Global Specialty Chemicals Market: Trends and Forecasts up to 2023
INFINIUM GLOBAL RESEARCH
Global Specialty Chemicals Market: Trends and Forecast -2023
INTRODUCTION REPORT DESCRIPTION Specialty chemicals are used under different categories such as adhesives (substance applied at the surfaces of materials binding them together to resist separation), agrichemicals (pesticides such as insecticides, herbicides and fungicides), cleaning materials, cosmetic additives, construction chemicals, elastomers, flavors, food additives (food preservatives such as salt, sugar, vinegar and sulfur dioxide), fragrances, Industrial gases, lubricants, polymers, surfactants (emulsifiers, foaming agents and dispersants), and textile auxiliaries. Industrial sectors such as automobile, aerospace, food, cosmetics, agriculture, manufacturing, textile industries are the major end-user of specialty chemicals. As per the report the global specialty chemicals market was worth USD 492.4 billion and it reached USD X.XX billion in 2015. The global market is expected to grow at a CAGR of 5.42% over the forecast period of 2017 – 2023. This report estimates the market size of specialty chemicals in terms of value (USD Billion) and volume (KT) over the period of 2014 to 2023. The year 2014 and 2015are considered being base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for specialty chemicals byType, by Function and by regions are estimated in terms of value and volume. This market research study provides detailed qualitative and quantitative analyses of the global specialty chemicals market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of specialty chemicals. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and, Rest of the World (RoW). The market size and forecasts are also given for these regions. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of specialty chemicals market. Moreover, the study highlights current market trends and provides forecast from 2015 to 2023. We also have highlighted future trends in the global specialty chemicals market that will impact the demand during the forecast period. The IGR2
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Global Specialty Chemicals Market: Trends and Forecast -2023
Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE SPECIALTY CHEMICALS MARKET SEGMENTATION
Region Types • • • • • • • • • • • • • • •
Specialty Mining Chemicals Water Treatment Chemicals Adhesives Electronic Chemicals Specialty Paper Chemicals Pesticides Rubber Processing Chemicals Advanced Ceramic Materials Plastic Additives Construction Chemicals Specialty Oilfields Chemicals Textile Chemicals Food Additives Printing Inks Specialty Polymers
Functions • • • • • • • • •
Antioxidants Biocides Catalysts Specialty Enzymes Separation Membranes Specialty Coatings Specialty Pigments Surfactant Demulsifier
North America Europe Asia Pacific RoW
The report segments the global specialty chemicals market by type, function, and region. On the basis of types the Specialty Chemicals Market is segmented as specialty mining chemicals, water treatment chemicals, adhesives, electronic chemicals, specialty paper chemicals, pesticides, rubber processing chemicals, advanced ceramic materials, plastic additives, construction chemicals, specialty oilfields chemicals, textile chemicals, food additives, printing inks, and specialty polymers. Based on function, the market has been segmented into antioxidants, biocides, catalysts, specialty enzymes, separation membranes, specialty coatings, specialty pigments, surfactant, and demulsifier. The global specialty chemicals market is analyzed covering the regions such as North America, Europe, AsiaPacific, and Rest of the World.
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Global Specialty Chemicals Market: Trends and Forecast -2023
RESEARCH METHODOLOGY METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the specialty chemicals market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. RESEARCH METHODOLOGY: AN OUTLINE
Primary Research
Secondary research
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• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars
• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others
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Global Specialty Chemicals Market: Trends and Forecast -2023
Primary Research Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through Key Opinion Leaders associated with Infinium Global Research Internal and External subject matter experts Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include Executives working with leading companies in the market under review Product/brand/marketing managers CXO level executives Regional/zonal/ country managers Vice President level executives. Secondary Research Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include Company reports and publications Government/institutional publications Trade and associations’ journals Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others. Websites and publications by research agencies The National Chemical Database Service ICSC databases.
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Global Specialty Chemicals Market: Trends and Forecast -2023
For More Details Get Free Few Sample Pages of this Premium Report: https://www.infiniumglobalresearch.com/reports/sample-request/734 DATA COLLECTION MATR IX: RESEARCH METHODOLOGY: DATA COLLECTION MATRIX
Demand Side analysis
Global market size (Consumption)
Supply Side Analysis
Production +Import -Export
Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global specialty chemicals market. The supply side analysis considers the production of specialty chemicals. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the specialty chemicals. The demand side analysis considers the Product areas of the specialty chemicals market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of specialty chemicals in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional specialty chemicals market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula
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Global Specialty Chemicals Market: Trends and Forecast -2023
RESEARCH APPROACHES The study on global specialty chemicals market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Billion. The research also covers the analysis of the various segments in the global specialty chemicals market. The estimates in the global specialty chemicals market are based on both bottom-up and top-down approaches. RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value) • Regional market size of specialty chemicals and its applications • •
Segment revenue of the key players Country level market size by type and applications (sales value)
•
Identifying key players in the specialty chemicals market
• •
Accumulation of the regional/country market size (sales value) Global market size of product types and applications
In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of specialty chemicals market.
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Global Specialty Chemicals Market: Trends and Forecast -2023
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In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific,and RoW. IGR- RESEARCH METHOD AND DATA TRIANGULATION
SECONDARY SOURCES.
PRIMARY SOURCES
• Industry Publications
end-use
•C-level executives in the leading manufacturing companies of Specialty Chemicals •Product managers •Sales managers •Industry consultants •Distributors/Suppliers
• Industry news ‘ • Data sources • The National Chemical Database Service
Infinium’s Data bank/Know how
• ICSC databases. • Others
• Annual Reports • Presentations • Company Websites
• Press Releases • News Articles • Journals
Primary Research
Secondary Research
• Paid Databases
Company Publications .
SUPPLY SIDE
of
General. Publications
DEMAND SIDE
• Government Agencies’ Publications
•Top executives industries •Intermediaries
Data Triangulation and Information Sources
The market size of specialty chemicals is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the specialty chemicals market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the specialty chemicals market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the specialty chemicals market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of specialty chemicals. With the help of primary interviews and secondary research the market size of specialty chemicals is determined for 8
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Global Specialty Chemicals Market: Trends and Forecast -2023
each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of specialty chemicals in the world market. EXECUTIVE SUMMARY GLOBAL SPECIALTY CHEMICALS MARKET HIGHLIGHTS, (USD BILLION) The global specialty chemicals market was worth USD 492.4 billion in 2015 and it is projected to reach USD 492.39billion in 2023, expanding at a CAGR of 5.42% between 2017 and 2023. The global specialty chemicals market is driven by the factors such as rapid growth in demand from application industries, rapid economic growth in emerging markets of Asia- Pacific and Latin America, and research and development in chemicals industry. However, volatile prices of raw materials and strict regulations pertaining to applications and handling of chemicals in major parts of the world are the key restraining factors affecting the growth in this market over the forecast period. Asia - Pacific dominates the world specialty chemicals market in terms of dollar share, and it is anticipated to grow at the highest CAGR over the forecast period. The growth in the Asia-Pacific region is primarily driven by emerging economies such as India, China and Indonesia. Rapid development in applications industries such as food and beverages, automobiles, agrochemicals and others in these emerging economies is the key factor driving the growth in the Asia-Pacific region. Asia Pacific is the largest revenue generating region and it is mainly driven by large scale production and consumption of specialty chemicals materials in its prime markets such as India, China and Japan. Moreover, Asia-Pacific is expected to growth at the highest CAGR of 5.42% over the forecast period. Some of the key players in the global specialty chemicals market are Albemarle Corporation, Akzonobel N.V., Ashland Inc., BASF SE, Chemtura Corporation, Clariant AG, andCYTEC SOLVAY group. among others. Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-specialtychemical-market 9
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Global Specialty Chemicals Market: Trends and Forecast -2023
GLOBAL SPECIALTY CHEMICALS MARKET PROJECTION, 2015 – 2023 (USD BILLION)
2014
2015
2016
2017
2018
2019
2020
2021
Value
Specialty Chemicals market is expected to experience significant growth globally. The global market for specialty chemicals is expected to grow at a CAGR 5.42% over the period of 2017 to 2023, significant growth in application industries is expected to impact the growth rate over the forecast period. MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global specialty chemicals market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the specialty chemicals market. Drivers refer to the factors that are expected to drive or boost the market size or demand for specialty chemicals. The analysis involves identification of both demand side and supply side factors that drive the demand as well as 10
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Global Specialty Chemicals Market: Trends and Forecast -2023
environmental factor that favor the market conditions for growth of specialty chemicals market both in short run and long run. DRIVERS, RESTRAINTS AND OPPORTUNITIES IN GLOBAL SPECIALTY CHEMICALS MARKET
D
• Driver 1 • Driver 2 • Driver 3
R
• Restraint 1 • Restraint 2 • Restraint 3
O
• Opportunity 1 • Opportunity 2
Drivers
Restraints
Opportunities
IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Function segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky 11
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Global Specialty Chemicals Market: Trends and Forecast -2023
Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size.
IGR- GROWTH MATRIX ANALYSIS Growth Rate
Consolidation zone
Opportunity zone High
Low Risky zone
Retention zone Market Size High
Low
North America
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Europe
Asia-Pacific
Latin America
RoW
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