Malaysia Bulk Chemicals Market to be Dominated by Agriculture Segment through 2028
Malaysia Bulk Chemicals Market is
expected to grow in the forecast period 2024-2028 due to the growing demand from construction industry
According
to TechSci Research report, “Malaysia Bulk
Chemicals Market- By Region, Competition Forecast & Opportunities,
2018-2028F,” the Malaysia
Bulk Chemicals Market is anticipated to grow at a substantial rate in the
forecast period. A significant factor fueling the growth of the Malaysia Bulk
Chemicals Market is the increasing demand for bulk chemicals from the
agriculture industry. Bulk chemicals, such as soil wetting agents and
water-retaining polymers, are employed to improve water infiltration,
retention, and distribution in the soil. These chemicals help reduce water loss
through evaporation and improve the efficiency of irrigation practices.
In addition, bulk chemicals produce the seed
treatment chemicals that involve the application of fungicides, insecticides,
and growth regulators to enhance seed quality, seedling vigor, and crop
establishment. Along with this, bulk chemicals play a crucial role in ensuring
the safety, quality, and efficiency of food and beverage production. Bulk
chemicals are used in the production of antimicrobial agents, such as
preservatives and sanitizers, which help inhibit the growth of bacteria, molds,
and yeasts, extending the shelf life of packaged foods. Moreover, these
chemicals help create a wide variety of flavors, ranging from sweet and savory
to spicy and tangy, as well as food colorants which are utilized to enhance the
visual appeal of products.
The demand for smart paints and coatings that can
counter the effects of weather on building construction is expanding, thus
boosting the demand for dyes and pigments, which propels the growth of the
Malaysia Bulk Chemicals Market.
For instance, Eastman is a manufacturer and
distributor of bulk chemical products for applications in drugs, foods, or
feeds.
Furthermore,
the market is being further stimulated by increasing demand from construction, automotive,
healthcare sectors, etc.
However, bulk chemicals are obtained from crude
oil, and the price of crude oil is highly volatile. This volatility fluctuates
the cost of bulk chemicals, making it difficult for companies to effectively
plan their operations and investments. Moreover, the prices of bulk chemical products
have a significant impact on the demand for bulk chemicals, which restrains
market growth. Additionally, increasing stringent environmental regulations
regarding the disposal of hazardous waste and the use of environmentally
friendly materials, along with competition from less expensive conventional
counterparts of bulk chemicals, further slowdown market growth.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on
the "Malaysia Bulk Chemicals Market.”
Malaysia
Bulk Chemicals Market is segmented based on type,
end user industry, region and competitive landscape.
Based on the type, the market is divided into inorganic and
organic. Inorganic segment is expected to hold the largest market share in the
forecast period. This is due to the
extensive applications of inorganic bulk chemicals in construction,
food-processing and agrochemicals,
Based
on the end user industry, the market is categorized into construction,
automotive, healthcare, food & beverages, agriculture, and others. Construction
segment is expected to hold the largest market share in the forecast period. This is due to increasing real-estate and
commercial construction with increasing population and urbanization.
Major
companies operating in the Malaysia Bulk Chemicals Market are:
- BASF
(Malaysia) Sdn. Bhd.
- Shell
Malaysia Plc
- PETRONAS
Chemicals Group Berhad (PCG)
- Eastman
Chemical (Malaysia) Sdn. Bhd.
- Samaju
Kimia Sdn Bhd
- Element
Chemicals Sdn Bhd
- Jaya
Chemical Supplier
- BIS
Chemicals Sdn. Bhd
- Taiko
Marketing Sdn Bhd
- Malaysia
Chemical Exporters
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“The Malaysia Bulk Chemicals Market has
witnessed significant growth in recent years, driven by the increasing use of
bulk chemicals in manufacturing specialty chemicals for specific operations,
including rubber, plastic, polymers, etc. Moreover, these chemicals are used in
the automotive industry in the form of paints, primers, clear coats, and
anti-corrosion coatings applied to vehicle exteriors and interiors to enhance
appearance, durability, and resistance to environmental factors. Additionally,
these chemicals serve as functional additives, such as impact modifiers,
stabilizers, and reinforcements, employed in plastic components to enhance
impact resistance, heat resistance, dimensional stability, and overall safety
performance. Consequently, this creates immense prospects for market growth
during the forecast period," said Mr. Karan Chechi, Research Director at
TechSci Research, a research-based global management consulting firm.
“Malaysia
Bulk Chemicals Market By Type (Inorganic, Organic), By End User Industry (Construction,
Automotive, Healthcare, Food & Beverages, Agriculture, Others), By Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth potential of Malaysia Bulk
Chemicals Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision-makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Malaysia Bulk Chemicals
Market.
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