Specialty Chemicals Market Will Be Worth of Us$ 1,201.1 Bn in 2023, Expanding at a Cagr of 4.7% Between 2015-2023

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Specialty Chemicals Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 - 2023

Published Date

20-Nov-2015

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Manufacturers of Agrochemicals and Other Specialty

Chemicals Moving Focus to Asia Pacific for Better

Opportunities, reports TMR

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Specialty Chemicals Market

REPORT DESCRIPTION

Specialty Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015

- 2023

The information presented in this review is based on a Transparency Market Research report, titled,

“Specialty Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015

– 2023.” The global market for specialty chemicals is expected to expand at a CAGR of 4.7% within a forecast

period from 2015 to 2023. This market is expected to reach US$871.5 bn by the end of 2016 and US$1,210.1

bn by the end of 2023.

Asia Pacific is expected to consistently dominate the specialty chemicals market in terms of demand, owing to

a largely agrarian population with a very high demand for agrochemicals. By the end of 2023, this region is

expected to take up 54.4% of the market volume.

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The product segment of agrochemicals itself is otherwise showing a steady growth rate. It is expected to take

up 13.5% of the market volume. Besides this, there is a high collective demand for specialty chemicals from

water management, nutraceuticals, cosmetic chemicals, printing inks, feed additives, flavors and fragrances,

and a few others. This collective segment is expected to take up 21.5% of the market volume by 2023.

APAC Raises Demand for Agrochemicals, Attracts More Specialty Chemicals...