to pharmaceuticals, food and beverages, electronic and automobile companies.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2026
Regional Analysis:
“Asia-Pacific is projected to be the largest market during the forecast period”
As per MRFR analysis Asia Pacific dominated the Global Specialty Chemicals Market and has accounted for the largest share of the market in 2014. Asia Pacific market is followed by Europe and North America. Moreover, Asia Pacific specialty chemicals market will witness growth above average with respect to demand of the same throughout the forecast period driven by strong growth in China and India due to the growing construction and building industry.
In terms of volume, Middle East, Africa and Asia Pacific are expected to witness robust growth during the forecast period. Availability of cheap labor, favorable weather conditions and governmental support are some of the factors driving the emulsion polymers market in these regions. Latin America, Europe and North America are also expected to experience significant growth of emulsion polymer market in near future.
Asia pacific is leading the market for Specialty Chemicals. China had a huge influence in the development of global petrochemical chemical industries the same factors will lead to in the development of Specialty Chemicals Industry. Currently the drivers of the market in china region are. Firstly, societal factors such as demand for a more environmentally-conscious way of life have resulted in new environmental protection laws requiring increased use of Specialty Chemicals for water treatment chemicals to combat hazardous air pollutants and many new industrial and institutional cleaning chemicals. Secondly, increase in demand for consumers-good preference specifically middle class sector choose consumer goods such as electronics, personal care, high-end cosmetics and food & nutrition products stimulating demand for the Specialty Chemicals which are used to produce them.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/specialty-chemicals-market-2026
Key Points from Table of Contents:
9. Company Profiles
9.1 BASF SE
9.1.1 Company overview
9.1.2 Product/ Business Segment Overview
9.1.3 Financial Overview
9.1.4 Key Development
9.2 Akzo Nobel NV
9.2.1 Overview
9.2.2 Product/ Business Segment Overview
9.2.3 Financial overview
9.2.4 Key Development
9.3 Evonik Industries AG
9.3.1 Overview
9.3.2 Product/ Business Segment Overview
9.3.3 Financial overview
9.3.4 Key Development
9.4 Chevron Phillips Chemical
9.4.1 Overview
9.4.2 Financial overview
9.4.3 Product/ Business Segment Overview
9.5 BHS Specialty Chemical
9.5.1 Overview
9.5.2 Financial Overview
9.5.3 Product/ Business Segment Overview
Make an Enquiry before buying @ https://www.marketresearchfuture.com/enquiry/2026
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