Specialty Chemicals Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2023
140 Page Report
Manufacturers of Agrochemicals and Other Specialty
Chemicals Moving Focus to Asia Pacific for Better
Opportunities, reports TMR
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Specialty Chemicals Market
Specialty Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015
The information presented in this review is based on a Transparency Market Research report, titled,
“Specialty Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015
– 2023.” The global market for specialty chemicals is expected to expand at a CAGR of 4.7% within a forecast
period from 2015 to 2023. This market is expected to reach US$871.5 bn by the end of 2016 and US$1,210.1
bn by the end of 2023.
Asia Pacific is expected to consistently dominate the specialty chemicals market in terms of demand, owing to
a largely agrarian population with a very high demand for agrochemicals. By the end of 2023, this region is
expected to take up 54.4% of the market volume.
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The product segment of agrochemicals itself is otherwise showing a steady growth rate. It is expected to take
up 13.5% of the market volume. Besides this, there is a high collective demand for specialty chemicals from
water management, nutraceuticals, cosmetic chemicals, printing inks, feed additives, flavors and fragrances,
and a few others. This collective segment is expected to take up 21.5% of the market volume by 2023.
APAC Raises Demand for...