The US specialty chemicals market is anticipated to showcase a considerable CAGR of 4.1% during the forecast period. The rise in demand for high performance and function-specific chemicals in the end-user industries is a key factor driving the US special chemical market. The presence of key players such as Arkema S.A., Evonik Industries AG, among others in the country along with the well-established chemical industry is driving the high share of the specialty chemicals market in the US. Apart from this, the significant presence of end-user industries such as healthcare, oil & gas, power, infrastructure, transportation, electronics, food & beverage, textile that make intensive use of specialty chemicals is fueling the demand for specialty chemicals in the US.
The specialty chemicals market is segmented on the basis of product type. Based on product type, the market is segmented into agrochemicals, cleaning chemicals, construction chemicals, electronic chemicals, food additives, adhesive & sealants, specialty coatings, surfactants, paper & textile chemicals, lubricants & oilfield chemicals, polymers & plastic additives, and others. construction chemicals & surfactants are anticipated to hold a considerable market share during the forecast period. The growing use of specialty chemicals in the construction industry is a key factor contributing towards the high share of the market segment.
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US Specialty Chemicals Market Segmentation
By Product Type
- Agrochemical
- Cleaning Chemicals
- Construction Chemicals
- Electronic Chemicals
- Food Additives
- Adhesive & Sealants
- Specialty Coatings
- Surfactants
- Paper & Textile Chemicals
- Lubricants &Oilfield Chemicals
- Polymers & Plastic Additives
- Others
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Company Profiles
- 3M Co.
- Akzo Nobel N.V.
- Albemarle Corp.
- Ashland Global Holdings Inc.
- BASF SE
- Bayer AG
- Chemtura Corp.
- Chevron Philips Chemical Co. LLC
- Clariant AG
- Covestro AG
- DIC Corp.
- Dow Inc.
- DuPont de Nemours Inc
- Eastman Chemical Co.
- Evonik Industries AG
- FMC Corp.
- Huntsman International LLC
- INEOS AG
- SABIC
- Solvay SA
- Syngenta Crop Protection AG
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