pecialty chemicals – catalysts, intermediates, components or protectants used in wide-ranging industries – are a trillion-dollar industry with strong growth potential. By 2026, the global market for specialties is expected to hit US$2 trillion, almost double the estimated market size in 2017.
Home to 4.6 billion people, 60% of the world’s population, Asia is leading the demand for specialty chemicals. Increasing demand for agriculture, water, plastics, pharmaceuticals, transport and consumer care are contributing to the market’s growth.
Attracted by the market potential, many of the key players have strengthened their presence in Singapore. Today over 100 companies are here, leveraging on the country’s well-developed chemicals and energy capability, robust intellectual property regime and sound infrastructure to establish manufacturing plants and research centres.
From S$6.8 billion in 2010, Singapore’s manufacturing turnover for specialties rose steadily to surpass S$9 billion in 2017. Though small in production output, it is big on value added. In 2017, Singapore specialties accounted for 11% of the revenue generated by the chemicals cluster but 22% of the cluster’s value added.
Marshall Cavendish is privileged to be associated with the industry’s development. By bringing industry players, key suppliers, research institutes, training centres and government agencies in a deﬁnitive database, and keeping the information current, the Singapore Specialty Chemicals Guide has remained a valuable resource for industry members.
We would like to thank the Singapore Economic Development Board for its unstinting support and to our advertisers for their participation in the publication of this annual.
Ms Tristine Lim
Marshall Cavendish Business Information Private Limited