Specialty Chemicals Market to Reach US$1,201.1 bn by 2023, up from US$800.4 bn in 2014 : Transparency Market Research
This report analyzes and forecasts the specialty chemicals market on the global and regional level. The study provides historic data of 2014 along with forecast from 2015 to 2023 based on revenue (US$ Bn).
The study provides a decisive view of the specialty chemicals market by dividing it into product, application, and regional segments. Product segments have been analyzed based on current trends and future potential. The market has been estimated from 2015 to 2023 in terms of revenue (US$ Bn). Regional segmentation includes current and forecast demand for North America, Europe, Rest of Asia Pacific, Latin America, and Middle East & Africa. These regions have been further sub-segmented into countries and sub-regions with relevance to the market. Segmentation also includes demand for individual product type and applications in all regions.
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The study covers drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report comprises opportunities in the specialty chemicals market on the global and regional level.
The report includes detailed value chain analysis to provide a comprehensive view of the specialty chemicals market. Analysis of Porter’s Five Forces Model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications have been benchmarked based on their market size, growth rate, and general attractiveness for future growth.
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The market has been forecast based on constant currency rates. Prices of specialty chemicals vary in each region and are a result of the demand-supply scenario in the region. Individual pricing of specialty chemicals for each product has been taken into account while estimating and forecasting market revenue on the global level. Regional average price has been considered while breaking down the market into product segments in each region.
The report provides the size of the specialty chemicals market in 2014 and the forecast for the next eight years. Size of the global specialty chemicals market has been provided in terms of revenue. Market revenue has been defined in US$ Bn. Market size and forecast for each product segment has been provided in the context of global and regional markets. Numbers provided in the report are derived based on demand generated from different product types of raw materials. Market dynamics prevalent in North America and Europe have been taken into account for estimating growth of the global market.
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Market estimates for this study have been based on revenue. Demand for specialty chemicals has been derived by analyzing the global and regional demand for specialty chemicals in each product segment. The global specialty chemicals market has been analyzed based on expected demand. Market data for each segment is based on revenue. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturers’ feedback and application requirement. Forecasts have been based on expected demand in the specialty chemicals product segment. The global product segment split of the market has been derived using the bottom-up approach, which is cumulative of each region’s demand. Regional demand is the summation of sub-regions and countries in the region. Companies were considered for market share analysis based on their product portfolio, revenue, and manufacturing capacity. In absence of specific data related to sales of specialty chemicals by several privately held companies, calculated assumptions have been made in view of companies’ product portfolio and regional presence along with demand for products in their portfolio.
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players include BASF SE, The Dow Chemical Company, Bayer AG, E. I. du Pont de Nemours and Company (DuPont), INEOS Group AG., Ashland Inc., Clariant AG, Huntsman Corporation, Arkema S.A., Evonik Industries AG, Chevron Philips Chemical Company, Syngenta AG, Albemarle Corporation, Chemtura Corporation, Eastman Chemical Company, Solvay, and Akzo Nobel N.V. Company profiles comprise attributes such as company overview, brand overview, financial overview (in terms of financial year), business strategies, and recent/key developments.
Specialty Chemicals Market - Product Segment Analysis
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