Specialty Chemicals Market - Positive Long-Term Growth Outlook 2023
Specialty Chemicals Market was valued at US$ 800.4 Bn in 2014 and is anticipated to reach US$ 1,201.1 Bn in 2023, expanding at a CAGR of 4.7% between 2015 and 2023
Specialty Chemicals Market was valued at US$ 800.4 Bn in 2014 and is anticipated to reach US$ 1,201.1 Bn in 2023, expanding at a CAGR of 4.7% between 2015 and 2023
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<strong>Specialty</strong> <strong>Chemicals</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Specialty</strong> <strong>Chemicals</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, <strong>Growth</strong>, Trends and Forecast 2015<br />
- <strong>2023</strong><br />
The competitive arena for specialty chemicals is extremely fragmented as most companies prefer to<br />
sign short term contracts for these chemicals from local manufacturers. BASF SE, The Dow Chemical<br />
Company, and Bayer AG - the top three providers of specialty chemicals in the world - collectively<br />
held only 10.6% of the market value in 2014.<br />
While the top players hold a relatively smaller share in the specialty chemicals market, their rate of<br />
forward integration is very high. This allows them to ensure a consistent supply of specialty chemicals<br />
to high demanding regions.At the same time, new entrants can expect to face strong competition from<br />
current players, according to Transparency <strong>Market</strong> Research. Existing players possess the advantage of<br />
economies of scale, thereby improving their cost-based competitive edge over new entrants.<br />
Get PDF Brochure for more Professional and Technical insights :<br />
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2246<br />
APAC Raises Demand for Agrochemicals, Attracts More <strong>Specialty</strong> <strong>Chemicals</strong> Manufacturers<br />
“The Asia Pacific contains a large concentration of regional players in the specialty chemicals market,”<br />
states a TMR analyst. “This is due to the exceptionally high demand for agrochemicals in the region.<br />
This applies especially to China and India who therefore become the key regions demanding<br />
agrochemicals.”<br />
A high demand for specialty chemicals is also seen in Latin America due to a growing concern over<br />
product quality.<br />
Transparency <strong>Market</strong> Research<br />
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