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Specialty Chemicals Market - Global Outlook and Forecast 2021-2026

  • ID: 5360070
  • Report
  • July 2021
  • Region: Global
  • 305 pages
  • Arizton
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • Aarti Industries Ltd
  • Ashland
  • Clariant
  • Eastman Chemical Company
  • Kemira OYJ
  • Michelman Inc.
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Specialty Chemicals Market Report



The global specialty chemicals market by revenue is expected to grow at a CAGR of 5.60% during the period 2020-2026.

Specialty chemicals are a niche segment that offers special ingredients to improve the performance of several end-users, including construction, automotive, cosmetic, textile, and agricultural industries. An increase in the population, a decrease in the arable land, and expansion of horticulture industries are a few major factors contributing to the growth of the agrochemical & fertilizer market. India, China, Japan, Germany, France, and the UK are the major market for agrochemicals. Water treatment chemicals are the second-largest end-use of the specialty chemical market. These substances are used to disinfect water so that it can be reused in the environment. The factors contributing to the growth of water treatment chemicals are the rising population globally, increasing the demand for potable water. Construction chemicals have the high potential to propel in the forthcoming years due to the robust growth in the construction industry. Rapid urbanization, increasing population, and substantial investment by government agencies to boost the housing sector are stimulating the growth of the construction sector, which, in turn, is driving the market for construction chemicals.

The following factors are likely to contribute to the growth of the specialty chemicals market during the forecast period:
  • Growing Demand from Construction Chemicals
  • Development of Eco-Friendly Products
  • High Demand from Agrochemical and Pharmaceutical Segments
  • Increasing Demand for Personal Care Products for Men
The study considers the global specialty chemicals market’s present scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

GLOBAL SPECIALTY CHEMICALS MARKET SEGMENTATION

The global specialty chemicals market research report includes a detailed segmentation by end-user, geography. The global agrochemical market expects to reach USD 314.32 billion by 2026. The increased focus on digital tools such as farmer applications and dealer management systems for better decision-making is likely to increase the demand for specialty agrochemicals. To curb the harmful effects of chemical-based products, the application of agrochemicals is growing. India, China, Japan, Germany, France, and the UK are the primary market for agrochemicals. Currently, China is the largest producer and consumer of fertilizers and leads the agrochemical market.

The global construction chemicals market will likely grow at a CAGR of 6.22% from 2020 to 2026. Global infrastructure investments are expected to reach USD 94.4 trillion by 2040, with USD 3.6 trillion earmarked for sustainable development goals. The APAC region is likely to witness the largest investments during the forecast period. Its share in infrastructure investments increased from 54% in 2010 to nearly 57% in 2015, estimated to reach 55% by 2040. The increasing demand for earthquake-resistant buildings around the ring of fire in APAC and the East Coast of North America and Latin America is likely to increase the demand for construction chemicals.

The global water treatment chemicals market is likely to reach USD 157.42 billion by 2026, growing at a CAGR of 5.79%. Coagulants and flocculants are the most widely used chemicals, followed by biocides & disinfectants due to the increased application of these substances in municipal and wastewater treatment plants in several industries, including power, oil & gas, chemical, and petrochemical. Biocides and disinfectants account for the second-largest product segment as they ensure the safety of manufacturing systems and operational efficiency by preventing the growth of microbes. North America and Europe are the mature markets for water chemicals.

End-user
  • Agrochemical
  • Construction Chemicals
  • Water Treatment Chemicals
  • Textile Chemicals
  • Flavors & Fragrance Ingredient
  • Personal Care Ingredient
  • Electronic Chemicals
  • Dyes & Pigments
  • Paints & Coating
  • Food Additives
  • Home Care Ingredients
  • Others
INSIGHTS BY GEOGRAPHY

India, China, and Japan are the major consumers of specialty chemicals in APAC, accounting for USD 379.22 billion of the total revenue in 2020. The APAC specialty chemicals market is likely to reach USD 580.34 billion by 2026. The demand for specialty chemicals has grown due to rapid urbanization, rising disposable incomes, and increasing industrialization of food, agriculture, cosmetics, textile, electronics, and other manufacturing sectors in APAC. The increasing demand for cosmetic products, the high demand for electronics products, the growing demand for adhesives and plastics from the packaging industry, and increasing installations of water treatment systems fuel the demand for specialty chemicals.

Geography
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • Belgium
  • Netherlands
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Latin America
  • Mexico
  • Brazil
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
INSIGHTS BY VENDORS

The global specialty chemicals market is highly competitive and has a presence of both significant and regional players. Vendors focus on developing innovative products to support sustainability and expanding their product portfolio. Although established players dominate the market, growth opportunities for small players and new entrants also exist. They focus on capitalizing on the product portfolio that best suits the domestic requirement. Due to the outbreak of the COVID-19 pandemic, the specialty chemical market has negatively been affected. With the spread of the coronavirus, several production facilities, including automobile, construction, textile, and other industrial products, were suspended temporarily. Therefore, the demand for chemicals has experienced a sharp decline. To survive the intensive competitive environment, manufacturers need to introduce new or improved coating additives products to adapt to the constantly evolving market.

Prominent Vendors
  • BASF SE
  • Aarti Industries Ltd
  • Evonik Industries
  • Clariant
  • Elementis Plc
Other Prominent Vendors
  • Arkema
  • Eastman Chemical Company
  • Angus Chemical Company
  • Lonza
  • Daikin Chemicals Ltd.
  • Cabot Corporation
  • Double Bond Chemical
  • King Industries Inc.
  • Michelman Inc.
  • PPG Industries
  • Albemare Corporation
  • Ashland
  • The Lubrizol Corporation
  • Solvay Chemicals
  • Kemira OYJ
  • Lanxess
  • Croda International Plc
  • Huntsman International LLC
  • Ferro Corporation
  • Univar Solutions Inc
  • Bayer AG
  • Chevron Phillips Chemical Company LLC
  • Rossari Biotech Limited
  • Vinati Organics Limited
KEY QUESTIONS ANSWERED:

1. How big is the specialty chemicals market?
2. Which segment accounted for the largest specialty chemicals market share in 2020?
3. Which region holds the largest share in the specialty chemicals market?
4. Who are the key players in the specialty chemicals market?
5. What are the key factors driving the specialty chemicals market?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aarti Industries Ltd
  • Ashland
  • Clariant
  • Eastman Chemical Company
  • Kemira OYJ
  • Michelman Inc.
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Global Trends in Chemical Industry
7.3 Specialty Chemicals: Overview
7.4 End-Use Segment Analysis
7.5 Megatrends in Specialty Chemicals Market

8 Growth Opportunity by Segment
8.1 End Use
8.2 Geography

9 Market Opportunities & Trends
9.1 Growing Demand from Construction Sector
9.2 Development of Eco-Friendly Products
9.3 High Demand From APAC

10 Market Growth Enablers
10.1 High Demand from Agrichemical Segment
10.2 Significant Demand from Pharmaceutical Segment
10.3 Increasing Demand for Personal Care Products for Men

11 Market Restraints
11.1 Stringent Environmental Regulations

12 Market Landscape
12.1 Market Overview
12.2 Geographic Landscape
12.3 Market Size & Forecast
12.4 Five Forces Analysis

13 Functions Performed by Specialty Chemicals
13.1 Rheology Modifier
13.2 Specialty Biocides
13.3 Demulsifier
13.4 Specialty Adhesives and Sealants
13.5 Specialty Pigments
13.6 Water-Soluble Polymers
13.7 Specialty Coatings

14 End-Use Segmentation
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Agrichemicals & Fertilizers
14.4 Construction Chemicals
14.5 Water Treatment Chemicals
14.6 Textile Chemicals
14.7 Flavor & Fragrance Ingredients
14.8 Personal Care Ingredients
14.9 Electronic Chemicals
14.10 Dyes & Pigments
14.11 Paint & Coating Additives
14.12 Food Additives
14.13 Others

15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview

16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 End-Use Segment
16.4 Key Countries

17 APAC
17.1 Market Overview
17.2 End-Use Segment
17.3 Key Countries

18 Latin America
18.1 Market Overview
18.2 End-Use
18.3 Key Countries

19 Middle East & Africa
19.1 Market Overview
19.2 End-Use
19.3 Key Countries

20 European Union
20.1 Market Overview
20.2 End Use
20.3 Key Countries

21 Competitive Landscape
21.1 Competition Overview

22 Key Company Profiles
22.1 BASF SE
22.2 Aarti Industries Ltd
22.3 Evonik Industries
22.4 Clariant
22.5 Elementis PLC

23 Other Prominent Vendors
23.1 Arkema
23.2 Eastman Chemical Company
23.3 Angus Chemical Company
23.4 Lonza
23.5 Daikin Industries Ltd
23.6 Cabot Corporation
23.7 Double Bond Chemical
23.8 King Industries, Inc
23.9 Michelman, Inc
23.10 PPG Industries, Inc
23.11 Albemare Corporation
23.12 Ashland
23.13 The Lubrizol Corporation
23.14 Solvay
23.15 Kemira
23.16 Lanxess
23.17 Croda International Plc
23.18 Huntsman International
23.19 Ferro Corporation
23.20 Univar Solutions Inc
23.21 Bayer AG
23.22 Chevron Philips Chemical Company
23.23 Rossari Biotech
23.24 Vinati Organics Limited

24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations

25 Quantitative Summary
25.1 End Use

26 Geography
26.1 North America
26.2 APAC
26.3 European Union
26.4 Latin America
26.5 Middle East & Africa

27 Appendix
27.1 Abbreviations
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • BASF SE
  • Aarti Industries Ltd
  • Evonik Industries
  • Clariant
  • Elementis Plc
  • Arkema
  • Eastman Chemical Company
  • Angus Chemical Company
  • Lonza
  • Daikin Chemicals Ltd.
  • Cabot Corporation
  • Double Bond Chemical
  • King Industries Inc.
  • Michelman Inc.
  • PPG Industries
  • Albemare Corporation
  • Ashland
  • The Lubrizol Corporation
  • Solvay Chemicals
  • Kemira OYJ
  • Lanxess
  • Croda International Plc
  • Huntsman International LLC
  • Ferro Corporation
  • Univar Solutions Inc
  • Bayer AG
  • Chevron Phillips Chemical Company LLC
  • Rossari Biotech Limited
  • Vinati Organics Limited
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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