Pune, India, Oct. 17, 2022 (GLOBE NEWSWIRE) -- MarketStudyReport recently added latest report, global specialty chemicals market size is estimated to grow at a CAGR of 5% through 2028, and eventually, accrue a sustainable valuation by the end of the forecast timeframe of 2022-2028. Additionally, using a thorough segmental analysis, the research study offers detailed insights into the breadth and depth of this field. Besides, a full analysis of the market competition is included in the document, identifying significant firms, up-and-coming rivals, and recent newcomers.
Surging demand for high-performance and function-specific chemicals across several end-use verticals such as personal care & cosmetics, oil & gas, and pulp & paper among others is a primary factor accelerating global specialty chemicals market growth.
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For those unaware, specialty chemicals, or performance chemicals as they are colloquially known, are a batch of specifically produced chemicals for certain applications, unlike other commodity chemicals. These chemicals are also manufactured in smaller quantities and thereby tend to be more expensive.
In addition, constant innovations, and R&D activities to cater growing consumer demands are likely to expand the product portfolio of specialty chemical manufacturers in the forthcoming years.
Despite the positive outlook, variable raw material prices and a strict regulatory landscape are expected to hinder the growth trajectory of the market during 2022-2028.
Segmental outlook: -
To enable stakeholders to gain a clearer perspective of overall consumer behavior, worldwide specialty chemicals market is neatly segmented on the basis of type, and function.
Considering type, the construction chemicals segment is slated to grow substantially during the analysis timeframe, ascribed to rapidly expanding construction industry across the globe that has necessitated the availability of best-in-class joint fillers, waterproofing compounds, fixing adhesives, and repair & renovation compounds.
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Regional rundown: -
North America, Eastern Europe, Western Europe, Asia Pacific, Latin America, and Middle East & Africa are the key regional contributors to total market revenue during the analysis timeline. Seasoned experts are of the opinion that Asia Pacific industry is slated to progress at a promising pace through 2028, owing to significant industrialization in countries such as India, China, Malaysia, Thailand, and Singapore.
Meanwhile, Middle East & Africa market is also likely to gain prominence over the assessment period, ascribed to the prevalence of several oil & gas sectors in the region.
Competitive scope: -
DuPont de Nemours, Inc., Mitsubishi Chemical Corporation, Sumitomo Chemical Company, Huntsman International LLC, Bayer AG, Ashland LLC, Albemarle Corporation, BASF SE, Clariant AG, 3M Company, Solvay S.A., and Vink Chemicals GmbH & Co. KG are the key players that are currently as well as expected to influence global specialty chemicals industry dynamics over 2022-2028.
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Global Specialty Chemicals Market, By Type (Value, USD Million, 2019-2028)
- Adhesives & Sealants
- Textile Chemicals
- Electronic Chemicals
- Agrochemicals
- Construction Chemicals
- Cleaning Chemicals
- Polymer & Plastic Additives
- Others (Paper Chemicals, etc.)
Global Specialty Chemicals Market, By Function (Value, USD Million, 2019-2028)
- Special Enzymes
- Antioxidants
- Specialty Coatings
- Catalysts
- Biocides
- Surfactant
- Specialty Pigments
- Others (Demulsifies etc.)
Global Specialty Chemicals Market, By Region (Value, USD Million, 2019-2028)
North America
- Canada
- United States
Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
Western Europe
- Germany
- United Kingdom
- Benelux
- Nordic
- Spain
- France
- Italy
- Rest of Western Europe
Asia Pacific
- India
- China
- Japan
- ASEAN
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
Middle East & Africa
- South Africa
- Turkey
- GCC
Global Specialty Chemicals Market, Company Profiles (Value, USD Million, 2019-2028)
- DuPont de Nemours, Inc.
- Mitsubishi Chemical Corporation
- Sumitomo Chemical Company
- Huntsman International LLC
- Bayer AG
- Ashland LLC
- Albemarle Corporation
- BASF SE
- Clariant AG
- 3M Company
- Solvay S.A.
- Vink Chemicals GmbH & Co. KG
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Specialty Chemicals Manufacturers
6.3.2. Chemicals Manufacturers and Suppliers
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Specialty Chemicals Market: Trade Analysis
9.1. EXIM Analysis by Type
9.2. EXIM Analysis by Region
10. Global Specialty Chemicals Market: Key Investment Analysis
10.1. By Specialty Chemicals Market Manufacturers
10.2. By Region
10.3. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
11. Parent Market Overview: Global Chemicals Market
12. Segmental Analysis
12.1. Global Specialty Chemicals Market by Type
12.1.1. Segment Overview
12.2. Global Specialty Chemicals Market by Function
12.3. Global Specialty Chemicals Market by Region
12.3.1. North America
12.3.2. Latin America
12.3.3. Western Europe
12.3.4. Eastern Europe
12.3.5. Asia Pacific
12.3.6. Middle East & Africa
13. Regional Analysis
Related Report:
Global Specialty Chemicals Market 2022-2028
The global specialty chemicals market was valued at USD 961 billion in 2021 to USD 1,182 billion by 2028, progressing at a CAGR of 3% from 2022 to 2028. The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global specialty chemicals market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the specialty chemicals industry. Specialty chemicals, also known as performance chemicals, are used as ingredients in finished products and to improve manufacturing processes. The applications of speciality chemicals include boosting construction, pharmaceutical products processing, chemical and intermediates processing, food processing and ingredients for household, coatings and paper trading, and transportation.
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