Specialty Chemicals Market by Types (Agro-chemicals, Construction Chemicals, Paints & Coating, Electronic Chemicals, and Oilfield Chemicals), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.
The global specialty chemicals market size was valued at USD 900 billion in 2020 and is projected to expand at a substantial CAGR during the forecast period 2021 - 2028. Growth of the market is attributed to rising growth of construction activities.
Chemical compounds utilized in range of industries, including construction chemicals, paints & coatings, textile chemicals, mining chemicals, plastic additives, and others are known as specialty chemicals. One of the primary growth factors is estimated to be raising demand for high-performance and function-specific chemicals across end-user sectors such as oil & gas, pulp & paper, and personal care & cosmetics. Negative effects of traditional chemicals on the environment and humans have spurred a need for user-friendly and environment friendly specialized chemicals. As a result, numerous businesses have moved their focus to the production and marketing of specialty chemicals in order to differentiate themselves from traditional fine and commodity chemical producers. Increasing use of rechargeable, downsized, and sustainable electronic components has resulted in a huge demand for devices that may provide improved performance while requiring less maintenance. This has resulted in a significant increase in demand for specialty chemicals from the electrical and electronics industries.
The Covid-19 pandemic affected the demand and supply of global specialty chemicals market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand from multiple industries is projected to drive the market.
- Rising demand for high performance has encouraged the adoption of chemical components; this in turn has fueled the market.
- Negative effect on human health and environment is estimated to hinder the market growth.
- Development of environment friendly chemicals is anticipated to create immense opportunities for the market players.
Scope of the Report
The report on the global specialty chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Specialty Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Types (Agro- chemicals, Construction Chemicals, Paints & Coating, Electronic Chemicals, and Oilfield Chemicals) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | 3M; BASF SE; H.B. Fuller; Huntsman International LLC; and Henkel AG & Co. KGaA |
Market Segment Insights:
The agro chemicals segment is projected to hold a major market share
Based on types, the global specialty chemicals market is segregated into agro-chemicals, construction chemicals, paints & coating, electronic chemicals, and oilfield chemicals. The agro chemicals segment is estimated to increase at a high CAGR during the forecast period. The segment's expansion is mainly fueled by the world's increasing need for food and decreasing per capita arable land. The demand for food is increasing as the population grows. Providing food for this expanding population has become a challenge. Arable land, on the other hand, is disappearing as a result of industrialization and urbanization. Fertilizers have been used to boost crop productivity for a long time, resulting in increased demand for agrochemicals during the forecast period.
The market in Asia Pacific is projected to hold a major market share
In terms of regions, the global specialty chemicals market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market. The region's growing population, particularly in nations like China and India, is driving food demand. The expansion of the service sector in Asia Pacific is driving the demand in construction sector, resulting in increased demand for office space, increased residential construction projects, and inflow of investments from multi-national companies looking to establish an industrial base in the region. The construction sector in China and India is predicted to grow as their population increases. The Chinese government has announced large development plans, including plans for the relocation of 250 million people to new megacities over the next ten years, presenting a significant opportunity for the industry players.
Segments
Segments Covered in the ReportThe global specialty chemicals market is segmented on the basis of
Types
- Agro Chemicals
- Construction Chemicals
- Paints and Coating
- Electronic Chemicals
- Oilfield Chemicals
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- 3M
- BASF SE
- H.B. Fuller
- Huntsman International LLC
- Henkel AG & Co.
- KGaA
Competitive Landscape
Major players competing in the specialty chemicals market include 3M, BASF SE, H.B. Fuller, Huntsman International LLC, and Henkel AG & Co. KGaA.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Chemicals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Specialty Chemicals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specialty Chemicals Market - Supply Chain
4.5. Global Specialty Chemicals Market Forecast
4.5.1. Specialty Chemicals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Chemicals Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Specialty Chemicals Market Absolute $ Opportunity
5. Global Specialty Chemicals Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Specialty Chemicals Market Size and Volume Forecast by Types
5.3.1. Agro Chemicals
5.3.2. Construction Chemicals
5.3.3. Paints and Coating
5.3.4. Electronic Chemicals
5.3.5. Oilfield Chemicals
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Specialty Chemicals Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Specialty Chemicals Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Specialty Chemicals Demand Share Forecast, 2019-2026
7. North America Specialty Chemicals Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Specialty Chemicals Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Specialty Chemicals Market Size and Volume Forecast by Types
7.4.1. Agro Chemicals
7.4.2. Construction Chemicals
7.4.3. Paints and Coating
7.4.4. Electronic Chemicals
7.4.5. Oilfield Chemicals
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Specialty Chemicals Demand Share Forecast, 2019-2026
8. Latin America Specialty Chemicals Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Specialty Chemicals Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Specialty Chemicals Market Size and Volume Forecast by Types
8.4.1. Agro Chemicals
8.4.2. Construction Chemicals
8.4.3. Paints and Coating
8.4.4. Electronic Chemicals
8.4.5. Oilfield Chemicals
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Specialty Chemicals Demand Share Forecast, 2019-2026
9. Europe Specialty Chemicals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Specialty Chemicals Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Specialty Chemicals Market Size and Volume Forecast by Types
9.4.1. Agro Chemicals
9.4.2. Construction Chemicals
9.4.3. Paints and Coating
9.4.4. Electronic Chemicals
9.4.5. Oilfield Chemicals
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Specialty Chemicals Demand Share Forecast, 2019-2026
10. Asia Pacific Specialty Chemicals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Specialty Chemicals Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Specialty Chemicals Market Size and Volume Forecast by Types
10.4.1. Agro Chemicals
10.4.2. Construction Chemicals
10.4.3. Paints and Coating
10.4.4. Electronic Chemicals
10.4.5. Oilfield Chemicals
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Specialty Chemicals Demand Share Forecast, 2019-2026
11. Middle East & Africa Specialty Chemicals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Specialty Chemicals Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Specialty Chemicals Market Size and Volume Forecast by Types
11.4.1. Agro Chemicals
11.4.2. Construction Chemicals
11.4.3. Paints and Coating
11.4.4. Electronic Chemicals
11.4.5. Oilfield Chemicals
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Specialty Chemicals Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Specialty Chemicals Market: Market Share Analysis
12.2. Specialty Chemicals Distributors and Customers
12.3. Specialty Chemicals Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. 3M
12.4.2. BASF SE
12.4.3. H.B. Fuller
12.4.4. Huntsman International LLC
12.4.5. Henkel AG & Co.
12.4.6. KGaA
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Chemicals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Specialty Chemicals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specialty Chemicals Market - Supply Chain
4.5. Global Specialty Chemicals Market Forecast
4.5.1. Specialty Chemicals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Chemicals Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Specialty Chemicals Market Absolute $ Opportunity
5. Global Specialty Chemicals Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Specialty Chemicals Market Size and Volume Forecast by Types
5.3.1. Agro Chemicals
5.3.2. Construction Chemicals
5.3.3. Paints and Coating
5.3.4. Electronic Chemicals
5.3.5. Oilfield Chemicals
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Specialty Chemicals Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Specialty Chemicals Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Specialty Chemicals Demand Share Forecast, 2019-2026
7. North America Specialty Chemicals Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Specialty Chemicals Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Specialty Chemicals Market Size and Volume Forecast by Types
7.4.1. Agro Chemicals
7.4.2. Construction Chemicals
7.4.3. Paints and Coating
7.4.4. Electronic Chemicals
7.4.5. Oilfield Chemicals
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Specialty Chemicals Demand Share Forecast, 2019-2026
8. Latin America Specialty Chemicals Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Specialty Chemicals Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Specialty Chemicals Market Size and Volume Forecast by Types
8.4.1. Agro Chemicals
8.4.2. Construction Chemicals
8.4.3. Paints and Coating
8.4.4. Electronic Chemicals
8.4.5. Oilfield Chemicals
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Specialty Chemicals Demand Share Forecast, 2019-2026
9. Europe Specialty Chemicals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Specialty Chemicals Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Specialty Chemicals Market Size and Volume Forecast by Types
9.4.1. Agro Chemicals
9.4.2. Construction Chemicals
9.4.3. Paints and Coating
9.4.4. Electronic Chemicals
9.4.5. Oilfield Chemicals
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Specialty Chemicals Demand Share Forecast, 2019-2026
10. Asia Pacific Specialty Chemicals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Specialty Chemicals Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Specialty Chemicals Market Size and Volume Forecast by Types
10.4.1. Agro Chemicals
10.4.2. Construction Chemicals
10.4.3. Paints and Coating
10.4.4. Electronic Chemicals
10.4.5. Oilfield Chemicals
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Specialty Chemicals Demand Share Forecast, 2019-2026
11. Middle East & Africa Specialty Chemicals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Specialty Chemicals Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Specialty Chemicals Market Size and Volume Forecast by Types
11.4.1. Agro Chemicals
11.4.2. Construction Chemicals
11.4.3. Paints and Coating
11.4.4. Electronic Chemicals
11.4.5. Oilfield Chemicals
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Specialty Chemicals Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Specialty Chemicals Market: Market Share Analysis
12.2. Specialty Chemicals Distributors and Customers
12.3. Specialty Chemicals Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. 3M
12.4.2. BASF SE
12.4.3. H.B. Fuller
12.4.4. Huntsman International LLC
12.4.5. Henkel AG & Co.
12.4.6. KGaA
Segments Covered in the Report
The global specialty chemicals market is segmented on the basis of
Types
The global specialty chemicals market is segmented on the basis of
Types
- Agro Chemicals
- Construction Chemicals
- Paints and Coating
- Electronic Chemicals
- Oilfield Chemicals
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- 3M
- BASF SE
- H.B. Fuller
- Huntsman International LLC
- Henkel AG & Co.
- KGaA
Major players competing in the specialty chemicals market include 3M, BASF SE, H.B. Fuller, Huntsman International LLC, and Henkel AG & Co. KGaA.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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