Worldwide Market for Specialty Chemicals to reach $483.7 billion in 2011
Hyderabad, 17 Aug 2011 - Industry Experts, a multi industry focused market research firm, has released a new market research report ‘Specialty Chemicals – A Global Market Overview’ . According to the new report the global market for Specialty Chemicals is estimated to touch US$483.7 billion in 2011 and further projected to reach US$513 billion by 2012. The global chemical industry is facing the prospect of a positive future, given the solid economic growth being witnessed in the emerging economies of the world. Recovery in the worldwide chemical industry in 2010 is all set to go into higher gear in 2011 and beyond, with comprehensive increase in volume gains all over. An ongoing economic recovery, coupled with tighter supply/demand balances in major products is expected to bolster profitability even further in coming years that has to potential to lead to a "supercycle" in certain product and geographic areas. The next couple of years are forecast to witness fast growth