The specialty chemicals market is anticipated to exhibit a CAGR of 4.9% during the forecast period. The growing use of specialty chemicals in the end-user industries is a key factor driving the global specialty chemical market. Cement manufacturing, concrete production, corrosion inhibition, coating, and paints are the key applications of specialty chemicals in the construction industry. In cement production, specialty chemicals are used as a combustion agent, fuels, gypsum, and set controller. In concrete, these are used to prepare chemical admixture and superplasticizers such as RMC, SCC, and RPC. As a corrosion inhibitor, they are used as accelerator, retarders, and freeze-thaw agents.
Browse the full report description of "Global Specialty Chemicals Market Size, Share & Trends Analysis Report By Product Type (Agrochemicals, Cleaning Chemicals, Construction Chemicals, Electronic Chemicals, Food Additives, Adhesive & Sealants, Specialty Coatings, Surfactants, Paper & Textile Chemicals, Lubricants & Oilfield Chemicals, Polymers & Plastic Additives, Others) Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/specialty-chemicals-market
The outlook of the construction industry appears upbeat, consequently increasing the demand for specialty chemicals, globally. According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to reach a value of $8.0 trillion by 2030, primarily driven by China, India, and the US. In Europe, the construction industry has witnessed a solid growth rate and is estimated to record significant growth in the next few years. Hence, from the rapidly growing construction activities in the above countries, the demand for specialty chemicals will increase which in turn will drive the growth of the global specialty chemical market.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Specialty Chemicals Market report Segment
By Product Type
Global Specialty Chemicals Market report Segment
North America
Europe
Asia-Pacific
Rest of the World
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