Global Specialty Chemicals Market 2020-2024
Technavio has been monitoring the specialty chemicals market and it is poised to grow by $ 118.22 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on specialty chemicals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for specialty chemicals from agrochemical industry and shift toward specialty adhesives and sealants. In addition, increasing demand for specialty chemicals from agrochemical industry is anticipated to boost the growth of the market as well.
The specialty chemicals market analysis includes end-user segment and geographic landscapes
Technavio's specialty chemicals market is segmented as below:
• Lubricant and oilfield chemicals
• Industrial and institutional cleaners
• Electronic chemicals
• Adhesives and sealants
• Food additives
• Polymers and plastic additives
• Construction chemicals
• Textile chemicals
By Geographic Landscapes
• North America
• South America
This study identifies the increasing demand for recycled plastics as one of the prime reasons driving the specialty chemicals market growth during the next few years.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our specialty chemicals market covers the following areas:
• Specialty chemicals market sizing
• Specialty chemicals market forecast
• Specialty chemicals market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading specialty chemicals market vendors that include Albemarle Corp., BASF SE, Clariant International Ltd., Evonik Industries AG, Henkel AG & Co. KGaA, Huntsman Corp., Nouryon Chemicals Holding BV, Saudi Basic Industries Corp., Solvay SA, and Dow Inc.. Also, the specialty chemicals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors. For further information on this report, please visit - https://www.technavio.com/report/report/specialty-chemicals-market-industry-analysis
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.