Specialty Chemicals Market Size Share and Industry Outlook to 2028

SKU: DMCH171 | Last Updated On: Dec 14 2021 | No. of Pages: 180 | Available Formats

> Global Specialty Chemicals Market Expected to reach a high CAGR of 5.1% By 2028: DataM Intelligence

Global Specialty Chemicals Market is segmented By Category (Adhesives & Sealants, Cosmetic Chemicals, Dyes, Inks, & Pigments, Construction Chemicals, Food Additives, Industrial & Institutional Cleaners, Foundry Chemicals, Electronic Chemicals, Lubricants & Oil Additives, Oilfield Chemicals, Rubber Processing Chemicals, Textile Chemicals, Water Treatment Chemicals, Specialty Polymers, Plastic Additives, Paints & Coatings, Mining Chemicals, Flavors & Fragrances, Catalysts), By End User (Automotive & Transportation, Construction, Agriculture, Industrial manufacturing, Consumer goods, others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028


Market Overview

The Global Specialty Chemicals Market is expected to grow at a CAGR of 5.1% during the forecasting period (2021-2028).

Growth Factors 

  • Across the globe, chemical producers are slowly heading towards the specialty chemicals from commodity chemicals. Shift from price-sensitive chemicals to low-volume, high value and high margin specialty chemicals are seen in the industry from the past decade.
  • The substantial enlargement of specialty chemicals across the world is a positive indicator of the new trend.

Application segments 

  • High demand for function-specific chemicals is increasing the market for the use of Speciality chemicals. They provide a wide variety of effects on which many other industry sectors depend upon.
  • The upsurge of high-performance coatings and increased demand in end-user industries such as construction, automotive and electronics are the other factors attributing to the growth of the market. Industrialization in Asia-Pacific supplemented by low labor cost and economic growth also drives demand.

“Automotive Industry dominates the end user industry.”

  • Automotive is a fast-growing industry which is creating a high demand for paints, coatings, lubricants, adhesives, and others to reduce weight and foster cost savings.
  • The automotive industry is gradually replacing the welding activities of engine parts assembly with adhesives and sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Specialty chemicals are accounting for about 20% of overall vehicle weights and also efficient in meeting the emission & sustainability guidelines and regulations.

Market Segmentation

Specialty Chemicals Market is segmented based on various criteria into the following categories

Based on the type

  • Adhesives & Sealants,
  • Catalysts,
  • Construction Chemicals,
  • Cosmetic Chemicals,
  • Dyes,
  • Inks, & Pigments,
  • Electronic Chemicals,
  • Flavors & Fragrances,
  • Food Additives,
  • Foundry Chemicals,
  • industrial & institutional Cleaners,
  • Lubricants & Oil Additives,
  • Mining Chemicals,
  • Oilfield Chemicals,
  • Paints & Coatings,
  • Plastic Additives,
  • Rubber Processing Chemicals,
  • Specialty Polymers,
  • Textile Chemicals, and
  • Water Treatment Chemicals

Based on End Users

  • Automotive & transportation,
  • Construction, Agriculture,
  • Industrial manufacturing,
  • Consumer goods, and
  • Others

Based on Geography

  • North America,
  • South America,
  • Europe,
  • The Asia Pacific and
  • RoW

Market Trends

  • In 2015, Solvay acquired the US-based Cytec to upgrade its portfolio of advanced materials.Mitsubishi has shifted its focus towards the specialty chemicals by shutting down its ethylene crackers business and investing in carbon fiber and composites, organic photovoltaic modules and organic photo-semiconductors.

Features of this report

  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
  • The report profiles the following companies, which combined occupy most of the global specialty chemicals market share, including Albemarle Corporation, BASF SE, Henkel AG & Co. KGaA, Ashland Inc., Dymax Corporation, Evonik Industries AG, Solvay S.A., Albemarle Corporation, PPG Industries, AkzoNobel, H.B. Fuller, Huntsman Corporation, Ferro Corporation, Chemtura Corporation, EYYonMobil Corp., 3M, The Dow Chemical Company, Avery Dennison, Royal Adhesives & Sealants, Beardow & Adams (Adhesives) Ltd, and Uniseal Inc.

Key takeaways from this report

The professional purchasing the DMI report on global specialty chemicals market will be able to do the following

  • Visualize the composition of the Speciality Chemicals market across each indication, regarding type and applications, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in Speciality Chemicals by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points in the Speciality Chemicals market – level 4/5 segmentation
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Product mapping in excel for the critical Speciality Chemicals products of all major market players

Professionals who can derive maximum benefits out of this report

  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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Table of Contents

1. Methodology and Scope

1.1 Research methodology

1.1 Scope of the Report

2. Headlines & Trends

2.1 Headlines

2.2 Key Trends & Developments

3. Industry Analysis

3.1 Market Drivers

3.2 Market Restraints

3.3 Porters five forces Analysis

3.3.1 Buyer power

3.3.2 Supplier power

3.3.3 Industry Competition

3.3.4 Threat of new entrant

3.3.5 Threat of Substitutes

4. Segmentation by Category

4.1 Adhesives & Sealants

4.2 Cosmetic Chemicals

4.3 Dyes, Inks, & Pigments

4.4 Construction Chemicals

4.5 Food Additives

4.6 Industrial & institutional Cleaners

4.7 Foundry Chemicals

4.8 Electronic Chemicals

4.9 Lubricants & Oil Additives

4.10 Oilfield Chemicals

4.11 Rubber Processing Chemicals

4.12 Textile Chemicals

4.13 Water Treatment Chemicals

4.14 Specialty Polymers

4.15 Plastic Additives

4.16 Paints & Coatings

4.17 Mining Chemicals

4.18 Flavors & Fragrances

4.19 Catalysts

5. Segmentation By End User

5.1 Automotive & transportation

5.2 Construction

5.3 Agriculture

5.4 Industrial manufacturing

5.5 Consumer goods

5.6 Others

6. Geographic Analysis

6.1 North America

6.1.1 United States

6.1.2 Mexico

6.1.3 Canada

6.1.4 Rest of North America

6.2 South America

6.2.1 Brazil

6.2.2 Argentina

6.2.3 Rest of South America

6.3 Europe

6.3.1 United Kingdom

6.3.2 Spain

6.3.3. Germany

6.3.4 France

6.3.5 Russia

6.3.6 Rest of Europe

6.4 Asia-Pacific

6.4.1 India

6.4.2 China

6.4.3 Japan

6.4.4 Australia

6.4.5 Rest of Asia-Pacific

6.5 Rest of the World

7. Competitive Analysis

7.1 Market Share Analysis

7.2 Company Benchmarking

7.3 Key Strategies Adopted by Major Companies

8. Company Profiles


8.2 Evonik Industries AG

8.3 Henkel AG & Co. KGaA

8.4 Solvay S.A.

8.5 Albemarle Corporation

8.6 PPG Industries

8.7 Uniseal Inc

8.8 AkzoNobel

8.9 H.B. Fuller

8.10 Ashland Inc.

8.11 Huntsman Corporation

8.12 Ferro Corporation

8.13 Dymax Corporation

8.14 Chemtura Corporation

8.15 3M

8.16ExxonMobil Corp.

8.17 DowDuPont

8.18 Avery Dennison

8.19 Royal Adhesives & Sealants

8.20 Beardow & Adams Ltd

9. Appendix

9.1 Primary Sources Contacted

9.2 References

9.3 List of Figures

9.4 Glossary

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