SummarySpecialty Chemicals Market - Report Insights Chemicals constitute an integral part of the global manufacturing industry for that they constitute the raw materials for most of the key end use industries driving the world economy. The global chemical output, valued at $180 billion in 1970 has grown to more than $4 trillion in 2015, driven by rapidly growing demand for a wide variety of products and processes that throughout their lifecycles stand as indispensable parts in making the modern human life more comfortable and productive. Specialty chemicals play an even more important role as they stand as the pillars for innovation driving the efficiency in each end user industry, while resolving complex issues pertaining to human health and ecosystem. The word ‘Specialty chemical’ is used to refer to unique molecules or mixtures of molecules that are used on the basis of their performance or function. They are also referred to "formulation" chemicals. The differentiating component between specialty chemicals and commodity chemicals is that the former has specified target segments and unique applications.... Research Beam Model: Research Beam Product ID: 669377 2995 USD New
Strategic Assessment of Worldwide Specialty Chemicals Market - Forecast Till 2021

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Strategic Assessment of Worldwide Specialty Chemicals Market - Forecast Till 2021

 
  • Category : Materials & Chemicals
  • Published On : May  2016
  • Pages : 121
 
 
Summary
Specialty Chemicals Market - Report Insights
Chemicals constitute an integral part of the global manufacturing industry for that they constitute the raw materials for most of the key end use industries driving the world economy. The global chemical output, valued at $180 billion in 1970 has grown to more than $4 trillion in 2015, driven by rapidly growing demand for a wide variety of products and processes that throughout their lifecycles stand as indispensable parts in making the modern human life more comfortable and productive. Specialty chemicals play an even more important role as they stand as the pillars for innovation driving the efficiency in each end user industry, while resolving complex issues pertaining to human health and ecosystem.

The word ‘Specialty chemical’ is used to refer to unique molecules or mixtures of molecules that are used on the basis of their performance or function. They are also referred to "formulation" chemicals. The differentiating component between specialty chemicals and commodity chemicals is that the former has specified target segments and unique applications. Commodity chemicals or base chemicals on the other hand has more than one application and constitute a major portion of the worldwide chemical output by weight.

Worldwide Specialty Chemicals market research report covers the present scenario and the growth prospects of the worldwide Specialty chemicals market for the period 2015-2021. The report provides in-depth analysis of market size and growth of worldwide specialty chemicals market. This market research report includes a detailed market segmentation of the worldwide specialty chemicals Market by the following segmentation types

By Application

• Paints and Coatings
• Polymers and Plastic Additives
• Agrochemicals
• Food Additives
• Homecare Surfactants
• Water Management Chemicals
• Leather and Textile Chemicals
• Construction Chemicals
• Lubricant and Fuel Additives
• Pulp and Paper Chemicals

Geographic Segmentation

• APAC
• Europe
• Latin America
• Middle East and Africa
• North America

Market Share Analysis
• APAC (Degree of competition and fragmentation of vendors in the region)
• Europe (Degree of competition and fragmentation of vendors in the region)
• Latin America (Degree of competition and fragmentation of vendors in the region)
• MEA (Degree of competition and fragmentation of vendors in the region)
• North America (Degree of competition and fragmentation of vendors in the region)

Specialty Chemicals Market - Market Size and Dynamics
Specialty chemicals is expected to account for a little under a billion US$ by 2021. As of 2015 specialty chemicals still account for less than 25 percent of the worldwide chemical output which was valued at a little over $4 trillion. Specialty chemicals as of date are priced higher than the standard commodity chemicals because of the specific application for these chemicals. Furthermore, these chemicals need to confirm to very strict environmental regulations and as such need to be of the highest quality. The price of these chemicals will continue to be higher than the standard commodity chemicals considerably as it is expected that there will be more niche applications for these chemicals by the end of the forecast period.

Focused players in the Specialty Chemicals market - Changing competitive landscape driving the market
The application of specialty chemicals is specific to the chemical that has been manufactured and cannot be used across multiple applications as is the case with commodity chemicals. As such, specialty chemicals cannot be manufactured in large volume unless there is a concrete demand for these chemicals. In such a scenario, it was always the larger players that would dominate this market as they had the resources and could target their already large customer base. The competitive landscape has changed with a number of several specialty chemical players and commodity players integrating vertically or horizontally to make the best of this high-growth chemical market. The bargaining power no longer rests with the few of the major vendors but rather is being challenged by the rise of niche players who aspire to be the market leaders in their particular segments. These focused players constantly stave off competition and commoditization of the industry by aggressively investing in R&D to improve their product capabilities.

Regulatory requirements - specialty chemicals to help address various regulatory and environmental concerns
Specialty chemicals are being used in fuel and lubricant formulation on account of them playing a major role in controlling viscosity, lubricity and thus chemical breakdown and contaminant generation during the use of combustion engines. Environment regulators across the world emphasize on reduced automotive and industrial emissions, there has been a growing need for energy-efficient combustion engines and environment-friendly fuels and lubricants. In order to constantly comply with the stringent emission standards, refiners and lubricant formulators are increasingly relying on innovative chemical compounds that can not only reduce harmful emissions but can also prolong the lifecycle of the combustion engines. Thus these compounds play a significant role in saving billions of dollars that otherwise would have been incurred in wear and tear of engine and industrial spares.

APAC region leading the Specialty Chemicals market- Vast market potential in the APAC region driving the growth for specialty chemicals market
The region’s chemical industry has grown at an impressive rate of over 6 percent over the past five years with the specialty chemical industry posting even a higher growth of more than 7 percent. On account of cheap factors of production, progressive government policies and huge domestic consumption, the region is the hub for chemical manufacturing, as the leading chemical companies across the world set up their manufacturing locations in the region. While the developed markets in Europe and North America are unable to keep pace with the growth of emerging markets of Asia, these markets are growing both in consumption size and purchasing power. The region is expected to account for a little less than US$ 500 million by 2021 in the specialty chemicals market.

Specialty Chemicals Competitive Landscape - Market Share
Companies that are changing the landscape of the market include Akzo Nobel, Ashland, BASF, DOW, DSM, DuPont, Eastman, Evonik Industries, Exxon Mobil, Henkel, Huntsman, Lanxess, SABIC, Solvay and Sumitomo Chemical.
The scope of the research report is as follows

The study will provide the market size of the Speciality Chemicals market in 2015 as well as provide the expected revenue to be generated till 2021.
Details as to the various segments within the Speciality Chemicals market that are contributing to the revenue of the overall market will be provided by the individual regions
The study will provide the regional segmentation of the revenue generated from the market by the following regions
APAC
Europe
Latin America
Middle East and Africa
North America
Timeline of the study is as follows
Base Year: 2015 (Actual figures)
Forecast Period: 2016-2021 (Forecasted figures)Why should you buy this study?
Speciality chemicals are those specific chemicals that are used for a single or a very limited number of applications. Commodity chemicals on the other hand can be used for a variety of applications and hence, when the commodity chemicals are manufactured in large volumes, there is no problem as there is always a market for these chemicals. The situation today however is very much different. There are a number of companies today that are targeting the speciality chemicals potential and this is possible because of the various factors that have contributed to this growth.

The study will tell the reader how the market has been performing over the last few years and how it is expected to perform over the next five years. Detailed analysis of the performance of the market is provided thereby providing the reader with key insights into what is taking place and how the market is being affected, both positively and adversely. Further to this, the speciality chemicals market is one where companies need to be aware of high potential applications in order to tap them today.

In short, the study will provide a holistic view of the speciality chemicals market, which are the companies that are involved in the production and what are the factors that contribute to this market. The report will also provide information on what are some of the trends that have started to surface and are expected to be a strong driving force in the market over the next five years.
Table Of Contents
Section 1 Research Methodology
Section 2 Executive Summary
Section 3 Scope of the Report
3.1 Research coverage and methodology
3.1.1 Definition of key terms
3.1.2 Definition of key geographies
3.1.3 Currency exchange rates
Section 4 Market Size Estimation
4.1 Limitations of the report

Section 5 Market Landscape
5.1 Introduction to the market
Section 6 Key Market Trends
Section 7 Key Market Growth Drivers
Section 8 Key Market Restraints

Section 9 Market Landscape Worldwide Specialty Chemicals Market
9.1 Market size and forecast
Section 10 Specialty Chemicals Segmentation by Geography
10.1 Geographical mix
Section 11 Specialty Chemicals Market in APAC
11.1 Specialty chemicals in China-segmentation, market size and forecast
11.2 Specialty chemicals in Japan- segmentation, market size and forecast
11.3 Specialty chemicals in India-segmentation, market size and forecast
Section 12 Specialty Chemicals Market in Europe
12.1 Specialty chemicals in Germany-segmentation, market size and forecast
12.2 Specialty chemicals in France-segmentation, market size and forecast
12.3 Specialty chemicals in Italy-segmentation, market size and forecast
Section 13 Specialty Chemicals Market in MEA
Section 14 Specialty Chemicals Market in North America
14.1 Specialty chemicals in US-segmentation, market size and forecast
14.1 Specialty chemicals in Canada-segmentation, market size and forecast
Section 15 Specialty Chemicals Market in Latin America

Section 16 Segmentation by Application
16.1 Paints and Coatings
16.2 Polymers and Plastic Additives
16.3 Agrochemicals
16.4 Food Additives
16.5 Homecare Surfactants
16.6 Water Management Chemical
16.7 Leather and Textile Chemicals
16.8 Construction Chemicals
16.9 Lubricant and Fuel Additives
16.10 Pulp and Paper Chemicals
16.11 Others

Section 17 Competitive Landscape
17.1 Porter’s five forces analysis of the Market
17.2 Overview of competition
17.3 Market share analysis
17.4 News and developments
17.5 Mergers and acquisitions

Section 18 Key Vendor Analysis
18.1 BASF
18.1.1 Introduction
18.1.2 Specialty chemicals portfolio
18.1.3 Key strengths
18.1.4 Key strategy
18.1.5 Key opportunities

18.2 DOW
18.2.1 Introduction
18.2.2 Financial performance
18.2.3 Key strengths
18.2.4 Key strategy
18.2.5 Key opportunities

18.3 Akzo Nobel
18.3.1 Introduction
18.3.2 Financial performance
18.3.3 Specialty chemicals portfolio
18.3.4 Key strengths
18.3.5 Key strategy
18.3.6 Key opportunities

18.4 DuPont
18.4.1 Introduction
18.4.2 Financial performance
18.4.3 Specialty chemicals portfolio-key products
18.4.4 Key strengths
18.4.5 Key strategy
18.4.6 Key opportunities

18.5 Lanxess
18.5.1 Introduction
18.5.2 Business units
18.5.3 Financial performance
18.5.4 Specialty chemicals portfolio
18.5.5 Key strengths
18.5.6 Key strategy
18.5.7 Key opportunities

Section 19 Other Vendors With Prominent Presence
19.1 Solvay
19.1.1 Introduction
19.2 Eastman
19.2.1 Introduction
19.3 Huntsman Corporation
19.3.1 Introduction
19.4 SABIC
19.4.1 Introduction
19.5 Evonik Industries
19.5.1 Introduction
19.6 ExxonMobil
19.6.1 Introduction
19.7 DSM
19.7.1 Introduction
19.8 Ashland
19.8.1 Introduction
19.9 Henkel
19.9.1 Introduction
19.10 Sumitomo Chemical
19.10.1 Introduction

Section 20 Appendix
20.1 List of abbreviations
20.2 Summary of figures