Specialty Chemical Market Size, Share, Growth Analysis Report By Product Type (Agrochemicals, Dyes and Pigments, Construction Chemicals, Speciality Polymers, Textile Chemicals, Base Ingredients, Surfactants, Functional Ingredients, Water Treatments, Others), By End-Use (Industrial, Construction, Cosmetics and Personal Care, Pharmaceutical, Electrical & Electronics, Mining and Oilfield, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030


Report Code: CMI11853

Published Date: July 2022

Pages: 220

Category: Specialty Chemicals

Reports Description

Growing demand for high-performance and function-specific chemicals

The report on “Global Specialty Chemicals Market” includes comprehensive information regarding the market’s historical and current estimations, future projections, market trends, competition, market dynamics as well as recent developments in the Specialty Chemicals Market forecast from 2022 to 2030. The global Specialty chemicals market size was valued at USD 627.7 billion in 2021 and is estimated to be USD 886.2 billion in 2030 with a compound annual growth rate (CAGR) of 4.3% from 2020 to 2030.

Speciality Chemicals Market By Type

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Specialty Chemicals Market: Overview

Specialty chemicals are referred to as specialities or effect chemicals that offer various effects. These chemicals are used across several sectors. Specialty chemicals are categorized into types of adhesives, agrochemicals, cosmetic and cleaning materials, construction chemicals, etc. Key sectors that use Specialty chemicals include automotive, aviation, food& beverages, and cosmetics. There is increasing demand from agriculture, industrial, and textile industries as well.

Specialty Chemicals Market: COVID – 19Impact Analysis

The COVID-19 outbreak has disturbed the supply chain for Specialty chemicals across the globe. However, the market has picked up pace due to the high product demand over the past few years.

Previously, the demand for Specialty chemicals was experiencing severe shocks across the end-use sector with global supply chain disruption and stock prices of chemical companies have taken unprecedented hits. As global supply chains are restored and governments are boosting the economy with stimulus packages, the market will observe futuristic growth over the forecasted period.

Specialty Chemicals Market: Growth Drivers

Demand from the cosmetics and personal care sector to drive market growth

The growing demand for cosmetic adhesives and rapid expansion of the personal care industry post-pandemic are key factors associated with rising product demand. Focus on personal hygiene among the young population is a recurrent growth factor. However, the rising demand for hand Specialty, liquid sprays, soaps, and germ safeguard wipes is attributed to Covid-19. Additionally, Specialty chemicals are widely used in skin and hair products. These factors will boost market growth over the forecasted products.

Construction sector to fuel product demand

Specialty chemicals help to improve the structural and decorative quality of building materials. Specialty chemicals further extend the shelf life of the structure. The real estate sector has witnessed a massive boom in North America, Asia-pacific and Latin America with countries like India, China, The USA and Brazil leading the regions. Ever-expanding development projects and regular maintenance works have further driven demand for Specialty chemicals in the construction sector over the past decade.

The use of Specialty chemicals gives strength to the concrete structure and reduces maintenance work. Surface treatment chemicals, foaming agents, and coatings have witnessed massive demand and are expected to drive Specialty chemicals market growth over the forecasted period.

Specialty Chemical Market (By End-Use)

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Electrical and Electronics to emerge as new market frontier

The Specialty chemicals are increasingly used in rechargeable batteries, microelectronics, and electrical harnesses. The large product demand in the electrical and electronic sector resulted in market growth. The key advantage of Specialty chemicals used in electrical components is enhanced performance with lesser maintenance.

The electrical and electronics end-use sector utilize different types of highly sophisticated Specialty chemicals. These chemicals are used in many processing steps during the production of electronic components and products, which include silicon wafers and integrated circuits. Additionally, Specialty chemicals are widely adopted for packaging and printed circuit boards (PCBs). Electrical and electronics market will further drive demand for Specialty chemicals with increasing adoption in compound semiconductors and optoelectronics, and in the production of flat panel display products.

Specialty Chemicals Market: Segmentation Analysis

The Specialty Chemicals Market is segmented into product type and end-use sector. By product type, the agrochemicals segment is estimated to hold the largest market share in 2021. The demand for dyes is boosting the growth of the market. The chemical composition and effectiveness of these chemicals have driven the market demand in the construction and textile sector. Based on end-use, the industrial sector is estimated to be the leading segment in 2021.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 627.7 Billion
Projected Market Size in 2030 USD 886.2 Billion
CAGR Growth Rate 4.3% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Solvay AG, Evonik Industries AG, Clariant AG, Akzo Nobel N.V., BASF SE, KemiraOyj, LANXESS AG, Croda International Plc, Huntsman International LLC, The Lubrizol Corporation, Albemarle Corporation, and Others
Key Segment By Product Type, End-Use, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights:

  • As per the analysis shared by our research analyst, the Specialty Chemicals Market is estimated to grow annually at a CAGR of around 4.3% over the forecast period (2022-2030).
  • In terms of revenue, the Specialty Chemicals Market is primarily driven by the industrial and construction sectors with rising demand from the electrical and electronics sectors in recent times.
  • Based on product type segmentation, the agrochemicals segment was estimated to show maximum market share in the year 2021.
  • Based on the end-use sector, the industrial segment was the leading revenue-generating category in 2021.
  • On the basis of region, the Asia Pacific region is the leading market with countries such as China and India dominating regional market growth.

Recent Development

  • June 2022: UPL’s Specialty chemicals arm acquires 100% stake in Kudos Chemie. After the acquisition, Kudos has become a step-down wholly-owned subsidiary of UPL Specialty Chemicals
  • July 2022: Syngene International signs a 10-year agreement with US-based firm Zoetis.“This agreement initially centred on Librela paves the way for the development and manufacturing of other molecules in the coming years and is expected to be worth up to $ 500 million to Syngene over 10 years, subject to regulatory approvals and market demand,” the company said.

Regional Landscape

Asia-Pacific region is leading the Global Specialty Chemicals Market in 2021 with the presence of large manufacturers and local players. China dominated the Asia-Pacific region and has been driven by new strategies to gain a global presence.  China’s growth in Specialty chemicals over the last decades is characterized by significant R&D investment and intense competition. Chinese manufacturing is primarily driven by production technology and widely available raw materials. The Chinese government has financed several projects to influence production capability in China. These factors have led to rampant overcapacity in chemical manufacturing.

Speciality Chemicals Market (trends by region)

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The United States has led the North American region in terms of revenue generation. The USA is the second-largest producer of paints & coatings across the globe. Massive demand from the construction sector and the rising consummation of architectural coatings will drive product demand in the region. Residential construction in the United States is steering the market growth over the forecasted period.

Competitive Landscape

The global Specialty chemicals market is consolidated among large chemical manufacturers, however, several local manufacturers have gained a market foothold post-pandemic. Large manufacturers focus on R&D efforts to maintain a competitive edge. The key players include Solvay AG, Evonik Industries, Inc., Clariant, Akzo Nobel, BASF, Huntsman International LLC, KemiraOyj, Albemarle Corp, and Croda International Plc.

The Global Specialty Chemicals Market is segmented as follows:

By Product Type

  • Agrochemicals
  • Dyes and Pigments
  • Construction Chemicals
  • Specialty Polymers
  • Textile Chemicals
  • Base Ingredients
  • Surfactants
  • Functional Ingredients
  • Water Treatments
  • Others

By End-Use

  • Industrial
  • Construction
  • Cosmetics and Personal Care
  • Pharmaceutical
  • Electrical & Electronics
  • Mining and Oilfield
  • Others

By Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Specialty Chemical Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Specialty Chemical Market: snapshot
  • Chapter 3. Global Specialty Chemical Market – Industry Analysis
    • 3.1 Specialty Chemical Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing demand for cosmetic adhesives
      • 3.2.2 Rising demand from industrial and institutional cleaners
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness Analysis By Product Type
      • 3.7.2 Market attractiveness analysis By End-Use
  • Chapter 4. Global Specialty Chemical Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Specialty Chemical Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Specialty Chemical Market – Product Type Analysis
    • 5.1 Global Specialty Chemical Market overview: By Product Type
      • 5.1.1 Global Specialty Chemical Market share, By Product Type, 2021 and 2030
    • 5.2 Agrochemicals
      • 5.2.1 Global Specialty Chemical Market by Agrochemicals, 2022 – 2030 (USD Billion)
    • 5.3 Dyes and Pigments
      • 5.3.1 Global Specialty Chemical Market by Dyes and Pigments, 2022 – 2030 (USD Billion)
    • 5.4 Construction Chemicals
      • 5.4.1 Global Specialty Chemical Market by Construction Chemicals, 2022 – 2030 (USD Billion)
    • 5.5 Specialty Polymers
      • 5.5.1 Global Specialty Chemical Market by Specialty Polymers, 2022 – 2030 (USD Billion)
    • 5.6 Textile Chemicals
      • 5.6.1 Global Specialty Chemical Market by Textile Chemicals, 2022 – 2030 (USD Billion)
    • 5.7 Base Ingredients
      • 5.7.1 Global Specialty Chemical Market by Base Ingredients, 2022 – 2030 (USD Billion)
    • 5.8 Surfactants
      • 5.8.1 Global Specialty Chemical Market by Surfactants, 2022 – 2030 (USD Billion)
    • 5.9 Functional Ingredients
      • 5.9.1 Global Specialty Chemical Market by Functional Ingredients, 2022 – 2030 (USD Billion)
    • 5.10 Water Treatments
      • 5.10.1 Global Specialty Chemical Market by Water Treatments, 2022 – 2030 (USD Billion)
    • 5.11 Others
      • 5.11.1 Global Specialty Chemical Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Specialty Chemical Market – End-Use Analysis
    • 6.1 Global Specialty Chemical Market overview: By End-Use
      • 6.1.1 Global Specialty Chemical Market share, By End-Use, 2021 and 2030
    • 6.2 Industrial
      • 6.2.1 Global Specialty Chemical Market by Industrial, 2022 – 2030 (USD Billion)
    • 6.3 Construction
      • 6.3.1 Global Specialty Chemical Market by Construction, 2022 – 2030 (USD Billion)
    • 6.4 Cosmetics and Personal Care
      • 6.4.1 Global Specialty Chemical Market by Cosmetics and Personal Care, 2022 – 2030 (USD Billion)
    • 6.5 Pharmaceutical
      • 6.5.1 Global Specialty Chemical Market by Pharmaceutical, 2022 – 2030 (USD Billion)
    • 6.6 Electrical & Electronics
      • 6.6.1 Global Specialty Chemical Market by Electrical & Electronics, 2022 – 2030 (USD Billion)
    • 6.7 Mining and Oilfield
      • 6.7.1 Global Specialty Chemical Market by Mining and Oilfield, 2022 – 2030 (USD Billion)
    • 6.8 Others
      • 6.8.1 Global Specialty Chemical Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 7. Specialty Chemical Market – Regional Analysis
    • 7.1 Global Specialty Chemical Market Regional Overview
    • 7.2 Global Specialty Chemical Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Specialty Chemical Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Specialty Chemical Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Specialty Chemical Market, by Product Type, 2022 – 2030
      • 7.4.1 North America Specialty Chemical Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Specialty Chemical Market, by End-Use, 2022 – 2030
      • 7.5.1 North America Specialty Chemical Market, by End-Use, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Specialty Chemical Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Specialty Chemical Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Specialty Chemical Market, by Product Type, 2022 – 2030
      • 7.7.1 Europe Specialty Chemical Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Specialty Chemical Market, by End-Use, 2022 – 2030
      • 7.8.1 Europe Specialty Chemical Market, by End-Use, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Specialty Chemical Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Specialty Chemical Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Specialty Chemical Market, by Product Type, 2022 – 2030
      • 7.10.1 Asia Pacific Specialty Chemical Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Specialty Chemical Market, by End-Use, 2022 – 2030
      • 7.11.1 Asia Pacific Specialty Chemical Market, by End-Use, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Specialty Chemical Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Specialty Chemical Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Specialty Chemical Market, by Product Type, 2022 – 2030
      • 7.13.1 Latin America Specialty Chemical Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Specialty Chemical Market, by End-Use, 2022 – 2030
      • 7.14.1 Latin America Specialty Chemical Market, by End-Use, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Specialty Chemical Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Specialty Chemical Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Specialty Chemical Market, by Product Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Specialty Chemical Market, by Product Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Specialty Chemical Market, by End-Use, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Specialty Chemical Market, by End-Use, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Solvay AG
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Evonik Industries AG
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Clariant AG
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Akzo Nobel N.V.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 BASF SE
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 KemiraOyj
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 LANXESS AG
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Croda International Plc
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Huntsman International LLC
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 The Lubrizol Corporation
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Albemarle Corporation
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Specialty Chemical Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Specialty Chemical Market Attractiveness, By Product Type
  • 6. Global Specialty Chemical Market Attractiveness, By End-Use
  • 7. Global Specialty Chemical Market share by Product Type, 2022 and 2030 (USD Billion)
  • 8. Global Specialty Chemical Market by Agrochemicals, 2022 – 2030 (USD Billion)
  • 9. Global Specialty Chemical Market by Dyes and Pigments, 2022 – 2030 (USD Billion)
  • 10. Global Specialty Chemical Market by Construction Chemicals, 2022 – 2030 (USD Billion)
  • 11. Global Specialty Chemical Market by Specialty Polymers, 2022 – 2030 (USD Billion)
  • 12. Global Specialty Chemical Market by Textile Chemicals, 2022 – 2030 (USD Billion)
  • 13. Global Specialty Chemical Market by Base Ingredients, 2022 – 2030 (USD Billion)
  • 14. Global Specialty Chemical Market by Surfactants, 2022 – 2030 (USD Billion)
  • 15. Global Specialty Chemical Market by Functional Ingredients, 2022 – 2030 (USD Billion)
  • 16. Global Specialty Chemical Market by Water Treatments, 2022 – 2030 (USD Billion)
  • 17. Global Specialty Chemical Market by Others, 2022 – 2030 (USD Billion)
  • 18. Global Specialty Chemical Market share by End-Use, 2022 and 2030 (USD Billion)
  • 19. Global Specialty Chemical Market by Industrial, 2022 – 2030 (USD Billion)
  • 20. Global Specialty Chemical Market by Construction, 2022 – 2030 (USD Billion)
  • 21. Global Specialty Chemical Market by Cosmetics and Personal Care, 2022 – 2030 (USD Billion)
  • 22. Global Specialty Chemical Market by Pharmaceutical, 2022 – 2030 (USD Billion)
  • 23. Global Specialty Chemical Market by Electrical & Electronics, 2022 – 2030 (USD Billion)
  • 24. Global Specialty Chemical Market by Mining and Oilfield, 2022 – 2030 (USD Billion)
  • 25. Global Specialty Chemical Market by Others, 2022 – 2030 (USD Billion)
  • 26. Global Specialty Chemical Market share, by Region, 2022 and 2030
  • 27. North America Specialty Chemical Market, 2022 – 2030 (USD Billion)
  • 28. Europe Specialty Chemical Market, 2022 – 2030 (USD Billion)
  • 29. Asia Pacific Specialty Chemical Market, 2022 – 2030 (USD Billion)
  • 30. Latin America Specialty Chemical Market, 2022 – 2030 (USD Billion)
  • 31. The Middle-East and Africa Specialty Chemical Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Specialty Chemical Market: Snapshot
  • 2. Drivers of the Specialty Chemical Market: impact analysis
  • 3. North America Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 4. North America Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 5. U.S. Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 7. Canada Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 8. Canada Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 9. Europe Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 10. Europe Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 11. Germany Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 12. Germany Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 13. France Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 14. France Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 15. U.K. Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 17. Italy Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 18. Italy Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 19. Spain Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 20. Spain Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 25. China Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 26. China Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 27. Japan Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 28. Japan Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 29. India Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 30. India Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 31. South Korea Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 37. Latin America Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 39. Brazil Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 41. Mexico Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 49. South Africa Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Specialty Chemical Market Revenue, By Product Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Specialty Chemical Market Revenue, By End-Use, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the Global Specialty Chemicals Market:

  • Solvay AG
  • Evonik Industries AG
  • Clariant AG
  • Akzo Nobel N.V.
  • BASF SE
  • KemiraOyj
  • LANXESS AG
  • Croda InternationalPlc
  • Huntsman International LLC
  • The Lubrizol Corporation
  • Albemarle Corporation

FAQs

“Asia-Pacific” region will lead the global specialty chemical market during the forecast period 2022 to 2030.

The growing demand for cosmetic adhesives and rapid expansion of the personal care industry post-pandemic are key factors associated with rising product demand.

The key players operating in the specialty chemical market are Solvay AG, Evonik Industries AG, Clariant AG, Akzo Nobel N.V., BASF SE, KemiraOyj, LANXESS AG, Croda International Plc, Huntsman International LLC, The Lubrizol Corporation, Albemarle Corporation, and Others.

The global specialty chemical market is expanding growth with a CAGR of approximately 4.3% during the forecast period (2022 to 2030).

The global specialty chemical market size was valued at US$ 627.7 billion in 2021 and it is projected to reach around US$ 886.2 billion by 2030.

 

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