Data Bridge Market Research analyses that the specialty chemical market was valued at USD 788.96 billion in 2021 and is expected to reach USD 1196.19 billion by 2029, registering a CAGR of 5.34 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Specialty chemicals which is also called specialties or effect chemicals, are particular chemical products which provide an extensive effects on which many other industry sectors depend. Some of the categories of specialty chemicals are cleaning materials, colors, adhesives, agrochemical, cosmetic additives, construction chemicals, elastomers, food additives, fragrances, textile auxiliaries and among others. Specialty chemicals are materials used on the basis of their function or performance. Therefore, in addition to "effect" chemicals they are sometimes referred to as "performance" chemicals or "formulation" chemicals. They can be unique mixtures and molecules known as formulations. The chemical and physical characteristics of the single molecules or the formulated mixtures of molecules and the configuration of the mixtures influences the performance end product.
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Scope of the Specialty Chemical Market Report:
The specialty chemical market is segmented on the basis of function, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Function
- Antioxidants
- Biocide
- Surfactants
- Others
Product
- Coating
- Agrochemicals
- Electronic Chemicals
- Construction Chemicals
- Speciality Polymers Resins
- Flavours Ingredients
- Fragrances Ingredients
- Dyes and Pigments
- Personal Care Active Ingredient
- Water Treatment Chemical
- Surfactants
- Textile Chemicals
- Bio-Based Chemicals
- Polymer Additives
- Oil Field Chemicals
- Paper and Pulp Chemicals
- Pharmaceutical Industries
- Others
Application
- Automotive
- Construction
- Agriculture
- Industrial Manufacturing
- Consumer Goods
- Others
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Some of the major players operating in the specialty chemical market are:
- Henkel Adhesives Technologies India Private Limited (Germany)
- BASF SE (Germany)
- AkzoNobel N.V. (Netherlands)
- Evonik Industries AG (Germany)
- Clariant (Switzerland)
- Huntsman International LLC (U.S.)
- Dow (U.S)
- Albemarle Corporation (U.S.)
- Ashland Inc. (U.S.)
- The Lubrizol Corporation (US)
- Croda International Plc (UK)
- Kemira Oyj (Finland), (Netherlands)
- LANXESS AG (Germany)
- Solvay (Belgium)
- Nouryon (Netherland)
- Sumitomo Chemical (Japan)
- Ashland LLC (US)
- Dupont (US)
- PPG (US)
- H.B Fuller Company (US)
- Dymaxn (US)
- Ferro Corporation (US)
- Uniseal Inc (US)
Specialty Chemical Market Regional Analysis/Insights
The Specialty Chemical market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Specialty Chemical market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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