- Global Specialty Chemicals Market to Grow at a CAGR of 5.16 percent
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global Specialty Chemicals Market. The report finds increasing VAS from Specialty Chemical Manufacturers driving the growth of this market during the forecast period 2014-2018.
As per research analysis, global chemical manufacturers having a large geographic presence, diversified product portfolio, and technical expertise for providing VAS are the preferred choice for large industrial consumers.
The mergers and acquisitions strategy is serving the main purposes of improving efficiency, diversifying product portfolio, and expanding the vendors’ geographic presence. Although there were relatively fewer mergers and acquisitions in 2013, the trend of mergers and acquisitions will be continuing in the high growth areas of Latin America and the APAC region in the near future.
Speaking on this occasion, one of the senior analysts and co-author if this report said, “The Global Specialty Chemicals market will be growing at a CAGR of 5.16 percent during the forecast period due to the demand from segments such as Electronic Chemicals and Materials, Specialty Fuel Additives, Mining Chemicals, Surfactants, and Engineering Plastics. A majority of the demand for specialty chemicals will be emerging from developing countries such as India, China, and Brazil due to the rise in mining and manufacturing activities, and the increase in electronics and automobile production in these regions.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Specialty Chemicals Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Specialty Chemicals Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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