The global Specialty Chemicals Market size is expected to reach US$ 957.30 billion by 2027 and is expected to grow at an impressive double-digit rate of 4.9% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Specialty Chemicals Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Why should you invest in this report?
If you are aiming to enter the global Specialty Chemicals Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Specialty Chemicals are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Increasing demand for function-specific and high-performance chemicals across various end-use industries such as pulp and paper, oil and gas, and personal care & cosmetics projected as one of the significant factors for the market growth of specialty chemicals. Furthermore, increased innovation and research & development are the key growth factors as the market is largely drive by the changing consumer preferences. Manufacturer’s focus prominently towards offering custom-made and innovative product offerings for the target applications, thus to cater the consumer specific demand investment in research and development have significantly grown over the past years, driving the development of innovative chemicals and significant expansion of product portfolio in the market.
However, stringent government norms coupled with variable price of raw materials anticipated to hinder the market growth. Nonetheless, increased research & development activity for the development of bio-based specialty chemicals expected to fuel the market growth over the forecast period.
Report Highlights
- The Asia Pacific is the largest revenue contributor to the global specialty chemicals market with prominent revenue share of nearly 36%. China as the major dominating region accounting for more than 40% revenue share in the specialty chemicals in the Asia Pacific region drives the regional growth.
- Europe experienced a stable market for specialty chemicals products. High export rate of specialty chemicals in the region that is nearly 27% of the total exported chemicals in 2018 accounted for regional growth in this market.
- Pharmaceutical ingredients dominated the global specialty chemicals market with prominent revenue share and predicted to continue its dominance in the forthcoming years. Significant application of specialty chemicals in the pharmaceutical industry such as drugs manufacturing for skin disorder, cardiovascular diseases, and Hughes syndrome drives the market growth.
- In 2019, agrochemical anticipated to register nearly 12-15% of revenue share in the global specialty chemicals market. Rising population along with increasing demand for food globally triggers the demand for agrochemicals over the coming years.
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Key Market Players and Strategies
- BASF SE
- Bayer AG
- Dow, Inc.
- Lanxess AG
- Evonik Industries AG
- Clariant AG
- Solvay SA
- Albemarle Corporation
- Huntsman International LLC
- Sumitomo Chemical Company
- Nouryon
- Ashland LLC.
- Merck & Co., Inc.
- Henkel Ag & Co. KGAA
- Sasol Limited
- 3M
- PPG Industries Inc.
- Koninklijke DSM N.V.
- B. Fuller
Major Market Segments Covered:
By Application Outlook
- Flavors Ingredients
- Savory
- Beverages
- Dairy
- Others
- Agrochemicals
- Fungicides
- Calcium Nitrate Fertilizers
- Insecticide
- Ammonium Sulphate Fertilizers
- Herbicides
- Others
- Dyes & Pigments
- Fragrances Ingredients
- Fabric Care
- Personal Care
- Hair Care
- Others
- Water Treatment Chemicals
- Biocides and Disinfectants
- Corrosion and Scale Inhibitor
- Activated Car
- Coagulants and Flocculants
- Personal Care Active Ingredients
- Surfactants
- Nonionic
- Anionic
- Amphoteric
- Cationic
- Others
- Construction Chemicals
- Adhesives and Sealants
- Protective Coatings
- Asphalt Additives
- Concrete Admixtures
- Others
- Bio-based Chemicals
- Ethanol
- Furfural
- Acetic Acid
- Others
- Textile Chemicals
- Coating and Sizing Chemicals
- Finishing Chemicals
- Colorants and Auxiliaries
- Others
- Oilfield Chemicals
- Cementing Chemicals
- Drilling Fluids
- Fracturing Chemicals
- Oil Production Chemicals
- Acidizing Chemicals
- Others
- Polymer Additive
- Electronics Chemicals
- Conductive Polymers
- Specialty Gases
- Wet Chemicals
- Photoresist Chemicals
- PCB Laminates
- Silicon Wafers
- Others
- Paper & Pulp Chemicals
- Process Chemicals
- Bleaching & RCF Chemicals
- Coating chemicals
- Functional Chemicals
- Pigments & Fillers
- Pharmaceutical Ingredients
- Biological API
- Chemical API
- Specialty Polymers
- Others
Regional Analysis:
The geographical analysis of the global Specialty Chemicals Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Specialty Chemicals Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Specialty Chemicals Market in 2027?
- What is the expected CAGR for the Specialty Chemicals Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Specialty Chemicals Market?
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