Market Research Future - Premium Research Reports Speciality Chemicals Market | Page 2
BHS Specialty Chemical
Royce International
Ashland
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Segment Analysis:
Specialty chemicals by functional has been segmented into adhesive, elastomers, flame retardant, water
treatment and others, Adhesive & Sealants accounted for the largest market share of 26.02% in 2015,
projected to grow at the highest CAGR of 5.77% during the forecast period. Elastomers was the second-
largest market in 2015.
On the other hand, the market by end-use the market has been segmented into construction,
agriculture, automotive, electronics and others. Water treatment Chemicals market has been growing at
a faster pace owing to, in developing economies prefer in demand for water is been increasing
tremendously due to usage in irrigation, drinking and industrial usage. Water treatment chemicals are
used in for a wide range of industrial process, Apart from use in potable water, the customer base is
widespread across diverse industries ranging from large power plants, refineries and fertilizer factories
to pharmaceuticals, food and beverages, electronic and automobile companies.
The construction chemical industry in India accounts for only 0.4% of the total construction spend and
has a potential of reaching 1% which is the norm in developed economies. The key products for this
sector would be in the areas of painting and coating materials, reinforcing fibers, admixtures and other
construction chemicals. The key success factor for construction chemical industry would be developing
products and adopting advanced coating, ceiling and reinforcing material like polyurethane base
coating, silicone base and polymer base re-enforcing material.
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