Specialty Chemicals Market | 2019 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive Landscape, Regional And Global Forecast To 2028 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. However, the market growth slumped by 2.8% in 2020 owing to the devastation caused by the COVID-19 pandemic outbreak. With transportation and travel activities heavily restricted to contain the coronavirus, chemical companies and suppliers faced huge inventory shortages, triggering a precipitous drop in sales and revenues. On the flip side, the integral role played by chemical companies in the battle against COVID-19 will prove crucial in the post-pandemic period for them. 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. Mounting Concerns over Food Security Worldwide to Benefit the Agrochemicals Segment On the basis of type, the market has been divided into agrochemicals, dyes & pigments (which held a market share of 22.5% in 2020), construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Among these, the agrochemicals segment is expected to dominate the market on account of the skyrocketing demand for specialty chemicals in the agriculture industry to boost farm yield. The underlying cause for this is the intensifying concerns surrounding food security in many parts of the world, driven by increasing populations and depleting resources. According to the Food and Agriculture Organization (FAO), food production will need to be increased by 70% between 2005 and 2050 to feed the global population, which is projected to surpass 9 billion over the next three decades. Agrochemicals are set to play a significant role in enabling governments and international organizations to meet the productivity requirements in the farming sector. 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. Such acquisitions are empowering players to gain an immovable and enviable position in the market, whilst diversifying their portfolios and strengthening their operations in emerging economies. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517

Chelating Agents Market Could Achieve $5.6 Bn Valuation by 2030 Chelating Agents Market Overview - The global chelating agents market is on a track where it would achieve a 4.12% CAGR during the forecast period (2027-2030) and can effectively surpass a valuation of USD 5.6 billion by the end of 2025. Market Research Future (MRFR) made these claims in their global report on the same market. The global chelating agents market is going to receive a huge boost from the paper & pulp industry and from the detergent industry. Growing demand for chlorine-free bleaching would trigger the intake of chelating agents. It would also get backed by the surfactant industry. In addition, various biodegradable chelating agents are in high demand from several quarters owing to which the chelating agents market would dominate the global market. A surge in competition among various players would contribute to better strategies and a hike in the market outcome. Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/1127 Chelating Agents Market - Prominent Players:- DowDuPont ,Nouryon ,Lanxess AG ,Mitsubishi Chemical Corporation ,Merk KGaA,Zhonglan industry ,Archer Daniels ,Centro Chino ,Tosoh Corporation, and others. Moreover, increasing crop production owinng to growing world food demand will spur market growth. Chelating agents are used in soil application, in order to provide nutrition for increasing productivity of the soil. Growing focus on developing biodegardable chelates has created new opportunities for cheklating agents in house hold & institutional cleaning market. Global cleaning chemicals manufacturers are focusing on providing sustainable solution to its consumers. For instance, global chemical leader BASF SE has developed eco-friendly chealting agents for its application in cleaning industry. The new product developed by BASF SE ws approved by Environmental protection Agency. In addition to that, some of the leading chemical companies are developing bio-based chelateds for detergents. On the negative side, environmental concerns are estimated to have serious impact on the global chelating agents market. Certain chelating agents are subject to ban in European and North America market, owing to their non degradability and hazardous health effects. Some of the manufacturers are voulntarily refraining from the production. For instance, Sodium Tri Polyphosphate is banned by European Union and in Cnada & U.S. markets. The demand for such chemicals is declining in European & North America markets. Access Complete Report @ https://www.marketresearchfuture.com/reports/chelating-agent-market-1127 Market Segmentation MRFR’s report on the global Chelating Agents Market Size has several dynamics analyzed on the basis of a segmental understanding. These segments are type, application, and end-use industry. This analysis would have a huge impact on various strategies as the dynamics have been studied with the forecast period in mind. By type, the global market report on the chelating agents has been segmented into biodegradable and non-biodegradable. The biodegradable chelating agents segment includes ethylenediamine-N, sodium gluconate, glutamic acid diacetic acid (GLDA), N-Disuccinic Acid (EDDS), and methylglycinediacetic acid (MGDA). The non-biodegradable chelating agents segment incorporates ethylenediamine tetra-acetic acid (EDTA), phosphates & phosphonates, amino polycarboxylates, and others By application, the global chelating agents market report can be segmented on the basis of household and industrial cleaners, medical, scale removal & prevention, papermaking, fertilizers, water treatment, food, textile, and others. By end-use industry, the global report on the chelating agents market can be segmented into surfactants, agriculture, paper & pulp, textile, healthcare, water treatment, and others. The water treatment segment is getting good traction due to a hike in urban development. Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1127