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Specialty Chemicals Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 140 Pages
SKU # FOB19224247

Description

Specialty Chemicals Market



Growth Factors of Specialty Chemicals Market

The Specialty Chemicals market size was valued at USD 627.7 billion in 2023, and the market is now projected to grow from USD 721.5 billion in 2024 to USD 1063 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period of 2024-2032.

In the marketplace of specialty chemicals, COVID-19 impact has acted as a beneficiary element for the market growth all around the globe, driving producers are witnessing an impressive increment within the request for cleanliness items such as hand sanitizers, fluid cleansers, disinfectant showers, and germ defend wipes. Over the past 12-18 months, chemical companies have noticed an extension within the utilization of claim to fame things. They have presently evaluated their generation plans in light of current circumstances and are rapidly scaling up and streamlining their generation capacities. In this manner, this rising selection of cleaners and disinfectants has given an enriched boost to the market.

In the market arena the operating notch players are looking to grow their businesses and make a one-of-a-kind mix of novel strength chemical manufacturing units. Numerous industry players have collaborated to make groundbreaking civilities and developments by applying advancements in assets such as artificial intelligence, which are slated to start modern roads within the advertise. These chemicals offer a chance to overcome benefit impediments within the GCC nations, especially in light of the low unrefined cost environment, whereas too moderating China's developing self-sufficiency in commodities.

Specialty chemicals are utilized by a plenty of fabricating businesses such as materials, oil and gas, ink added substances, development, nourishment, and makeup. The chemical composition and viability of these compounds discern their usage. With the world getting more progressively concerned around wellbeing and security, the development in deals of mechanical and regulation cleaners (I&I), disinfectants, and sanitizers have extended at a swifter rate than normal. This demand development has made the producers to slope up their generation and influence the specialty chemicals market growth.

Comprehensive Analysis of Specialty Chemicals Market

The marketplace of specialty chemicals on the foundation of types are sectioned into agrochemicals, dyes and pigments, construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. Out of these, the agrochemicals section is projected to account for generally one-eighth of the market's share and is anticipated to be the fastest-growing portion amid the estimate period. The developing populace base, combined with the rising nourishment request, is expanding the appropriation of agrochemicals for progressed trim generation and assurance, fueling the development of the advertise.

The most progressed nation in showing dominance in the specialty chemicals market share the Asia Pacific stands out progressing with a valuation of USD 328.40 billion globally. This could be inferable to the expansive chemical generation base concentrated in China and India. China has developed as the center for the generation of chemicals owing to the simple accessibility of raw materials and cheap labor. On a similar note, the Indian showcase is additionally exceedingly part, with the lion's share of companies being little to medium-sized.

To capture the littlest of whitespace and advance monetary adeptness, organizations are working on foundation updates and innovative progression in their generation plants. Besides, Research and Development for bio-based chemicals has picked up noteworthy earnings in recent years as a result of moving end-user discernments and favorable administrative orders. The pillars of the market functioning globally are Evonik Industries AG (Germany), Solvay AG (Belgium), Clariant AG (Switzerland), LANXESS AG (Germany), BASF SE (Germany), Croda International Plc (U.K.), Albermarle Corporation (U.S.) and others.

Within the month of April 2021, Evonik Industries AG declared that it is exploring the utilize of the high-performance polymer VESTAKEEP Peek, an illustrated embed polymer for restorative science, for proficient auxiliary prosthesis frameworks. The company is utilizing the competence of therapeutic experts at Massachusetts Common Hospital's world-renowned Center for Knee and Hip Replacement (USA). In case the development is effective, the conveyance life of VESTAKEEP-based joint prostheses may well be significantly upgraded, possibly diminishing the need for surgical intercession or days of torment treatment.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.0% during 2024-2032

Unit Volume (Million Tons); Value (USD Billion)

Segmentation By Type
  • Agrochemicals
  • Dyes and Pigments
  • Construction Chemicals
  • Specialty Polymers
  • Textile Chemicals
  • Base Ingredients
  • Surfactants
  • Functional Ingredients
  • Water Treatment
  • Others
By Geography
  • North America (By Application, By Country)
  • U.S.
  • Canada
  • Europe (By Application, By Country)
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific (By Application, By Country)
  • China
  • India
  • Japan
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
  • Latin America (By Application, By Country)
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • The Middle East & Africa (By Application, By Country)
  • South Africa
  • GCC
  • Rest of Middle East & Africa


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Table of Contents

140 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Market Trends
4.2. Key Developments
4.3. Latest Technological Advancements
4.4. Insights on Regulatory Scenario
4.5. PORTER’s Five Forces Analysis
4.6. Insights on COVID-19 Impact on Market
5. Global Specialty Chemicals Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Type (Volume and Value)
5.2.1. Agrochemicals
5.2.2. Dyes and pigments
5.2.3. Construction chemicals
5.2.4. Specialty polymers
5.2.5. Textile chemicals
5.2.6. Base ingredients
5.2.7. Surfactants
5.2.8. Functional ingredients
5.2.9. Water treatment
5.2.10. Others
5.3. By Region (Volume and Value)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Latin America
5.3.5. Middle East & Africa
6. North America Specialty Chemicals Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Type (Volume and Value)
6.2.1. Agrochemicals
6.2.2. Dyes and pigments
6.2.3. Construction chemicals
6.2.4. Specialty polymers
6.2.5. Textile chemicals
6.2.6. Base ingredients
6.2.7. Surfactants
6.2.8. Functional ingredients
6.2.9. Water treatment
6.2.10. Others
6.3. By Country (Volume and Value)
6.3.1. U.S.
6.3.2. Canada
7. Europe Specialty Chemicals Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Type (Volume and Value)
7.2.1. Agrochemicals
7.2.2. Dyes and pigments
7.2.3. Construction chemicals
7.2.4. Specialty polymers
7.2.5. Textile chemicals
7.2.6. Base ingredients
7.2.7. Surfactants
7.2.8. Functional ingredients
7.2.9. Water treatment
7.2.10. Others
7.3. By Country (Volume and Value)
7.3.1. Germany
7.3.2. Italy
7.3.3. Spain
7.3.4. U.K.
7.3.5. France
7.3.6. Russia
7.3.7. Rest of Europe
8. Asia Pacific Specialty Chemicals Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Type (Volume and Value)
8.2.1. Agrochemicals
8.2.2. Dyes and pigments
8.2.3. Construction chemicals
8.2.4. Specialty polymers
8.2.5. Textile chemicals
8.2.6. Base ingredients
8.2.7. Surfactants
8.2.8. Functional ingredients
8.2.9. Water treatment
8.2.10. Others
8.3. By Country (Volume and Value)
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Southeast Asia
8.3.6. Rest of Asia Pacific
9. Latin America Specialty Chemicals Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Type (Volume and Value)
9.2.1. Agrochemicals
9.2.2. Dyes and pigments
9.2.3. Construction chemicals
9.2.4. Specialty polymers
9.2.5. Textile chemicals
9.2.6. Base ingredients
9.2.7. Surfactants
9.2.8. Functional ingredients
9.2.9. Water treatment
9.2.10. Others
9.3. By Country (Volume and Value)
9.3.1. Mexico
9.3.2. Brazil
9.3.3. Argentina
9.3.4. Rest of Latin America
10. Middle East & Africa Specialty Chemicals Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. By Type (Volume and Value)
10.2.1. Agrochemicals
10.2.2. Dyes and pigments
10.2.3. Construction chemicals
10.2.4. Specialty polymers
10.2.5. Textile chemicals
10.2.6. Base ingredients
10.2.7. Surfactants
10.2.8. Functional ingredients
10.2.9. Water treatment
10.2.10. Others
10.3. By Country (Volume and Value)
10.3.1. GCC
10.3.2. South Africa
10.3.3. Rest of Middle East & Africa
11. Company Profiles
11.1. Solvay AG
11.1.1. Overview
11.1.2. Description
11.1.3. Product Portfolio
11.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5. Recent DevelopHouseholdts
11.2. Evonik Industries AG
11.2.1. Overview
11.2.2. Description
11.2.3. Product Portfolio
11.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5. Recent DevelopHouseholdts
11.3. Clariant AG
11.3.1. Overview
11.3.2. Description
11.3.3. Product Portfolio
11.3.4. Financials (Data as available in public domain and/or on paid databases)
11.3.5. Recent DevelopHouseholdts
11.4. Akzo Nobel N.V.
11.4.1. Overview
11.4.2. Description
11.4.3. Product Portfolio
11.4.4. Financials (Data as available in public domain and/or on paid databases)
11.4.5. Recent DevelopHouseholdts
11.5. BASF SE
11.5.1. Overview
11.5.2. Description
11.5.3. Product Portfolio
11.5.4. Financials (Data as available in public domain and/or on paid databases)
11.5.5. Recent DevelopHouseholdts
11.6. Kemira Oyj
11.6.1. Overview
11.6.2. Description
11.6.3. Product Portfolio
11.6.4. Financials (Data as available in public domain and/or on paid databases)
11.6.5. Recent DevelopHouseholdts
11.7. LANXESS AG
11.7.1. Overview
11.7.2. Description
11.7.3. Product Portfolio
11.7.4. Financials (Data as available in public domain and/or on paid databases)
11.7.5. Recent DevelopHouseholdts
11.8. Croda International Plc
11.8.1. Overview
11.8.2. Description
11.8.3. Product Portfolio
11.8.4. Financials (Data as available in public domain and/or on paid databases)
11.8.5. Recent DevelopHouseholdts
11.9. Huntsman International LLC
11.9.1. Overview
11.9.2. Description
11.9.3. Product Portfolio
11.9.4. Financials (Data as available in public domain and/or on paid databases)
11.9.5. Recent DevelopHouseholdts
11.10. The Lubrizol Corporation
11.10.1. Overview
11.10.2. Description
11.10.3. Product Portfolio
11.10.4. Financials (Data as available in public domain and/or on paid databases)
11.10.5. Recent DevelopHouseholdts
11.11. Albemarle Corporation
11.11.1. Overview
11.11.2. Description
11.11.3. Product Portfolio
11.11.4. Financials (Data as available in public domain and/or on paid databases)
11.11.5. Recent DevelopHouseholdts
12. Strategic Recommendation
13.

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