Chemicals and Chemical Preparations, Not Elsewhere Classified
Gale Business Insights: Global Collection
This industry consists primarily of establishments engaged in manufacturing miscellaneous chemical preparations, not elsewhere classified, such as fatty acids; essential oils; gelatin (except vegetable); sizes; bluing; laundry sours; writing and stamp pad ink; industrial compounds; such as boiler and heat insulating compounds; metal, oil, and water treating compounds; waterproofing compounds; and chemical supplies for foundries.
Industry Snapshot
Specialty chemicals, construction chemicals, finishing chemicals, and other industries, as they are divided across the world, often fluctuate based on a variety of other sectors, especially construction (where they are used to make raw materials) and the automotive industry. Some industries, such as writing and stamping ink, cratered in the 2010s because of the movement toward electronic and digital technologies. Other industries, such as heat insulation and treating compounds, saw sharp increases in growth because of their importance to the construction industry, especially in high-growth nations such as China. Overall, these miscellaneous chemicals are often affected by environmental standards and trade regulations created by governments with specific energy requirements or toxicity limits.
Background and Development
As the specialty chemical industry entered the 1990s, many corporations implemented organizational restructuring coupled with cost reduction measures. Based on these management decisions, the industry appeared to be in the beginning of a business recovery from the cyclical downturn experienced during the last portion of the 1980s. However, the pickup was more difficult and slower than expected, in part because of the continued sluggishness of economies. Although demand picked up in the late 1990s, the economic downturn of the early part of the first decade of the twenty-first century undermined the industry's performance.
Market definition
The paints & coatings market consists of liquid and powder based paints, varnishes and related products used for protective and decorative, industrial and automotive and specialty purposes.
The market excludes inks, thinners and raw materials, such as pigments and solvents.
The architectural & decorative segment consists of products used in homes and buildings, such as interior and exterior paints, primers, sealers, and varnishes.
The industrial segment comprises products that are factory-applied to manufactured goods as part of the production process.
The specialty segment consists of aerosol paints, marine paints, high-performance maintenance coatings, and automotive refinish paints.
Attachment:- Strategic Management.rar