China’s specialty chemical market is anticipated to grow at a considerable CAGR of 5.1%. The availability of low-cost raw material, cheap labor, favorable government regulation for the manufacturing of specialty chemicals in the region. High production volume leads to low manufacturing costs and volume sales of chemicals in the country. China is the key supplier of different specialty chemicals used in the formation of finished products such as plastic, fertilizers, medicines, and other intermediate products used in countless industries globally. According to the International Council of Chemical Associations (ICCA), China is the eighth largest chemical importing nation and the twelfth largest chemical exporting nation across the globe.
To Request a Sample of our Report on China Specialty Chemicals Market: https://www.omrglobal.com/request-sample/china-specialty-chemicals-market
As per the CEFIC Chemdata International, in 2018, the chemical sales in China held for around $1.32 trillion however due to the COVID-19 pandemic it is expected to be low this year. China accounts for about 70% of the total rubber chemical products across the globe and consumes about 33-35% of it. The rubber chemical is among the major components to produce auto tires and other auto parts hoses, belts, and gaskets. BASF SE, Sinopec, China National Chemical Corp., and others are the key specialty chemical manufacturers operating in China.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Product Type
- Competitive Landscape- SABIC, BASF SE, Bayer AG, Eastman Chemical Company, Evonik Industries AG
A full Report of China Specialty Chemicals Market is Available at: https://www.omrglobal.com/report-customization/china-specialty-chemicals-market
China Specialty Chemicals Market Report Segment
By Product Type
- Agrochemicals
- Cleaning Chemicals
- Construction Chemicals
- Electronic Chemicals
- Food Additives
- Adhesive & Sealants
- Specialty Coatings
- Surfactants
- Paper & Textile Chemicals
- Lubricants & Oilfield Chemicals
- Polymers & Plastic Additives
- Others
Company Profiles
- 3M Co.
- Akzo Nobel N.V.
- Albemarle Corp.
- Ashland Inc.
- BASF SE
- Bayer AG
- Chevron Philips Chemical Co.
- China National Chemical Corp.
- China Petroleum & Chemical Corporation (SINOPEC)
- Clariant AG
- Covestro AG
- DIC Corp.
- DuPont Inc.
- Eastman Chemical Co.
- Evonik Industries AG
- INEOS AG
- SABIC
- Solvay SA
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
