Pune, India, March 10, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that worldwide specialty chemicals market, valued USD 778.53 billion in 2020, is anticipated to garner strong gains during the forecast period 2021-2026, creditable to high demand from various end-user industries.
The research literature uncovers credible projections by studying historic and current performance metrics like growth rate, sales, and revenue among others. Besides, in-depth segmental analysis is provided to define the overall size and scope of the business. Moreover, the document encompasses a section that paints a clear picture of competitive trends to enable existing stakeholders as well as new entrants to draft robust plans and reap maximum profits in the upcoming years.
Notably, specialty chemicals are utilized for a variety of purposes across several industries such as agriculture, cosmetics, food & beverages, automotive, aerospace, textiles, and manufacturing for a wide range of products like polymers, lubricants, food additives, colors, paints and adhesives, industrial gases, and textile auxiliaries.
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Improving living standards in several developing countries, liberal trade policies, advancements in technology, and burgeoning demand for electronics, R&D activities aimed at improving the product landscape are likely to push the market forward over the analysis timeframe.
Covid-19 impact outlook:
The outbreak of the Covid-19 pandemic and the subsequent restrictions with regards to movement have been detrimental for the growth of the industry as manufacturing processes and end-user industries came to a standstill, causing a decline in product demand.
Regional rundown:
North America, Asia Pacific, and Europe are the major regional contributors to global specialty chemicals industry development. Asia Pacific is anticipated to progress at a strong pace during the forecast period, creditable to strong presence of chemical production industry in countries like India and China, abundance of raw materials, and accessibility to cheap labor.
Meanwhile, North America market is also recording strong growth, mainly due to high consumption of cosmetic chemicals, biocides, corrosion inhibitors, lubricating oil additives, institutional cleaners, and synthetic lubricants in the region.
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Competitive landscape summary:
BASF SE, Evonik industries AG, Albmarle Corporation, Bayer AG, Solvay S.A., Clariant AG, Ashland Global Specialty Chemicals Inc., Akzo Nobel N.V., Dow Chemical Company, and Huntsman Corporation are the prominent players influencing global specialty chemicals market trends.
These companies are directing continuous efforts towards widening their remuneration scope through deliberate endeavors like mergers, acquisitions, partnerships, and R&D investments for new product development.
Global Specialty Chemicals Market by Type (Value, USD Billion, 2016-2026)
- Construction Chemicals
- Dyes & Pigments
- Agrochemicals
- Homecare Ingredients
- Pharmaceutical Chemicals
- Others
Global Specialty Chemicals Market by End Use (Value, USD Billion, 2016-2026)
- Construction
- Agriculture
- Automotive
Global Specialty Chemicals Market by Region (Value, USD Billion, 2016-2026)
North America
- Canada
- United States
Europe
- Italy
- France
- Germany
- United Kingdom
Asia Pacific
- India
- Japan
- China
- South Korea
Global Specialty Chemicals Market by Company Profiles (Value, USD Billion, 2016-2026)
- BASF SE
- Evonik industries AG
- Albmarle Corporation
- Bayer AG
- Solvay S.A.
- Clariant AG
- Ashland Global Specialty Chemicals Inc.
- Akzo Nobel N.V.
- Dow Chemical Company
- Huntsman Corporation
Table of Content:
1. Report Scope and Methodology
2. Strategic Recommendations
3. Specialty Chemicals Market: Product Overview
4. Global Specialty Chemicals Market: An Analysis
4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on Global Specialty Chemicals Market
4.3 Global Specialty Chemicals Market
5. Global Specialty Chemicals Market Segmentation, By Type (Value)
5.1 Global Specialty Chemicals Market: Segment Analysis
5.2 Competitive Scenario of Specialty Chemicals Market: By Type (2020 & 2026)
5.3 By Dyes and Pigments - Market Size and Forecast (2016-2026)
5.4 By Agrochemicals - Market Size and Forecast (2016-2026)
5.5 By Pharmaceutical Chemicals - Market Size and Forecast (2016-2026)
6. Global Specialty Chemicals Market Segmentation, By End User (Value)
6.1 Global Specialty Chemicals Market: Segment Analysis
6.2 Competitive Scenario of Global Specialty Chemicals Market: By End User (2020 & 2026)
6.3 By Agriculture - Market Size and Forecast (2016-2026)
6.4 By Construction - Market Size and Forecast (2016-2026)
6.5 By Automotive - Market Size and Forecast (2016-2026)
6.6 By Others- Market Size and Forecast (2016-2026)
7. Global Specialty Chemicals Market: Regional Analysis
7.1 Competitive Scenario of Global Specialty Chemicals Market: By Region (2020 & 2026)
8. North America Specialty Chemicals Market: An Analysis (2016-2026)
8.1 North America Specialty Chemicals Market by value: Size and Forecast (2016-2026)
8.2 North America Specialty Chemicals Market: Prominent Companies
8.3 Market Segmentation By Type (Dyes and pigments, Agrochemicals, Pharmaceutical Chemicals, Homecare Ingredients, Construction Chemicals, Others)
8.4 Market Segmentation By End User (Agriculture, Construction, Automotive, Others)
8.5 North America Specialty Chemicals Market: Country Analysis
9. Europe Specialty Chemicals Market: An Analysis (2016-2026)
9.1 Europe Specialty Chemicals Market by value: Size and Forecast (2016-2026)
9.2 Europe Specialty Chemicals Market: Prominent Companies
9.3 Market Segmentation By Type (Dyes and pigments, Agrochemicals, Pharmaceutical Chemicals, Homecare Ingredients, Construction Chemicals, Others)
9.4 Market Segmentation By End User (Agriculture, Construction, Automotive, Others)
9.5 Europe Specialty Chemicals Market: Country Analysis
10. Asia Pacific Specialty Chemicals Market: An Analysis (2016-2026)
10.1 Asia Pacific Specialty Chemicals Market by value: Size and Forecast (2016-2026)
10.2 Asia Pacific Specialty Chemicals Market: Prominent Companies
10.3 Market Segmentation By Type (Dyes and pigments, Agrochemicals, Pharmaceutical Chemicals, Homecare Ingredients, Construction Chemicals, Others)
10.4 Market Segmentation By End User (Agriculture, Construction, Automotive, Others)
10.5 Asia Pacific Specialty Chemicals Market: Country Analysis
11. Global Specialty Chemicals Market Dynamics
11.1 Global Specialty Chemicals Market Drivers
11.2 Global Specialty Chemicals Market Restraints
11.3 Global Specialty Chemicals Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness Chart of Global Specialty Chemicals Market - By Type (Year 2026)
12.2 Market Attractiveness Chart of Global Specialty Chemicals Market - By End User (Year 2026)
12.3 Market Attractiveness Chart of Global Specialty Chemicals Market By Region (Year 2026)
13. Competitive Landscape
Related Report:
Global Specialty Oleochemicals Market Size study and Regional Forecasts 2021-2027
Global Specialty Oleochemicals Market to reach USD 36.20 billion by 2027.Global Specialty Oleochemicals Market is valued approximately USD 21.54 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.7 % over the forecast period 2021-2027. Oleochemicals are obtained mainly from plant oils and are widely used to produce cosmetics, lubricants and other chemical products. Growing food processing industry and rising demand for organic products are key drivers for the growth of Specialty Oleochemicals market.
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