Performance Chemicals Market Growth, Trends, Analysis and Forecast

Technavio Announces the Publication of its Research Report – Global Performance Chemicals Market 2016-2020

Technavio recognizes the following companies as the key players in the global performance chemicals market: Akzo Nobel, Arkema, BASF, Dow Chemical, Evonik Industries.

Other Prominent Vendors in the market are: Ashland, Bayer, Clariant, Huntsman, and Solvay-Rhodia.

Commenting on the report, an analyst from Technavio’s team said: “A trend helping to boost market growth is the increased investment in construction and infrastructure development projects in APAC. Emerging economies have observed an increase in urbanization and per capita income levels, which are collectively contributing to the increase in the number of construction projects. The global urban population is anticipated to rise by more than 75% by 2050. There is a rising demand for infrastructure development, residential, and non-residential projects. The global construction market is expected to reach about $12 trillion by 2020. Therefore, with an increase in construction activities, the demand for construction chemicals is also increasing.”

Browse full report with TOC@ https://marketreportscenter.com/reports/319893/global-performance-chemicals-market-2016-2020

According to the report, a key growth driver is the rapid urbanization in the BRIC countries. The end markets for performance chemicals are closely linked to each other and often have an impact on adjoining markets. For example, construction, healthcare, electronics, and automotive markets have a direct effect on metals, energy, and polymers markets.

The customer preferences in these end markets have witnessed significant shifts, with growing demand and stress on sustainable products, processes, and practices. With rapidly urbanizing BRICS economies, the need to factor in sustainable protocols across business functions will drive performance chemicals growth.

Further, the report states that one challenge that could hamper...