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Specialty Chemicals Market Size to showcase significant growth in the construction and automotive industries by 2024

Author : Ronak Bora | Published Date : 2019-08-08 

Robust growth in end user industries including construction and automotive will boost the global specialty chemicals market size by 2024. These compounds are used in adhesives and paints &coatings, which are widely used in automotive as well as construction industry. In 2015, global vehicles production, including commercial &personal, was approximately 90 million units. Furthermore, increasing consumer demand for lubricants to reduce frictional forces in the vehicles will enhance growth.

Automotive industry is one of the top potential growth prospect for specialty chemicals market. Automotive industry utilizes a broad range of specialty chemical products in the form of paints & coatings, polymers & plastic additives, adhesives & sealants, lubricants, etc., thus contributing towards a significant share of specialty chemicals market. The expanding automotive industry coupled with the growing demand for fuel-efficient vehicles will bring a huge set of opportunities for the market space.

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The chemical industry has rightly been marked as a key parameter to achieve sustainable development for other industries. Chemicals are the key differentiators of any two products under comparisons and are thus being widely and of course wisely adopted by the manufacturers worldwide. Paints & Coatings industry is a well-suited example of explaining this feature, where 80% of the raw materials in almost all the paints are same, and the rest 20% which are the differentiating factors comprises the specialty chemicals. Construction specialty chemicals market, which had a revenue of USD 70 billion in 2015, is estimated to have a noticeable surge over the coming years owing to the rising number of commercial and residential projects worldwide.

Electronic chemicals market size is projected to witness gains more than 4.5% CAGR. These find widespread applications in electronic apparatuses including integrated circuits and semiconductors. Additionally, increasing smartphone customer base will favor growth.

These products are used in food to improve the nutrient content and texture laterally keeping the food fresh. Upgrading consumer lifestyle accompanied with increasing disposable income is analyzed to be the key factor propelling food additives specialty chemicals market size.

Chemical industry has become a crucial name in the global business space, being regarded as the key enabler for other sectors. Chemicals have occupied their significant share in probably all the other industries of the world, right from the electronics to the paint, automotive, food & beverages, etc. With this gigantic presence, specialty chemicals market is all set to expand vigorously both in terms of revenue and applications over the coming years. According to Global Market Insights, Inc. “specialty chemicals market having had a share of USD 830 billion in 2015, is estimated to reach USD 1273 billion by 2024.”

Browse key industry insights spread across 110 pages with 74 market data tables & 14 figures & charts from the report, “Specialty Chemicals Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/specialty-chemicals-market

In 2015, U.S. generated revenues of over USD 150 billion in specialty chemicals sales, mainly accounted for by the growing oil &gas sector.

In 2015 Asia Pacific, led by China, Japan, and India, dominated the global specialty chemicals market revenue. The growth was mainly attributed to growing construction and automotive industry.

In 2015, specialty chemicals company revenue shares were fragmented. Major industry share contributor includes Dow Chemical, BASF, Bayer, INEOS Group and DuPont. Other prominent participants are Ashland, Clariant, Syngenta, Huntsman, Arkema, Evonik Industries, Akzo Nobel, Albemarle, Chemtura, Eastman Chemical, and Solvay.

Glimpse of Table of Content (ToC)

Chapter 4.        Specialty chemicals Industry Product Insights

4.1.       Global specialty chemicals market share by product, 2015 & 2024

4.2.       Agrochemicals

4.2.1.    Market estimates and forecast, 2013 - 2024

4.2.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.       Polymers & Plastic Additives

4.3.1.    Market estimates and forecast, 2013 - 2024

4.3.2.    Market estimates and forecast, by region, 2013 - 2024

4.4.       Construction Chemicals

4.4.1.    Market estimates and forecast, 2013 - 2024

4.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.5.       Electronic Chemicals

4.5.1.    Market estimates and forecast, 2013 - 2024

4.5.2.    Market estimates and forecast, by region, 2013 – 2024

4.6.       Cleaning Chemicals

4.6.1.    Market estimates and forecast, 2013 - 2024

4.6.2.    Market estimates and forecast, by region, 2013 – 2024

4.7.       Surfactants

4.7.1.    Market estimates and forecast, 2013 - 2024

4.7.2.    Market estimates and forecast, by region, 2013 – 2024

4.8.       Lubricants & Oilfield Chemicals

4.8.1.    Market estimates and forecast, 2013 - 2024

4.8.2.    Market estimates and forecast, by region, 2013 – 2024

4.9.       Specialty Coatings

4.9.1.    Market estimates and forecast, 2013 - 2024

4.9.2.    Market estimates and forecast, by region, 2013 – 2024

4.10.     Paper & Textile Chemicals

4.10.1.  Market estimates and forecast, 2013 - 2024

4.10.2.  Market estimates and forecast, by region, 2013 – 2024

4.11.     Food Additives

4.11.1.  Market estimates and forecast, 2013 - 2024

4.11.2.  Market estimates and forecast, by region, 2013 – 2024

4.12.     Adhesives & Sealants

4.12.1.  Market estimates and forecast, 2013 - 2024

4.12.2.  Market estimates and forecast, by region, 2013 – 2024

4.13.     Others

4.13.1.  Market estimates and forecast, 2013 - 2024

4.13.2.  Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/specialty-chemicals-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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