Specialty Chemicals Market to gain immense traction in the agriculture sector

According to a comprehensive research report published by Global Market Insights, Inc., specialty chemicals market size is expected to surpass $1,200 billion by 2024, with estimated gains at more than 4.5% CAGR. The growth of the specialty chemicals market will be mainly driven by rising automobile manufacturing and construction activities globally. These chemicals are essential for manufacturing several industrial products, right from agrochemicals, electronics, and construction, to automobiles, paper, and paints. Increasing population and surging industrialization are likely to offer gigantic growth prospects to the specialty chemicals industry. Get sample copy of this research report @https://www.gminsights.com/request-sample/detail/792 Specialty chemicals have found widespread applications as construction chemicals owing to their ability to prolong structure life and improve the aesthetic & functional requirements of buildings. Escalating industrialization will augment the number of residential and commercial construction projects in the future and generate substantial demand for specialty chemicals. In 2015, Asia Pacific evolved as a pivotal growth ground for specialty chemicals, led by Japan, India, and China. The construction chemicals industry accounted for more than $70 billion in the total specialty chemicals market in 2015. Top Manufacturers:
  1. BASF
  2. Dow Chemical
  3. Bayer
  4. DuPont
  5. INEOS Group
Global specialty chemicals business is expected to gain huge proceeds from increasing product application in the automotive industry. Specialty chemicals are being extensively used to produce paints & coatings and adhesives utilized in the automotive industry. In 2015, global automobile production, including personal & commercial, reached almost 90 million units. Consumers are highly inclined towards using lubricants to lower frictional forces in automobiles, which will further propel specialty chemicals market demand. Apart from the automotive industry, specialty chemicals are broadly used in electronic apparatuses, such as semiconductors and integrated circuits. The rapid adoption of smartphones is set to boost the usage of electronic chemicals. Specialty chemicals market size from electronic chemicals is projected to grow at more than 4.5% CAGR over 2016-2024. Make an inquiry for buying this report @https://www.gminsights.com/inquiry-before-buying/792 Product Type Segment:
  • Agrochemicals
  • Polymers & Plastic Additives
  • Construction Chemicals
  • Electronic Chemicals
  • Cleaning Chemicals
  • Surfactants
  • Lubricants & Oilfield Chemicals
  • Specialty Coatings
  • Paper & Textile Chemicals
  • Food Additives
  • Adhesives & Sealants
  • Others
Specialty chemicals are toxic and can have detrimental impacts on the environment and biodiversity, which has evoked concerns from regulatory bodies regarding the excessive usage of the product. Governments have formulated strict environmental legislation and introduced directives about appropriate product usage. Rising consumer awareness about the toxic effects of specialty chemicals may impede the growth of the specialty chemicals market. The regional segmentation covers: o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe) o North America Region (U.S., Canada, Mexico) o South America Region (Argentina, Brazil, Columbia, Rest of South America) o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific) o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA) Extensive demand for specialty chemicals in construction, automobiles, and electronics will intensify the competition among eminent specialty chemicals industry participants. A few of the major business players are BASF, Dow Chemical, Bayer, DuPont, and INEOS Group. Other notable specialty chemicals companies include Clariant, Ashland, Syngenta, Arkema, Huntsman, Evonik Industries, Albemarle, Akzo Nobel, Chemtura, Solvay, and Eastman Chemical amongst others. Browse complete Table of Contents (ToC) of this research report @https://www.gminsights.com/toc/detail/specialty-chemicals-market Main Features of the Global Market Research Report: -The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2026. -The report also describes the major drivers of worldwide market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies. -The research report endorses a detailed industry chain analysis. Also, it covers the production process of market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the Organic Spice market. -The report provides detailed knowledge about the competitive scenario of the global market, and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition. -The report analyses the various market segments and also provides their contribution to the development of the global market. Browse More Reports: Metalworking Fluids Market:http://technologymagazine.org/metalworking-fluids-market-procure-substantial-returns-aerospace-defense-applications Liquid Nitrogen Market:https://www.marketwatch.com/press-release/liquid-nitrogen-market-to-amass-significant-gains-by-2025-asia-pacific-to-show-steady-growth-2020-02-24 Bitumen Membranes Market:https://www.openpr.com/news/1916213/bitumen-membranes-market-study-by-grade-product