International.
According to analyst Global Market Insights, Inc., the specialty chemicals market, which has had a share of $830 million in 2015, is estimated to reach $1.273 billion by 2024.
The automotive industry is one of the major potential growth prospects for the specialty chemicals market. The expansion of the automotive industry, coupled with the growing demand for fuel-efficient vehicles will bring a large set of opportunities for the market space.
The construction chemicals market, which had a revenue of US$70 billion in 2015, is estimated to have a notable increase in the coming years due to the growing number of commercial and residential projects around the world.
The study indicates that Asia Pacific has become an efficient and cost-effective source of raw material supply for international companies, allowing these manufacturers to take advantage of this emerging market.
