Sandy, USA, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Specialty Chemicals Market Size, Share, Growth Analysis Report By Product Type (Agrochemicals, Dyes and Pigments, Construction Chemicals, Specialty Polymers, Textile Chemicals, Base Ingredients, Surfactants, Functional Ingredients, Water Treatments, Others), By End-Use (Industrial, Construction, Cosmetics and Personal Care, Pharmaceutical, Electrical & Electronics, Mining and Oilfield, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand of global Specialty Chemicals Market size & share was valued at approximately USD 627.7 Billion in 2021 and is expected to reach a value of around USD 886.2Billion by 2030, at a compound annual growth rate (CAGR) of about 4.3% during the forecast period 2022 to 2030.”
According to Custom Market Insights (CMI), this report forecasts market growth at global, regional, and country levels and discusses industry trends shaping the market over the forecast period of 2022 to 2030. We have categorized the global Specialty chemicals market report based on product type, end-use verticals, and region. This report includes market dynamics as well as recent developments in the Specialty Chemicals Market forecast from 2022 to 2030.
Click Here to Access a Free Sample Report of the Global Specialty Chemicals Market @ https://www.custommarketinsights.com/report/specialty-chemical-market/
Specialty Chemicals Market: Overview
Specialty chemicals (called performance chemicals or effect chemicals) are widely popular in the industrial and construction sectors. Some of these include essential oils, gelatin, castor oil, and collagen. Manufacturers across the USA for Specialty chemicals are part of the Society of Chemical Manufacturers and Affiliates (SOCMA), while in the United Kingdom, these manufacturers are members of the British Association for Chemical Specialties (BACS). The Society of Chemical Manufacturers and Affiliates (SOCMA) consider Specialty chemicals to differ from regular chemicals in terms of their use, as Specialty chemicals have only one or two uses.
(A free sample of the Specialty Chemicals Market report is available upon request; don't hesitate to contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis.
- Custom Market Insights (CMI) research methodology
(Please note that the Specialty Chemicals report sample has been modified to include the COVID-19 impact study before delivery.)
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 627.7 Billion |
| Projected Market Size in 2030 | USD 886.2 Billion |
| CAGR Growth Rate | 4.3% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Solvay AG, Evonik Industries AG, Clariant AG, Akzo Nobel N.V., BASF SE, KemiraOyj, LANXESS AG, Croda International Plc, Huntsman International LLC, The Lubrizol Corporation, Albemarle Corporation, and Others |
| Key Segment | By Product Type, End-Use, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Growth Factors
The Specialty chemicals are increasingly used across coatings, adhesives, sealants, and elastomers, which has emerged as a lucrative segment for chemical manufacturers. Numerous technological advancements and innovations have a long-lasting effect on production capacity and performance enhancement. The booming infrastructural sector and real estate sector in emerging economies such as India, China, and South Africa has contributed to market growth. Cleaners and disinfectant products have witnessed massive demand in Asia and North America region, leading to numerous opportunities for local Specialty chemical manufacturers.
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11853
Restraining Factors
Besides Covid-19, which has led to unprecedented supply chain breakdown, the automotive sector suffered significantly in regards to product and demand. The global automotive product suffered heavily during the pandemic, however, the automotive sector recovered over the past year and increased production with demand for EVs has risen. Specialty chemicals are used in rubber blacks and motor oil. Also, tremendous technicalities and complex processes associated with the production of Specialty chemicals have limited their production. The availability of less expensive substitute products will add to the industry challenge.
Specialty Chemicals Market Segmentation
The Specialty Chemicals are segmented into product type and end-use vertical. Based on product type, the market is categorized into agrochemicals, dyes and pigments, construction chemicals, Specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatments and others. Moreover, based on the end-use sector, the market is categorized into, the industrial sector, the construction sector, cosmetics and personal care, pharmaceutical, electrical & electronics industry, mining and oilfield and others.
Regional Overview
The Asia Pacific is estimated to hold the largest market share, followed by the North American region. The United States has observed increased demand for Specialty chemicals from the residential contraction sector, thus the demand is not restricted to the developing nations. Further, the oil & gas sector along with the mining sector also saw increased demand in the Middle East and South America region. There is a rising activity in the oil refining sector over the past decade, which further contributed to substantial growth in the market. Europe will witness steady growth over the forecasted period.
Click Here to Access a Free Sample Report of the Global Specialty Chemicals Market @ https://www.custommarketinsights.com/report/specialty-chemical-market/
Key Players Insights
Global manufacturers focus on automation to increase their productivity and boost their market competency. Also, the long-term supply agreements for raw material supply and customer retention are key elements to gain traction among end-users, which will ensure stability.
List of the prominent players in the Global Specialty Chemicals Market:
- Solvay AG
- Evonik Industries AG
- Clariant AG
- Akzo Nobel N.V.
- BASF SE
- KemiraOyj
- LANXESS AG
- Croda International Plc
- Huntsman International LLC
- The Lubrizol Corporation
- Albemarle Corporation
Key questions answered in this report:
- What is the size of the Specialty Chemicals market and what is its expected growth rate?
- What are the primary driving factors that push the Specialty Chemicals market forward?
- What are the Specialty Chemicals Industry's top companies?
- What are the different categories that the Specialty Chemicals Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Specialty Chemicals market sample report and company profiles?
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11853
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/specialty-chemical-market/
Recent Development
- June 2022: UPL’s Specialty chemicals arm acquires a 100% stake in Kudos Chemie. After the acquisition, Kudos has become a step-down wholly-owned subsidiary of UPL Specialty Chemicals
- July 2022: Syngene International signs a 10-year agreement with US-based firm Zoetis.“This agreement initially c on Librela paves the way for the development and manufacturing of other molecules in the coming years and is expected to be worth up to $ 500 million to Syngene over 10 years, subject to regulatory approvals and market demand,” the company said.
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11853
(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)
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Browse the full “Specialty Chemicals Market Size, Share, Growth Analysis Report By Product Type (Agrochemicals, Dyes and Pigments, Construction Chemicals, Specialty Polymers, Textile Chemicals, Base Ingredients, Surfactants, Functional Ingredients, Water Treatments, Others), By End-Use (Industrial, Construction, Cosmetics and Personal Care, Pharmaceutical, Electrical & Electronics, Mining and Oilfield, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/specialty-chemical-market/
The Global Specialty Chemicals Market is segmented as follows:
By Product Type
- Agrochemicals
- Dyes and Pigments
- Construction Chemicals
- Speciality Polymers
- Textile Chemicals
- Base Ingredients
- Surfactants
- Functional Ingredients
- Water Treatments
- Others
By End-Use
- Industrial
- Construction
- Cosmetics and Personal Care
- Pharmaceutical
- Electrical & Electronics
- Mining and Oilfield
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11853
Key Insights:
- As per the analysis shared by our research analyst, the Specialty Chemicals Market is estimated to grow annually at a CAGR of around 4.3% over the forecast period (2022-2030).
- In terms of revenue, the Specialty Chemicals Market is primarily driven by the industrial and construction sectors with rising demand from the electrical and electronics sectors in recent times.
- Based on product type segmentation, the agrochemicals segment was estimated to show maximum market share in the year 2021.
- Based on the end-use sector, the industrial segment was the leading revenue-generating category in 2021.
- On the basis of region, the Asia Pacific region is the leading market with countries such as China and India dominating regional market growth.
Click Here to Get a Free Sample Report of the Global Specialty Chemicals Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=11853
Spectacular Deals
- Comprehensive coverage
- Maximum number of market tables and figures
- Subscription-based option offered
- Best price guarantee
- Free 35% or 60 hours of customization.
- Free post-sale service assistance.
- 25% discount on your next purchase.
- Service guarantees are available.
- Personalized market brief by author.
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Reasons for the Research Report
- The study's goal is to provide a thorough overview of the global Specialty Chemicals market. Compare your performance to that of the market as a whole.
- Aim to maintain your competitiveness while market growth is fueled by innovations from established key players.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the analysis of the worldwide Specialty Chemicals market.
- The competitive environment of current and potential participants in the Specialty Chemicals market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, the market is analysed both qualitatively and quantitatively in this study. Additionally, the report offers comparable data for the important regions.
- For each of the aforementioned segments, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders in the worldwide Specialty Chemicals market should find this report useful. The research will be useful to all market participants in the Specialty Chemicals industry.
- Managers in the Specialty Chemicals sector are interested in publishing up-to-date and projected data about the worldwide Specialty Chemicals market.
- Governmental agencies, regulatory bodies, decision-makers, and organisations wanting to invest in market trends for Specialty Chemicals products.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organisations to develop plans.
Click Here to Access a Free Sample Report of the Global Specialty Chemicals Market @ https://www.custommarketinsights.com/report/specialty-chemical-market/
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