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(Health-NewsWire.Net, September 16, 2015 ) Portland, OR -- Specialty Chemicals are used to improve the product performance of various industries. These are used according to their performance and function. The global specialty chemical market is emerging as one of the most promising chemical markets across the world due to their applications in most of the manufacturing industries. The aim of the report is to analyze the present and estimated trends of global specialty chemical market, as the demand for the product is expected to rise. The report provides a comprehensive analysis of the market potential in various industry applications. The study is focused on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.
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The product innovation for the enhancement of safety and efficiency of specialty chemical drives the market. In addition, the growth of its end user industries such as oil, mining, food, textile, etc., maximize the usage of specialty chemicals in these industries. The rising raw material cost of these chemicals prevents manufacturers from bulk production, which ultimately hampers its market growth. Moreover, the Government/environmental regulations for the production of specialty chemicals across various countries hinder its market growth. It has a huge industrial application; therefore, the growth of these application industries due to the economic enhancement would influence the growth of this product market. Moreover, the production of bio-renewable specialty chemicals would boost the market growth as it adheres to the environmental regulations.
Application Market Analysis:
On the basis of its target market/application, the global specialty chemical market is segmented into advanced ceramic materials, Construction chemicals, Electronic chemicals, Food additives, mining chemicals, oil field chemicals, pesticides, plastic additives, printing inks, rubber processing chemicals, specialty paper chemicals, textile chemicals, specialty surfactants, specialty polymers and water management chemicals. The specialty electronic chemical market is one of the emerging markets in this segment. The high purity specialist chemicals are used in electronic applications and fabrications.
Function Market Analysis:
On the basis of function, the market is segmented into antioxidants, biocides, catalysts, enzymes, separation membranes, specialty coatings and specialty pigments. Specialty chemicals are used as pigment and coating that maintain high color strength, meet sustainability requirements and give added durability for a variety of coatings in the architectural, automotive, industrial, and powder coatings sectors.
Geography Market Analysis:
On the basis of geography, the global market is segmented into North America, Europe, Asia Pacific and LAMEA. Major application sectors of specialty chemical such as electronics, chemical and material industries are present in Asia Pacific countries such as South Korea, India, China and Japan. Therefore, the rising demand for specialty chemicals in these industries contributes to the market share of the region.
HIGH LEVEL ANALYSIS:
Specialty chemical market is the emerging field of global chemical segment. This market is facing challenges due to its high raw material cost. This factor is strategically dealt with in the analysis and emphasis is laid on its commercial applications and future market opportunities. The global market is analyzed using Porter’s Five Force model, which would assist the stakeholders to understand the bargaining power of buyers & suppliers, threat of new entrants and competitive rivalry in the market. Due to high switching cost of buyer, the supplier would enjoy high bargaining power and buyer would have low bargaining power. The high raw material cost coupled with stringent environmental regulations associated with the product prevents new entrants to the market. Due to numerous competitors in the market, the intensity of rivalry would be high. The value chain analysis, for specialty chemical market, which would provide key insights to the stakeholders involved in the market, is thoroughly conducted in this study
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COMPETITIVE LANDSCAPE:
The major players dominating the markets are Air Products & Chemicals, Inc., Albemarle Corporation, Air Liquid Holdings, Inc., Ashland Inc., Az Electronic Materials Plc, BASF Se, Bayer Ag, Cabot Microelectronics Corporation, The Dow Chemical Company, Honeywell International, Inc., The Linde Group, Sunedison Llc and Kmg Chemicals, Inc. Air Products & Chemicals has launched OxyForce cellular active which provides high-performance energizing solution to enhance the supply of molecular oxygen to skin cells. The product was launched in Hamburg, Germany.
KEY BENEFITS
The analysis helps in understanding the strategies adopted by various companies for the growth of the global specialty chemical market
The market conditions of this product across all geographic regions are comprehensively analyzed
Porter’s Five Forces model gives an in-depth analysis of bargaining power of buyers & suppliers, threats of new entrants & substitutes and competition amongst the key market players
The drivers and restraints of this market are systematically analyzed and major focus is given towards the present opportunities in this market
The value chain analysis offers key insights to the stake holders of this market
Big Market Research
James Jordan
+ 1-503-894-6022
james@bigmarketresearch.com
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