Report Highlights
The global market for specialty chemicals is estimated to increase from $1.3 trillion in 2023 to reach $1.7 trillion by 2029, at a compound annual growth rate (CAGR) of 4.9% from 2024 through 2029.
Report Includes
- 56 data tables and 61 additional tables
- Overview of the global markets for specialty chemicals integrated across multiple vertical applications
- Analyses of the global market trends, with historical market revenue data from 2022, estimates for 2023, forecasts for 2024, and projected CAGRs through 2029
- Estimate of the current market size and revenue prospects for the market, accompanied by a market share analysis based on product type, end-use industry and region
- Facts and figures pertaining to current market dynamics, emerging trends, technologies, regulations, prospects, macro-economic factors in this marketplace
- Analysis of the industry and its supply chain using the Porter’s Five Forces and PESTLE models
- Overview of sustainability trends in the market, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices followed by leading companies
- Identification of the key market participants and an assessment of the competitive landscape
- Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and venture funding
- Company profiles of major players within the industry, including BASF SE, Dow, Evonik Industries AG, LyondellBasell Industries Holdings B.V., and Covestro AG
Report Scope
The report discusses the product types and end-use industries for specialty chemicals. Estimated values are based on manufacturers’ total revenues. Projected revenue values are in constant U.S. dollars, unadjusted for inflation. In this report, the global market for specialty chemicals is segmented by categories:
- Product Type: Coatings, adhesives, sealants, and elastomers (CASE); food and feed additives; plastic additives; electronic chemicals; water treatment chemicals; construction chemicals; oil field chemicals; textile chemicals; mining chemicals; specialty paper and pulp and printing chemicals; and others.
- End-use: Energy, construction materials, industrial manufacturing, automotive and transportation, household and personal care, and others.
- Region: North America; Europe; Asia-Pacific (APAC); South America; and Middle East and Africa.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $1.3 Trillion | ||||||||||||||||
| Market size forecast | $1.7 Trillion | ||||||||||||||||
| Growth rate | CAGR of 4.9% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||
| Segments covered | Product Type, End Use | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, South America, Middle East Africa | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, Spain, Italy, France, Netherlands, U.K., Portugal, Sweden, Hungary, Romania, the Czech Republic, Japan, China, India, Australia, South Korea, Thailand, Indonesia, Singapore, Malaysia, Vietnam, Brazil, Argentina, Colombia, Paraguay, Peru, Saudi Arabia, South Africa, UAE, Israel, Kenya, and Egypt | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing consumption of energy
- Growing demand of electronic vehicles
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for specialty chemicals should increase from $873.38 billion in 2019 to slightly over $1.0 trillion by 2024, with a compound annual growth rate (CAGR) of 3.0% during the forecast period of 2019-2024.
Report Includes
- 55 data tables and 36 additional tables
- Market outlook of the global specialty chemicals integrated across multiple vertical applications
- Analyses of the global market trends, with data corresponding to market size from 2018 and 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Emphasis on the demand for specialty chemicals integrated across multiple vertical applications, such as wastewater treatment, waterproofing chemicals, oilfield process chemicals, manufacturing, construction, cosmetics and toiletries additives, plastic additives etc.
- Elaboration on the influence of government regulations, current trends, technology updates, and economic factors that will shape the future marketplace
- Market share analysis of the key market participants and assessment of their competitive landscape
- A look into the global specialty chemicals industry structure with emphasis on mergers and acquisitions, joint ventures, and innovation strategies adopted by major global players
- Company profiles of the market leading participants, including Akzo Nobel NV, Arkema Group, BASE SE, Bayer AG, DuPont Chemical Co., Evonik Industries AG and Solvay SA
Report Highlights
The global market for specialty chemicals should grow from $153.4 billion in 2018 to $197.8 billion by 2023, with a compound annual growth rate (CAGR) of 5.2% from 2018 through 2023.
Report Includes
- 17 data tables and 17 additional tables
- A brief general outlook of the global specialty chemicals market
- Analyses of the global market trends, with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Information pertaining to demand for specialty chemicals used in major application areas, including waterproofing chemicals, water treatment chemicals, oilfield process chemicals, cosmetics and toiletries additives, plastic additives etc.
- Discussion on the role of government regulations, recent advancements and technological innovations, and economic factors that will shape the future marketplace
- Company profiles of leading market participants within the industry, including Arkema SA, AkzoNobel N.V., Baker Hughes Inc., BASF Corp., Evonik Industries AG and Sanyo Chemical Industries Ltd.
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