Aug 22, 2018   SOURCE: BusinessWire

Asia-Pacific Specialty Chemicals Market, 2013-2018 & 2023 - Market is Projected to Reach $361.0 Billion - ResearchAndMarkets.com

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 are

  • Ashland 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