Global Specialty Chemicals Markets Overview Report 2021:

2021-12-29 14:44:17 By : Ms. Linda Han

April 26, 2021 04:13 ET | Source: Research and Markets Research and Markets

Dublin, April 26, 2021 (GLOBE NEWSWIRE) -- The "Specialty Chemicals - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.

The report reviews, analyzes and projects the global Specialty Chemicals market for the period 2017-2026 in terms of value in US$; and the compound annual growth rates (CAGRs) projected from 2020 through 2026. The report focuses on COVID-19 impact on the market with concentrating on YOY growth rates for 2019-2020.

Impact of COVID-19 pandemic on Specialty Chemicals market was moderate and the demand declined by about 1% y-o-y in 2020 compared to 2019. All major regions witnessed the negative growth around 2% in 2020, while Asia-Pacific withstand a slight growth of about 1%.

The evolutionary nature of the Specialty Chemicals business has meant that the traditionally dominant regions of North America, Europe and Japan have made way for fast growth in emerging Asian, South America and Middle Eastern & African economies. Asia-Pacific, in fact, is estimated as the largest, as also the fastest growing, global market for Specialty Chemicals.

This growth can be attributed to rapid industrialization, improved standards of living in several developing regions, discernible shift in the global chemical industry's center of gravity towards the Middle East due to the abundant availability of cheap petrochemical feedstocks and Asian markets offering cheap labor coupled with fast economic growth.

For more information about this report visit https://www.researchandmarkets.com/r/p0v8ts