Recession hits specialty chemicals market

摘要

The global manufacturing and economic slowdown will hit the specialty chemicals market this year, as spending declines 4% to $451 billion worldwide this year. In a recent report, analysts at SRI Consulting forecast that "these economic conditions will continue until sometime in 2010 and then gradually improve.,.The specialty chemicals market in 2010 is estimated to reach about the same size as in 2008 and then gradually climb during the next three years to reach $530 billion in 2013."