Specialty Chemicals Global Market Forecast to 2023 | Industry Growth Analysis, Future Trends, Share, Size, Revenue and Regional Outlook

Jul 6, 2019

Global Specialty Chemicals Market Research Report, by Source (Crude Oil, Naphtha, Ethane, Propane, Wood, Butane), Type (Agrochemicals (Insecticide, Fungicides, Herbicides, Ammonium Sulphate Fertilizers, Calcium Nitrate Fertilizers), (Calcium Nitrate and Other Water Treatment Chemicals) Others and By Regions - Forecast to 2023

Pune, India - July 6, 2019 /MarketersMedia/ —

Specialty Chemicals Market Overview:
The global specialty chemicals market size was estimated at USD 700 billion in 2017 and is projected to reach USD 1000 billion by 2023. Specialty chemicals refer to performance chemicals that are used in manufacturing processes of industrial and consumer goods. These low volume chemical products are also used to produce paints, detergents, electronics, and petroleum products. They are used on the basis of function and performance. The physical and chemical characteristic of formulated mixture of molecules or single molecule and the composition of molecule influences the performance of the end product.

Growing demand for function specific chemicals owing to industrial product life cycle is anticipated to propel market growth. Rising demand for refining and drilling activities of shale and oil gas coupled with constructive oil and gas prices is likely to augment market growth. Increasing number of oil exploration activities in the United States (U.S.) is expected to contribute well to oilfield chemicals. Rising environmental concerns owing to pollution is expected to impel demand for products contributing lower greenhouse gas emissions.

Get Free Exclusive Sample Copy of The Expert Research at @ https://www.marketresearchfuture.com/sample_request/2026

Specialty Chemicals Market Key Players:
Some of the leading companies operating in the specialty chemicals market are;
• Evonik Industries AG,
• Henkel AG & Co,
• ExxonMobil Corporation,
• Clariant AG,
• AkzoNobel NV,
• Lenzing AG. Most companies,
are likely to invest in business strategies like mergers and acquisitions to expand their product portfolio and gain competitive edge

Specialty Chemicals Market Segmentation:
The specialty chemicals market can be segregated on the basis of source, type, and region. Based on source, the market can be categorized into ethane, butane, propane, crude oil, wood, naphtha, and others. In terms of type, the market can be classified into flavors ingredients, fragrances ingredients, surfactants, textile chemicals, polymer additives, bio-based chemicals, personal care active ingredients, dyes & pigments, polymer additives, construction chemicals, and others.

Construction chemicals segment is anticipated to hold highest market share in the coming years owing. This is attributed to rising demand for tile fixing adhesives, waterproofing compounds, joint filers, repair, and renovation compounds. Growth of construction industry in India, Thailand, and China will drive segment’s growth.

Specialty Chemicals Market Regional Analysis:
Regional segmentation includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Asia Pacific is anticipated to hold highest market share owing to increasing number of chemical companies in the region. Rising demand for agrochemicals to protect crops is augmenting regional growth. In addition, easy availability of labor and raw material at low prices is likely to impel regional market growth. Countries such as India, Singapore, Malaysia, and Thailand are projected to create lucrative opportunities for investors owing to economic growth.

The Middle East is expected to witness significant market growth in the coming years owing to availability of chemical feedstock and crude oil reserves. In addition, rising construction activities in UAE, Saudi Arabia, and Oman is augmenting regional market growth. Moreover, growth of automotive, consumer goods, and electronics industries in the region attributed to digitalization will drive regional market growth over the forecast period.

Specialty Chemicals Market Table of Content to be Continue……,

Full Access Report @ https://www.marketresearchfuture.com/reports/specialty-chemicals-market-2026

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/specialty-chemicals-market-2026

Source URL: https://marketersmedia.com/specialty-chemicals-global-market-forecast-to-2023-industry-growth-analysis-future-trends-share-size-revenue-and-regional-outlook/88893138

Source: MarketersMedia

Release ID: 88893138

More News

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.