The global specialty chemicals market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Specialty chemicals are generally manufactured by an interdependent and sophisticated industry. Specialty chemicals are usually sold on the basis of their functionality, as opposed to their formula. Based on their chemical nature they usually are categorized as single-chemical entities or formulations where their composition greatly affects the functionality and application of the customer’s product. Products within the specialty chemicals industry demand rigorous expertise and continuous innovation.
Basic chemicals which are single-chemical entities, in contrast, are sold absolutely based on their chemical composition. The Basic chemical product of one supplier is often conveniently compatible with that of every other supplier.
Specialty chemicals market include market-oriented products, which are used by a particular industry, for instance, electronic chemicals or heavy oil chemicals are used by a variety of electronic manufacturers and lubricant industries respectively. The other category includes functional products which are sets of products that provide a similar functionality, such as adhesives, antioxidants, or food additives.
A few of the important companies prominent in the specialty chemicals market are the AkzoNobel, Albermarle, BASF SE, Dow Chemicals Co., Ashland Inc., Henkel AG & Co. KGaA, Huntsman Corp., Solvay SA and Evonik Industries AG.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Supply & Demand
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
Regional analysis includes:
- Middle-East and Africa
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of volume and value
- Current industry developments
- Competitive landscape
- Strategies of key players and products available
- Potential and niche segments, regions showing promising growth