Artificial Intelligence
Global Specialty Chemicals Market Report 2023: Rising Demand For Sustainable Specialty Chemicals Presents Opportunities
<!– Name:DistributionId Value:8839188 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:2790 –> <!– Name:CustomerId Value:1026737 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:712b0fbf-5845-4906-b28c-03f54ea4e780 –>
Dublin, May 15, 2023 (GLOBE NEWSWIRE) — The “Global Specialty Chemicals Market: Analysis By End Use, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering.
Specialty chemicals, also referred to as specialities or effect chemicals, are chemical compounds that are procured & consumed in smaller quantities and are generally based on tailor made formulations for specific customer application, function and performance. Specialty chemicals are low-volume and high-value products, sold based on their quality or utility.
Thus, they may be used primarily as additives or to provide a specific attribute to the end-products. The focus is on value addition to the end products. The global speacialty chemicals market was valued at US$738.23 billion in 2022. The market value is forecasted to grow to US$998.94 billion by 2028.
The increasing per capita disposable income and change in consumer preferences have led to an improvement in demand for end-user industries such as pharmaceuticals, agrochemicals and home/personal care products. This has led to the rising demand for specialty chemicals. Other significant factor is consolidation. Downstream value-added opportunities have led companies to expand their product portfolios towards high-growth and high-margin products or obtaining access to technological knowhow through M&A activities.
Therefore, with rising trend of consolidation allowing specialty chemical companies to expand geographical coverage and enter into high emerging markets by working with regional manufacturers, the global specialty chemicals market will continue to grow positively in the forecasted period. The market is anticipated to grow at a CAGR of approx. 5% during the forecasted period of 2023-2028.
Market Segmentation Analysis:
- By End Use: The report provides the bifurcation of the market into ten segments based on end use: pharmaceuticals, agrochemicals & fertilizers, construction chemicals, home care ingredients, dyes & pigments, water treatment chemicals, electronics & electrical chemicals, flavor & fragrances ingredients, paints & coating additives, and others. Pharmaceutical specialty chemicals market held the largest share in the global specialty chemicals market, owing to increasing application of specialty chemicals in pharmaceutical business such as the production of medications for cardiovascular disorders, skin problems, and Hughes syndrome; growing need for innovative and effective drugs to treat a range of diseases and medical conditions; increasing investment in research and development in the pharmaceutical industry; growing trend towards personalized medicine; and new emerging opportunities for collaboration and partnerships between specialty chemical manufacturers and pharmaceutical companies.
- By Region: The report provides insight into the specialty chemicals market based on the regions namely, Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Asia Pacific specialty chemicals market is both the largest and fastest growing region in global specialty chemicals market, driven by rapid urbanization, growing demand for application specific chemical compounds in construction and manufacturing sector, increasing population growth, rising awareness among farmers regarding the use of agrochemicals, ongoing investments in building & infrastructure improvement projects and rapidly expanding end user industries. Asia Pacific specialty chemicals market is divided into four regions on the basis of geographical operations, namely, China, Japan, India, and rest of Asia Pacific, where China specialty chemicals market held the largest share in Asia Pacific specialty chemicals market, owing to large chemical production base, growing business opportunities, rapid industrialization, rising expendable cash, growing demand for high performance materials and high desire for improved aesthetics in domestic construction.
- India specialty chemicals market is the fastest growing region within Asia Pacific, owing to rise in consumption of end-user products, rapid growth of agrochemical industry, increasing number of companies shifting their manufacturing base due to cheap labor and easy availability of raw materials and supportive Government policies. Developments and opportunities together would drive India to become the hub for specialty chemicals manufacturing over the coming decade.
Market Dynamics:
- Growth Drivers: The global specialty chemcials market has been growing over the past few years, due to factors such as growth of chemical industry, rising demand from other end user industries, urbanization, increased demand for high performance materials, etc. Rapid urbanization coupled with increasing population growth, rising disposable income, increased standard of living and ongoing investment in building & infrastructure activities has been positively contributing towards increased demand for low cost and efficient specialty chemicals for improving crop quality, building new commercial and residential construction projects, and meeting up with the increased demand for consumer goods like packaged food & beverages, personal care and cosmetics, electronics, etc. So, with majority of world’s population expected to live in urban areas, particularly in developing regions, there will be an increasing demand for specialty chemicals. Therefore, rapid urbanization coupled with rising population growth will continue to boost the growth of global specialty chemicals market.
- Challenges: However, the market growth would be negatively impacted by various challenges such as growing environmental and safety concerns, fluctuating prices of raw materials, etc. Production process involving the manufacturing of specialty chemicals results in the emission of various greenhouses gases like carbon dioxide, chlorofluorocarbons, hydrochlorofluorocarbons, methyl chloride etc. which are main contributes to air pollution, ozone layer depletion and global warming, having both adverse effect on environment in terms of climate change and negative effects on human health in the form of skin and eye allergies, chronic bronchitis, asthma etc. Therefore, rising environmental concerns will have negative effect on the demand for specialty chemicals by end users, impeding the growth of the market in the forecasted years.
- Trends: The market is projected to grow at a fast pace during the forecasted period, due to various latest trends such as increasing integration of AI and ML, consolidation, rising demand for sustainable specialty chemicals, technological advancements in manufacturing process, etc. Automation and digital technologies like artificial intelligence, machine learning, and big data analytics are increasingly used by specialty chemical manufacturers to optimize production processes, improve product quality, and discover new applications for specialty chemicals, resulting in lower production costs & higher product quality for chemical manufacturers. Also, AI is increasingly used to predict product quality based on process parameters, such as temperature, pressure, and flow rate, allowing for real-time adjustments to be made, increasing process efficiency and ensuring consistent product quality. Therefore, increasing integration of artificial intelligence (AI) and machine learning (ML) in specialty chemicals production process will continue to boost the growth of global specialty chemicals market in the forecasted years.
The key players of the market are:
- Solvay SA
- The Dow Chemical Company
- Sika AG
- Huntsman Corporation
- BASF SE
- Evonik Industries AG
- Clariant AG
- Albemarle Corporation
- Croda International Plc
- Arkema Group (Arkema S.A.)
- LANXESS AG
- The Lubrizol Corporation
- Hexion Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 169 |
| Forecast Period | 2023 – 2028 |
| Estimated Market Value (USD) in 2023 | $776.39 Billion |
| Forecasted Market Value (USD) by 2028 | $998.94 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Global Market Analysis
4. Regional Market Analysis
5. Impact of COVID-19
6. Market Dynamics
6.1 Growth Driver
6.1.1 Growth of Chemical Industry
6.1.2 Rising Demand from other End User Industries
6.1.3 Rapid Urbanization
6.1.4 Increased Demand for High Performance Materials
6.2 Challenges
6.2.1 Growing Environmental and Safety Concerns
6.2.2 Fluctuating Prices of Raw materials
6.2.3 Strong Entry Barriers
6.3 Market Trends
6.3.1 Increasing Integration Of AI and ML
6.3.2 Consolidation
6.3.3 Rising Demand For Sustainable Specialty Chemicals
6.3.4 Technological Advancements In Manufacturing Process
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/hpkpfa
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
Artificial Intelligence
Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research
PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.
The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity Market Forecast 2033
https://www.alliedmarketresearch.com/request-sample/A323349
(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage
Details
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323349
Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Browse More Trending Reports
Aerospace Adhesives Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology, by Resin Type, by Function, by End-user : Global Opportunity Analysis and Industry Forecast, 2023-2032
Aircraft Gearbox Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Component, by End Use, by Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031
Aircraft Maintenance Market Size, Share, Competitive Landscape and Trend Analysis Report by Maintenance Type, by Aircraft Type and by End-Use : Global Opportunity Analysis and Industry Forecast, 2023-2032
Airport Ground Handling Market Size, Share, Competitive Landscape and Trend Analysis Report by Service, by Airport, by Provider : Global Opportunity Analysis and Industry Forecast, 2023-2032
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/military-cybersecurity-market-to-reach-68-5-billion-globally-by-2033-at-15-4-cagr-allied-market-research-302149843.html
HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.
The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com
Photo – https://mma.prnewswire.com/media/2416612/image_1.jpgLogo – https://mma.prnewswire.com/media/2074657/Dahua_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/dahua-network-camera-series-obtains-cc-eal-3-certificate-302149811.html
TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.
Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com
Photo – https://mma.prnewswire.com/media/2414525/BANNER_COMPUTEX10.jpg
View original content:https://www.prnewswire.co.uk/news-releases/agi-to-debut-at-computex-2024-302147537.html
-
Uncategorized7 days agoCrossover Markets Becomes First Crypto ECN to Integrate with Talos
-
Artificial Intelligence7 days agoMSI Highlights Optimized AI Platforms to Accelerate Compute-Intensive Applications at ISC 2024
-
Uncategorized7 days ago
Precisely Showcases Critical Role of Trusted Data in AI at the Gartner® Data & Analytics Summit in London
-
Artificial Intelligence6 days agoAdvanced HPC Server Platforms by MiTAC and TYAN Spotlighted at ISC High Performance 2024
-
Uncategorized5 days ago
Artificial intelligence tool detects sex-related differences in brain structure
-
Artificial Intelligence4 days agoJapan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton
-
Artificial Intelligence3 days agoStrava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
-
Uncategorized3 days ago
SoftBank looks at ‘softening’ angry customer calls with AI
