Chemical and Engineering News on January 2, the American Chemistry Commission (ACC) said the 2018 global specialty chemicals market is promising. The continued growth of U.S. demand, the continued expansion of Asia’s economy and the recovery of European demand are all good signs for the global specialty chemical market in 2018. ACC predicts global production of specialty chemicals will increase by 3% in 2018 and reach 2.5%  in 2017.

ACC once made a prediction that the global economy production of specialty chemicals would reach 33% in 2017. Although the global economy picked up in 2017 as a whole, the weaker end market for specialty chemicals such as the oil and gas drilling industry led to lower expected growth in specialty chemicals production in 2017 . But industry observers say the market will be better in 2018 than in 2017.