Worldwide Market for Specialty Chemicals to Reach $483.7 billion in 2011
August 19, 2011
FARMINGTON, Conn, Aug. 19, 2011 /PRNewswire-iReach/ -- Global Information Inc. presents a new market research report, "Specialty Chemicals – A Global Market Overview" by Industry Experts.
According to the new report, the global market for specialty chemicals is estimated to touch US$483.7 billion in 2011 and further projected to reach US$513 billion by 2012.
The global chemical industry is facing the prospect of a positive future, given the solid economic growth being witnessed in the emerging economies of the world. Recovery in the worldwide chemical industry in 2010 is all set to go into higher gear in 2011 and beyond, with comprehensive increase in volume gains all over. An ongoing economic recovery, coupled with tighter supply/demand balances in major products is expected to bolster profitability even further in coming years that has to potential to lead to a "supercycle" in certain product and geographic areas.
The next couple of years are forecast to witness fast growth in the emerging nations in Asia-Pacific, Africa and the Middle East, Emerging Europe and Latin America. Though China, India and Brazil are to be the major growth areas, countries such as Korea, Singapore and Taiwan would also offer noteworthy growth prospects. Global Specialty Chemicals market is estimated to touch US$483.7 billion in 2011 and forecast to reach US$513 billion by 2012. Growing at a CAGR of 7.1% during the period 2007-2017, the market is further expected to garner US$721.6 billion by 2017.
Major functional areas of specialty Chemicals analyzed in this study include Adhesives & Sealants, Agrochemicals, APIs, Construction Chemicals, Electronic Chemicals, Food Additives, Petrochemical Catalysts, Specialty Films, Textile Chemicals, and Water Treatment. Other key segments analyzed comprise Corrosion Inhibitors, Cosmetic Chemicals, Enzymes, Flame Retardants, High Temperature Polymers, Oil Field Chemicals, Paper Additives and Plastic Additives. The report analyses the market in terms of US Dollars.
The report reviews, analyses and projects the Specialty Chemicals market for global and the regional markets including North America, Europe, Japan, China, Asia-Pacific and Rest of World. The regional markets further analyzed for 4 independent countries across Europe – Germany, France, Italy, the United Kingdom and Rest of Europe.
The study also provides the listing of the companies engaged in research, technology development, manufacturing and the supply of Specialty Chemicals. The global list of companies covers addresses, contact numbers and the website addresses of 1,218 companies.
About Global Information Inc.
Global Information (GII) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
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