Market Overview:
The global specialty chemicals market is expected to reach USD 1,521.8 billion by 2030, registering a CAGR of 5.4% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for specialty chemicals from various end-use industries such as soap cleaning products, food and beverage, electronics and electricity, construction industry and others. Asia Pacific is projected to be the fastest growing region in terms of revenue during the forecast period 2018-2030 owing to rapid industrialization and urbanization in countries such as China and India. Based on type, special polymers accounted for majority share of revenue in 2017 followed by construction chemicals. Special polymers are used extensively across various industries owing to their properties such as toughness, strength retention at high temperatures etc., which makes them suitable for use in a wide range of applications including automotive parts & components; medical devices; electrical & electronic equipment; appliances; packaging films etc.
Product Definition:
A specialty chemical is a chemical that has a specific application, such as in agriculture, cosmetics, or pharmaceuticals. Specialty chemicals are often produced in smaller quantities than commodity chemicals and have more complex production processes. They can be more expensive to produce and require greater technical expertise.
Special Polymers:
Specialty polymers are high-performance synthetic resins that have applications in a wide range of end-use industries. The global specialty polymers market is expected to witness significant growth over the forecast period owing to its increasing demand in manufacturing paints & coatings, adhesives, sealants & elastomers and printing inks.
Construction Chemicals:
Construction chemicals are a diverse group of materials that are used in various applications such as adhesives, sealants, coatings and paints. These chemicals have widespread applications in the construction industry owing to their unique properties and characteristics. Some of these chemicals include epoxies, polyesters resin & acrylics resins, silicones (polysiloxane), plasticizers (phthalates & vinyl phthalate), pigments/dyes/fillers and binders.
Application Insights:
The other application segment includes personal care, home care, pharmaceuticals and cosmetics. Specialty chemicals are used in the production of household cleaners, glass cleaner, air fresheners/deodorizers and laundry detergents among others. The soap cleaning products segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing demand for specialty chemicals for manufacturing liquid soaps that are more effective than traditional bar soaps.
Specialty chemical manufacturers have been focusing on expanding their product portfolios in order to cater the growing needs of various end-use industries including food & beverage and electronics & electricity which has resulted in high product penetration across various applications areas globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization in the region. The growth can be attributed to rising disposable income coupled with increasing population, which has led to an increase in demand for specialty chemicals across various end-use industries such as electronics, construction, automotive and others.
The Asia Pacific was followed by Europe that accounted for 24% of total market share in 2017 on account of high product demand from major end-use sectors including food processing and cosmetics manufacturing. Moreover, growing environmental concerns have resulted in stringent government regulations regarding chemical usage across various industries thereby driving product demand over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive, and packaging
- Growing demand for specialty chemicals in emerging economies
- Rising investment by chemical companies in R&D to develop new products
- Expansion of production capacities by existing players and entry of new players
- Emergence of green chemistry and sustainable practices
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Chemicals Market Research Report
By Type
Special Polymers, Construction Chemicals, Industrial Cleaner, Electronic Chemicals, Surface Active Agent, Flavors and Fragrances, Special Coatings, Water-soluble Polymers, Catalyzer, Other (oilfield chemicals, food additives, plastic additives, etc.)
By Application
Soap Cleaning Products, Food and Beverage, Electronics and Electricity, Construction Industry, Other
By Companies
Chevron Phillips Chemical Company, BASF SE, Akzo Nobel N.V., Clariant International Ltd, Evonik Industries AG, Lanxess, Cytec Industries Inc., Albemarle Corporatio, Ferro Corporation, Chevron Phillips Chemical Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Chemicals Market Report Segments:
The global Specialty Chemicals market is segmented on the basis of:
Types
Special Polymers, Construction Chemicals, Industrial Cleaner, Electronic Chemicals, Surface Active Agent, Flavors and Fragrances, Special Coatings, Water-soluble Polymers, Catalyzer, Other (oilfield chemicals, food additives, plastic additives, etc.)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Soap Cleaning Products, Food and Beverage, Electronics and Electricity, Construction Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chevron Phillips Chemical Company
- BASF SE
- Akzo Nobel N.V.
- Clariant International Ltd
- Evonik Industries AG
- Lanxess
- Cytec Industries Inc.
- Albemarle Corporatio
- Ferro Corporation
- Chevron Phillips Chemical Company
Highlights of The Specialty Chemicals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Special Polymers
- Construction Chemicals
- Industrial Cleaner
- Electronic Chemicals
- Surface Active Agent
- Flavors and Fragrances
- Special Coatings
- Water-soluble Polymers
- Catalyzer
- Other (oilfield chemicals, food additives, plastic additives, etc.)
- By Application:
- Soap Cleaning Products
- Food and Beverage
- Electronics and Electricity
- Construction Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Specialty Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Specialty chemicals are chemicals that are used in a limited number of applications. They can be more expensive than general-purpose chemicals, and may require special handling or storage.
Some of the major companies in the specialty chemicals market are Chevron Phillips Chemical Company, BASF SE, Akzo Nobel N.V., Clariant International Ltd, Evonik Industries AG, Lanxess, Cytec Industries Inc., Albemarle Corporatio, Ferro Corporation, Chevron Phillips Chemical Company.
The specialty chemicals market is expected to register a CAGR of 5.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Specialty Chemicals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Specialty Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Specialty Chemicals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Specialty Chemicals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Specialty Chemicals Market Size & Forecast, 2020-2028
4.5.1 Specialty Chemicals Market Size and Y-o-Y Growth
4.5.2 Specialty Chemicals Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Special Polymers
5.2.2 Construction Chemicals
5.2.3 Industrial Cleaner
5.2.4 Electronic Chemicals
5.2.5 Surface Active Agent
5.2.6 Flavors and Fragrances
5.2.7 Special Coatings
5.2.8 Water-soluble Polymers
5.2.9 Catalyzer
5.2.10 Other (oilfield chemicals
5.2.11 food additives
5.2.12 plastic additives
5.2.13 etc.)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Soap Cleaning Products
6.2.2 Food and Beverage
6.2.3 Electronics and Electricity
6.2.4 Construction Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specialty Chemicals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Specialty Chemicals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Special Polymers
9.6.2 Construction Chemicals
9.6.3 Industrial Cleaner
9.6.4 Electronic Chemicals
9.6.5 Surface Active Agent
9.6.6 Flavors and Fragrances
9.6.7 Special Coatings
9.6.8 Water-soluble Polymers
9.6.9 Catalyzer
9.6.10 Other (oilfield chemicals
9.6.11 food additives
9.6.12 plastic additives
9.6.13 etc.)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Soap Cleaning Products
9.10.2 Food and Beverage
9.10.3 Electronics and Electricity
9.10.4 Construction Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Special Polymers
10.6.2 Construction Chemicals
10.6.3 Industrial Cleaner
10.6.4 Electronic Chemicals
10.6.5 Surface Active Agent
10.6.6 Flavors and Fragrances
10.6.7 Special Coatings
10.6.8 Water-soluble Polymers
10.6.9 Catalyzer
10.6.10 Other (oilfield chemicals
10.6.11 food additives
10.6.12 plastic additives
10.6.13 etc.)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Soap Cleaning Products
10.10.2 Food and Beverage
10.10.3 Electronics and Electricity
10.10.4 Construction Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Special Polymers
11.6.2 Construction Chemicals
11.6.3 Industrial Cleaner
11.6.4 Electronic Chemicals
11.6.5 Surface Active Agent
11.6.6 Flavors and Fragrances
11.6.7 Special Coatings
11.6.8 Water-soluble Polymers
11.6.9 Catalyzer
11.6.10 Other (oilfield chemicals
11.6.11 food additives
11.6.12 plastic additives
11.6.13 etc.)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Soap Cleaning Products
11.10.2 Food and Beverage
11.10.3 Electronics and Electricity
11.10.4 Construction Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Special Polymers
12.6.2 Construction Chemicals
12.6.3 Industrial Cleaner
12.6.4 Electronic Chemicals
12.6.5 Surface Active Agent
12.6.6 Flavors and Fragrances
12.6.7 Special Coatings
12.6.8 Water-soluble Polymers
12.6.9 Catalyzer
12.6.10 Other (oilfield chemicals
12.6.11 food additives
12.6.12 plastic additives
12.6.13 etc.)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Soap Cleaning Products
12.10.2 Food and Beverage
12.10.3 Electronics and Electricity
12.10.4 Construction Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Special Polymers
13.6.2 Construction Chemicals
13.6.3 Industrial Cleaner
13.6.4 Electronic Chemicals
13.6.5 Surface Active Agent
13.6.6 Flavors and Fragrances
13.6.7 Special Coatings
13.6.8 Water-soluble Polymers
13.6.9 Catalyzer
13.6.10 Other (oilfield chemicals
13.6.11 food additives
13.6.12 plastic additives
13.6.13 etc.)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Soap Cleaning Products
13.10.2 Food and Beverage
13.10.3 Electronics and Electricity
13.10.4 Construction Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Specialty Chemicals Market: Competitive Dashboard
14.2 Global Specialty Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chevron Phillips Chemical Company
14.3.2 BASF SE
14.3.3 Akzo Nobel N.V.
14.3.4 Clariant International Ltd
14.3.5 Evonik Industries AG
14.3.6 Lanxess
14.3.7 Cytec Industries Inc.
14.3.8 Albemarle Corporatio
14.3.9 Ferro Corporation
14.3.10 Chevron Phillips Chemical Company
