Posted in | Chemistry

Stringent Health and Environmental Regulations Pose a Challenge to Global Specialty Chemicals Market

Research and Markets has announced the addition of the "Global Specialty Chemicals Market 2014-2018" report to their offering.

Many SMEs involved in chemical manufacturing are effective in the production of specialty chemicals for niche markets, though they lack in logistics for manufacturing specialty chemicals in bulk. Since the Specialty Chemicals market is highly fragmented, the key players are trying to gain more market share through the mergers and acquisitions of smaller firms. This trend will help the large vendors to grow and improve their networks at a faster pace. Moreover, the mergers and acquisitions strategy will help the bigger players to penetrate the markets in the emerging economies of Latin America and the APAC region.

Global chemical manufacturers that have a large geographic presence, diversified product portfolio, and technical expertise for providing VAS are preferred by large industrial consumers. The mergers and acquisitions strategy serves all three main purposes of improving efficiency, diversifying product portfolio, and expanding the vendors' geographic presence. Although there were relatively fewer mergers and acquisitions in 2013, the trend of mergers and acquisitions is expected to continue in the high growth areas of Latin America and the APAC region in the near future.

According to the report, one of the major drivers in this market is the growing demand for specialty chemicals in the rapidly developing countries of the APAC region.

Further, the report states that one of the major challenges in this market is that the health and environmental regulations are becoming more and more stringent. Such rules translate into increased compliance costs for the manufacturers.

Key vendors dominating this space are:

  • 3M Company
  • AkzoNobel NV
  • Arkema SA
  • BASF SE
  • Bayer AG
  • Clariant AG
  • Dow Chemical Co.
  • Evonik Industries Inc.
  • Ecolab Inc.
  • E. I. du Pont de Nemours and Co.
  • Henkel AG & Co. KGaA
  • Koninklijke DSM NV
  • PPG Industries Inc.
  • Solvay-Rhodia
  • aSyngenta AG

Other vendors mentioned in the report are:

  • Ashland Inc.
  • Avery Dennison Corp.
  • DIC Corp.
  • Eastman Chemical Co.
  • Givaudan SA
  • Honeywell International Inc.
  • Huntsman Corp.
  • Lonza Group
  • Lubrizol Corp.
  • Merck KGaA
  • Momentive Performance Materials Holdings Inc.
  • Monsanto Co.
  • RPM International Inc.
  • Sherwin-Williams Co
  • Shin-Etsu Chemical Co. Ltd.
  • Toray Industries Inc.
  • Valspar Corp.
  • Wacker Chemie AG.

Key questions answered in this report:

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

For more information visit http://www.researchandmarkets.com/research/vgddgh/global_specialty

Source: http://www.researchandmarkets.com/

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