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Specialty Chemicals Market to Grow US$ 957.30 Billion by 2027

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The global Specialty Chemicals market size is expected to surpass around US$ 957.30 billion by 2027 and the market is expected to garner growth at a CAGR of 4.9% over the forecast period 2021 to 2027.

The Specialty Chemicals market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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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.

Market Report Scope

Report Highlights Details
Market Size USD 957.30 Billion by 2027
Growth Rate CAGR of 4.9% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Specialty Chemicals market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Specialty Chemicals market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Specialty Chemicals. The study also provides the dynamics that are responsible for influencing the future status of the Specialty Chemicals market over the forecast period.

A detailed assessment of the Specialty Chemicals market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Specialty Chemicals market along with their product portfolio enhances the reliability of this comprehensive research study.

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.

Regional Snapshots

In 2019, the Asia Pacific led the global specialty chemicals market with prominent revenue share of approximately 36%. This is attributed to the prominent position of China as the leading manufacturing hub for various industries such as automotive, personal care and cosmetics, pharmaceuticals and nutraceuticals, and electrical and electronics, this has primarily contributed for the emergence of the Asia Pacific as the market leader as well as one of the rapidly growing markets for specialty chemicals. Furthermore, trade liberalization, improved standard of living, advancement in the process technology, and flourishing demand for electronic products in other parts of Asia Pacific such as India, Japan, Singapore, Malaysia, Indonesia, many other ASEAN countries propel the growth of specialty chemicals in the region.

On the contrary, Europe expected to be the stable market for products. As per European Chemical Industry Council (Cefic), specialty chemicals sales in European Union accounted for more than 27% of the total chemicals sold in the financial year 2018. Furthermore, it is one of the significant exporting sectors in the region and held nearly 30-35% of the total chemicals exported in the financial year 2018.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • 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

Segments Covered in the Report

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

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

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 2021-2027, 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.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Specialty Chemicals Market, By Application

7.1. Specialty Chemicals Market, by Application Type, 2020-2027
7.1.1. Flavors Ingredients
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Agrochemicals
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Dyes & Pigments
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Fragrances Ingredients
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Water Treatment Chemicals
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Personal Care Active Ingredients
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Surfactants
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Construction Chemicals
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Bio-based Chemicals
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Textile Chemicals
7.1.10.1. Market Revenue and Forecast (2016-2027)
7.1.11. Oilfield Chemicals
7.1.11.1. Market Revenue and Forecast (2016-2027)
7.1.12. Polymer Additive
7.1.12.1. Market Revenue and Forecast (2016-2027)
7.1.13. Electronics Chemicals
7.1.13.1. Market Revenue and Forecast (2016-2027)
7.1.14. Paper & Pulp Chemicals
7.1.14.1. Market Revenue and Forecast (2016-2027)
7.1.15. Pharmaceutical Ingredients
7.1.15.1. Market Revenue and Forecast (2016-2027)
7.1.16. Others
7.1.16.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Specialty Chemicals Market, Regional Estimates and Trend Forecast

8.1. North America
8.1.1. Market Revenue and Forecast, by Application (2016-2027)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Application (2016-2027)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Application (2016-2027)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Application (2016-2027)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Application (2016-2027)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Application (2016-2027)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Application (2016-2027)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Application (2016-2027)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Application (2016-2027)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Application (2016-2027)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Application (2016-2027)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Application (2016-2027)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Application (2016-2027)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Application (2016-2027)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Application (2016-2027)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Application (2016-2027)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Application (2016-2027)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Application (2016-2027)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Application (2016-2027)

Chapter 9. Company Profiles

9.1. BASF SE
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Bayer AG
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Dow, Inc.
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Lanxess AG
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. Evonik Industries AG
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Clariant AG
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. Solvay SA
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. Albemarle Corporation
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives
9.9. Huntsman International LLC
9.9.1. Company Overview
9.9.2. Product Offerings
9.9.3. Financial Performance
9.9.4. Recent Initiatives
9.10. Sumitomo Chemical Company
9.10.1. Company Overview
9.10.2. Product Offerings
9.10.3. Financial Performance
9.10.4. Recent Initiatives
9.11. Nouryon
9.11.1. Company Overview
9.11.2. Product Offerings
9.11.3. Financial Performance
9.11.4. Recent Initiatives
9.12. Ashland LLC.
9.12.1. Company Overview
9.12.2. Product Offerings
9.12.3. Financial Performance
9.12.4. Recent Initiatives
9.13. Merck & Co., Inc.
9.13.1. Company Overview
9.13.2. Product Offerings
9.13.3. Financial Performance
9.13.4. Recent Initiatives
9.14. Henkel Ag & Co. KGAA
9.14.1. Company Overview
9.14.2. Product Offerings
9.14.3. Financial Performance
9.14.4. Recent Initiatives
9.15. Sasol Limited
9.15.1. Company Overview
9.15.2. Product Offerings
9.15.3. Financial Performance
9.15.4. Recent Initiatives
9.16. 3M
9.16.1. Company Overview
9.16.2. Product Offerings
9.16.3. Financial Performance
9.16.4. Recent Initiatives
9.17. PPG Industries Inc.
9.17.1. Company Overview
9.17.2. Product Offerings
9.17.3. Financial Performance
9.17.4. Recent Initiatives
9.18. Koninklijke DSM N.V.
9.18.1. Company Overview
9.18.2. Product Offerings
9.18.3. Financial Performance
9.18.4. Recent Initiatives

Chapter 10. Research Methodology

10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions

Chapter 11. Appendix

11.1. About Us
11.2. Glossary of Terms

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I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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