Specialty Chemicals market size was valued at USD 630 billion in 2019 and is projected to grow at a CAGR of 3.7% from 2021 to 2027.
Growing Demand for High Performance and Functional Chemicals -Use industries such as Oil & Gas, Pulp & Paper, Personal Care & Cosmetics are expected to be one of the major market growth factors. Specialty chemicals are also called performance chemicals or effect chemicals. Popular examples include essential oils, gelatin, castor oil, and collagen. These chemicals are called specialty products because they are produced in small quantities and, unlike the rest of the fine and general chemicals, have only a few applications (according to Civic (European Chemical Industry Commission)).
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Following are the segments covered by the report are:
- Special Polymers
- Construction Chemicals
- Industrial Cleaner
- Electronic Chemicals
- Surface Active Agent
- Flavors and Fragrances
- Special Coatings
- Water-soluble Polymers
- Catalyzer
- Other (oilfield chemicals, food additives, plastic additives, etc.)
By Application:
- Soap Cleaning Products
- Food and Beverage
- Electronics and Electricity
- Construction Industry
- Other
The Key manufacturers that are operating in the global Specialty Chemicals market are:
- Chevron Phillips Chemical Company
- BASF SE
- Akzo Nobel N.V.
- Clariant International Ltd
- Evonik Industries AG
- Lanxess
- Cytec Industries Inc.
- Albemarle Corporation
- Ferro Corporation
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Scope of the Report
The research study analyzes the global Specialty Chemicals industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Specialty Chemicals Market Report
1. What was the Specialty Chemicals Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Specialty Chemicals Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Specialty Chemicals Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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