Asia-Pacific (APAC) Specialty Chemicals Market Highlights The Competitive Scenario Of The Market, Major Competitors And Benchmarking

CITY, Country, 2019-Jul-24 — /EPR Network/ —On the basis of type, the APAC specialty chemicals market is categorized into agrochemicals, construction chemicals, specialty coatings, surfactants, food additives, polymer additives, electronic chemicals, cleaning chemicals, plastic additives, paper and textile chemicals, adhesives and sealants, lubricants and oilfield chemicals, and others. The other types include advanced ceramic materials, rubber processing chemicals, water treatment chemicals, and mining chemicals. Of these, the fastest growth during the forecast period is expected from construction chemicals, with a CAGR of 7.4%. This can be attributed to the increasing domestic demand for residential and commercial buildings from the massive population of the region

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APAC SPECIALTY CHEMICALS MARKET SEGMENTATION

By Type

Agrochemicals

Construction Chemicals

Specialty Coatings

Surfactants

Food Additives

Polymer Additives

Electronic Chemicals

Cleaning Chemicals

Plastic Additives

Paper & Textile Chemicals

Adhesives & Sealants

Lubricant & Oilfield Chemicals

Others

By Country

China

By type

Japan

By type

India

By type

Rest of APAC

By type

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.

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Some of the major players operating in the APAC specialty chemicals market are DowDuPont Inc., Ashland Global Holdings 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, and China Petroleum & Chemical Corporation.