The global specialty chemicals market is projected to record an incredible and strong growth in the near future, with certain segments faring particularly better than others due to the expansion mode in the industries companies. Chemicals has provided the north american electronics industry with a full line of high performance chemicals and accessories. The indian chemical industry, which has several characteristics specific to indian context, has evolved from a producer and supplier of basic chemicals to the domestic market in a highly regulated environment to an industry with diverse product portfolio in an open. The reports are also available as pdf, and the tables as xls files. Pdf chemical production modernization in the formative phase of. The global specialty chemicals market size was estimated at usd 1.
In an interaction with prasenjit chakraborty, he highlights on the impact of emerging global trends on the pharma industry, prospects. Central to the modern world economy, it converts raw materials oil, natural gas, air, water, metals, and minerals into more than 70,000 different products. Rapid industrialization in the asiapacific region is supplemented by trade liberalization, the spread of process technology, low labor cost. Adrian beale vp, specialty chemicals, ihs chemical c. Organic chemical industry economic and political weekly. Specialty chemicals market size and share industry. In 2016, india chemicals industry had a market size of usd9 billion. Chemicals identified as persistent, bioaccumulative, and toxic pbt. Specialty chemical industry is one of the innovative, entrepreneurial, and consumerdriven industries.
Chemicals identified as probable or known carcinogens. The demand for specialty chemicals in the asiapacific market is primarily attributed by the rapid industrialization in india, china, japan, south korea, and taiwan. Specialty chemicals introduction chemical industry is growing and developing but it is facing several challenges as well. Rising demand from enduser industries would contribute to the growth of specialty chemicals market in coming years. Indias chemical industry is a global outperformer in returns to.
Chemical industry national environmental baseline report 1990 to 1994 pdf 153 pp, 5. North america specialty chemicals market ranks second, in terms of value which is closely followed by europe. Specialty chemicals are manufactured to meet performance specific requirements. We are committed to continuing to grow and advance these programs. Basfs consolidated financial performance, 2005 09 38 figure 3. Asiapacific is the largest specialty chemicals market. The segments that are gaining a good sustainable and profitable business.
The chemical industry is one of the european unions most internationally. The global textile chemicals market size was estimated at usd 23. Because of her undisputed leadership in organic chemicals, germany by 19 possessed the largest chemical industry in the world and was also the largest exporter with a 40. Chemicals industry overview for coming clean march 2007 report prepared by. Industry estimates indicate that the chemical industry could record a. The biobasedgreen chemicals end markets touch nearly all areas of the chemicals industry, including agrochemicals, polymers, plasticizers, resins, water treatment, lubricants, paint, and health and nutrition. Denmarks chemicals industry is characterized by a variety of innovative companies, especially in the life sciences. Compendium of chemical tools chemical manufacturing. Europes market share to decline as sales in asia grow. This significant growth can be attributed to high demand from the rapidly rising apparel industry.
Soon, electronic commerce interactions in the chemicals industry will need to be richer, offer broader functionality, and encompass the endtoend process of selling productsand they will need to be more customerfocused. Indian chemical industry could grow at 11 per cent p. To move to this next generation of b2b, chemical companies. The survey was fielded in july and august 2014 and included respondents from petrochemicals, agrochemicals, paints and coatings, plastics and fibres, specialty chemicals and basic and intermediate chemicals companies in the united states, germany, france, austria, switzerland. Specialty chemicals industry five year development plan 20122017 7. The specialty chemicals industry, in which clariant is a major global player, provides highvalue and often. Until the global economy moves back into a period of greater stability, we expect that many chemical companies will increasingly focus on the stability and value that these downstream markets afford. Specialty chemicals market growth, trends, forecast. Pdf speciality chemicals an emerging sector researchgate. For external investors, certain segments of the chemical industry, producing liquid differentiated. Ramping up exports in select areas, such as specialty chemicals, to obtain. Key issues lost businesss in the us currently the us remains the major. Page 1 chemical industry principles for regulatory cooperation in the chemicals sector in nafta september 7, 2017 the north american chemical industry1 supports modernizing the north american free trade agreement nafta to upgrade the agreement and build upon the economic partnerships and.
Chemical industry principles for regulatory cooperation in. To remain competitive, these companies must continue to invest in innovation, and the countrys universities must fill a growing need for highly educated engineering professionals. Launched 38 years ago, speciality chemicals magazine is the leading publication dedicated to the fine and speciality chemicals industry. It is still uncertain whether many biobasedgreen chemicals can be developed with the characteristics. The producers of the chemical products are facing tremendous pressure in. They are focusing less on products and more on support. The 5 biggest challenges of specialty chemicals industry. We helped a major specialty chemicals company develop a comprehensive growth strategy for one specific customer industry, which had up to that point been scattered across its portfolio. Our mission is to provide readers with the latest news and features on business, markets and technology. The search for stability and value in the 2016 global. Oecd environmental outlook for the chemicals industry. The chemical industry as a whole remains heavily exposed to economic cycles and pretty much all of the industrys underperformance of the last few years can be put down to the economic turmoil. Integrated pollution prevention and control reference. Specialty chemicals to drive the us chemicals industry gep.
Pdf the object of the research is the investment process of modernization of chemical production. Though commodity chemicals continue to rule the roost, moving forward, specialty chemicals will. Revenue growth index of european specialty chemicals companies, 2005 09 32 figure 3. High population growth in developing regions has resulted in increasing food security concerns due to shrinkage of agricultural land. Drivers and resistors of the specialty chemicals industry 30 figure 2. Globally, the chemical industry recorded sales of c. Specialty chemicals market size and share outlook by. The global economic meltdown led to a weak industrial demand for chemicals, which led to significant regional and global. Recent market research statistics suggest that specialty chemicals market is growing. Posted on november 16th, 2017 by john baker in chemicals industry news and analysis. Specialty chemical industry is an important growth driver for our economy photo. But since chemicals proved to be such an important strategic 6. Fine chemicals are complex, single, pure chemical substances, produced in limited quantities in multipurpose plants by multistep batch chemical or biotechnological processes.
India specialty chemicals market outlook 2018 gives comprehensive insight on following aspects related to booming specialty chemical market in india. Some specialty chemical companies are trying to raise barriers to entry into their markets by becoming more service oriented. Total energy consumption in the eu chemical industry by source 43. There is need to give focus to and provide support to knowledge based segments of the chemical industry namely speciality chemicals.
The plastics industry contains some overlap, as most chemical companies produce plastic as well as other chemicals. The chemical industry is beginning to spend more on basic research again, in the search for stepout innovations. Chemical industry emissions 2006 ipcc guidelines for national greenhouse gas inventories 3. Speciality chemicals are recently developed and emerging sector in worlds chemical industry. Petrochemicals and specialty chemicals accounted for the majority. Specialty chemical industry trends, market research. Glass manufacturing industry gls ceramic manufacturing industry cer large volume organic chemical industry lvoc manufacture of organic fine chemicals ofc production of polymers pol chlor alkali manufacturing industry cak large volume inorganic chemicals ammonia, acids and fertilisers industries lvicaaf. These specialty chemicals comprise lowvolume, highvalue chemicals with specific applications and constitute a significant part of the indian chemical industry. Chemicals are used to make virtually every manmade product and. The 5 biggest challenges of specialty chemicals industry 1. The asiapacific region dominated the specialty chemicals market, and is likely to retain its position during the forecast period, due to robust growth of the construction sector, increasing demand for cosmetic products, growing investment and production in the increasing electrical and electronics industry output, increasing demand for adhesives and plastics from the. Summary of the environmental outlook for the chemicals industry the chemicals industry makes products with many beneficial uses, but they can also have negative impacts on human health and the environment. Since the competition is stiff as it is in any other industry, the manufacturers have to be on their toes.
In part, this is being driven by a need to improve returns from innovation efforts, and in part it is being stimulated by the need for advanced. Overview of the specialty chemicals industry specialty. Historical facts say that term speciality has arisen since around 100 years back. Currently this sector of chemical industry is categorized into many sectors. Chemicals identified as potentially of concern for childrens health e. As a result, the specialty chemicals industry is becoming more commoditylike in some areas as companies sell certain products on price rather than on performance. Page 3 06 june 2017 chemicals trends analyzer global chemicals outlook 2030. Akzonobels consolidated financial performance, 2005 09 48. Responsible care and the global product strategy are key drivers of the chemical industrys environmental, health, safety, security, and sustainability practices. Using realtime monitoring, the company gathered structured data from the extruder sensors as well as unstructured data from maintenance records.
The chemical industry comprises the companies that produce industrial chemicals. Also, they were able to adjust their price points to match industry standards and firm up future strategies based on forecasted price levels. Chemicals products are offered in iata tested and united nations approved high performance shipping cartons, to easily transport all of our products anywhere in the world. Products polymers and plastics, especially polyethylene, polypropylene, polyvinyl. With the help of our specialty chemicals market intelligence solutions, the client was able to quantify the market opportunities and align its strategies to use the growth drivers to its advantage. In 2016, the chemical industry accounted for nearly half of construction. The industry has key linkages with several other downstream industries such as agriculture, infrastructure, textiles, food processing etc.