The Chemical Accelerators market is estimated to reach at USD 8017.3 million in 2027 from USD 3201.2 million in 2020. The market is anticipated to grow at a CAGR of 10.75% during the forecast timeline.
Chemical Accelerators are substances, which bonds, mixes or muddles another chemical substance to inflict an increase in the pace of an artificial or a chemical process. Thiurams, sulfenamides, guanidines, xanthates and dithiocarbamates are some of the chemical accelerators. The “Global Chemical Accelearators Market” offers comprehensive and precise insights on this market.
Key Market Drivers and Restraints
This report includes detailed analysis of factors expected to fuel the growth of Chemical Accelerators market. Moreover, it also covered the major factors likely to hamper the market growth and helps in identifying growth pockets.
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Impact of COVID 19
COVID 19 has impacted significantly on the global Chemical Accelerators industry. It affected the demand and resulted in lesser sales of chemical accelerators. The global Chemical Accelerators market reported nearly 20.3% decline in its revenue when compared to that in 2019. The recovery of the economies has led to the resumption of infrastructure projects. The increased production of chemicals provides positive signs for the market. The global Chemical Accelerators market is anticipated to attain pre-COVID 19 level soon.
North America is expected to lead the global Chemical Accelerators market
The global Chemical Accelerators market is segmented into six geographies with all major economies pertaining to it. The report offers a comprehensive insight on major regional markets. By Region, North America is expected to lead the global market throughout the forecast period by holding 36.3% share in 2020.
Global Chemical Accelerators market is dominated by the secondary chemical accelerators
Primary chemical accelerators and secondary chemical accelerators are two types of chemical accelerators. Secondary chemical accelerators found more uses during 2020. Huge demand for secondary chemical Accelerators can be attributed to glove manufacturing in medical industry and vulcanisation of rubber for commercial purposes.
Chemical industry to hold major share in global demand for Chemical Accelerators Market
Global Chemical Accelerators market is segmented based on applications such as chemical industry, medical and others Chemical industry accounted for more than xx% share of the overall revenue generated by the global Chemical Accelerators industry. The demand from agrochemicals, oil and gas industry, construction industry, and waste water treatment industry for chemicals with chemical accelerators drives the demand for chemical accelerators.
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Market Segmentation
Global Chemical Accelerators Market by Type, 2015 – 2027
· Primary Accelerators
· Secondary Accelerators
Global Chemical Accelerators Market by Application, 2015 – 2027
· Chemical Industry
· Medical
· Others
Global Chemical Accelerators Market by Region, 2015 – 2027
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East and Africa
Global Chemical Accelerators Market: Key Players
· Akzonobel N.V.
· Arkema SA
· BASF SE
· Behn Meyer Group
· China Petroleum & Chemical Corporation
· Eastman Chemical Company
· Emery Oleochemicals LLC
· Laxess AG
· R.T. Vanderbilt Company Inc
· Solvay SA
· Others
Key Question Answered in the Report:
- Who are the top five players in the global Chemical Accelerators industry?
- What will be the CAGR (2021 – 2027) of in global Chemical Accelerators industry?
- What was the volume and revenue of in global Chemical Accelerators industry in 2015?
- Which are the growing technological trends in in global Chemical Accelerators industry?
- What is the competitive scenario in global Chemical Accelerators industry?
- What are the consequences of COVID 19 on global Chemical Accelerators industry?
Browse the full report at https://www.credenceresearch.com/report/chemical-accelerators-market
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