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Specialty Chemicals Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4536149
  • Report
  • January 2020
  • Region: Global
  • 390 pages
  • Mordor Intelligence
until Jun 30th 2020
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  • 3M
  • Axalta Coating Systems
  • DSM
  • Halliburton
  • Solenis
  • MORE
Market Overview

The market for specialty chemicals is expected to register a CAGR of around 4%, during the forecast period. The major factors driving the growth of the market studied are the robust growth of construction activities, especially in the Asia-Pacific and the Middle East & African regions, and the growth of oil exploration and production activities. On the flip side, increasing environmental regulations and decreasing fossil fuel reserves are the restraints hampering the growth of the market studied.
  • Paints and coatings dominated the specialty chemicals market, and is expected to grow during the forecast period, with robust growth in the construction industry, which is majorly driven by the growth in residential construction across the world.
  • Growing R&D for developing new products is likely to provide an opportunity for the market studied, over the forecast period.
  • Asia-Pacific dominated the market across the world, owing to the huge customer base, leading to high demand for specialty chemicals, increasing industrial production, and robust growth of the construction sector in the region.
Key Market Trends

Paints and Coatings Segment to Dominate the Market Demand
  • The paints and coatings segment dominated the share in the specialty chemicals market. The growth of the segment is extensively driven by the robust performance of the construction industry, across the world.
  • The Asia-Pacific and the Middle Eastern regions are expected to witness huge demand for paints and coatings, owing to significant investments being made into the construction sector.
  • In Asia-Pacific, the growth of the construction sector is majorly driven by rising in residential construction projects, in order to meet the accommodation requirements of the growing population.
  • The Middle East & African region, on the other hand, have been witnessing a huge rise in industrial and institutional construction. The Middle Eastern countries, such as Saudi Arabia, the United Arab Emirates, and Qatar, have been trying to expand its tourism, healthcare, and manufacturing industry, with an intention to reduce their economic dependence on the oil and gas industry.
  • Besides, increasing renovation projects in North America and the recovery of construction activities in Europe are likely to drive the growth of the global construction industry.
  • Hence, all such favorable trends in the global construction sector are expected to drive the demand for, and growth of, the paints and coating market, during the forecast period. This is expected to drive the demand for specialty chemicals.
Asia-Pacific Region to Dominate the Market
  • The Asia-Pacific region dominated the specialty chemicals market, and is likely to retain its position during the forecast period, due to robust growth of the construction sector, increasing demand for cosmetic products, growing investment and production in the increasing electrical and electronics industry output, increasing demand for adhesives and plastics from the packaging industry, and increasing installations of water treatment systems from the industries in the region.
  • The growth of the Asia-Pacific construction sector is majorly driven by the expansion of the service sector, leading to an increase in the demand for office spaces, an increase in residential construction projects, and inflow of investments from multi-national companies to set up industrial base in the region. Such factors are likely to increase the demand for paints and coatings, adhesives and sealants, construction chemicals, and specialty polymers in the region, during the forecast period.
  • The cosmetic industry is also witnessing strong growth in demand in the region, which is fueled by the increased usage of cosmetic products, due to rising demand for anti-aging cosmetic products from baby boomers and X generation, western culture influence on youth, increased women employment, and continuous innovation of products attracting the masses. This is increasing cosmetic production in the region, leading to a rise in demand for cosmetic chemicals.
  • Hence, all such favorable trends are collectively likely to drive the growth of the specialty chemicals market in the region, during the forecast period.
Competitive Landscape

The specialty chemicals market is highly fragmented, with numerous players holding a significant share of the market. Some of the noticeable players in the market include 3M, BASF SE, H.B. Fuller, Huntsman International LLC, and Henkel AG & Co. KGaA, among others.

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Note: Product cover images may vary from those shown
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  • 3M
  • Axalta Coating Systems
  • DSM
  • Halliburton
  • Solenis
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Industry Value Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products and Services
4.2.5 Degree of Competition
4.3 Raw Material Analysis

5.1 Paints and Coatings
5.1.1 Dynamics
5.1.2 Application Architectural Automotive Industrial Wood Other Applications
5.2 Catalysts
5.2.1 Dynamics
5.2.2 Function Chemical Synthesis Catalysts Petroleum Refining Catalysts Polymerization Catalysts
5.3 Construction Chemicals
5.3.1 Dynamics
5.3.2 Application Commercial Industrial Infrastructure Residential Public Space
5.4 Cosmetic Chemicals
5.4.1 Dynamics
5.4.2 Application Hair Care Skin Care Oral Care Personal Hygiene Other Applications
5.5 Dyes, Inks, and Pigments
5.5.1 Dynamics
5.5.2 Type Inks Dyes Organic Pigments Inorganic Pigments
5.6 Electronic Chemicals
5.6.1 Dynamics
5.6.2 Application Semiconductors and Integrated Circuits Printed Circuit Boards
5.7 Water Treatment Chemicals
5.7.1 Dynamics
5.7.2 Function Flocculants Coagulants Biocides and Disinfectants Defoamers and Defoaming Agents pH Adjusters and Softeners Other Functions
5.8 Food Additives
5.8.1 Dynamics
5.8.2 Type Natural Additives Synthetic Additives
5.9 Agrochemicals
5.9.1 Dynamics
5.9.2 Type Fertilizers Herbicide Fungicide Insecticide Nematicide Molluscicide Other Crop Protection Chemicals
5.10 Industrial and Institutional Cleaners
5.10.1 Dynamics
5.10.2 Application General Purpose Cleaners Disinfectants and Sanitizers Laundry Care Products Vehicle Wash Products
5.11 Lubricant Additives
5.11.1 Dynamics
5.11.2 Product Type Dispersants and Emulsifiers Detergents Oxidation Inhibitors Extreme-pressure Additives and Anti-wear Additives Viscosity Index Modifiers Friction Modifiers Corrosion Inhibitors Other Product Types
5.12 Mining Chemicals
5.12.1 Dynamics
5.12.2 Function Flotation Chemicals Extraction Chemicals Grinding Aids
5.13 Oilfield Chemicals
5.13.1 Dynamics
5.13.2 Application Drilling and Cementing Workover and Completion Well Stimulation Production Enhanced Oil Recovery
5.14 Adhesives and Sealants
5.14.1 Dynamics
5.14.2 Technology Water-borne Adhesives Solvent-borne Adhesives Hot-melt Adhesives Reactive Adhesives Other Adhesives Sealants
5.15 Plastic Additives
5.15.1 Dynamics
5.15.2 Plastic Type Polyethylene (PE) Polystyrene (PS) Polypropylene (PP) Polyamide (PA) Polyethylene Terephthalate (PET) Polyvinyl Chloride (PVC) Polycarbonate (PC) Other Plastic Types
5.16 Rubber Processing Chemicals
5.16.1 Dynamics
5.16.2 Application Tire Non-tire
5.17 Specialty Polymers
5.17.1 Dynamics
5.18 Textile Chemicals
5.18.1 Dynamics
5.18.2 Type Coating and Sizing Chemicals Colorants and Auxiliaries Finishing Agents Desizing Agents Others
5.19 Geography
5.19.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
5.19.2 North America United States Canada Mexico Rest of North America
5.19.3 Europe Germany United Kingdom Italy France Spain Rest of Europe
5.19.4 South America Brazil Argentina Rest of South America
5.19.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.2.1 Adhesives and Sealants
6.2.2 Agrochemicals
6.2.3 Construction Chemicals
6.2.4 Lubricant Additives
6.2.5 Mining Chemicals
6.2.6 Oilfield Chemicals
6.2.7 Paints and Coatings
6.2.8 Specialty Polymers
6.2.9 Water Treatment Chemicals
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 AECI
6.4.3 Afton Chemical
6.4.4 Akzo Nobel N.V.
6.4.5 Albemarle Corporation
6.4.6 Albemarle Corporation
6.4.7 Archroma
6.4.8 Arkema Group
6.4.9 Ashland
6.4.10 Asian Paints
6.4.11 Axalta Coating Systems
6.4.12 Baker Hughes Company
6.4.13 BASF SE
6.4.14 Berger Paints India Limited
6.4.15 Buckman
6.4.16 Chevron Corporation
6.4.17 Clariant
6.4.18 Corteva
6.4.19 Covestro AG
6.4.20 DIC Corporation
6.4.21 Dow
6.4.22 DSM
6.4.23 DuPont de Nemours, Inc.
6.4.24 Eastman Chemical Company
6.4.25 Ecolab
6.4.26 Evonik Industries AG
6.4.27 Exxon Mobil Corporation
6.4.28 Ferro Corporation
6.4.29 Flint Group
6.4.30 FMC Corporation
6.4.31 GCP Applied Technologies Inc.
6.4.32 H.B. Fuller Company
6.4.33 Halliburton
6.4.34 Henkel AG & Co. KGaA
6.4.35 Hexcel Corporation
6.4.36 Huntsman International LLC
6.4.37 Infineum International Limited
6.4.38 Kemira
6.4.39 KRONOS Worldwide, Inc.
6.4.40 Kurita Water Industries Ltd.
6.4.41 LafargeHolcim
6.4.42 LANXESS
6.4.43 Lonza
6.4.44 MAPEI S.p.A.
6.4.45 Merck KGaA
6.4.47 Nouryon
6.4.48 Nutrien Ltd.
6.4.49 Pidilite Industries Ltd
6.4.50 PPG Industries Inc.
6.4.51 Procter & Gamble
6.4.52 RPM International Inc.
6.4.53 SABIC
6.4.54 Schlumberger Limited
6.4.55 Sika AG
6.4.56 Solenis
6.4.57 Solvay
6.4.58 Syngenta
6.4.59 The Chemours Company
6.4.60 The Lubrizol Corporation
6.4.61 The Sherwin-Williams Company
6.4.62 Venator Materials PLC
6.4.63 Veolia
6.4.64 W. R. Grace & Co.
6.4.65 Wacker Chemie AG
6.4.66 Yara

Note: Product cover images may vary from those shown
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  • 3M
  • AECI
  • Afton Chemical
  • Akzo Nobel N.V.
  • Albemarle Corporation
  • Albemarle Corporation
  • Archroma
  • Arkema Group
  • Ashland
  • Asian Paints
  • Axalta Coating Systems
  • Baker Hughes Company
  • Berger Paints India Limited
  • Buckman
  • Chevron Corporation
  • Clariant
  • Corteva
  • Covestro AG
  • DIC Corporation
  • Dow
  • DSM
  • DuPont de Nemours, Inc.
  • Eastman Chemical Company
  • Ecolab
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Ferro Corporation
  • Flint Group
  • FMC Corporation
  • GCP Applied Technologies Inc.
  • H.B. Fuller Company
  • Halliburton
  • Henkel AG & Co. KGaA
  • Hexcel Corporation
  • Huntsman International LLC
  • Infineum International Limited
  • Kemira
  • KRONOS Worldwide, Inc.
  • Kurita Water Industries Ltd.
  • LafargeHolcim
  • Lonza
  • MAPEI S.p.A.
  • Merck KGaA
  • Nouryon
  • Nutrien Ltd.
  • Pidilite Industries Ltd
  • PPG Industries Inc.
  • Procter & Gamble
  • RPM International Inc.
  • Schlumberger Limited
  • Sika AG
  • Solenis
  • Solvay
  • Syngenta
  • The Chemours Company
  • The Lubrizol Corporation
  • The Sherwin-Williams Company
  • Venator Materials PLC
  • Veolia
  • W. R. Grace & Co.
  • Wacker Chemie AG
  • Yara
Note: Product cover images may vary from those shown