Specialty Chemicals

Global Specialty Chemicals Market to Reach US$ 957.30 Bn by 2027

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The global specialty chemicals market value is expected to reach US$ 957.30 Billion by the end of 2027, decelerating at a CAGR of 4.9% from 2020 to 2027. The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global specialty chemicals market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global specialty chemicals market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the specialty chemicals industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Specialty chemicals are specific types of chemicals that provides various effects to different industries that they serve, for example ink additives, textile, oil & gas, cosmetics, construction, and food. Specialty chemicals are basically manufactured in reactors and are generally entities of chemicals or either single-chemical formulation. Their composition largely influences the performance of the consumer’s product. These chemicals are used on the basis of their performance and function. Significant research & development (R&D) in the specialty chemicals market has facilitated the development of products with advanced and optimum features.

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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.

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.

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.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global specialty chemicals market are as follows:

  • 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

Market Segmentation

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

 Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report includes:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global specialty chemicals market. It examines trends and factors influencing demand for specialty chemicals globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for specialty chemicals across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on specialty chemicals. The report offers estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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.

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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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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