The specialty chemicals market is expected to acheive a CAGR of 3.24% (in volume terms) during the forecast period 2018-2023.
Specialty chemicals are generally defined within the chemical industry as niche chemicals and polymers with unique functions to enhance performance. They are used in a variety of industries, including waste water treatment, textiles, paints, agriculture, oil & gas, electronics and consumer goods. Construction chemicals, specialty polymers and electronic chemicals hold the highest market segment collectively accounting for about 30% of the market share, due to their demand from their end user industries. The key markets for these chemicals include electronics, textiles, construction and agro chemicals industry.
The specialty chemicals industry has experienced slower growth and lower overall profitability within a more competitive environment in the past 10 years, than in the preceding period. The combined consumption in North America, Western Europe and Japan will grow very slowly dueing the forecast period.
The global specialty chemicals market is driven by number of factors such as growing demand for high-performance coatings, continuous shale gas development boosting demand for polyolefin catalysts, and rising demand from end-user industries. However, this market faces certain drawbacks such as low crude oil prices and stringent environmental regulations governing specialty chemicals. The aforementioned factors may act as a roadblock to the growth of the market.
The global specialty chemicals market, on the basis of type can be broadly segmented into adhesives & sealants, catalysts, construction chemicals, cosmetic chemicals, dyes, inks, & pigments, electronic chemicals, flavors & fragrances, food additives, foundry chemicals, industrial & institutional cleaners, lubricants & oil additives, oil field chemicals, mining chemicals, paints & coatings, plastic additives, rubber processing chemicals, specialty polymers, textile chemicals, and water treatment chemicals. The aforementioned types has been further sub-segmented on the basis of technology, function, applications, type, and plastic type.
Furthermore, the rising R&D activities for the development of the innovative products to meet the environmental regulation will offer numerous opportunities for the growth of the global Specialty Chemicals market. Some of the major companies dominating the market with their products and services are the Dow Chemicals Co., Ashland Inc., BASF SE, Henkel AG & Co. KGaA, Huntsman Corp., Solvay SA, Evonik Industries AG, and Albermarle.
Key Notable Development in the Market
Akzo Nobel gained shareholder approval to spin off its EUR 10 billion (USD 11.9 billion) chemicals division. The company’s chief executive Thierry Vanlancker declared the decision necessary for further growth of the company and was backed by 99.9% of shareholders in a vote in Amsterdam.
Key Deliverables in the Study
Market analysis for the Global Specialty Chemicals Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Specialty Chemicals market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
1.1 Scope of the Report
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Raw Material Analysis
3.3 Industry Attractiveness - Porter’s Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Demand for High-Performance Coatings
4.1.2 Continuous Shale Gas Development Boosting Demand for Polyolefin Catalysts
4.1.3 Increasing Demand from End-User Industries
4.1.4 Dynamic Economic Development in Asia Pacific
4.2.1 Volatile Crude Oil Prices
4.2.2 Stringent Environmental Regulations Governing Specialty Chemicals
4.2.3 Strict Surveillance of Phthalate-Based Catalyst
4.3.1 Growing R&D Activities for the Development of Innovative Products
5. Market Segmentation and Analysis (Market Size, Forecast, Cagr)
5.1 Adhesives & Sealants (Segmented by Technology)
5.1.2 Solvent-Borne Adhesives
5.1.3 Hot Melt Adhesives
5.1.4 Reactive Adhesives
5.2 Catalysts (Segmented by Function)
5.2.1 Chemical Synthesis Catalysts
5.2.2 Petroleum Refining Catalysts
5.2.3 Polymerization Catalysts
5.3 Construction Chemicals (Segmented by Application)
5.4 Cosmetic Chemicals (Segmented by Application)
5.4.2 Skin Care
5.4.3 Oral Care
5.4.4 Personal Hygiene
5.5 Dyes, Inks, & Pigments (Segmented by Type)
5.5.3 Organic Pigments
5.5.4 Inorganic Pigments
5.6 Electronic Chemicals (Segmented by Application)
5.6.1 Semiconductors & Integrated Circuits
5.6.2 Printed Circuit Boards
5.7 Flavors & Fragrances (Segmented by Type)
5.8 Food Additives (Segmented by Type)
5.8.1 Natural Additives
5.8.2 Synthetic Additives
5.9 Foundry Chemicals (Segmented by Application Sector)
5.9.1 Iron & Steel
5.9.2 Non Ferrous Metals
5.10 Lndustrial & Lnstitutional Cleaners (Segmented by Application)
5.10.1 General Purpose Cleaners
5.10.2 Floor Care Products
5.10.3 Ware-Washing Detergents
5.10.4 Disinfectants & Sanitizers
5.10.5 Laundry Care Products
5.10.6 Vehicle Wash Products
5.10.7 Hand Cleansers
5.11 Lubricants & Oil Additives (Segmented by Type)
5.11.1 Bio-Based Lubricants
5.11.2 Mineral Oil Lubricants
5.11.3 Synthetic Lubricants
5.12 Mining Chemicals (Segmented by Application)
5.12.1 Blasting & Drilling
5.12.2 Mineral Processing
5.12.3 Water & Waste Treatment
5.13 Oilfield Chemicals (Segmented by Type)
5.13.2 Corrosion & Scale Inhibitors
5.14 Paints & Coatings (Segmented by Application)
5.14.1 Industrial Coatings
5.14.2 Architectural Coatings
5.14.3 Specialty Coatings
5.15 Plastic Additives (Segmentation by Plastic Type)
5.15.1 Commodity Plastics
5.15.2 Engineering and High Performance Plastics
5.16 Rubber Processing Chemicals (Segmented by Application)
5.17 Specialty Polymers (Segmentation by Type)
5.17.1 Specialty Elastomers
5.17.2 Specialty Composites
5.17.3 Specialty Thermoplastics
5.17.4 Specialty Thermosets
5.18 Textile Chemicals (Segmented by Application)
5.18.2 Automotive Textiles
5.18.4 Home Furnishing
5.18.5 Industrial Textiles
5.18.6 Smart-Textiles for Military & Defense
5.19 Water Treatment Chemicals (Segmented by Function)
5.19.1 Biocides & Disinfectants
5.19.2 Coagulants & Flocculants
5.19.3 Corrosion & Scale Inhibitors
5.19.4 Defoamers & Defoaming Agents
5.19.5 Ph Adjusters & Softeners
5.19.6 Other Chemicals
6. Regional Market Analysis
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle-East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis
7.2.1 Adhesives & Sealants
7.2.2 Paints & Coatings
7.2.3 Specialty Polymers
7.2.4 Water Treatment Chemicals
7.2.5 Oilfield Chemicals
7.2.6 Lubricants & Oil Additives
7.2.7 Construction Chemicals
7.3 Strategies Adopted by Leading Players
8. Company Profiles
8.3 Wacker Chemie Ag
8.4 Albemarle Corporation
8.5 Alkema Solutions
8.7 Ashland Inc
8.8 Asian Paints
8.9 Baker Hughes Inc.
8.11 Beckers Group
8.12 Berger Paints
8.13 Berwind (Bwa Water Additives)
8.15 Buckman Laboratories Inc.
8.17 Chemtura Corporation
8.19 Clariant International Ltd,
8.20 Conocophillips Co.
8.22 Cytec Industries Inc
8.23 Dainichiseika Color & Chemicals Mfg. Co. Ltd.
8.24 Dow Chemical Company
8.25 Dulux Group
8.26 Dura Coat Products, Inc.
8.27 E. I. Du Pont De Nemours and Co.
8.28 Eastman Chemical Company
8.29 Ecolab Inc
8.30 Emery Oleochemicals Group
8.31 Evonik Industries Ag
8.32 Exxon Mobil Corporation
8.33 Ferro Corporation
8.35 Fuchs Petrolub Ag
8.36 Ge Water and Process Technologies
8.37 H.B. Fuller
8.39 Henkel Ag & Co. Kgaa
8.41 Huntsman International
8.42 Indian Oil
8.44 Johnson & Johnson
8.45 Kurita Water Industries Ltd.
8.46 Lonza Group Ltd.
8.48 Lubrizol Corporation
8.49 Merck Kgaa
8.50 Nippon Paints
8.52 Pidilite Industries Ltd.
8.53 Ppg Industries
8.54 Procter & Gamble Company
8.55 Royal Dsm Nv
8.56 Royal Dutch Shell
8.57 Saudi Aramco
8.58 Schlumberger Ltd.
8.59 Sika Ag
8.60 Sinopec Corp.
8.61 Snf Flomin
8.62 Solvay Sa
8.63 Total Sa
8.64 Trelleborg Ab
8.66 Veolia Water Solutions and Technologies
8.67 W.R. Grace & Co.
- Wacker Chemie Ag
- Albemarle Corporation
- Alkema Solutions
- Ashland Inc
- Asian Paints
- Baker Hughes Inc.
- Beckers Group
- Berger Paints
- Berwind (Bwa Water Additives)
- Buckman Laboratories Inc.
- Chemtura Corporation
- Clariant International Ltd
- Conocophillips Co.
- Cytec Industries Inc
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- Dow Chemical Company
- Dulux Group
- Dura Coat Products Inc.
- E. I. Du Pont De Nemours and Co.
- Eastman Chemical Company
- Ecolab Inc
- Emery Oleochemicals Group
- Evonik Industries Ag
- Exxon Mobil Corporation
- Ferro Corporation
- Fuchs Petrolub Ag
- Ge Water and Process Technologies
- H.B. Fuller
- Henkel Ag & Co. Kgaa
- Huntsman International
- Indian Oil
- Johnson & Johnson
- Kurita Water Industries Ltd.
- Lonza Group Ltd.
- Lubrizol Corporation
- Merck Kgaa
- Nippon Paints
- Pidilite Industries Ltd.
- Ppg Industries
- Procter & Gamble Company
- Royal Dsm Nv
- Royal Dutch Shell
- Saudi Aramco
- Schlumberger Ltd.
- Sika Ag
- Sinopec Corp.
- Snf Flomin
- Solvay Sa
- Total Sa
- Trelleborg Ab
- Veolia Water Solutions and Technologies
- W.R. Grace & Co.