Top 5 Specialty chemical products in the World

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  • Published date: April 16, 2021
    • New Delhi, Delhi, India [ Ad Id - 127074 | Ad Views - 51 ]

Global market for special chemical products

In 2011, the global market revenue of special chemical products was US $76.5 billion, and CAGR from 2007 to 2011 was 2.7%. The market is expected to reach $98billion by the end of 2016. These professional products include pesticides, specialty polymers, electronic chemicals, surfactants, building chemicals, industrial cleaning agents, flavors and fragrances, professional coatings, inks, water-soluble polymers, food additives, paper chemicals, oilfield chemicals, plastic adhesives, adhesives and sealants, cosmetic products, cosmetic chemicals, water management chemicals, catalysts, and spinning. Textile chemicals.

In 2012, the world's top five specialty chemicals were special polymers, industrial and institutional (I&I) detergents, building chemicals, electronic chemicals, flavors and spices. The market share of these segments is about 36%, and the top 10 segments account for 62% of the total annual sales of special chemical products.

Professional chemical company

The special chemical products market is complex. Each special chemical business segment includes many segments, each of which has a personalized product, market and competitive overview. This brings a wide range of business needs and opportunities, so there are a large number of professional chemical companies around the world. Many of these companies are small and medium-sized enterprises, with their niche products and sometimes focused on technology. Bloomberg, the global provider of business and financial information, has identified common stocks in more than 400 specialty chemicals companies around the world. There are more private specialty chemicals companies that are not listed in the global stock market.

The 10 largest specialty chemicals companies in Europe are BASF, AkzoNobel, Klein, Evonik, Kony, Kemira, lonsheng, Rodia, wack and Croda. By definition, the production of special chemicals is relatively low, but they account for 28 per cent of the EU's chemical sales.

The top 10 Specialty Chemicals Companies in the United States are Lubrizol Corporation, Huntsman, Ashland, Chemtura, Rockwood, Albemarle, Cabot, W. R. grace, ferro Corporation and Cytec industries.

India's emergence as a manufacturer and supplier of special chemicals has had a significant impact on the global specialty chemicals industry. In India, many professional chemical companies are members of national organizations, such as the Indian chemical Council (ICC) and the Indian Association of professional chemical manufacturers (iscma). These companies have a wide range of capabilities to expand to all industries and sub industries in the specialty chemicals market.

There are 1300 Specialty Chemicals Companies in the UK with an annual turnover of £ 11.2 billion. These British companies' products are sold globally and have made a significant contribution to the UK's export trade. The chemical industry exports more than £ 30billion, which is the only net export manufacturing industry in the UK, with a large proportion of special chemicals. Products include dyes, paints, explosives, adhesives, flavors and fragrances, photographic chemicals, non recording media and various industrial special-purpose products. Unlike ordinary chemical manufacturers, specialty chemical manufacturers are less dependent on large infrastructure, so they can find Specialty Chemicals Companies in almost all parts of the UK. About 80 per cent of the UK's chemical industry is based in the north of the country, so there are specialized chemical companies concentrated in Yorkshire and are members of the nepic in northeast England.

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