Deerfield Beach, FL -- (SBWIRE) -- 09/29/2015 -- The Global Chemicals Research Market accounted for $4.78 billion in 2014 and is expected to reach $6.78 billion by 2022 growing at a Compound Annual Growth Rate (CAGR) of 4.5% during forecast period 2014 to 2022. One of the key drivers of the market is the increase in usage of intermodal services. Asian countries have the highest growth due to construction, automotive, electronics and consumer goods industries which are the major consumers of chemicals. The increasing limitations on transportation of hazardous goods in certain countries are the challenges faced by the market. The restraining factors such as lack of infrastructure in several countries may cause difficulty for many players to expand their network outside their domestic boundaries.

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Chemicals Research Market is segmented by type, by specialty, by application and by geography. Depending on the various types, the market is segmented into Commodity Chemicals, Pharmaceuticals, Agrochemicals, Petrochemicals, Industrial Chemicals and Biotech Products. Based on specialty, the market is categorized into Adhesives & Sealants, Construction Chemicals, Electronic Chemicals and Food Additives. Based on applications, the market is classified as Petrochemical Catalysts, Specialty Films, Textile Chemicals and Water Treatment. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. US is one of the fastest growing regions in Chemicals research market globally.

The key players in the Chemicals Research Market include AKZO Nobel N.V, BASF SE, Bison International BV, Danisco A/S, Wacker Chemie AG, Ciba Holding Inc, IVM Chemicals Srl, Johnson Matthey PLC, Royal DSM NV and Syngenta Ag.

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