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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 t