Specialty Chemicals Industry Growth & Trends Analysis By 2025


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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.


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. 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.

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 request a sample copy: 
http://www.grandviewresearch.com/industry-analysis/specialty-chemicals-market

Further key findings from the report suggest:

Grand View Research has segmented the global specialty chemicals market on the basis of product, application, and region:

Specialty Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

Specialty Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

Specialty Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

For More Information: www.grandviewresearch.com

 




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