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Showing posts with the label market for specialty chemicals

Agrochemicals and Paints & Coatings Leads the Specialty Chemicals Demand - Market Research Report (2020-2026)

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Industry Experts, Inc. released an updated 2021 version of the market research report on Specialty Chemicals. As per the new report, the market for Agrochemicals is estimated the largest amongst all other chemical types in 2020 accounting for a share of 22% closely followed by Paints & Coatings. The evolutionary nature of the Specialty Chemicals business has meant that the traditionally dominant regions of North America, Europe and Japan have made way for fast growth in emerging Asian, South American and Middle Eastern & African economies. Asia-Pacific, in fact, is estimated as the largest, as also the fastest growing, global market for Specialty Chemicals . This growth can be attributed to rapid industrialization, improved standards of living in several developing regions, discernible shift in the global chemical industry’s center of gravity towards the Middle East due to the abundant availability of cheap petrochemical feedstocks and Asian markets offering cheap labor couple...

Specialty Chemicals Market on the Road to Recovery to Reach $884 Billion Due to Robust Development Activity in Emerging Regions

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Industry Experts released the new market research report " Select Specialty Chemicals Applications - A Global End-Use Industry Analysis ". As per the study, agrochemicals segment leads the market with US$218 billion in 2017 while Asia-Pacific is expected to witness the fastest growth during the 2017-2022 analysis period, owing to the robust growth in Electronic Chemicals applications as this region is the home for large number of companies engaged in electrical & electronic component manufacturing. As the name indicates, Specialty Chemicals are chemical products that are produced keeping a special or specific purpose in mind, with a greater emphasis on performance or function instead of composition. These can comprise individual chemical entities or complex formulations with ingredients that have a major role to play in the processing and performance of final products derived from them. The range of products and services encompassed by the specialty chemicals industry ...

Rapid Industrialization Coupled with Improved Living Standards Spur the Demand for Specialty Chemicals to Reach $1.2 Trillion by 2022

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Industry Experts released the 2017 version of its global report on Specialty Chemicals global market. The new report titled ‘ Specialty Chemicals – A Global Market Overview ’ provides a comprehensive in-depth analysis of the major segments of specialty chemicals. Asia-Pacific leads the global market for specialty chemicals, which is also poised to post the fastest 2017-2022 CAGR of 6.1%. Over the last decade or so, demand for Specialty Chemicals has been somewhat subdued, with overall profitability taking a hit due to a more competitive environment. The 19-month period between December 2007 and June 2009, recognized as the Great Depression, hit a body blow to the Specialty Chemicals industry. Given the niche nature of the sector and the high-value products comprising it, recovery was slow and has been maintaining periods of crests and troughs ever since. To take a case in point, the global market for Specialty Chemicals witnessed a decline of 10% between 2008 and 2009, experienced a...