Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Specialty Chemicals Market Growth Projections and Opportunities
Automotive industry accounted for substantial part of the global GDP and is also offering a promising future to specialty chemicals. The industry is in a growing phase of its life cycle and is witnessing a high consumption trend for specialty material, especially, in Asia Pacific. The emergence of electronic vehicle and trend for a lightweight vehicle have changed the growth dynamics in this industry. The penetration of specialty chemicals in lightweight vehicle applications as plastic energy absorbers, fenders, front-end modules, instrument panels, steering wheels, headlamp assemblies, throttle bodies has grown gradually and is anticipated to gather pace over the next decade. Average plastic weight in a vehicle has increased by 25% in 2016 as compared to 2010, as a result of numerous incentives and programmes initiated by government and environment concerning agencies across the globe.
On the other hand, plastic is being a game changer in weight reduction process of a lightweight vehicle and is evolved in an application such as glazing, and tailgates, as well as exterior components such as roof racks, wipers, door handles, and rearview mirror assemblies. The trend is expected to continue over the next decade and is likely to gather rapid pace in terms of plastic consumption, which, in turn, is supporting consumption of specialty chemicals
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 600 Billion |
| Market Size Value In 2023 | USD 650 Billion |
| Growth Rate | 5.00% (2023-2030) |
Specialty Chemicals Market Highlights:
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
