Specialty Chemicals Market - Forecast(2024 - 2030)

Report Code: CMR 12114 Report Format: PDF + Excel


Specialty Chemicals Market is forecast to reach $588.41 billion by 2025, after growing at a CAGR of 5.51% during 2020-2025. The construction industry will boost consumer demand as a result of increased commercial and residential construction projects. Rising urbanization in developing regions has resulted in numerous upcoming housing projects increasing product demand. Further, it enhances the overall market demand.

Report Coverage

The “Specialty Chemicals Market Report– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Specialty Chemicals Market.

Key Takeaways

  • Asia-Pacific, due to its large customer base, has dominated the world economy, leading to high demand for specialty chemicals, rising industrial production and rapid growth in the region's construction sector.
  • Growing R&D is likely to provide an opportunity over the forecast period for the market studied to develop new products.
  • Paints and coatings dominated the market for specialty chemicals and are expected to grow over the forecast period, with robust growth in the construction industry, driven largely by growth in residential construction worldwide.
  • Increasing construction spending in BRIC nations has a positive impact on the size of the market for construction specialty chemicals and has created new opportunities for business growth.
  • In addition, the rising automotive sector in the region, such as China, India and Japan, is the main driver of business growth due to high per capita disposable income and improved customer lifestyle.

Type - Segment Analysis

Food Additives segment held the largest share in the Specialty Chemicals Market. Growing population and need for food which in turn increases the Food additives specialty chemicals. These are used to enhance the foods nutrient content, keep the product fresh and make the food more appealing. Furthermore, it also provides consistent and smooth texture along with maintaining the wholesomeness of food. Increasing living standards accompanied by rising consumer’s disposable income would drive growth for food additives in the next few years.

Application - Segment Analysis

Construction Chemicals sector has been the primary market for Specialty Chemicals by growing at a CAGR of 8.89%. The paints and coatings segment have wide range of applications in this sector, the market is estimated to record significant changes in respective countries. The top countries in the Construction & Infrastructure industry are expected to boom over the next five years. Americas and Europe are estimated to continue to emerge in the global glass landscape. Construction & Infrastructure end user further segmented into retail stores, restaurants and hotels, airports, hospitals, arts and exhibition centers, shopping malls, and others. Airports is the largest segment with the share of 22.7% followed by restaurants and hotels with 21.2%, and retail stores with 20.2%. Increase in spending of commercial construction especially in the developing countries such as China, India, and South Korea, will increase the demand of construct ion chemicals. Commercial construction will continue to grow in the future. With more consumer spending and governmental investments in tourism, office buildings and retail space, commercial construction businesses will reap the rewards.   

Geography - Segment Analysis

APAC dominated the Specialty Chemicals Market share with more than 38%, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. In the developing region such as APAC, the expansion of construction industry contributes into the growth of Specialty chemicals Market. The Asia Pacific construction industry is worth $4.95 trillion (excluding India) and is expected to reach $5.45 trillion by 2021 according to ENG Cranes. The healthy economic growth in APAC had risen the construction activities in the region.  

By 2020, one half of global construction spending is expected to come from APAC countries with China, Indonesia, Japan, South Korea, and Malaysia are exhibiting the highest growth potential. India is expected to grow at twice the rate of China over the next decade especially into infrastructure sector where government is investing approximately $376.5 billion over the next three years. Japan’s residential and infrastructure construction accounts for 28 to 33 percent of construction activities. Further, the construction activity is expected to rise in next few years because of upcoming Olympic Games. These factors are likely to increase demand in the region over the forecast period for paints and coatings, adhesives and sealants, construction chemicals, and specialty polymers. Therefore, during the forecast period, all such favourable trends are collectively likely to drive the growth of the region's specialty chemicals market.

Drivers – Specialty Chemicals Market

  • Advancement

Development in supply chain management, strategic sourcing, and ecommerce has increased transparency and awareness of the customer. As a result, in some areas the specialty chemicals industry is becoming more commodity-like as companies are selling their goods on cost rather than quality. After imposing price increases to account for higher costs of R&D, energy and raw materials, the specialty chemicals industry is now trying to improve its margins. By becoming more service-oriented, several specialty chemical companies are trying to increase barriers to accessing their markets. They concentrate less on goods and more on customer-specific support services. Most specialties chemicals industries, including automotive coatings, catalytic fluid cracking catalysts, pharmaceutical additives, antioxidants, and water treatment, has long been willing to provide services alongside products.

Challenges – Specialty Chemicals Market

  • Stringent Regulations Governing the Specialty Chemicals Market

The majority of specialty chemicals are synthetic, which can adversely effect the environment and therefore effect chemicals of flora and fauna. Because of their toxic nature, environmental protection authorities have placed various environmental restrictions on the use of synthetic chemicals, which can impede the size of the market for specialty chemicals over the timeframe forecast For example, atrazine and acetochlor herbicides have been banned by the European Union. France and Denmark also banned glyphosate for use in lawns and gardens in June 2015.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Specialty Chemicals Market. In 2018, the market of Specialty Chemicals has been consolidated by the top five players accounting for xx% of the share. Major players in the Specialty Chemicals Market are Henkel Ag & Co. KGAA, BASF SE, AkzoNobel N.V., Evonik Industries AG and Clariant AG, Huntsman International LLC, The Dow Chemical Company, Albemarle Corporation, and Ashland Inc. (U.S.), among others.

1. Specialty Chemicals Market - Overview
        1.1 Definitions and Scope
2. Specialty Chemicals Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Specialty Chemicals Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Specialty Chemicals Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Specialty Chemicals Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Specialty Chemicals Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Specialty Chemicals Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Specialty Chemicals Market - By Adhesives & Sealants (Segmented by Technology) (Market Size -$Million / $Billion)
        8.1 Waterborne Adhesives
        8.2 Solvent-borne Adhesives
        8.3 Hot Melt Adhesives
8.4 Reactive Adhesives
8.5 Sealants
9. Specialty Chemicals Market - By Catalysts (Segmented by Function) (Market Size -$Million / $Billion)
        9.1 Chemical Synthesis Catalysts
9.2 Petroleum Refining Catalysts
9.3 Polymerization Catalysts
10. Specialty Chemicals - By Construction Chemicals (Segmented by Application) (Market Size -$Million / $Billion)
        10.1 Commercial
        10.2 Industrial
        10.3 Infrastructure
10.4 Residential
11. Specialty Chemicals Market - By Cosmetic Chemicals (Segmented by Application) (Market Size -$Million / $Billion)
        11.1 Hair Care
11.2 Skin Care
11.3 Oral Care
11.4 Personal Hygiene
12. Specialty Chemicals Market - By Dyes, Inks, & Pigments (Segmented by Type) (Market Size -$Million / $Billion)
        12.1 Inks
12.2 Dyes
12.3 Organic Pigments
12.4 Inorganic Pigments
13. Specialty Chemicals Market - By Electronic Chemicals (Segmented by Application) (Market Size -$Million / $Billion)
        13.1 Semiconductors & Integrated Circuits
13.2 Printed Circuit Boards
14. Specialty Chemicals Market - By Flavors & Fragrances (Segmented by Type) (Market Size -$Million / $Billion)
        14.1 Flavors
14.2 Fragrances
15. Specialty Chemicals Market - By Food Additives (Segmented by Type) (Market Size -$Million / $Billion)
        15.1 Natural Additives
15.2 Synthetic Additives
16. Specialty Chemicals Market - By Foundry Chemicals (Segmented by Application Sector) (Market Size -$Million / $Billion)
        16.1 Iron & Steel
16.2 Non Ferrous Metals
17. Specialty Chemicals Market - By lndustrial & lnstitutional Cleaners (Segmented by Application) (Market Size -$Million / $Billion)
        17.1 General Purpose Cleaners
17.2 Floor Care Products
17.3 Ware-washing Detergents
17.4 Disinfectants & Sanitizers
17.5 Laundry Care Products
17.6 Vehicle Wash Products
17.7 Hand Cleansers
18. Specialty Chemicals Market - By Lubricants & Oil Additives (Segmented by Type) (Market Size -$Million / $Billion)
        18.1 Bio-based Lubricants
18.2 Mineral Oil Lubricants
18.3 Synthetic Lubricants
18.4 Greases
19. Specialty Chemicals Market - By Mining Chemicals (Segmented by Application) (Market Size -$Million / $Billion)
        19.1 Blasting & Drilling
19.2 Mineral Processing
19.3 Water & Waste Treatment
20. Specialty Chemicals Market - By Oilfield Chemicals (Segmented by Type) (Market Size -$Million / $Billion)
        20.1 Biocides
20.2 Corrosion & Scale Inhibitors
20.3 Demulsifiers
20.4 Polymers
20.5 Surfactants
21. Specialty Chemicals Market - By Paints & Coatings (Segmented by Application) (Market Size -$Million / $Billion)
        21.1 Industrial Coatings
21.2 Architectural Coatings
21.3 Specialty Coatings
22. Specialty Chemicals Market - By Plastic Additives (Segmentation by Plastic Type) (Market Size -$Million / $Billion)
        22.1 Commodity Plastics
22.2 Engineering and High Performance Plastics
23. Specialty Chemicals Market - By Rubber Processing Chemicals (Segmented by Application) (Market Size -$Million / $Billion)
        23.1 Tire
23.2 Non-Tire
24. Specialty Chemicals Market - By Specialty Polymers (Segmentation by Type) (Market Size -$Million / $Billion)
        24.1 Specialty Elastomers
24.2 Specialty Composites
24.3 Specialty Thermoplastics
24.4 Specialty Thermosets
25. Specialty Chemicals Market - By Extile Chemicals (Segmented by Application) (Market Size -$Million / $Billion)
        25.1 Apparels
25.2 Automotive Textiles
25.3 Geo-textiles
25.4 Home Furnishing
25.5 Industrial Textiles
25.6 Smart-Textiles for Military & Defense
26. Specialty Chemicals Market - By Water Treatment Chemicals (Segmented by Function) (Market Size -$Million / $Billion)
        26.1 Biocides & Disinfectants
26.2 Coagulants & Flocculants
26.3 Corrosion & Scale Inhibitors
26.4 Defoamers & Defoaming Agents
26.5 pH Adjusters & Softeners
27. Specialty Chemicals - By Geography (Market Size -$Million / $Billion)
        27.1 Specialty Chemicals Market - North America Segment Research
        27.2 North America Market Research (Million / $Billion)
            27.2.1 Segment type Size and Market Size Analysis
            27.2.2 Revenue and Trends
            27.2.3 Application Revenue and Trends by type of Application
            27.2.4 Company Revenue and Product Analysis
            27.2.5 North America Product type and Application Market Size
         Rest of North America
        27.3 Specialty Chemicals- South America Segment Research
        27.4 South America Market Research (Market Size -$Million / $Billion)
            27.4.1 Segment type Size and Market Size Analysis
            27.4.2 Revenue and Trends
            27.4.3 Application Revenue and Trends by type of Application
            27.4.4 Company Revenue and Product Analysis
            27.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        27.5 Specialty Chemicals- Europe Segment Research
        27.6 Europe Market Research (Market Size -$Million / $Billion)
            27.6.1 Segment type Size and Market Size Analysis
            27.6.2 Revenue and Trends
            27.6.3 Application Revenue and Trends by type of Application
            27.6.4 Company Revenue and Product Analysis
            27.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        27.7 Specialty Chemicals - APAC Segment Research
        27.8 APAC Market Research (Market Size -$Million / $Billion)
            27.8.1 Segment type Size and Market Size Analysis
            27.8.2 Revenue and Trends
            27.8.3 Application Revenue and Trends by type of Application
            27.8.4 Company Revenue and Product Analysis
            27.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        27.9 Specialty Chemicals - Middle East Segment and Africa Segment Research
        27.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            27.10.1 Segment type Size and Market Size Analysis
            27.10.2 Revenue and Trend Analysis
            27.10.3 Application Revenue and Trends by type of Application
            27.10.4 Company Revenue and Product Analysis
            27.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            27.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
28. Specialty Chemicals Market - Entropy
        28.1 New product launches
        28.2 M&A s, collaborations, JVs and partnerships
29. Specialty Chemicals Market - Industry / Segment Competition landscape Premium
        29.1 Market Share Analysis
            29.1.1 Market Share by Country- Top companies
            29.1.2 Market Share by Region- Top 10 companies
            29.1.3 Market Share by type of Application - Top 10 companies
            29.1.4 Market Share by type of Product / Product category- Top 10 companies
            29.1.5 Market Share at global level - Top 10 companies
            29.1.6 Best Practises for companies
30. Specialty Chemicals Market - Key Company List by Country Premium
31. Specialty Chemicals Market Company Analysis
        31.1 Market Share, Company Revenue, Products, M&A, Developments
        31.2 3M
        31.3 A.Schulman
        31.4 Akzonobel
        31.5 Albemarle Corporation
        31.6 Archroma
        31.7 Ashland Inc
        31.8 Baker Hughes Inc
        31.9 Basf Se
        31.10 Berwind
        31.11 Bp Plc
        31.12 Buckman Laboratory Inc
        31.13 Chemtura Corporation
        31.14 Chevron Corporation
        31.15 Clariant International Ltd
        31.16 Conocophillips Co
        31.17 Covestro
        31.18 Cytec Industry Inc
        31.19 Dowdupont
        31.20 Dulux Group
        31.21 Eastman Chemical Company
        31.22 Ecolab Inc
        31.23 Emery Oleochemicals Group
        31.24 Evonik Industry Ag
        31.25 Exxon Mobil Corporation
        31.26 Ferro Corporation
        31.27 Ge Water And Process Technology
        31.28 H.B. Fuller
        31.29 Halliburton
        31.30 Henkel Ag Co. Kgaa
        31.31 Hexion
        31.32 Huntsman International
        31.33 Ineos
        31.34 Johnson Johnson
        31.35 L'Oreal
        31.36 Lonza Group Ltd
        31.37 Merck Kgaa
        31.38 Nippon Paint
        31.39 Paint
        31.40 Procter Gamble Company
        31.41 Royal Dutch Shell
        31.42 Schlumberger Ltd
        31.43 Sika Ag
        31.44 Solvay Sa
        31.45 Total Sa
        31.46 Unilever
        31.47 W R Grace Co
        31.48 Company 47
        31.49 Company 48 & More
*Financials would be provided on a best efforts basis for private companies
32. Specialty Chemicals Market - Appendix
        32.1 Abbreviations
        32.2 Sources
33. Specialty Chemicals Market - Methodology
        33.1 Research Methodology
            33.1.1 Company Expert Interviews
            33.1.2 Industry Databases
            33.1.3 Associations
            33.1.4 Company News
            33.1.5 Company Annual Reports
            33.1.6 Application Trends
            33.1.7 New Products and Product database
            33.1.8 Company Transcripts
            33.1.9 R&D Trends
            33.1.10 Key Opinion Leaders Interviews
            33.1.11 Supply and Demand Trends