Dublin, July 16, 2021 (GLOBE NEWSWIRE) – The report “Specialty Chemicals Market – Global Outlook and Forecasts 2021-2026” has been added to ResearchAndMarkets.com offer.
In-depth analysis and data-driven insights into the impact of COVID-19 included in this report on Global Specialty Chemicals Market
Global Specialty Chemicals market revenue is expected to grow at 5.60% CAGR during the period 2020-2026.
Specialty chemicals are a niche segment that offers specialty ingredients to improve the performance of several end users, including the construction, automotive, cosmetics, textiles, and agriculture industries. An increase in population, decrease in arable land and expansion of horticultural industries are some of the major factors contributing to the growth of agrochemicals and fertilizers market.
India, China, Japan, Germany, France and the UK are the main market for agrochemicals. Water treatment chemicals are the second largest end use in the specialty chemicals market. These substances are used to disinfect water so that it can be reused in the environment.
The factors contributing to the growth of chemicals for water treatment are the growing population globally, increasing the demand for potable water. Construction chemicals have the high potential to propel in the years to come due to the robust growth of the construction industry. Rapid urbanization, increasing population, and substantial investment by government agencies to boost the housing sector are driving the growth of the construction sector, which in turn is boosting the market for construction chemicals.
SEGMENTATION OF THE WORLD SPECIALTY CHEMICALS MARKET
The global Specialty Chemicals market research report comprises detailed segmentation by end user, geography. The global agrochemicals market is expected to reach $ 314.32 billion by 2026. The increased emphasis on digital tools such as farmer apps and dealer management systems for better decision making is likely to increase demand for specialized agrochemicals. To limit the harmful effects of chemicals, the application of agrochemicals is growing. India, China, Japan, Germany, France and the UK are the main market for agrochemicals. Currently, China is the largest producer and consumer of fertilizers and dominates the agrochemical market.
The global construction chemicals market is likely to grow at a CAGR of 6.22% from 2020 to 2026. Global infrastructure investments are expected to reach $ 94.4 trillion by 2040, of which $ 3.6 trillion is earmarked for development goals sustainable. The APAC region is likely to experience the largest investments during the forecast period. Its share in infrastructure investments rose from 54% in 2010 to nearly 57% in 2015, estimated at 55% by 2040. The growing demand for earthquake-resistant buildings around the ring of fire in APAC and on the coast eastern North and South America America is likely to increase the demand for construction chemicals.
The global water treatment chemicals market is expected to reach USD 157.42 billion by 2026, with a CAGR of 5.79%. Coagulants and flocculants are the most widely used chemicals, followed by biocides and disinfectants due to the increased use of these substances in wastewater and municipal treatment plants in several industries including energy, oil and gas, chemicals and petrochemicals.
Biocides and disinfectants represent the second largest product segment as they ensure the safety of manufacturing systems and operational efficiency by preventing the growth of microbes. North America and Europe are mature markets for water chemicals.
OVERVIEW BY GEOGRAPHY
India, China, and Japan are the major consumers of specialty chemicals in APAC, accounting for USD 379.22 billion of total sales in 2020. The APAC specialty chemicals market is expected to reach 580.34 billion USD. USD by 2026.
The demand for specialty chemicals has increased due to rapid urbanization, increasing disposable income and increasing industrialization of food, agriculture, cosmetics, textiles, electronics and other manufacturing sectors in APAC. Growing demand for cosmetics, high demand for electronics, growing demand for adhesives and plastics from the packaging industry, and growing installations of water treatment systems are fueling demand for chemicals from specialty.
The global specialty chemicals market is highly competitive with both significant and regional players. Suppliers are focused on developing innovative products to support sustainability and expand their product portfolio. Although established players dominate the market, growth opportunities for smaller players and new entrants also exist. They focus on capitalizing the product portfolio that best suits national needs.
Due to the outbreak of the COVID-19 pandemic, the specialty chemicals market has been negatively affected. With the spread of the coronavirus, several production facilities, including automobiles, construction, textiles and other industrial products, have been temporarily suspended. As a result, the demand for chemicals has fallen sharply.
To survive the intense competitive environment, manufacturers must introduce new or improved coating additive products to adapt to an ever-changing market.
Aarti Industries Ltd
Other important suppliers
Main topics covered:
1 Research methodology
2 Research objectives
3 Research process
4 Scope and coverage
4.1 Market definition
4.2 Reference year
4.3 Scope of the study
5 Hypotheses and caveats in the report
5.1 Key caveats
5.2 Currency conversion
5.3 Market derivation
6 Market overview
7.2 Global Trends in the Chemical Industry
7.3 Specialty chemicals: overview
7.4 End-use segment analysis
7.5 Megatrends in the Specialty Chemicals Market
8 Growth opportunity by segment
8.1 End use
9 Market opportunities and trends
9.1 Growing demand from the construction sector
9.2 Development of environmentally friendly products
9.3 Strong demand from APAC
10 catalysts for market growth
10.1 Strong demand from the agrochemical segment
10.2 Significant demand from the pharmaceutical segment
10.3 Growing Demand for Men’s Personal Care Products
11 Market restrictions
11.1 Strict environmental regulations
12 Market landscape
12.1 Market overview
12.2 Geographical landscape
12.3 Market Size and Forecast
12.4 Analysis of the five forces
13 Functions performed by specialty chemicals
13.1 Rheology modifier
13.2 Specialty biocides
13.4 Specialty Adhesives and Sealants
13.5 Specialty pigments
13.6 Water-soluble polymers
13.7 Special coatings
14 End-use segmentation
14.1 Market Overview and Growth Driver
14.2 Market overview
14.3 Agrochemicals and fertilizers
14.4 Construction chemicals
14.5 Water treatment chemicals
14.6 Textile chemicals
14.7 Flavor and Fragrance Ingredients
14.8 Personal care ingredients
14.9 Electronic chemicals
14.10 Dyes and pigments
14.11 Paint and coating additives
14.12 Food additives
For more information on this report, visit https://www.researchandmarkets.com/r/71kf0c
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