The specialty chemicals market is expected to grow at a CAGR of 3% during the forecast period. Increasing demand from agrochemical industry, drivers.2, and drivers.3 are some of the significant factors fueling specialty chemicals market growth.
Increasing demand from agrochemical industry
Huntsman Corp. - Key news
M&A, divestitures, JVs, and partnerships In March 2020, the company announced its agreement to acquire CVC Thermoset Specialties to expand its Specialty Chemicals portfolio.
In February 2020, the company completed the acquisition of Icynene-Lapolla to expand its downstream business in spray polyurethane foam insulation.
In January 2020, the company announced the completion of the sales of its Chemical Intermediates and Surfactants businesses to Indorama Ventures for $2 billion.
Awards and recognitions In May 2020, the company was honored by the American Chemistry Council (ACC) with six Responsible Care facility Safety Awards in recognition of its significant achievements in employee health and safety performance in 2019.
