Across the globe, chemical producers are slowly heading towards the specialty chemicals from commodity chemicals. Shift from price-sensitive chemicals to low-volume, high value and high margin specialty chemicals are seen in the industry from the past decade. The substantial enlargement of specialty chemicals across the world is a positive indicator of the new trend.
High demand for function-specific chemicals is increasing the market for the use of Speciality chemicals. They provide a wide variety of effects on which many other industry sectors depend upon. The upsurge of high-performance coatings and increased demand in end-user industries such as construction, automotive and electronics are the other factors attributing to the growth of the market. Industrialization in Asia-Pacific supplemented by low labor cost and economic growth also drives demand.
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“Automotive Industry dominates the end user industry.”
Automotive is a fast-growing industry which is creating a high demand for paints, coatings, lubricants, adhesives, and others to reduce weight and foster cost savings.
The automotive industry is gradually replacing the welding activities of engine parts assembly with adhesives and sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Specialty chemicals are accounting for about 20% of overall vehicle weights and also efficient in meeting the emission & sustainability guidelines and regulations.
Segmentation of the global specialty chemicals market:
Specialty Chemicals Market is segmented based on various criteria into the following categories:
Based on the type
Adhesives & Sealants,
Inks, & Pigments,
Flavors & Fragrances,
industrial & institutional Cleaners,
Lubricants & Oil Additives,
Paints & Coatings,
Rubber Processing Chemicals,
Textile Chemicals, and
Water Treatment Chemicals
Also, the market is classified based on End Users into
Automotive & transportation,
Consumer goods, and
Finally, the market consists of the following segments based on geography
The Asia Pacific and
Recent news in the global specialty chemicals market:
In 2015, Solvay acquired the US-based Cytec to upgrade its portfolio of advanced materials.Mitsubishi has shifted its focus towards the specialty chemicals by shutting down its ethylene crackers business and investing in carbon fiber and composites, organic photovoltaic modules and organic photo-semiconductors.
Features of this report:
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
The report profiles the following companies, which combined occupy most of the global specialty chemicals market share, including Albemarle Corporation, BASF SE, Henkel AG & Co. KGaA, Ashland Inc., Dymax Corporation, Evonik Industries AG, Solvay S.A., Albemarle Corporation, PPG Industries, AkzoNobel, H.B. Fuller, Huntsman Corporation, Ferro Corporation, Chemtura Corporation, ExxonMobil Corp., 3M, The Dow Chemical Company, Avery Dennison, Royal Adhesives & Sealants, Beardow & Adams (Adhesives) Ltd, and Uniseal Inc.
Key takeaways from this report:
The professional purchasing the DMI report on global specialty chemicals market will be able to do the following
Visualize the composition of the Speciality Chemicals market across each indication, regarding type and applications, highlighting the critical commercial assets and players.
Identify commercial opportunities in Speciality Chemicals by analyzing trends and co-development deals.
Excel data sheet with thousands of data points in the Speciality Chemicals market – level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the critical Speciality Chemicals products of all major market players
Professionals who can derive maximum benefits out of this report:
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
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