Create your own screens with over 150 different screening criteria. The 5 biggest challenges of specialty chemicals industry 1. Welcome to isc your complete wastewater treatment solutions provider and chemicals supplier. Specialty chemicals market size and share industry. The plastics industry contains some overlap, as most chemical companies produce plastic as well as other chemicals. Speciality chemicals also called specialties or effect chemicals are particular chemical products which provide a wide variety of effects on which many other industry sectors rely. Specialty chemicals market size, share, outlook industry. The global specialty chemicals market size was estimated at usd 1.
Historical facts say that term speciality has arisen since around 100 years back. Construction chemicals report and market outlook ihs. The global demand for specialty chemicals market is expected to grow at a cagr of 5. Some specialty chemical companies are trying to raise barriers to entry into their markets by becoming more service oriented. The indian chemical industry comprises primarily of three key segments. Leaving aside the greater allure of the chinese market, many international chemical companies have in the past chosen to take a pass on india. Specialty chemicals market size, share industry growth. Aerospace specialty chemicals leisure entertainment real estate financial services manufacturing investments our ultrahightemperature fibers provide protection. In 2016, the chemical industry accounted for nearly half of construction spending in u.
Currently this sector of chemical industry is categorized into many sectors. For instance, company performance in sectors such as textile dyes, pigments, and leather chemicals has been impacted in the past few years by issues in their enduse. Whenever over the past decade we have examined the chemical industrys capitalmarkets performance, a very similar picture has emerged. Recent market research statistics suggest that specialty chemicals market is growing.
Specialty chemicals, which comprise low volume, high value chemicals with specific applications, constitute a significant part of the indian chemcial industry. The growth rates of these products are approximately one to three times gdp, priced over a dollar per pound. Our collection of reports and the annual specialty chemicals industry overview offer indepth coverage of specialty chemicals from a global perspective, while addressing. China accounted for about 35% of the total value of specialty construction chemicals, followed by western europe and north america. Specialty chemicals are by definition low volume and high value. As a result, the specialty chemicals industry is becoming more commoditylike in some areas as companies sell certain products on price rather than on performance. See a list of specialty chemicals using the yahoo finance screener.
Specialty chemicals market size and share outlook by 2019. Speciality chemicals are recently developed and emerging sector in worlds chemical industry. Until the global economy moves back into a period of greater stability, we expect that many chemical companies will increasingly focus on the stability and value that these downstream markets afford. Chemicals solutions drive digital transformation, optimize manufacturing processes and streamline critical assets with opentext chemicals solutions industry overview chemicals companies, including manufacturers and distributors of basic, specialty, consumer and agricultural chemicals, face challenges that impact short and longterm growth. Aerospace specialty chemicals leisure entertainment real estate. The 5 biggest challenges of specialty chemicals industry. Specialty chemicals market growth, trends, and forecast. Specialty chemicals is driven by increased demand in enduser industries. Level and trend of specialty chemicals industry profit margins medium risk. Click file to browse to your image make sure tile picture as texture is ticked specialty chemicals unleashing an industry leader march 2018 early look meetings. Page 2 06 june 2017 chemicals trends analyzer specialty chemicals global chemicals outlook 2030. Chemguard fluorosurfactant specialty chemicals are suitable for use in a wide range of industrial and manufacturing applications.
The large number and wide spectrum of chemical products can be classified. Since youve asked for specific examples, ill give three. The asiapacific region remains the largest market for specialty chemicals, in terms of value followed by north america. This report covers 29 specialty chemical segments, which are categorized either as marketoriented products used by a specific industry or market, such as electronic chemicals or oil field chemicals, or functional products groups of products that serve the same function, such as adhesives, antioxidants, or biocides.
Chemical distribution market size, share industry report, 2027. For example, in germany or japan, the automotive industry accounts for a large share of the chemicals consumed, whereas in brazil, it is the agriculture and pulp and paper industries. According to the report, global specialty chemicals market was valued at around usd 345. Interview with indian specialty chemical manufacturers association 15. Specialty chemicals introduction chemical industry is growing and developing but it is facing several challenges as well. Basf catalyst technologies play a crucial role in the manufacture of a wide range of fine and specialty chemical products including flavor and fragrances, herbicides and pesticides, resins, pigments and dyestuffs, pharmaceuticals, and plastic and rubber additives.
China is the largest consumer of specialty chemicals, accounting for 25% of the 2018 market. Specialty chemical industry top 5 challenges authorstream. The activities of chemicals companies reflect these industry trends including business. The chemical industry comprises the companies that produce industrial chemicals.
While the overall indian chemical industry has grown 1012% annually, the specialty chemicals business has grown at about 14%. As clariant serves a broad mix of industries, the company has a good. The producers of the chemical products are facing tremendous pressure in maintaining the margin of profit. The 19month period between december 2007 and june 2009, recognized as the great depression, hit a. The products include dyestuffs, paints, explosives, adhesives, flavors and fragrances, photographic chemicals, unrecorded media and various industrial. We also expect that china will play a major role in this global chemical industry shift in focus from commodity chemicals to specialty chemicals in 2016 and. Overview of the specialty chemicals industry specialty. Specialty chemicals in the oil field achieving greater oilfield efficiency and productivity depends on wellsite operations that costeffectively maximize re c o v e r y of oil and gas re s e r ves, while minimizing the impact on the e n v i r onment. Importing and storing low volumes could make the specialty chemicals uncompetitive. Here are top 5 major challenges faced these days by this industry.
The construction industry contributes about % to the global gdp, and is one of the most important elements of every economy. The global chemical industry has been through a period of dramatic change over the last. Chemical distribution market size, share industry report. This will not be an even playing field, as there will be the natural owners with feedstock, asset, and balance sheet advantages and differentiated commodities companies, both of which will present challenges to the new. Specialty chemicals to drive the us chemicals industry gep. Since the competition is stiff as it is in any other industry the manufacturers have to be on their toes. Jun 06, 2016 the 5 biggest challenges of specialty chemicals industry 1. Almost 55% of the world consumption of specialty chemicals went into only four enduse industries. Since the competition is stiff as it is in any other industry, the manufacturers have to be on their toes. The chemical industry is entering a phase where every chemical company should likely decide what they want to be. The global chemical distribution market size was valued at usd 239 billion in 2019 and is expected to register a cagr of 5.
Countryspecific industry composition adds significant. Specialty chemicals industry five year development plan 20122017 7. Specialty chemicals on industrynet free supplier list. The search for stability and value in the 2016 global. Over the last decade or so, demand for specialty chemicals has been somewhat subdued, with overall profitability taking a hit due to a more competitive environment. Central to the modern world economy, it converts raw materials oil, natural gas, air, water, metals, and minerals into more than 70,000 different products. Whether you need a complete and focused solution, or only the unique chemistries that solve your specific wastewater treatmentchallenges, isc can help we use an integrated approach, and specialize in solving your most difficult wastewater treatmentproblems economically. High population growth in developing regions has resulted in increasing food security concerns due to shrinkage of agricultural land. Specialty chemicals market size and share outlook by.
Tata strategic management group, techsci research major segments of the indian chemical industry chemicals. Some of the categories of speciality chemicals are adhesives, agrichemicals, cleaning materials, colors, cosmetic additives, construction chemicals, elastomers, flavors, food additives, fragrances, industrial gases. India chemicals 2019 introducing indias chemical industry 8. The contributions of americas chemistry industry extend to the benefits. Overview of the specialty chemicals industry report.
Overall, the chemicals industry in the us has been growing since 2016, backed by the solid performance of the specialty chemicals segment. The asiapacific region dominated the specialty chemicals market, and is likely to retain its position during the forecast period, due to robust growth of the construction sector, increasing demand for cosmetic products, growing investment and production in the increasing electrical and electronics industry output, increasing demand for adhesives and plastics from the packaging industry, and. As from december 22, 2017, the specialty chemicals business is classified as held for sale and discontinued operations for akzonobel. Specialty chemical industry trends, market research. Specialty chemicals being one of the chief chemical product faces several challenges, independent of the competitive pressures in the commodity sector. Overview of the specialty chemicals industry report and. Going forward, the industry is expected to hit growth rates of about 4%, backed by the specialty and performance chemicals industry. The 19month period between december 2007 and june 2009, recognized as the great depression, hit a body blow to the specialty chemicals industry. Specialty chemicals market size and share industry analysis. What are the most common specialty chemicals fine chemicals.
We helped a major specialty chemicals company develop a comprehensive growth strategy for one specific customer industry, which had up to that point been scattered across its portfolio. Therefore, specialty chemicals is reported as discontinued operations for akzonobel revenue development fy 2017 % revenue up 5% excluding currencies volume growth for all business units and all regions. Chemguard fire suppression and specialty chemicals. Increasing consumption of chemicals across enduse industries such as construction, pharmaceutical, polymers and resins coupled with high complexity in reaching the customers is likely to drive the opportunities for chemical distributors over. The specialty chemicals update program scup can give you the independent and unbiased business insight you need to better understand the specialty chemicals industry. Unparalleled in their wetting and leveling power in both waterbased and solventborne systems, our powerful fluorosurfactants can achieve low surface tension, high wetting, and excellent thermostability. Key credit factors for the specialty chemicals industry. If a country does not have a strong basic chemical industry and focuses only on specialty chemicals, then the raw materials would have to be imported. Global chemicals market is expected to grow at a compounded annual growth rate of 3. Specialty chemicals market growth, trends, forecast. Mckinsey on chemicals improving pricing and sales execution in chemicals 40 kickstarting organic growth 46 capturing the lean energy opportunity in chemical manufacturing 32 a capitalmarkets perspective on chemical industry performance 10 chemicals changing competitive landscape 4 innovation in chemicals.
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