Global Specialty Chemicals Market 2022-2028

Global Specialty Chemicals Market 2022-2028

Specialty chemicals, also known as performance chemicals, are used as ingredients in finished products and to improve manufacturing processes. The applications of speciality chemicals include boosting construction, pharmaceutical products processing, chemical and intermediates processing, food processing and ingredients for household, coatings and paper trading, and transportation The global specialty chemicals market was valued at USD 961 billion in 2021 to USD 1,182 billion by 2028, progressing at a CAGR of 3% from 2022 to 2028, according to Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global specialty chemicals market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the specialty chemicals industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for specialty chemicals can be segmented by product: CASE (coating, adhesives, sealants and elastomers), construction chemicals, electronic chemicals, food additives, mining chemicals, oil field chemicals, plastic additives, specialty paper chemicals, textile chemicals, water treatment chemicals, others. In 2021, the CASE segment made up the largest share of revenue generated by the specialty chemicals market. Specialty chemicals market is further segmented by end user: automotive and transportation, building and construction, energy, household and personal care, manufacturing, others. The energy segment was the largest contributor to the global specialty chemicals market in 2021. Based on region, the specialty chemicals market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Asia Pacific is estimated to account for the largest share of the global specialty chemicals market.

By product:

• CASE (coating, adhesives, sealants and elastomers)
• construction chemicals
• electronic chemicals
• food additives
• mining chemicals
• oil field chemicals
• plastic additives
• specialty paper chemicals
• textile chemicals
• water treatment chemicals
• others

By end user:

• automotive and transportation
• building and construction
• energy
• household and personal care
• manufacturing
• others

By region:

• Asia Pacific
• Europe
• North America
• Rest of the World (RoW)

The mining chemicals market is further segmented into collectors, flocculants, frothers, grinding aids, solvent extractants, others. Among these, the grinding aids segment was accounted for the highest revenue generator in 2021. Furthermore, the specialty paper and pulp and printing chemicals market has been categorized into basic chemicals, bleaching chemicals, functional chemicals, processing chemicals. The functional chemicals segment captured the largest share of the market in 2021 and is expected to maintain its dominance during the forecast period. The construction chemicals market is further divided into coatings, concrete admixtures, construction adhesives and sealants, others. According to the research, the concrete admixtures segment had the largest share in the global specialty chemicals market.

The report explores the recent developments and profiles of key vendors in the Global Specialty Chemicals Market, including Aarti Industries Ltd., Akzo Nobel N.V., Albemarle Corporation, Arkema S.A., Ashland Global Holdings Inc., BASF SE, Bayer AG, Cabot Corporation, Chevron Corporation, China National Chemical Corporation, Clariant AG, Croda International plc, Double Bond Chemical Ind., Co., Ltd., DuPont de Nemours Inc., Eastman Chemical Company, Evonik Industries AG, Ferro Corporation, Huntsman Corporation, INEOS Group AG, Kemira Oyj, Lanxess AG, Lonza Group AG, Lubrizol Corporation, Solvay S.A., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global specialty chemicals market.
• To classify and forecast the global specialty chemicals market based on product, end user, region.
• To identify drivers and challenges for the global specialty chemicals market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global specialty chemicals market.
• To identify and analyze the profile of leading players operating in the global specialty chemicals market.

Why Choose This Report

• Gain a reliable outlook of the global specialty chemicals market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.