Global Performance Chemicals Market to Exhibit 5.36% CAGR 2016-2020 on Account of Rapid Urbanization in Developing Nations

Published Date : Aug 01, 2016

ALBANY, NY, Aug 01, 2016: A research report, titled “Global Performance Chemicals Market 2016-2020,” has recently been added by to its huge database of research studies. The 73-page research report presents insights into the key growth drivers, restraints, product segmentation, geographical segmentation, and the competitive landscape of the global market. According to the research report, the global market for performance chemicals is projected to register a 5.36% CAGR between 2016 and 2020. The past performance and projected figures of the global performance chemicals market have also been presented in the report with the help of tables, charts, and infographics. 

Performance chemicals are being widely used for specialized applications, focusing on industry-specific requirements. Performance chemicals offer several benefits, due to which they have been gaining popularity across diverse industries. Rapid urbanization in BRICS countries is projected to bolster the growth of the global performance chemicals market in the coming few years. In addition, the growing investments in infrastructure development and construction projects in developing nations are expected to boost the demand for performance chemicals in the next few years. However, the rising environmental and regulatory issues are estimated to hamper the growth of the overall market through the forecast period.

The global market for performance chemicals has been classified on the basis of type into textile chemicals, agrochemicals, polymer additives, industrial and institutional cleaners, surfactants, construction chemicals, food additives, electronic chemicals, specialty coatings, and lubricant and oilfield chemicals. Among these, the agrochemicals segment is estimated to remain in the leading position and account for a 16% share in the global performance chemicals market by the end of 2020. The growing need to improve the crop yield, decreasing arable land, and rising population are some of the key factors anticipated to boost the growth of the market in the forecast period.

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The global performance chemicals market has been categorized on the basis of geography into EMEA, the Americas, and APAC. In terms of revenue, APAC is projected to hold a 41% share in the global performance chemicals market by the end of 2020. The rapid growth of this region can be attributed to the growing industrial activities across diverse sectors such as agriculture, cosmetics, food, and other manufacturing sectors in developing economies. India and China are estimated to contribute extensively toward the growth of the performance chemicals market in APAC through the forecast period.

The research study further offers a detailed vendor reports of the global performance chemicals market, emphasizing on the company profiles, contact information, business policies, financial overview, product portfolio, and recent developments in the market. The leading players operating in the global performance chemicals market are Dow Chemical, Akzo Nobel, Arkema, BASF, and Evonik Industries. Some of the other prominent players mentioned in the research study are Huntsman, Solvay-Rhodia, Clariant, Ashland, and Bayer. A SWOT reports of these players has been provided in the research study to give a clear understanding of the market.

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