DUBLIN, Feb. 19, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/lf2nn3/world_specialty) has announced the addition of the "World Specialty Chemicals Market - Opportunities and Forecast, 2014 - 2020" report to their offering.
This new report projects that the worldwide specialty chemicals market is expected to generate $233.5 billion by 2020.
In 2014, construction chemicals and food additives segment collectively accounted for about half of the market share and is expected to maintain this trend during the forecast period. In 2014, the Asia-Pacific region contributed around 35% share of the world specialty chemical market.
Specialty chemicals are manufactured on the basis of their performance or function, rather than their chemical composition. Constant focus on research & development activities has led to the development of advanced specialty chemicals; thereby, driving the market growth. Moreover, heavy investment in construction & infrastructure projects and changing lifestyle of consumers boost the consumption of specialty chemicals, such as construction chemicals and food additives, in the emerging economies. However, fluctuating cost of raw materials and stringent government regulations are expected to restrain the market growth.
Growing urbanization and rising number of construction projects have fostered the consumption of specialty chemicals. The ink additives segment is anticipated to grow at the highest CAGR of 5.8% during the forecast period.
Increasing sales of UV, free radical, and cationic inks for commercial and publications printing applications have fueled the consumption of ink additives in the market. The other specialty chemicals included in this report are food additives, cosmetic chemicals, water treatment chemicals, paper & pulp chemicals, textile chemicals, and oil field chemicals.
- AkzoNobel N.V.
- BASF SE
- Bayer AG
- Chemtura Corporation
- Clariant AG
- Evonik Industries AG
- Huntsman Corporation
- Novozymes A/S
- Rhodia S.A.
- The Dow Chemical Co.
Key Topics Covered:
CHAPTER 1 - Introduction
CHAPTER 2 - Executive Summary
CHAPTER 3 - Market Overview
CHAPTER 4 - Market by Type
CHAPTER 5 - Market by Geography
CHAPTER 6 - Company Profiles
For more information visit http://www.researchandmarkets.com/research/lf2nn3/world_specialty
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SOURCE Research and Markets