Global Specialty Chemicals Market to Grow by $131.6bn by 2014

https://www.chemnet.com   Apr 02,2010

　　The global speciality chemicals market is expected to grow from $324.9bn in 2009 to $456.52bn by 2014, according to a recent report by MarketsandMarkets.

　　It will record an estimated CAGR of 7% from 2009 to 2014.

　　According to the report the speciality chemicals market, which is fragmented, is moving towards consolidation with large companies acquiring smaller firms.

　　Companies in the segment are also making improvements in chemical processing technologies to gain a competitive edge through lower product prices and reduced manufacturing costs.

　　Speciality chemicals are value-added products that speed up production processes and also improve the quality of the end product.

　　The speciality chemicals segment holds a 22% share of the overall chemicals industry.

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