Specialty Chemicals Market by Type by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023

  • ID: 4600416
  • Report
  • Region: Global
  • 121 pages
  • P&S Market Research
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FEATURED COMPANIES

  • AECI Ltd.
  • AshlGlobal Holdings Inc.
  • Clariant AG
  • Eastman Chemical Company
  • Huntsman Corporation
  • Mitsui Chemicals Inc.
  • MORE
Global specialty chemicals market is projected to reach $782.2 billion by 2023.

The growth of the market is majorly driven by the increasing demand of specialty chemicals in emerging economies, ongoing technological advancements, and increasing penetration of end use industries.

Insights into market segments

On the basis of type, the market is categorized into agrochemicals, construction chemicals, specialty coatings, surfactants, food additives, polymer additives, electronic chemicals, cleaning chemicals, plastic additives, paper and textile chemicals, adhesives and sealants, lubricant and oilfield chemicals, and others. ‘Others’ include advanced ceramic materials, rubber processing chemicals, water treatment chemicals, and mining chemicals.

Of these, agrochemicals hold the largest share in the global specialty chemicals market, which is attributed to the increasing food consumption around the world, due to the increasing population. Additionally, the demand of agrochemicals is growing due to the increasing need of crop protection, in order to meet the ever-increasing demand of food products worldwide.

APAC seals the leading position in the global specialty chemicals market

APAC has been contributing the highest revenue to the global market, crossing 40.0% in 2017. It is also expected to be the fastest growing specialty chemicals market during the forecast period, attributed to the growing consumption of these chemicals in various industries including construction, agriculture, and automotive. The region has a very strong base of manpower, and a well-developed chemical industry, which provides raw materials at competitive prices, further driving the market growth.

The region has emerged as a hub of chemical manufacturing and exports in recent years. This has attracted several leading companies to make huge investments in the region’s chemical business and also set up their own sites here to increase their presence in this emerging market, which is further fueling the growth of the specialty chemicals market. For instance, BASF SE has invested in setting up an R&D centre in Mumbai, India. Several R&D initiatives in the field of organic synthesis, personal and home care products, and crop protection will be carried out in the plant.

Along with that, APAC is a hub of agricultural activities and holds around 30.0% of the earth’s land and the largest human population. Such huge population statistics in the region have been responsible for maintaining adequacy in agricultural practices, thus ensuring greater utilization of agrochemical products. Apart from this, increasing demand for public, residential, and commercial buildings combined with growing urban population is accelerating the growth of construction chemicals in the region, further boosting the specialty chemicals market growth.

Development of environment-friendly products is expected to create various opportunities for industry players in the global specialty chemicals market.

Specialty chemicals play a significant role in developing eco-friendly products. Globally, various green chemicals are developed to reduce the harmful environmental impact of chemicals. Green chemicals include 1-Arabinose, 1-heptacosanol, 1-nonacosanol, 12-Hydroxy Stearic Acid, 2-Ethylhexyl Acetate, 2-Ethylhexyl Oleate, and others. They are used in various applications including the production of fabrics which require less water to wash, paints with low volatile organic component (VOC) content, powdered shampoo, chemical additives that help in enhancing the physical properties of products and for the production of other materials.

Owing to the increasing environmental awareness around the world, there has been a shift towards bio-degradable products and chemicals, which is expected to create ample opportunities for the market players operating in the specialty chemicals market.

Specialty Chemicals Market Competitive Landscape

Some of the major players operating in the global specialty chemicals market are Ashland Global Holdings Inc., DowDuPont Inc., Evonik Industries AG, Akzo Nobel N.V., Eastman Chemical Company, LOTTE Fine Chemical, Mitsui Chemicals Inc., Mitsubishi Chemical Corporation, BASF SE, Clariant AG, Huntsman Corporation, China Petroleum & Chemical Corporation, Saudi Basic Industries Corporation, Sadara Chemical Company, Saudi Speciality Industries Co Ltd., Thebe Unico, and AECI Ltd.

Global Specialty Chemicals Market Segmentation

By Type

Agrochemicals
Construction Chemicals
Specialty Coatings
Surfactants
Food Additives
Polymer Additives
Electronic Chemicals
Cleaning Chemicals
Plastic Additives
Paper & Textile Chemicals
Adhesives & Sealants
Lubricant & Oilfield Chemicals
Others (Water treatment chemicals, advance ceramic materials, rubber processing chemicals, and mining chemicals)

By Region

North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Spain
Rest of Europe
Asia-Pacific (APAC)
China
Japan
India
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East & Africa (MEA )
Saudi Arabia
South Africa
Rest of MEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AECI Ltd.
  • AshlGlobal Holdings Inc.
  • Clariant AG
  • Eastman Chemical Company
  • Huntsman Corporation
  • Mitsui Chemicals Inc.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type
1.3.2 Market Segmentation By Geography
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type
4.1.1.1 Agrochemicals
4.1.1.2 Construction Chemicals
4.1.1.3 Specialty Coatings
4.1.1.4 Surfactants
4.1.1.5 Food Additives
4.1.1.6 Polymer Additives
4.1.1.7 Electronic Chemicals
4.1.1.8 Cleaning Chemicals
4.1.1.9 Plastic Additives
4.1.1.10 Paper And Textile Chemicals
4.1.1.11 Adhesives And Sealants
4.1.1.12 Lubricant And Oilfield Chemicals
4.1.1.13 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Shifting Of Production Base To Apac
4.3.2 Drivers
4.3.2.1 Increasing Demand Of Specialty Chemicals In Emerging Economies
4.3.2.2 Technological Advancement
4.3.2.3 Increasing Penetration Of End User Industries
4.3.2.4 Impact Analysis Of Drivers On Market Forecast
4.3.3 Restraints
4.3.3.1 Changing Regulations Related To Chemical Industry
4.3.3.2 Fluctuating Cost Of Raw Materials
4.3.3.3 Impact Analysis Of Restraints On Market Forecast
4.3.4 Opportunities
4.3.4.1 Development Of Environment-Friendly Products

Chapter 5. Global Market Size And Forecast
5.1 By Type
5.2 By Region

Chapter 6. North America Market Size And Forecast
6.1 By Type
6.2 By Country

Chapter 7. Europe Market Size And Forecast
7.1 By Type
7.2 By Country

Chapter 8. APAC Market Size And Forecast
8.1 By Type
8.2 By Country

Chapter 9. LATAM Market Size And Forecast
9.1 By Type
9.2 By Country

Chapter 10. MEA Market Size And Forecast
10.1 By Type
10.2 By Country

Chapter 11. Competitive Landscape
11.1 Competitive Benchmarking Of Key Players
11.2 Global Strategic Developments Of Key Players
11.2.1 Facility Expansions
11.2.2 Mergers And Acquisitions
11.2.3 Other Developments

Chapter 12. Company Profiles
12.1 Ashland Global Holdings Inc.
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Key Financial Summary
12.2 Dowdupont Inc.
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.2.3 Key Financial Summary
12.3 Evonik Industries Ag
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.3.3 Key Financial Summary
12.4 Akzo Nobel N. V.
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.4.3 Key Financial Summary
12.5 Eastman Chemical Company
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.5.3 Key Financial Summary
12.6 Lotte Fine Chemical
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.7 Mitsui Chemicals Inc.
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.7.3 Key Financial Summary
12.8 Mitsubishi Chemical Corporation
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.9 Basf Se
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.9.3 Key Financial Summary
12.10 Clariant Ag
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.10.3 Key Financial Summary
12.11 Huntsman Corporation
12.11.1 Business Overview
12.11.2 Product And Service Offerings
12.11.3 Key Financial Summary
12.12 China Petroleum & Chemical Corporation
12.12.1 Business Overview
12.12.2 Product And Service Offerings
12.12.3 Key Financial Summary
12.13 Saudi Basic Industries Corporation
12.13.1 Business Overview
12.13.2 Product And Service Offerings
12.13.3 Key Financial Summary
12.14 Sadara Chemical Company
12.14.1 Business Overview
12.14.2 Product And Service Offerings
12.15 Saudi Speciality Chemical Industries Co Ltd.
12.15.1 Business Overview
12.15.2 Product And Service Offerings
12.16 Thebe Unico
12.16.1 Business Overview
12.16.2 Product And Service Offerings
12.17 Aeci Ltd
12.17.1 Business Overview
12.17.2 Product And Service Offerings
12.17.3 Key Financial Summary

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
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  • AshlGlobal Holdings Inc.
  • DowDuPont Inc.
  • Evonik Industries AG
  • Akzo Nobel N.V.
  • Eastman Chemical Company
  • LOTTE Fine Chemical
  • Mitsui Chemicals Inc.
  • Mitsubishi Chemical Corporation
  • BASF SE
  • Clariant AG
  • Huntsman Corporation
  • China Petroleum & Chemical Corporation
  • Saudi Basic Industries Corporation
  • Sadara Chemical Company
  • Saudi Speciality Industries Co Ltd.
  • Thebe Unico
  • AECI Ltd.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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