—Specialties: World Demand Will Grow, Fueled By Asia And South America “” Specialty chemicals serving markets such as papermaking, printing, refrigeration, water treatment, and cosmetics have been among the strong performers in the global economic recovery and should continue to do well in 2011. Global specialty chemical output jumped 7.5% in 2010 compared with 2009 and will rise 5.9% in 2011, economists at the American Chemistry Council predict. Specialty chemical production in the U.S. will be less than that of developing countries and increase only 4.0% in 2011. Ray Will, a senior consultant at SRI Consulting, sees a bright spot for specialty chemical makers in a recent boost in consumer confidence, which tends to bring a willingness to loosen the purse strings. An uptick in auto demand in 2010 and into 2011, for example, means increased consumption of specialty automotive fluids. Certain specialties will lag behind others, Will says. For instance, after peaking in 2000, demand for printing inks has been crimped as consumers turned to e-readers and other electronic media.
by Marc S. Reisch |
January 10, 2011