1. Market Research
  2. > Chemical Market Trends
Specialty Chemicals Market by Type  by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

Specialty Chemicals Market by Type by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • May 2018
  • 121 pages
  • ID: 5479727
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Global specialty chemicals market is projected to reach $782.2 billion by 2023.

The growth of the market is majorly driven by the increasing demand of specialty chemicals in emerging economies, ongoing technological advancements, and increasing penetration of end use industries.

Insights into market segments
On the basis of type, the market is categorized into agrochemicals, construction chemicals, specialty coatings, surfactants, food additives, polymer additives, electronic chemicals, cleaning chemicals, plastic additives, paper and textile chemicals, adhesives and sealants, lubricant and oilfield chemicals, and others. ‘Others’ include advanced ceramic materials, rubber processing chemicals, water treatment chemicals, and mining chemicals.

Of these, agrochemicals hold the largest share in the global specialty chemicals market, which is attributed to the increasing food consumption around the world, due to the increasing population. Additionally, the demand of agrochemicals is growing due to the increasing need of crop protection, in order to meet the ever-increasing demand of food products worldwide.

APAC seals the leading position in the global specialty chemicals market
APAC has been contributing the highest revenue to the global market, crossing 40.0% in 2017. It is also expected to be the fastest growing specialty chemicals market during the forecast period, attributed to the growing consumption of these chemicals in various industries including construction, agriculture, and automotive. The region has a very strong base of manpower, and a well-developed chemical industry, which provides raw materials at competitive prices, further driving the market growth.

The region has emerged as a hub of chemical manufacturing and exports in recent years. This has attracted several leading companies to make huge investments in the region’s chemical business and also set up their own sites here to increase their presence in this emerging market, which is further fueling the growth of the specialty chemicals market. For instance, BASF SE has invested in setting up an R&D centre in Mumbai, India. Several R&D initiatives in the field of organic synthesis, personal and home care products, and crop protection will be carried out in the plant.

Along with that, APAC is a hub of agricultural activities and holds around 30.0% of the earth’s land and the largest human population. Such huge population statistics in the region have been responsible for maintaining adequacy in agricultural practices, thus ensuring greater utilization of agrochemical products. Apart from this, increasing demand for public, residential, and commercial buildings combined with growing urban population is accelerating the growth of construction chemicals in the region, further boosting the specialty chemicals market growth.

Development of environment-friendly products is expected to create various opportunities for industry players in the global specialty chemicals market.

Specialty chemicals play a significant role in developing eco-friendly products. Globally, various green chemicals are developed to reduce the harmful environmental impact of chemicals. Green chemicals include 1-Arabinose, 1-heptacosanol, 1-nonacosanol, 12-Hydroxy Stearic Acid, 2-Ethylhexyl Acetate, 2-Ethylhexyl Oleate, and others. They are used in various applications including the production of fabrics which require less water to wash, paints with low volatile organic component (VOC) content, powdered shampoo, chemical additives that help in enhancing the physical properties of products and for the production of other materials.

Owing to the increasing environmental awareness around the world, there has been a shift towards bio-degradable products and chemicals, which is expected to create ample opportunities for the market players operating in the specialty chemicals market.

Specialty Chemicals Market Competitive Landscape
Some of the major players operating in the global specialty chemicals market are Ashland Global Holdings Inc., DowDuPont Inc., Evonik Industries AG, Akzo Nobel N.V., Eastman Chemical Company, LOTTE Fine Chemical, Mitsui Chemicals Inc., Mitsubishi Chemical Corporation, BASF SE, Clariant AG, Huntsman Corporation, China Petroleum & Chemical Corporation, Saudi Basic Industries Corporation, Sadara Chemical Company, Saudi Speciality Industries Co Ltd., Thebe Unico, and AECI Ltd.

Global Specialty Chemicals Market Segmentation
By Type
Agrochemicals
Construction Chemicals
Specialty Coatings
Surfactants
Food Additives
Polymer Additives
Electronic Chemicals
Cleaning Chemicals
Plastic Additives
Paper & Textile Chemicals
Adhesives & Sealants
Lubricant & Oilfield Chemicals
Others (Water treatment chemicals, advance ceramic materials, rubber processing chemicals, and mining chemicals)
By Region
North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Spain
Rest of Europe
Asia-Pacific (APAC)
China
Japan
India
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle East & Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Specialty Elastomer Markets in China

Specialty Elastomer Markets in China

  • $ 4000
  • January 2020

China’s demand for Specialty Elastomer has grown at a fast pace in the past decade.In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth ...

Microcellular Polyurethane Foam Market by Type and Application : Global Opportunity Analysis and Industry Forecast, 2019-2026

Microcellular Polyurethane Foam Market by Type and Application : Global Opportunity Analysis and Industry Forecast, 2019-2026

  • $ 3840
  • November 2019

Microcellular Polyurethane Foam Market by Type (High Density Foam and Low Density Foam) and Application (Automotive, Building & Construction, Electronics, Medical, Aerospace, and Others): Global Opportunity ...

Global Construction Chemicals Industry

Global Construction Chemicals Industry

  • $ 5600
  • February 2020

Construction Chemicals market worldwide is projected to grow by US$21.7 Billion, driven by a compounded growth of 8.6%. Concrete Admixtures, one of the segments analyzed and sized in this study, displays ...

Global Film Adhesives Industry $ 4950 February 2020


Download Unlimited Documents from Trusted Public Sources

Polyamides Industry in India

  • February 2020
    2 pages
  • Polyamides  

    Thermoplastic  

    Automotive  

  • India  

    Asia  

View report >

Specialty Chemical Industry in EU

  • February 2020
    11 pages
  • Specialty Chemi...  

  • European Union  

View report >

The future of the Plastic Industry

  • February 2020
    70 pages
  • Plastic  

    Resins  

    Pollution Contr...  

  • World  

    United States  

    North America  

View report >

ref:plp2018

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on