Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Business /  Chemicals & materials market is expected to growth over the forecast period 2016 – 2024

 Chemicals & materials market is expected to growth over the forecast period 2016 – 2024

By surajmaurya93 on December 01 2017 | 24 Views

Chemicals & Materials Market report categorizes global market by end user, geography and other such industry segments - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players

The industry of chemicals & materials forms the basis of various industries such as construction, transportation, food and beverages, pharmaceuticals, electronics, healthcare, utilities, and oil & gas. The market consists of a number of components and sub components within its large portfolio. A chemical compound is a distinct substance or compound that is artificially manufactured or purified, whereas a material is a compound from which other complex materials are made. Chemicals, organic and inorganic in nature, form the building blocks of different kinds of materials. Widely used materials include ceramics, adhesives, metals, composites, polymers, and glasses. . Chemicals and materials, independently or in combination with each other find a wide range of application across various end-use industries such as automotive, power & energy, agriculture, food & beverages, instrumentation, consumer goods, aerospace & defense, healthcare, and IT. The global chemicals and materials market has wide range of application areas such as dental silica, flow aids, crop protection, animal nutrition, active pharmaceutical ingredients, dietary supplements, preservatives, flame retardants, surface ingredients, and matting agents among others.

Request sample copy of report@

https://www.coherentmarketinsights.com/insight/request-sample/252

Asia Pacific is expected to retain its dominant position in the chemicals & materials market over the forecast period (2016 – 2024), spearheaded by China, India, and Japan due to rampant growth of end-use industries.

Chemicals & Materials Market Outlook – Surge in Electronics and Construction Chemicals Industries Augmenting Market Growth

Increasing demand for electronic devices across the globe, especially in key regions such as North America, Asia Pacific and the Middle East, is driving demand for electronic chemicals. Electronic chemicals such as PCB laminate, silicon wafer, specialty gases, and wet chemicals are widely used in a wide number of electronic applications such as computers, electronic circuit, diodes, capacitors, home appliances, and entertainment systems. Asia Pacific contributes the largest share in electronics market, which is the largest end-user segment for electronic chemicals. Countries in the region that boost market growth include China, Japan, Taiwan, South Korea, and India. However, the markets in North America and Europe are expected to witness slower growth rate over the forecast period.

Construction chemicals are chemicals used to enhance the quality of the structure by providing resistance against dry heat and wet climate, and protection against fire. Population explosion in countries such as India and China, along with rapid economic growth in these countries, has fueled demand for infrastructure and construction, in turn increasing the number of infrastructural development activities. This, in turn, creates a highly conducive environment for growth of the chemicals and materials market.. Growing urbanization, lends demand for construction chemicals such as concrete admixtures, adhesives, and sealants, in turn, fueling growth of the chemicals and materials market. North America and Europe markets are expected to witness moderate growth rate, due to stagnant economy of the developed countries. However, the market in the Middle East is expected to witness significant growth due to high investment in infrastructure development and abundant raw materials reserves within the region.

Chemicals & Materials Market Challenges – Reduce Environmental Impact

Effective and eco-friendly mode of waste disposal, adopted by various regions, act as a key challenge for chemicals & materials manufacturing companies. Stringent laws are enforced on the disposal, only after treatment of all wastewater, gases, and semi-solid waste. The Ministry of Environment and Forest (MoEF) of India, on December 23, 2010, implemented water prevention and control pollution act 1974 and air prevention and control pollution act 1981. These impose stringent regulatory framework for manufacturers and end-users regarding production, import, export, and storage of hazardous chemicals & materials. This significantly increases costs associated with production, which in turn affects profitability of manufacturers in this highly competitive market, in turn inhibiting market growth.

Chemicals & Materials Market – Regulatory Scenario:

United States Environmental Protection Agency
The Frank R. Lautenberg Chemical Safety for the 21st Century Act, on December 17, 2015.
The Toxic Substances Control Act (TSCA) Modernization Act of 2015, on June 23, 2015
Registration, Evaluation and Authorization and Restriction of Chemicals (REACH) and Classification, Labelling, and Packaging (CPL) regulations
Regulations regarding fertilizer production
Regulations regarding detergents production
Regulation regarding explosive production
Regulation regarding drug precursors production
Resource Conservation and Recovery Act (RCRA)
Chemical Waste Disposal Law Govern by U.S. Environmental Protection Agency
Hazardous Materials Transportation Act (U.S., 1975)
Material labelling and designations
Packaging requirements
Procedures and policies
Operational rules
Chemicals & Materials Market – Key Global Conferences:

Strategic Approach to International Chemicals Management (SAICM)
In Dubai, an International conference on chemicals management, held by government, intergovernmental and non-governmental organizations, on February 4 to 6, 2006.
Summit Meeting on Chemical Regulations (SMCR) in Asia Pacific, in 2011
Transparency in sharing of regulatory updates and enforcement measures, to provide and promote safety and sustainability of chemical industry in the Asia Pacific region.
To know the latest trends and insights prevalent in the Chemicals & Materials market, click the link below:

https://www.coherentmarketinsights.com/ongoing-insight/chemicals-and-materials-market-252

Key players in the chemicals & materials market include BASF-SE, The Dow Chemical Company, Sinopec, SABIC, ExxonMobil, Formosa Plastics, LyondelBasell Industry, DuPont, Ineos, Bayer, Mitsubishi Chemicals, Royal Dutch Shell, LG Chem Ltd., Braskem, Air liquid, AkzoNobel, The Linde Group, Sumitomo Chemicals, Mitsui Chemicals, Evonik Industries. The chemicals & materials industry is highly fragmented, with a large number of global players and regional players. In the recent past, the market has witnessed a trend of consolidation through strategic mergers and acquisitions. For instance, in March, 2017, the European Union approved the proposed merger of Dow Chemical and DuPont as part of a US$ 62 billion deal. The companies were subsequently segmented into three separate publicly traded companies, which focus on agriculture, material science, and specialty chemicals, respectively.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us

Mr. Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Website: http://www.coherentnews.com



Latest Exclusive Press Release
Pay Card Reader Market - Report Touches Most of Industrial Scenarios like (Key Players, Developments, Trends & Forecast 2023)
Base SAS And Advanced SAS Online Training
Oracle Data Integrator | ODI Online Training
Network Processor Market - SWOT analysis along with illustrations & Forecast 2013-2023
External Power Supplies (EPS) Market Research Report 2017 Popular Trends, Size, Shares, Analysis, Demand, Forecast and Opportunities
Popular Press Release
Home Ministry’s Population Register Worse than Prisoner Identification
First Time Home Buyers Tax Credits STILL Available For Troops!
Best Web Hosting Service in India
Model the world with Google SketchUp 8
What Is A Phantom Right?


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet