MarketsandMarkets: Global Specialty Chemicals Market by Product Type, Functional Type, Key Applications, Raw Materials, Regulations, Geography, Price Trends, & Forecasts(2011-2016)By Marketsandmarkets, PRNE
Monday, March 7, 2011
DALLAS, March 8, 2011 - The 'Global Specialty Chemicals Market by Product Type, Functional Type,
Key Applications, Raw Materials, Regulations, Geography, Price trends, &
Forecasts(2011-2016)' analyzes the specialty chemicals market by products,
functions, and geography and studies the major market drivers, restraints,
and opportunities for the specialty chemicals in major geographies of the
U.S., Europe, and Asia. The global specialty chemicals market is expected to
grow from $476.13 billion in 2010 to $610.14 billion in 2016, at an estimated
CAGR of 4.11% from 2011 to 2016.
Browse 160 market data tables/figures and in-depth TOC on global
specialty chemicals market. Early buyers will receive 10% customization on
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MarketsandMarkets: Global Specialty Chemicals Market Worth $ 610.14
Billion by 2016
Growth in the end-user industries, growth in Asia, increasing scope of
applications, focus on innovations to produce efficient and safe chemicals
remain the key drivers for the specialty chemicals market. Rising cost of raw
materials, regulatory issues, and environmental concerns are the key
challenges that the industry is facing.
The "pesticides" segment, which was estimated to be $51 billion in 2010,
accounted for the largest share; i.e. 10.7% of the overall specialty
chemicals market. This segment is expected to reach $80.0 billion in 2016, at
a CAGR of 7.59% for the same period. Other high growth segments, which are
expected to grow at a CAGR of over 5%, are advanced ceramics, construction
chemicals, oilfield chemicals, and textile chemicals.
Asia has emerged as the largest market for specialty chemicals and
accounted for 32% of the overall market in 2010, just edging out North
America at 29% and Europe at 28%. The North American specialty chemicals
market was estimated to be worth $138.0 billion in 2010 and is expected to be
worth $174.6 billion in 2016, growing at a CAGR of 3.84% from 2011 to 2016.
Specialty polymers were the largest specialty chemicals segment in Europe and
were estimated to be worth $10.3 billion in 2010, growing at a CAGR of 3.98%
from 2011 to 2016. Electronic chemicals are one of the largest segments of
specialty chemicals in the Asian market and were estimated to be worth $12.8
billion in 2010.
The report "Global Specialty Chemicals Market By Product Type, Functional
Type, Key Applications , Raw Materials, Regulations, Geography, Price Trends,
& Forecasts (2011-2016)" segments the market on three aspects: by products,
by functionality and by geography. The product segmentation covers a host of
specialty chemicals by fifteen applications such as construction,
electronics, pesticides, water-treatment, etc. The second segmentation
discusses the specialty chemicals market by functionalities such as
antioxidants, biocides, catalysts, and so on. The report also discusses the
major technological and market trends along with market share of major
industry participants in the specialty chemicals industry and includes key
industry events such as new product launches, mergers and acquisitions, and
agreements. The objective of report is to highlight key market trends which
can be strategically useful and actionable for the stakeholders; i.e.
specialty chemicals manufacturers, bulk and commodity chemicals manufactures,
raw material suppliers, distributors, importers and exporters, and research
and consulting firms in the specialty chemicals industry. The entire report
is supported with a number of facts and figures about market size, market
revenues, and company market share analysis. The total number of tables and
figures are about 160 in the report. The report also forecasts the specialty
chemicals market till 2016.
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