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Follow on Google News | Specialty Chemicals Market Overview, Leading Players and Forecast to 2030The specialty chemicals market generated $639,935.8 million in 2019, and it is expected to value $980,423.7 million by 2030.
By: P&S Intelligence Download report sample copy : https://www.psmarketresearch.com/ Specialty chemicals are used as additives to generate the desired effect in substances and end products. These chemicals have diverse features and are compatible with other chemicals. Owing to these properties, they find wide application in various end-use industries. For example, the automobile sector uses specialty chemicals as fuel additives to improve the properties of the fuel. Similarly, methyl oleate, a specialty chemical, is used as an active pharmaceutical ingredient in a variety of creams and lotions. One of the key factors fueling the specialty chemicals market is the robust industrialization and urbanization in the emerging economies of China, Brazil, and India. Owing to the rapid urbanization, there has been a substantial rise in the living standard of the people of these countries. This has, in turn, fueled the consumption of cosmetics, packaged food items, and pharmaceuticals. Moreover, the expansion of the automobile sector in China and India, as a result of people's rising disposable income, is facilitating the market growth. Browse full report at: https://www.psmarketresearch.com/ Thus, the growth of the end-use industries in developing countries and a wide application base of specialty chemicals will propel the market advance in the coming years. End
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