Specialty Chemicals Market Research Report: By Type - Global Industry Analysis and Growth Forecast to 2030

Driving forces such as the widening application base of specialty chemicals, escalating need for an improved crop quality, and rapid industrialization will accelerate the specialty chemicals market growth at a CAGR of 5.5% during the forecast period (2020-2030). The market generated $639,935.8 million in 2019, and it is expected to value $980,423.7 million by 2030. The demand for these chemicals will be driven by the growing automobile, textile, and food and beverage industries, especially in developing countries.

Specialty chemicals are used as additives to generate the desired effect in substances and end products. These chemicals have diverse features and are compatible with other chemicals. Owing to these properties, they find wide application in various end-use industries. For example, the automobile sector uses specialty chemicals as fuel additives to improve the properties of the fuel. Similarly, methyl oleate, a specialty chemical, is used as an active pharmaceutical ingredient in a variety of creams and lotions.

One of the key factors fueling the specialty chemicals market is the robust industrialization and urbanization in the emerging economies of China, Brazil, and India. Owing to the rapid urbanization, there has been a substantial rise in the living standard of the people of these countries. This has, in turn, fueled the consumption of cosmetics, packaged food items, and pharmaceuticals. Moreover, the expansion of the automobile sector in China and India, as a result of people’s rising disposable income, is facilitating the market growth.

The type segment of the specialty chemicals market is categorized into lubricant & oilfield chemicals, agrochemicals, adhesives & sealants, construction chemicals, surfactants, polymer additives, cleaning chemicals, specialty coatings, food additives, electronic chemicals, paper & textile chemicals, and plastic additives. Among these, the lubricant & oilfield chemicals category will display the fastest growth in the forecast period due to the increase in the production of shale gas. Moreover, an increase in construction and automotive production activities will support the growth of this category in the coming years.

Geographically, the Asia-Pacific (APAC) specialty chemicals market is expected to hold the largest share during the forecast period. This can be attributed to the soaring demand for these chemicals in the electrical & electronics, pharmaceutical, automotive, agriculture, and personal care & cosmetics industries of India and China. Moreover, the rapid expansion of the construction sector, extensive research and development (R&D) by key market players, increasing installation of water treatment systems, and escalating demand for plastics and adhesives from the packaging sector will fuel the market growth in the coming years.

The presence of numerous players, such as Evonik Industries AG, BASF SE, China Petroleum and Chemical Corporation, Dow Inc., Henkel AG & Co. KGaA, Akzo Nobel N.V., Mitsubishi Chemical Corporation, Huntsman Corporation, and Clariant International Limited, gives a fragmented character to the specialty chemicals market. These players are expanding the capacity of their manufacturing facilities to gain a competitive edge. For instance, in December 2019, BASF SE announced its plans to expand its facility in Jiangmen, Guangdong Province, China, and invest in its coating business in Asia.

Thus, the growth of the end-use industries in developing countries and a wide application base of specialty chemicals will propel the market advance in the coming years.

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 Region
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.3.4.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Database
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 Currency Conversion Rates
2.6 Assumptions for the Study

Chapter 3. Executive Summary

3.1 Voice of Industry Experts

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 & textile chemicals
4.1.1.11 Adhesives & sealants
4.1.1.12 Lubricant & 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 Diversified applications of specialty chemicals
4.3.2.2 Demand stimulus from emerging economies
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Governmental and environmental regulations
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Development of bio-based specialty chemicals
4.4 Impact of COVID-19
4.4.1 Global Share by Countries
4.4.1.1 Contribution of countries in global manufacturing output
4.4.1.2 Contribution of countries in global export and import (2019)
4.4.1.2.1 Top 20 countries by export
4.4.1.2.2 Top 20 countries by import
4.4.2 Global Scenario of COVID-19 Impact
4.4.3 Global Scenario
4.4.3.1 GDP growth rate (2019)
4.4.3.2 GDP growth rate (2020)
4.4.3.3 GDP growth rate projection for 2021
4.4.4 Assessment of COVID-19 Impact on GDP and Economic Forecast
4.4.5 Assessment of COVID-19 Impact on Workforce Across Various Sectors
4.4.6 Impact of Covid-19 on Global Specialty Chemicals Market
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Intensity of Rivalry
4.5.4 Threat of New Entrants
4.5.5 Threat of Substitutes

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. Major Markets: Segment Analysis

11.1 U.S. Market
11.1.1 By Type
11.2 China Market
11.2.1 By Type
11.3 Japan Market
11.3.1 By Type
11.4 India Market
11.4.1 By Type
11.5 Germany Market
11.5.1 By Type

Chapter 12. Competitive Landscape

12.1 Market Share Analysis of Key Players
12.2 Competitive Benchmarking of Key Players
12.3 List of Other Players
12.4 Strategic Developments of Key Players
12.4.1 Facility Expansions
12.4.2 Mergers and Acquisitions
12.4.3 Product Launches
12.4.4 Other Developments

Chapter 13. Company Profiles

13.1 Ashland Global Holdings Inc.
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.1.3 Key Financial Summary
13.2 Evonik Industries AG
13.2.1 Business Overview
13.2.2 Product and Service Offerings
13.2.3 Key Financial Summary
13.3 Akzo Nobel N.V.
13.3.1 Business Overview
13.3.2 Product and Service Offerings
13.3.3 Key Financial Summary
13.4 Eastman Chemical Company
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.4.3 Key Financial Summary
13.5 LOTTE Fine Chemical Co. Ltd.
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.5.3 Key Financial Summary
13.6 Mitsui Chemicals Inc.
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.6.3 Key Financial Summary
13.7 Mitsubishi Chemical Corporation
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.7.3 Key Financial Summary
13.8 BASF SE
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.8.3 Key Financial Summary
13.9 Clariant International Ltd.
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.9.3 Key Financial Summary
13.10 Huntsman Corporation
13.10.1 Business Overview
13.10.2 Product and Service Offerings
13.10.3 Key Financial Summary
13.11 Dow Inc.
13.11.1 Business Overview
13.11.2 Product and Service Offerings
13.11.3 Key Financial Summary
13.12 China Petroleum & Chemical Corporation
13.12.1 Business Overview
13.12.2 Product and Service Offerings
13.12.3 Key Financial Summary
13.13 Saudi Basic Industries Corporation
13.13.1 Business Overview
13.13.2 Product and Service Offerings
13.13.3 Key Financial Summary
13.14 Sadara Chemical Company
13.14.1 Business Overview
13.14.2 Product and Service Offerings
13.15 Thebe Unico
13.15.1 Business Overview
13.15.2 Product and Service Offerings
13.16 AECI Ltd.
13.16.1 Business Overview
13.16.2 Product and Service Offerings
13.16.3 Key Financial Summary

Chapter 14. Appendix

14.1 Abbreviations
14.2 Sources and References
14.3 Related Report

List of Tables

Table 1 Analysis Period of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 Covid-19 Impact Analysis On Different Sectors
Table 5 Global Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 6 Global Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 7 Global Specialty Chemicals Market, By Type, $M (2014-2019)
Table 8 Global Specialty Chemicals Market, By Type, $M (2020-2030)
Table 9 Global Specialty Chemicals Market, By Region, Kilotons (2014-2019)
Table 10 Global Specialty Chemicals Market, By Region, Kilotons (2020-2030)
Table 11 Global Specialty Chemicals Market, By Region, $M (2014-2019)
Table 12 Global Specialty Chemicals Market, By Region, $M (2020-2030)
Table 13 North America Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 14 North America Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 15 North America Specialty Chemicals Market, By Type, $M (2014-2019)
Table 16 North America Specialty Chemicals Market, By Type, $M (2020-2030)
Table 17 North America Specialty Chemicals Market, By Country, Kilotons (2014-2019)
Table 18 North America Specialty Chemicals Market, By Country, Kilotons (2020-2030)
Table 19 North America Specialty Chemicals Market, By Country, $M (2014-2019)
Table 20 North America Specialty Chemicals Market, By Country, $M (2020-2030)
Table 21 Europe Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 22 Europe Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 23 Europe Specialty Chemicals Market, By Type, $M (2014-2019)
Table 24 Europe Specialty Chemicals Market, By Type, $M (2020-2030)
Table 25 Europe Specialty Chemicals Market, By Country, Kilotons (2014-2019)
Table 26 Europe Specialty Chemicals Market, By Country, Kilotons (2020-2030)
Table 27 Europe Specialty Chemicals Market, By Country, $M (2014-2019)
Table 28 Europe Specialty Chemicals Market, By Country, $M (2020-2030)
Table 29 Apac Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 30 Apac Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 31 Apac Specialty Chemicals Market, By Type, $M (2014-2019)
Table 32 Apac Specialty Chemicals Market, By Type, $M (2020-2030)
Table 33 Apac Specialty Chemicals Market, By Country, Kilotons (2014- 2019)
Table 34 Apac Specialty Chemicals Market, By Country, Kilotons (2020-2030)
Table 35 Apac Specialty Chemicals Market, By Country, $M (2014-2019)
Table 36 Apac Specialty Chemicals Market, By Country, $M (2020-2030)
Table 37 Latam Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 38 Latam Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 39 Latam Specialty Chemicals Market, By Type, $M (2014-2019)
Table 40 Latam Specialty Chemicals Market, By Type, $M (2020-2030)
Table 41 Latam Specialty Chemicals Market, By Country, Kilotons (2014-2019)
Table 42 Latam Specialty Chemicals Market, By Country, Kilotons (2020-2030)
Table 43 Latam Specialty Chemicals Market, By Country, $M (2014-2019)
Table 44 Latam Specialty Chemicals Market, By Country, $M (2020-2030)
Table 45 Mea Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 46 Mea Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 47 Mea Specialty Chemicals Market, By Type, $M (2014-2019)
Table 48 Mea Specialty Chemicals Market, By Type, $M (2020-2030)
Table 49 Mea Specialty Chemicals Market, By Country, Kilotons (2014-2019)
Table 50 Mea Specialty Chemicals Market, By Country, Kilotons (2020-2030)
Table 51 Mea Specialty Chemicals Market, By Country, $M (2014-2019)
Table 52 Mea Specialty Chemicals Market, By Country, $M (2020-2030)
Table 53 U.S. Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 54 U.S. Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 55 U.S. Specialty Chemicals Market, By Type, $M (2014-2019)
Table 56 U.S. Specialty Chemicals Market, By Type, $M (2020-2030)
Table 57 China Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 58 China Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 59 China Specialty Chemicals Market, By Type, $M (2014-2019)
Table 60 China Specialty Chemical Market, By Type, $M (2020-2030)
Table 61 Japan Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 62 Japan Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 63 Japan Specialty Chemicals Market, By Type, $M (2014-2019)
Table 64 Japan Specialty Chemicals Market, By Type, $M (2020-2030)
Table 65 India Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 66 India Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 67 India Specialty Chemicals Market, By Type, $M (2014-2019)
Table 68 India Specialty Chemicals Market, By Type, $M (2020-2030)
Table 69 Germany Specialty Chemicals Market, By Type, Kilotons (2014-2019)
Table 70 Germany Specialty Chemicals Market, By Type, Kilotons (2020-2030)
Table 71 Germany Specialty Chemicals Market, By Type, $M (2014-2019)
Table 72 Germany Specialty Chemicals Market, By Type, $M (2020-2030)
Table 73 Competitive Benchmarking of Key Players
Table 74 List of Other Players
Table 75 Ashland Global Holdings Inc. - At A Glance
Table 76 Ashland Global Holdings Inc. - Key Financial Summary
Table 77 Evonik Industries Ag - At A Glance
Table 78 Evonik Industries Ag - Key Financial Summary
Table 79 Akzo Nobel N.V. - At A Glance
Table 80 Akzo Novel N.V. - Key Financial Summary
Table 81 Eastman Chemical Company - At A Glance
Table 82 Eastman Chemical Company - Key Financial Summary
Table 83 Lotte Fine Chemical Co. Ltd. - At A Glance
Table 84 Lotte Fine Chemical Co. Ltd. - Key Financial Summary
Table 85 Mitsui Chemicals Inc. - At A Glance
Table 86 Mitsui Chemicals Inc. - Key Financial Summary
Table 87 Mitsubishi Chemical Corporation - At A Glance
Table 88 Mitsubishi Chemical Corporation - Key Financial Summary
Table 89 Basf Se - At A Glance
Table 90 Basf Se - Key Financial Summary
Table 91 Clariant International Ltd. - At A Glance
Table 92 Clariant International Ltd. - Key Financial Summary
Table 93 Huntsman Corporation - At A Glance
Table 94 Huntsman Corporation - Key Financial Summary
Table 95 Dow Inc. - At A Glance
Table 96 Dow Inc. - Key Financial Summary
Table 97 China Petroleum & Chemical Corporation - At A Glance
Table 98 China Petroleum & Chemical Corporation - Key Financial Summary
Table 99 Saudi Basic Industries Corporation - At A Glance
Table 100 Saudi Basic Industries Corporation (Sabic) - Key Financial Summary
Table 101 Sadara Chemical Company - At A Glance
Table 102 Thebe Unico - At A Glance
Table 103 Aeci Ltd.- At A Glance
Table 104 Aeci Ltd. - Key Financial Summary

List of Figures

Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Breakdown of Primary Research By Region
Fig 4 Breakdown of Primary Research By Industry Participant
Fig 5 Breakdown of Primary Research By Company Type
Fig 6 Data Triangulation Approach
Fig 7 Currency Conversion Rates For Usd (2019)
Fig 8 Global Specialty Chemicals Market Summary
Fig 9 Value Chain Analysis of Specialty Chemicals Market
Fig 15 Gdp Growth In 2021 (Projection)
Fig 16 Bargaining Power of Buyers
Fig 17 Bargaining Power of Suppliers
Fig 18 Intensity of Rivalry
Fig 19 Threat of New Entrants
Fig 20 Threat of Substitutes
Fig 21 Global Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 22 Worldwide Major Markets For Specialty Chemicals
Fig 23 North America Specialty Chemicals Market Snapshot
Fig 24 North America Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 25 North America Specialty Chemicals Market, By Country, Kilotons (2014-2030)
Fig 26 Europe Specialty Chemicals Market Snapshot
Fig 27 Europe Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 28 Europe Specialty Chemicals Market, By Country, Kilotons (2014-2030)
Fig 29 Apac Specialty Chemicals Market Snapshot
Fig 30 Apac Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 31 Apac Specialty Chemicals Market, By Country, Kilotons (2014-2030)
Fig 32 Latam Specialty Chemicals Market Snapshot
Fig 33 Latam Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 34 Latam Specialty Chemicals Market, By Country, Kilotons (2014-2030)
Fig 35 Mea Specialty Chemicals Market Snapshot
Fig 36 Mea Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 37 Mea Specialty Chemicals Market, By Country, Kilotons (2014-2030)
Fig 38 U.S. Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 39 China Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 40 Japan Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 41 India Specialty Chemicals Market, By Type, $M (2014-2030)
Fig 42 Germany Specialty Chemicals Market, By Type, Kilotons (2014-2030)
Fig 43 Global Specialty Chemicals Market Share of Key Players (2019)
Fig 45 Evonik Industries Ag - Revenue Split By Segment And Geography (2019)
Fig 47 Eastman Chemical Company - Revenue Split By Segment And Geography (2019)
Fig 51 Basf Se - Revenue Split By Segment And Geography (2019)
Fig 52 Clariant International Ltd. - Revenue Split By Segment And Geography (2019)
Fig 53 Huntsman Corporation - Revenue Split By Segment And Geography (2019)
Fig 54 Dow Inc. - Revenue Split By Segment And Geography (2019)
Fig 55 China Petroleum & Chemical Corporation - Revenue Split By Segment And Geography (2019)
Fig 56 Saudi Basic Industries Corporation (Sabic) - Revenue Split By Segment And Geography (2019)
Fig 57 Aeci Ltd. - Revenue Split By Segment (2019)