What is Speciality Chemical?
Specialty Chemicals market has high growth prospects due to its demand for construction projects and water treatment process. Specialty Chemicals are the chemical products which offered wide variety of effects on which many other industries sector rely. The Specialty Chemicals are mostly applicable in oilfields chemicals, water treatment chemicals, and cosmetic chemicals due to its superior performance and formulation. Major companies such as Evonik and Siemens introduced a Rheticus II to produce specialty chemicals in their product portfolio in german markets that beneficial in power plants and bio-gas plants arena.
The market study is broken down by Type (Food-Additives, Cosmetic Chemicals, Water Treatment Chemicals, Textile Chemicals, Paper & Pulp Chemicals and Oil Field Chemicals) and major geographies with country level break-up. and may see market size of USD276.4 Billion by 2026.
Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Speciality Chemical market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Akzonobel N.V. (The Netherlands), Accepta (United Kingdom), Accurel Systems (United States), Adeka Corp. (Japan), Ajinomoto Co. Inc. (Japan), Albemarle Corp. (United States), Arkema S.A. (France), Aquatech International (United States), Baker Hughes Inc. (United States), BASF Corp. (Germany), Chemtura Corp. (United States) and Clariant AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Dorf Ketal Chemicals (India), Lubrizol Corp. (United States), Mapei S.p.A. (Italy), Rhein Chemie Corp. (United States), Schlumberger (United States), Sanyo Chemical Industries (Japan) and Sika (Switzerland).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Speciality Chemical market by Type, Application and Region.
On the basis of geography, the market of Speciality Chemical has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Chemical Synthesis Catalysts will boost the Speciality Chemical market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Water-borne Adhesives will boost the Speciality Chemical market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In April 2019, Vantage Specialty Chemicals acquired Textron Plimon, S.L.U. Natural Oils Business to expand its business portfolio and produces specialty formulator of natural oils for the personal care, food, and chemical. This acquisition is beneficial for distribution business in Spanish regions.
In April 2019, Airedale Chemical introduced two new products such as polymers and antifoams, which is beneficial in capturing waste matters from water and suppress foams without affecting the products. It also delivers first food-grade antifoam which is being used in fermentation and distillery processes.
Market Trend
- Increasing Demand at Asia-Pacific Regions.
- Growing Renovation Projects at North America Regions
Market Drivers
- Increasing Use of Specialty Chemicals in Various Industries.
- Growing Urbanization and Public Infrastructure.
Opportunities
- Increasing Investment in Research and Development Activities.
- Technological Advancements Such as Floatation and Extraction Chemicals.
Restraints
- Adverse Impact due to Environmental Conditions
- Rigid Regulation by Government Bodies.
Challenges
- Lack of Skilled Professional.
- Increasing Competition between Major Players.
Key Target Audience
Speciality Chemical Manufacturers, Speciality Chemical Traders, End-Use Market Participants of Different Segments of Speciality Chemical, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.