Asia-Pacific Specialty Chemicals Market, 2013-2018 & 2023 - Market is Projected to Reach $361.0 Billion - ResearchAndMarkets.com
Aug. 21, 2018
DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The "Asia-Pacific Specialty Chemicals Market by Type, by Country - Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
The APAC specialty chemicals market is projected to reach $361.0 billion by 2023
The rapidly growing population; increasing growing middle-class population in the region; and rising industrialization in the field of food, agriculture, cosmetics, and many other manufacturing sectors, are propelling the demand of specialty chemicals in the region.
India to lead the market growth
India is expected to be the fastest growing APAC specialty chemicals market, advancing at a CAGR of 8.2% during the forecast period. The highest growth in the country is attributed to the growing urbanization trend, increasing disposable income, and high demand for enhanced aesthetics in residential infrastructures. Specialty chemicals are used in a variety of industries including automotive, construction, food and beverage (F&B), personal care, and electronics.
Increase in construction activities is laying immense opportunities for market growth
In order to facilitate rapid industrialization and improving lifestyle, almost all APAC countries are focusing on infrastructure development. The infrastructure projects include construction of commercial and residential buildings, hospitals, schools, malls, shopping complexes, warehouse, manufacturing facilities, roads, highways and railroads. Specialty chemicals are used in the construction industry in the form of resins, pigments, surfactants, coatings, paints, varnishes, additives, sealants and adhesives, and others. Thus, increasing construction activities is driving the demand of these chemicals in the region, creating growth opportunities for APAC specialty chemicals market.
Some of the major players operating in the APAC specialty chemicals market areAshland Global Holdings Inc. Dowdupont Inc. Evonik Industries Ag Akzo Nobel N. V. Eastman Chemical Company Lotte Fine Chemical Mitsui Chemicals Inc. Mitsubishi Chemical Corporation Basf Se Clariant Ag Huntsman Corporation China Petroleum & Chemical Corporation
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. APAC Market Size And Forecast
Chapter 6. Competitive Landscape
Chapter 7. Company Profiles
Chapter 8. Appendix
For more information about this report visit https://www.researchandmarkets.com/research/wmxv3f/asiapacific?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005528/en/
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KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 08/21/2018 12:05 PM/DISC: 08/21/2018 12:05 PM