Specialty Chemicals Market Demand & Industry growth by 2028, Fortune Business Insights™
According to Fortune Business Insights™, The global specialty chemicals market size is projected to reach USD 882.6 billion by 2028, exhibiting a CAGR of 4.7% during the forecast period. The market’s value stood at USD 627.7 billion in 2020 and is expected to hit USD 641.2 billion in 2021.
List of Key Players Profiled in the Specialty Chemicals Market Report
· The Lubrizol Corporation(US)
· Croda International Plc (UK)
· Kemira Oyj (Finland)
· Akzo Nobel N.V. (Netherlands)
· Evonik Industries AG (Germany)
· Albemarle Corporation (US)
· Huntsman International LLC (US)
· LANXESS AG (Germany)
· BASF SE (Germany)
· Clariant AG (Switzerland)
· Solvay AG (Belgium)
Solvay Launches New Line of High-Performance PPA Compounds
Specialty chemicals giant Solvay released Amodel Supreme PPA, its new suite of high-performance PPA (polyphthalamide) compounds in April 2021. Formulated to serve complex e-mobility and metal replacement applications, Amodel Supreme promises to deliver superior performance for systems that demand exceptional electrical, mechanical, and thermal properties. With its outstanding features, the application range of this product covers components for telecommunication equipment, electric & electronic devices, housings for high-temperature electrical connectors, and electrically powered units for battery-based motors. The launch of this breakthrough polymer-based family of compounds will enable Solvay to deepen its footprint in the chemical industry.
Acquisition Activities to be the Predominant Expansion Strategies for Key Players
The widening applicability of specialty chemicals is encouraging companies to rapidly expand their market presence. In pursuit of this goal, key players are making strategic acquisitions of other competitors, smaller entities, and financially weaker organizations.
Information source:
https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517