Specialty Chemicals Market

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.

  • Report ID: MC-2440
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 169
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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.

Specialty Chemicals Market Key Takeaways

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.

Specialty Chemicals Market By Types

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.

Specialty Chemicals Market By Regions

Segments

Segments Covered in the Report
The global specialty chemicals market is segmented on the basis of

Types
  • Agro Chemicals
  • Construction Chemicals
  • Paints and Coating
  • Electronic Chemicals
  • Oilfield Chemicals
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 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.

Specialty Chemicals Market By Key Players

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
Segments Covered in the Report
The global specialty chemicals market is segmented on the basis of

Types
  • Agro Chemicals
  • Construction Chemicals
  • Paints and Coating
  • Electronic Chemicals
  • Oilfield Chemicals
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • 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.

Specialty Chemicals Market By Key Players

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