Global Specialty Chemical Market Competiive Startegies, Advertising Trends, & Market Analysis by 2029
Data Bridge Market
Research analyses that the specialty chemical market was valued at USD 788.96 billion in 2021 and is expected to
reach USD 1196.19 billion by 2029, registering a CAGR of 5.34 % during the
forecast period of 2022 to 2029. The market report curated by the Data Bridge
Market Research team includes in-depth expert analysis, import/export analysis,
pricing analysis, production consumption analysis, patent analysis and
technological advancements.
Market Definition
Specialty
chemicals which is also called specialties or effect
chemicals, are particular chemical products which provide an extensive effects
on which many other industry sectors depend. Some of the categories of
specialty chemicals are cleaning materials,
colors, adhesives, agrochemical, cosmetic additives,
construction chemicals, elastomers, food
additives, fragrances, textile auxiliaries and among others. Specialty
chemicals are materials used on the basis of their function or performance.
Therefore, in addition to "effect" chemicals they are sometimes
referred to as "performance" chemicals or "formulation"
chemicals. They can be unique mixtures and molecules known as
formulations. The chemical and physical characteristics of the single molecules
or the formulated mixtures of molecules and the configuration of the mixtures
influences the performance end product.
Recent Development
·
In January 2021,
Huntsman Corporation successfully took Gabriel Performance Products, an
Ohio-based manufacturer of epoxy curing agents and specialty additives, for USD
250 million from Audax Private Equity.
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Global Specialty Chemical Market Scope
The specialty chemical market is segmented on the basis of
function, type and application. The growth amongst these segments will help you
analyze meagre growth segments in the industries and provide the users with a
valuable market overview and market insights to help them make strategic
decisions for identifying core market applications.
Function
·
Biocide
·
Surfactants
·
Others
Product
·
Coating
·
Agrochemicals
·
Electronic Chemicals
·
Construction Chemicals
·
Speciality Polymers & Resins
·
Flavours Ingredients
·
Fragrances Ingredients
·
Dyes and
Pigments
·
Personal Care Active Ingredient
·
Water Treatment Chemical
·
Surfactants
·
Textile Chemicals
·
Bio-Based Chemicals
·
Polymer Additives
·
Oil Field Chemicals
·
Paper and Pulp Chemicals
·
Pharmaceutical Industries
·
Others
Application
·
Automotive
·
Construction
·
Agriculture
·
Industrial Manufacturing
·
Consumer Goods
·
Others
Key
Players of the Report:
The
specialty chemical
market competitive landscape
provides details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, global presence, production sites and facilities,
production capacities, company strengths and weaknesses, product launch,
product width and breadth, application dominance. The above data points
provided are only related to the companies' focus related to specialty chemical
market.
Some
of the major players operating in
the specialty chemical market are:
·
Henkel Adhesives
Technologies India Private Limited (Germany)
·
BASF SE (Germany)
·
AkzoNobel N.V.
(Netherlands)
·
Evonik Industries AG
(Germany)
·
Clariant (Switzerland)
·
Huntsman International
LLC (U.S.)
·
Dow (U.S)
·
Albemarle Corporation
(U.S.)
·
Ashland Inc. (U.S.)
·
The Lubrizol
Corporation (US)
·
Croda International
Plc (UK)
·
Kemira Oyj (Finland),
(Netherlands)
·
LANXESS AG (Germany)
·
Solvay (Belgium)
·
Nouryon (Netherland)
·
Sumitomo Chemical
(Japan)
·
Ashland LLC (US)
·
Dupont (US)
·
PPG (US)
·
H.B Fuller Company
(US)
·
Dymaxn (US)
·
Ferro Corporation (US)
·
Uniseal Inc (US)
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Specialty Chemical Market Regional Analysis/Insights
The specialty chemical market is analysed and market size
insights and trends are provided by country, type and application as referenced
above.
The countries covered in the specialty chemical market report
are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany,
France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland,
Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand,
Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific,
United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle
East and Africa.
Asia-Pacific dominates the specialty chemical market in terms of
market share and revenue and will continue to flourish its dominance during the
forecast period. This is due to the rising demand for specialty chemical in
this region. The Asia-Pacific region dominates the specialty chemical market,
with China leading the way in terms of robust growth of the construction
sector, increasing demand for cosmetic products, growing investment and production of
re-usable specialty chemical. Due of the ease of producing of specialty
chemical, China is leading the Asia-Pacific market.
During the projected period, North America is expected to be the
fastest developing region due to the rising demand of specialty chemical in
retail sector in this region.
TOC Of The Report :
·
Chapter One: Introduction
·
Chapter Two: Market
Segmentation
·
Chapter Three: Market
Overview
·
Chapter Four: Executive
Summary
·
Chapter Five: Premium
Insights
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