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Asia-Pacific is estimated to lead the market owing to its rapid economic and industrial growth, especially in the paints and coating industry segment. The growing power sector is fueling demand for higher performance chemicals. As the trend to improve the aesthetic value of constructions and architectures increases, this demands the use of high-performance coatings.
As these coatings are also environment-friendly, there is an increasing trend towards using sustainable products to reduce emissions. This is increasing the need for environment-friendly coatings and water-based coatings.
Also, the increase in furniture production around the globe and revival of the construction industry in countries, such as Germany, France, United Kingdom, Spain, and Sweden are some of the major factors driving the demand for the paints and coating industry.
The electronics market of Asia-Pacific has experienced a surge in the recent past with innovations and advanced technology implementations, driving the specialty chemicals market in the region.
All the above factors, when added up with high development in manufacturing and construction industry, helps the Asia-Pacific region to dominate the market, as these are major consumers of specialty chemicals. Nexeo Solutions, a leader in chemicals and plastics distribution, announced that it would expand its business relationship with Solvay t o distribute home care surfactant and polymer products into the North American market.
Lanxess dropped out of bidding for Akzo Nobel specialty chemicals unit.The tube is lightweight and highly portable and provides water on demand, on site.
There were many things we liked about it, but one of the things that really impressed us was the way it dealt with the different water pressures one has to cope with, so th.
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The specialty chemicals market is expected to register a CAGR of % during the forecast period of - Asia-Pacific is estimated to lead the market owing to its rapid economic and industrial growth, especially in the paints and coating industry segment.
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