The report “Specialty Chemicals Market by Type (Pesticides, Construction Chemicals, Specialty Oilfield Chemicals, Food Additives, Specialty Polymer and Others), by Function (Antioxidants, Biocides, Surfactants, and Others) - Global Trends & Forecasts to 2020” , defines and segments the specialty chemicals market with an analysis and forecast for types, and functions, in terms of value.

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On the basis of type market: The specialty chemicals market is segmented by type of specialty chemicals, such as advanced ceramic materials, construction chemicals, electronic chemicals, food additives, mining chemicals, oilfield chemicals, pesticides, plastic additives, printing inks, rubber processing chemicals, specialty paper chemicals, textile chemicals, specialty surfactants, specialty polymers, and water management chemicals. Each of these types has been further described in detail in the report with revenue forecasts as well.

On the basis of function: The specialty chemicals market is segmented by functions, such as antioxidants, biocides, catalysts, enzymes, separation membranes, specialty coatings, and specialty pigments, among others. Each function is further described in detail in the report with revenue forecasts as well.

On the basis of region: The specialty chemicals market by type and application is segmented by key regions—Europe, North America, Asia-Pacific, and Rest of the World.

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“Specialty coatings and surfactants to be the largest functions for the specialty chemicals market”

Specialty chemicals by functions range from antioxidants, biocides, catalysts, enzymes, separation membranes, specialty coatings, specialty pigments, surfactant, rheology modifier, demulsifier and others. Specialty coatings and surfactants collectively accounted for 27.19% share in terms of value in 2014.

“Pesticides to continue to dominate the market”

Pesticides are the major type of specialty chemicals. They capture a major market share of 15.81% of the total specialty chemicals market in 2014. The factors contributing towards the growth of pesticides market are decreasing arable land, growing population, and the need for improvement in crop yields. North America accounted for around 35.32% of the global market in 2014.

“Construction chemicals to register the highest growth”

Construction chemicals are the major type of specialty chemicals, and are expected to witness the highest growth rate of 8.63%, from 2015 to 2020. The demand for construction chemicals is increasing on account of the growing construction sector in the major emerging economies such as China, India, South Korea, and Brazil.

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