Agrochemicals and Paints & Coatings Leads the Specialty Chemicals Demand to Reach $1.5 Trillion by 2026 - Market Research Report (2020-2026) by Industry Experts, Inc.
Monday 15 Mar 2021
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 coupled with fast economic growth.
Impact of COVID-19 pandemic on Specialty Chemicals market was moderate and the demand declined by about 1% y-o-y in 2020 compared to 2019. All major regions witnessed the negative growth around 2% in 2020, while Asia-Pacific withstand a slight growth of about 1%.
The market for the Specialty Chemical types analyzed in this study comprise Adhesives & Sealants, Agrochemicals, Catalysts, Construction Chemicals, Electronic Chemicals, Engineering Thermoplastics, Nutraceutical Ingredients, Paints & Coatings, Specialty Films and Others.
This report reviews, analyzes and projects the Specialty Chemicals market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of value in USD. These regional markets further analyzed for 13 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; South America – Argentina and Brazil.
This 442 page study includes 187 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 45 key global players and 66 major players across North America – 32; Europe – 19; Asia-Pacific – 13; and Rest of World – 2. The research also provides the listing of the companies engaged in specialty chemicals industry. The global list of companies covers the address, contact numbers and the website addresses of 264 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/specialty-chemicals-a-global-market-overview
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