Specialty Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Specialty Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021 •
  • 141 pages •
  • Report ID: 6185469 •
  • Format: PDF
The global specialty chemicals market grew at a CAGR of around 5% during 2015-2020.

These chemicals are also known as specialties or effect chemicals and are widely utilized as ingredients in finished products to improve the manufacturing process. These chemicals can be single-chemical entities or formulations producing high-value chemicals, which are used in products vital to consumers. As compared to commodity chemicals, specialty chemicals are produced in lesser volumes. Consequently, they find applications in a wide range of industry verticals, such as chemicals, agriculture, automotive, aerospace, pharmaceutical, and food and beverage (F&B).

The escalating demand for high-performance and function-specific chemicals across different end use industries, such as oil and gas, pulp and paper, personal care and cosmetics, represents one of the significant factors propelling the growth of the specialty chemicals market. Apart from this, the rising concerns about the harmful effects of conventional chemicals on the environment have led to an increase in the demand for user- and environment-friendly specialty chemicals. As a result, leading players are focusing on the development and marketing of specialty chemicals in these variants to expand their product portfolio and improve their overall sales. These players are also investing in research and development (R&D) activities to provide innovative and custom-made specialty chemicals for target applications. However, with the sudden outbreak of the coronavirus disease (COVID-19), the consequent imposition of lockdowns by governing authorities of various countries and temporary closure of various manufacturing units, the market has been adversely impacted. It will experience growth once lockdown restrictions are relaxed. Looking forward, the analyst expects the global specialty chemicals market to exhibit moderate growth during the next five years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global specialty chemicals market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and type.

Breakup by Type:
Polymer Additives
Construction Chemicals
Water Treatment Chemicals
Oil field Chemicals
Food Additives
Electronic Chemicals
Specialty Polymers

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Albemarle Corporation, Ashland Global Holdings Inc., BASF SE, Bayer AG, Clariant AG, Evonik Industries AG (RAG-Stiftung), Huntsman Corporation Solvay S.A. and The Dow Chemical Company.

Key Questions Answered in This Report:
How has the global specialty chemicals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global specialty chemicals market?
What are the key regional markets?
What is the breakup of the market based on the type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global specialty chemicals market and who are the key players?
What is the degree of competition in the industry?