Technavio market research analysts foresee positive growth for many segments of the specialty chemicals industry in the next five years. In their recent findings, Technavio talks about three booming markets under the specialty chemicals industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global Solvent Market 2016-2020
The global solvent market is projected to experience significant growth during the forecast period owing to the growth of the global construction market.
The key application area of solvents is in the construction sector, and its increasing use in the construction of residential buildings and complexes is propelling the demand for solvents in the global market. The demand is especially high in the emerging markets of Asia and Africa. Fueled by the easy availability of labor and abundant petrochemical feedstock, APAC is expected to dominate the global market for solvents during the forecast period 2016-2020. Request a sample report.
Global Specialty Chemicals Market 2016-2020
The report covers the present scenario and the growth prospects of the global specialty chemicals over the next four years.
The growth of the global market for specialty chemicals is driven primarily by increased urbanization in BRIC countries. Urbanization in BRIC countries is propelling the growth of industry segments such as construction, healthcare, electronics, automotive, metals, energy, and polymers markets, which constitute the key end-users of specialty chemicals. According to the analysts at Technavio, the global specialty chemicals market is anticipated to experience growth a CAGR of more than 5% between 2016 and 2020. Request a sample report.
Global Construction Chemicals Market 2016-2020
The global construction chemicals market is likely to surpass USD 55 billion in revenue by the end of the forecast period 2016-2020.
The growth of the global market for construction chemicals is likely to be fueled by the demand for construction chemicals for repairing old buildings and monuments, and the investments in new construction projects. Currently, APAC is the dominant revenue generating geographical segment and is anticipated to continue its market domination throughout the forecast period.
Technavio analysts identify BASF, Mapei, RPM, Sika, and W. R. Grace & Co as the dominant vendors in the global market for construction chemicals. Request a sample report.
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