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  Market Insights: Market Research Future (MRFR)’s latest study has revealed that the global  Specialty Chemicals Market   is set to thrive at a  CAGR of 6.21%  during the forecast period 2018 to 2023. The market is set to grow from USD 710.03 Bn in 2017 to USD 1000 Bn by the end of 2023. Specialty chemicals have developed an application in different industry verticals such as food, textiles, automobiles, etc. The global market is anticipated to witness a surge in demand in the forthcoming years. The shift from commodity chemicals to specialty chemicals due to the superiority of specialty chemicals has augured well for the market players. The trend is prognosticated to perpetuate in the foreseeable future. However, the volatile price of raw materials such as petrochemical derivatives remains an impediment to the specialty chemicals market growth and is expected to affect pricing policies adversely. The demand for specialty chemicals from the automotive industry ...

  The global  specialty chemicals market  is witnessing a steady rise in revenues while the coronavirus pandemic still on the curve. The market growth mainly attributes to the uses of specialty chemicals in the manufacturing of various essential products like disinfectants, pharma products, toothpaste, flavors & fragrance, and many others. The specialty chemical industry contributes to almost every manufacturing sector.  Though the sector engages in supplying feedstock to daily use products manufacturing, the lockdown has impacted the industry to some extent, especially in terms of raw material supplies required of its own products. To counter these raw material shortages, industry players found alternative products and suppliers, which is a significant point leading to the growth of the specialty chemical industry amid the coronavirus crises.  A leading research firm, Market Research Future (MRFR), in its, resent COVID 19 analysis, asserts that global speci...