Posts Tagged ‘Water Treatment’
Specialty Chemicals – Market Scenario and Challenges
May 29, 2015Specialty Chemicals are produced or Manufactured for achieving
certain targets and are generally used to enhance the performance of
either manufacturing process or end use products.
Specialty Chemicals are customized to perform Specialized Functions.Applications and Operating Conditions.
There
is also a concerted and channelized Combinatorial Chemistry Approach in
their Synthesis and Development.It involves a dedicated Think Tank to
anticipate an Application,Devise a route of Synthesis and ultimately
develop the same to suit any specific customer or an Application.In the
development of any Specialty Molecule,there arises a need to Think out
of the Box., to expect and orient the same to any particular
application.
The very strength and value of any Specialty
molecule lies in the orientation of the functionalities involved.The
potential of these molecules cannot merely be deciphered in a measure of
Figures or Volumes,but on the significance of their end use or
applications.
Specialty Chemicals can be
segmented by functions including Adhesives and
Sealants,Catalysts,Corrosion Inhibitors,Antioxidants,Flame retardants
and others such as Seperation Membranes,Synthetic Dyes,Specialty
Pigments and Water soluble Polymers..
They can also be segmented by varied applications such as Construction,Electronics,Pesticides,Water Treatment etc.
The
Global Specialty Chemical industry is expected to grow at an estimated
CAGR of 4.5% to grow from around 480 Bn USD in 2011 to around 610 Bn USD
in 2016.
The Pesticide segment occupied the largest part of global Specialty Market.ie.11% of the overall Specialty Market.
This segment is expected to reach 80 Bn USD in 2016,at a CAGR of 7.6% for the same period.
Alongwith the above,the other growth segments are Advanced Ceramics, Construction Chemicals, Oil Field Chemicals and Textiles.
Growth
in the End User Industry,growth in Asia, increasing scope of
applications, focus on innovations to produce efficient and safe
chemicals remain the key drivers for the Specialty Chemicals market.
Rising Cost of Raw Materials, regulatory issues and environmental concerns are the key challenges for the industry.
The Global Specialty Chemicals market is dynamic,due to wide scope of applications and the overlap of many chemicals across various segments.
The
Global Specialty Chemicals market report covers major technological and
market trends,forecasting and key industry developments such as new
product launches,mergers and acquisitions.
The report provides a very deep insight to the Specialty Chemicals market in the US, Europe, Asia, Africa and Latin America.
It also covers the Global Scenario including Structure and Profiles,Competitive land Scape and Patents.
This reveals key market trends which can be strategically useful and actionable for the stake holders.