Global Specialty Chemicals Market Outlook to 2027
Specialty chemicals are low-volume, high-value, and high-margin chemicals that are used in low quantities and are targeted towards specific end-use applications. The major factors responsible for the growth of the global specialty chemicals market is increasing demand from the construction industry especially in the Asia-Pacific region coupled with the increasing demand for cleaning chemicals due to the outbreak of the Covid-19 pandemic. The market is also driven by the increasing technological innovations in the specialty chemicals resulting in high performance and efficiency.
However, the growth of the market is expected to be hindered by the stringent regulations on the production of specialty chemicals and short-term disruptions in the supply chain as a result of the Covid-19 pandemic. There has been a strong impact on the supply of raw materials to produce specialty chemicals across the globe. The majority of the raw materials for specialty chemicals production takes place in China. With the outbreak or pandemic and the transportation and logistics restrictions, there has been a supply shortage during the q1 2020. Between March 2019 and March 2020, the specialty chemicals market in the United States witnessed a growth rate of -4.4%.
In 2019, the consumption of specialty chemicals was high in the Asia-Pacific region owing to the presence of a large base of end-user industries in the region. The major end-user industries for specialty chemicals in the region include construction, chemicals, agriculture, personal care, and cosmetics among others. Asia-Pacific region exhibited the highest growth rate during the forecast period and is anticipated to dominate the market in terms of specialty chemical consumption.
The global market for specialty chemicals is highly fragmented owing to the presence of a large number of players in both local and international markets. Each segment of specialty chemicals is dominated by a different set of producers.
In April 2020, BASF SE appointed BTC Europe as a distribution partner for the entire personal care portfolio in the UK and Ireland. BASF Care Creations personal care portfolio includes surfactants, emulsions, polymers, cosmetic active ingredients.
In March 2020, Cargill and BASF entered distribution collaboration to bring enzyme solutions to MEA (Middle East and Africa) region. According to the collaboration, Cargill will be the strategic marketing and sales channel partner of BASF’s animal feed enzymes.
GlobalSpecialty ChemicalsMarketreport provides deep insight into the current and future state ofspecialty chemicalsmarket across various regions.The study comprehensively analyzes thespecialty chemicalsmarket by segmenting based on geography, by product type(Adhesives & Sealants, Catalysts, Construction Chemicals, Cosmetic Chemicals, Dyes, Inks and Pigments, Electronic Chemicals, Mining Chemicals, Flavours & Fragrances, Food Additives,Industrial & Institutional Cleaners, Oilfield Chemicals, Leather Chemicals, Lubricants & Oil Additives, Pulp & Paper Chemicals,Plastic Additives, Paints & Coatings, Water Treatment Chemicals, Specialty Polymers, Textile Chemicals, and Rubber Processing Chemicals). The report examines the market drivers and restraints along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscapewith profiles of major companies including their market shares and projects.
However, the growth of the market is expected to be hindered by the stringent regulations on the production of specialty chemicals and short-term disruptions in the supply chain as a result of the Covid-19 pandemic. There has been a strong impact on the supply of raw materials to produce specialty chemicals across the globe. The majority of the raw materials for specialty chemicals production takes place in China. With the outbreak or pandemic and the transportation and logistics restrictions, there has been a supply shortage during the q1 2020. Between March 2019 and March 2020, the specialty chemicals market in the United States witnessed a growth rate of -4.4%.
In 2019, the consumption of specialty chemicals was high in the Asia-Pacific region owing to the presence of a large base of end-user industries in the region. The major end-user industries for specialty chemicals in the region include construction, chemicals, agriculture, personal care, and cosmetics among others. Asia-Pacific region exhibited the highest growth rate during the forecast period and is anticipated to dominate the market in terms of specialty chemical consumption.
The global market for specialty chemicals is highly fragmented owing to the presence of a large number of players in both local and international markets. Each segment of specialty chemicals is dominated by a different set of producers.
In April 2020, BASF SE appointed BTC Europe as a distribution partner for the entire personal care portfolio in the UK and Ireland. BASF Care Creations personal care portfolio includes surfactants, emulsions, polymers, cosmetic active ingredients.
In March 2020, Cargill and BASF entered distribution collaboration to bring enzyme solutions to MEA (Middle East and Africa) region. According to the collaboration, Cargill will be the strategic marketing and sales channel partner of BASF’s animal feed enzymes.
GlobalSpecialty ChemicalsMarketreport provides deep insight into the current and future state ofspecialty chemicalsmarket across various regions.The study comprehensively analyzes thespecialty chemicalsmarket by segmenting based on geography, by product type(Adhesives & Sealants, Catalysts, Construction Chemicals, Cosmetic Chemicals, Dyes, Inks and Pigments, Electronic Chemicals, Mining Chemicals, Flavours & Fragrances, Food Additives,Industrial & Institutional Cleaners, Oilfield Chemicals, Leather Chemicals, Lubricants & Oil Additives, Pulp & Paper Chemicals,Plastic Additives, Paints & Coatings, Water Treatment Chemicals, Specialty Polymers, Textile Chemicals, and Rubber Processing Chemicals). The report examines the market drivers and restraints along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscapewith profiles of major companies including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 Adhesives & Sealants
5.2 Catalysts
5.3 Construction Chemicals
5.4 Cosmetic Chemicals
5.5 Dyes, Inks, & Pigments
5.6 Electronic Chemicals
5.7 Mining Chemicals
5.8 Flavors & Fragrances
5.9 Food Additives
5.10 Industrial & Institutional
Cleaners
5.11 Oilfield Chemicals
5.12 Leather Chemicals
5.13 Lubricant & Oil Additives
5.14 Pulp & Paper Chemicals
5.15 Plastic Additives
5.16 Paints & Coatings
5.17 Water Treatment Chemicals
5.18 Specialty Polymers
5.19 Rubber Processing Chemicals
5.20 Textile Chemicals
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Russia
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
7. Key Company Profiles
7.1 3M
7.2 AECI
7.3 Afton Chemicals
7.4 Air Liquide
7.5 Ajinomoto Co., Inc.
7.6 AkzoNobel N.V.
7.7 Archer Daniels Midland Company
7.8 Archroma
7.9 Arkema Group
7.10 Baker Hughes Company
7.11 BASF SE
7.12 Cargill, Incorporated
7.13 Chevron Corporation
7.14 Chevron Phillips Chemical Company
7.15 Clariant AG
7.16 Eastman Chemical Company
7.17 Ecolab (NALCO Champion)
7.18 Evonik Industries AG
7.19 Exxon Mobil Corporation
7.20 Firmenich SA
7.21 Givaudan
7.22 H.B. Fuller Co.
7.23 Halliburton
7.24 Henkel AG & Co. KGaA
7.25 Honeywell International Inc.
7.26 Infineum International Limited
7.27 International Flavors & Fragrances Inc.
7.28 Kemira
7.29 Kurita Water Industries Ltd
7.30 Lanxess AG
7.31 Lonza Group
7.32 MAPEI
7.33 Nippon Paint Holdings Co., Ltd.
7.34 Nouryon
7.35 PPG Industries Inc.
7.36 Praxair Technology, Inc
7.37 Procter & Gamble
7.38 R.T. Vanderbilt Holding Company, Inc.
7.39 RPM International
7.40 Schlumberger Limited
7.41 Sensient Technologies Corporation
7.42 Sika AG
7.43 Solenis
7.44 Solvay S.A.
7.45 Suez
7.46 Symrise
AG
7.47 The Dow
Chemical Company
7.48 The
Lubrizol Corporation
7.49 The
Sherwin-Williams Company
7.50 Transene
Company, Inc
7.51 Wacker
Chemie AG
7.52 Innospec Inc.
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 Adhesives & Sealants
5.2 Catalysts
5.3 Construction Chemicals
5.4 Cosmetic Chemicals
5.5 Dyes, Inks, & Pigments
5.6 Electronic Chemicals
5.7 Mining Chemicals
5.8 Flavors & Fragrances
5.9 Food Additives
5.10 Industrial & Institutional
Cleaners
5.11 Oilfield Chemicals
5.12 Leather Chemicals
5.13 Lubricant & Oil Additives
5.14 Pulp & Paper Chemicals
5.15 Plastic Additives
5.16 Paints & Coatings
5.17 Water Treatment Chemicals
5.18 Specialty Polymers
5.19 Rubber Processing Chemicals
5.20 Textile Chemicals
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 United Kingdom
6.2.2 Germany
6.2.3 Italy
6.2.4 France
6.2.5 Russia
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
7. Key Company Profiles
7.1 3M
7.2 AECI
7.3 Afton Chemicals
7.4 Air Liquide
7.5 Ajinomoto Co., Inc.
7.6 AkzoNobel N.V.
7.7 Archer Daniels Midland Company
7.8 Archroma
7.9 Arkema Group
7.10 Baker Hughes Company
7.11 BASF SE
7.12 Cargill, Incorporated
7.13 Chevron Corporation
7.14 Chevron Phillips Chemical Company
7.15 Clariant AG
7.16 Eastman Chemical Company
7.17 Ecolab (NALCO Champion)
7.18 Evonik Industries AG
7.19 Exxon Mobil Corporation
7.20 Firmenich SA
7.21 Givaudan
7.22 H.B. Fuller Co.
7.23 Halliburton
7.24 Henkel AG & Co. KGaA
7.25 Honeywell International Inc.
7.26 Infineum International Limited
7.27 International Flavors & Fragrances Inc.
7.28 Kemira
7.29 Kurita Water Industries Ltd
7.30 Lanxess AG
7.31 Lonza Group
7.32 MAPEI
7.33 Nippon Paint Holdings Co., Ltd.
7.34 Nouryon
7.35 PPG Industries Inc.
7.36 Praxair Technology, Inc
7.37 Procter & Gamble
7.38 R.T. Vanderbilt Holding Company, Inc.
7.39 RPM International
7.40 Schlumberger Limited
7.41 Sensient Technologies Corporation
7.42 Sika AG
7.43 Solenis
7.44 Solvay S.A.
7.45 Suez
7.46 Symrise
AG
7.47 The Dow
Chemical Company
7.48 The
Lubrizol Corporation
7.49 The
Sherwin-Williams Company
7.50 Transene
Company, Inc
7.51 Wacker
Chemie AG
7.52 Innospec Inc.
*List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Specialty Chemicals Market, in USD Million, 2016-2025
Adhesives & Sealants - Global Specialty Chemicals Market, in USD Million, 2016-2025
Catalysts - Global Specialty Chemicals Market, in USD Million, 2016-2025
Construction Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Cosmetic Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Dyes, Inks, & Pigments - Global Specialty Chemicals Market, in USD Million, 2016-2025
Electronic Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Mining Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Flavours & Fragrances - Global Specialty Chemicals Market, in USD Million, 2016-2025
Food Additives - Global Specialty Chemicals Market, in USD Million, 2016-2025
Industrial & Institutional Cleaners - Global Specialty Chemicals Market, in USD Million, 2016-2025
Oilfield Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Leather Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Lubricants & Oil Additives - Global Specialty Chemicals Market, in USD Million, 2016-2025
Pulp & Paper Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Plastic Additives - Global Specialty Chemicals Market, in USD Million, 2016-2025
Paints & Coatings - Global Specialty Chemicals Market, in USD Million, 2016-2025
Water Treatment Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Specialty Polymers - Global Specialty Chemicals Market, in USD Million, 2016-2025
Rubber Processing Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Textile Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Global Specialty Chemicals Market, by Region, 2019
Asia-Pacific - Specialty Chemicals Market, in USD Million, 2016-2025
North America - Specialty Chemicals Market, in USD Million, 2016-2025
Europe – Specialty Chemicals Market, in USD Million, 2016-2025
South America - Specialty Chemicals Market, in USD Million, 2016-2025
Middle East & Africa - Specialty Chemicals Market, in USD Million, 2016-2025
Specialty Chemicals - Market Share of Key Companies in 2019
Other Supporting Charts
Construction Industry Trend, 2013-2019
Chemical Industry Trend, 2013-2019
Agriculture Industry Trend, 2013-2019
Global Crude Oil Price Data, 2013-2019
Oil & Gas Industry growth trend, 2013-2019
Global Specialty Chemicals Market, in USD Million, 2016-2025
Adhesives & Sealants - Global Specialty Chemicals Market, in USD Million, 2016-2025
Catalysts - Global Specialty Chemicals Market, in USD Million, 2016-2025
Construction Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Cosmetic Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Dyes, Inks, & Pigments - Global Specialty Chemicals Market, in USD Million, 2016-2025
Electronic Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Mining Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Flavours & Fragrances - Global Specialty Chemicals Market, in USD Million, 2016-2025
Food Additives - Global Specialty Chemicals Market, in USD Million, 2016-2025
Industrial & Institutional Cleaners - Global Specialty Chemicals Market, in USD Million, 2016-2025
Oilfield Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Leather Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Lubricants & Oil Additives - Global Specialty Chemicals Market, in USD Million, 2016-2025
Pulp & Paper Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Plastic Additives - Global Specialty Chemicals Market, in USD Million, 2016-2025
Paints & Coatings - Global Specialty Chemicals Market, in USD Million, 2016-2025
Water Treatment Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Specialty Polymers - Global Specialty Chemicals Market, in USD Million, 2016-2025
Rubber Processing Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Textile Chemicals - Global Specialty Chemicals Market, in USD Million, 2016-2025
Global Specialty Chemicals Market, by Region, 2019
Asia-Pacific - Specialty Chemicals Market, in USD Million, 2016-2025
North America - Specialty Chemicals Market, in USD Million, 2016-2025
Europe – Specialty Chemicals Market, in USD Million, 2016-2025
South America - Specialty Chemicals Market, in USD Million, 2016-2025
Middle East & Africa - Specialty Chemicals Market, in USD Million, 2016-2025
Specialty Chemicals - Market Share of Key Companies in 2019
Other Supporting Charts
Construction Industry Trend, 2013-2019
Chemical Industry Trend, 2013-2019
Agriculture Industry Trend, 2013-2019
Global Crude Oil Price Data, 2013-2019
Oil & Gas Industry growth trend, 2013-2019
