New York, NY -- (SBWIRE) -- 08/17/2018 -- Specialty chemicals are also known as performance chemicals. They are used as ingredients in the manufacturing processes of consumer and industrial goods. These are low volume chemical products, which add significant value to different products. These chemicals can be used for producing a variety of products, including detergents, paints, electronics, and petroleum products. The MEA specialty chemicals market size is projected to grow at a decent rate for the next few years. Rising consumption of specialty chemicals in oilfields and advancement in agricultural practices in Africa are the major drivers for the growth of the specialty chemicals market in MEA.

Request For Sample Pages : https://www.psmarketresearch.com/market-analysis/mea-specialty-chemicals-market/report-sample

The specialty chemicals markets in the developed countries of MEA are mature, owing to the saturate demand for the product from end user industries. However, the demand of specialty chemicals in developing countries, particularly in African nations, has witnessed rapid rise, mainly from the agriculture, electronics, and construction sectors. This offers high growth opportunities to specialty chemical manufacturers to tap the market potential in developing countries of the region.

Saudi Arabia led the MEA specialty chemicals market, with a share of 61.0% in 2017. The largest share of the country is attributable to the increasing domestic demand for specialty chemical from its vast reserves of crude oil in which specialty chemicals are widely used during the different stages of oil field exploration and development.

Access Full Report With TOC: https://www.psmarketresearch.com/market-analysis/mea-specialty-chemicals-market

Additionally, the country's large population and high disposable income makes it one of the largest markets for automobiles in the region, which makes the country a lucrative market for lubricants. Further, the country's ongoing efforts to diversify its economy through investment in construction sector is likely to boost the demand for specialty chemicals used in construction activities.

Saudi Basic Industries Corporation (SABIC), Sadara Chemical Company, and Saudi Speciality Chemical Industries Co Ltd. are the leading players in the MEA specialty chemicals market.

Related Reports

Specialty Chemicals Market

Asia-Pacific Specialty Chemicals Market

About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com