In 2011 the Global Specialty Chemicals market had total revenues of $767.5 billion and it is reported that it had a compound annual growth rate (CAGR) of 2.7% between 2007 and 2011. The market is further projected to reach $980 billion by the end of 2016.These speciality products are marketed as pesticides, speciality polymers, electronic chemicals, surfactants, construction chemicals, Industrial Cleaners, flavors and fragrances, speciality coatings, printing inks, water soluble polymers, food additives, paper chemicals, oil field chemicals, plastic adhesives, adhesives and sealants, cosmetic chemicals, water management chemicals, catalysts, textile chemicals.
The world’s top five specialty chemicals segments in 2012 were specialty polymers, industrial and institutional (I&I) cleaners, construction chemicals, electronic chemicals, and flavours and fragrances. These segments had a market share of about 36% The ten largest segments accounted for 62% of total annual specialty chemicals sales.
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