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Specialty Chemicals Market Scope and Trends Analysis by 2025

Growing popularity of high-value chemicals that play a crucial role in the development of novel products is a major driving factor for the industry. The Global Specialty Chemicals Market is expected to reach USD 1.79 trillion by 2025, according to a new report by Grand View Research, Inc.


Specialized & advanced features of these compounds lends them a significant advantage in comparison with commodity products, since the former are formulated on the basis of unique performance characteristics for specific applications in the construction, automotive, electronics, agriculture and other sectors.

International chemical authorities are widely advocating the passage of free trade agreements such as Transatlantic Trade Investment Partnership (TTIP) between the U.S. and Europe which is expected to foster manufacturing & trade of these products over the near future. Recovery in housing starts and rebounding growth of the automotive sector in North America is also a key trend impacting market dynamics.

Construction chemicals accounted for 12% of the volume share in 2016 and are expected to emerge as the fastest growing segment with over 5.7% CAGR from 2017 to 2025. The steady demand for residential projects & public infrastructure in emerging economies remains a key driving factor for compounds utilized in the production, maintenance & repair of building components.

To Know More About Specialty Chemicals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/specialty-chemicals-market 

Top Players of Specialty Chemicals Market:

Key industry participants such as BASF, Henkel, The Dow Chemical Company, ExxonMobil, Huntsman Corporation, AkzoNobel, Evonik Industries, PPG Industries, Avery Dennison and others are actively participating in new product launches, R&D, strategic expansions and M&A to expand their reach and improve product offering to emerging customer segments.

Market Segmentation of Specialty Chemicals Market:

The Global Specialty Chemicals Market segmented on the basis of Product, Application, and Region.

By Product:

CASE
Agrochemicals
Electronic Chemicals
Construction Chemicals
Specialty Polymers & Resins

By Application:

Automotive
Construction
Agriculture
Industrial Manufacturing
Consumer Goods

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Specialty Chemicals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1962/ibb 
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