Specialty Chemicals Market Size 2025-2029
The specialty chemicals market size is forecast to increase by USD 383.2 billion at a CAGR of 6.7% between 2024 and 2029.
- The market is experiencing significant growth driven by increasing demand from the agrochemical industry. This sector's expansion is attributed to the rising adoption of specialty chemicals in crop protection and production, leading to enhanced agricultural productivity and yield. Another key trend shaping the market is the growing preference for bio-based chemicals. As environmental concerns escalate, the shift towards renewable and sustainable sources for chemical production is gaining momentum. However, market growth is not without challenges. Stringent regulations and policies towards specialty chemicals, particularly in developed regions, pose significant hurdles.
- Compliance with these regulations requires substantial investments in research and development and can limit market entry for new players. To capitalize on opportunities and navigate challenges effectively, companies must stay abreast of regulatory changes and invest in sustainable production methods. By doing so, they can differentiate themselves in the market and build a strong competitive position.
What will be the Size of the Specialty Chemicals Market during the forecast period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Specialty Chemicals Market 2019 - 2023
- Historic Market Size - Data Table on Global Specialty Chemicals Market 2019 - 2023 ($ billion)
- 5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
- 5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on global specialty chemicals market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by End-user
- 8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 8.3 Agrochemicals - Market size and forecast 2024-2029
- Chart on Agrochemicals - Market size and forecast 2024-2029 ($ billion)
- Data Table on Agrochemicals - Market size and forecast 2024-2029 ($ billion)
- Chart on Agrochemicals - Year-over-year growth 2024-2029 (%)
- Data Table on Agrochemicals - Year-over-year growth 2024-2029 (%)
- 8.4 Lubricant and oilfield chemicals - Market size and forecast 2024-2029
- Chart on Lubricant and oilfield chemicals - Market size and forecast 2024-2029 ($ billion)
- Data Table on Lubricant and oilfield chemicals - Market size and forecast 2024-2029 ($ billion)
- Chart on Lubricant and oilfield chemicals - Year-over-year growth 2024-2029 (%)
- Data Table on Lubricant and oilfield chemicals - Year-over-year growth 2024-2029 (%)
- 8.5 Adhesives and sealants - Market size and forecast 2024-2029
- Chart on Adhesives and sealants - Market size and forecast 2024-2029 ($ billion)
- Data Table on Adhesives and sealants - Market size and forecast 2024-2029 ($ billion)
- Chart on Adhesives and sealants - Year-over-year growth 2024-2029 (%)
- Data Table on Adhesives and sealants - Year-over-year growth 2024-2029 (%)
- 8.6 Industrial and institutional cleaners - Market size and forecast 2024-2029
- Chart on Industrial and institutional cleaners - Market size and forecast 2024-2029 ($ billion)
- Data Table on Industrial and institutional cleaners - Market size and forecast 2024-2029 ($ billion)
- Chart on Industrial and institutional cleaners - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial and institutional cleaners - Year-over-year growth 2024-2029 (%)
- 8.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.8 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
9 Market Segmentation by Type
- 9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 9.3 Plasticizers - Market size and forecast 2024-2029
- Chart on Plasticizers - Market size and forecast 2024-2029 ($ billion)
- Data Table on Plasticizers - Market size and forecast 2024-2029 ($ billion)
- Chart on Plasticizers - Year-over-year growth 2024-2029 (%)
- Data Table on Plasticizers - Year-over-year growth 2024-2029 (%)
- 9.4 Water-based - Market size and forecast 2024-2029
- Chart on Water-based - Market size and forecast 2024-2029 ($ billion)
- Data Table on Water-based - Market size and forecast 2024-2029 ($ billion)
- Chart on Water-based - Year-over-year growth 2024-2029 (%)
- Data Table on Water-based - Year-over-year growth 2024-2029 (%)
- 9.5 Coagulants and flocculants - Market size and forecast 2024-2029
- Chart on Coagulants and flocculants - Market size and forecast 2024-2029 ($ billion)
- Data Table on Coagulants and flocculants - Market size and forecast 2024-2029 ($ billion)
- Chart on Coagulants and flocculants - Year-over-year growth 2024-2029 (%)
- Data Table on Coagulants and flocculants - Year-over-year growth 2024-2029 (%)
- 9.6 Scale inhibitors - Market size and forecast 2024-2029
- Chart on Scale inhibitors - Market size and forecast 2024-2029 ($ billion)
- Data Table on Scale inhibitors - Market size and forecast 2024-2029 ($ billion)
- Chart on Scale inhibitors - Year-over-year growth 2024-2029 (%)
- Data Table on Scale inhibitors - Year-over-year growth 2024-2029 (%)
- 9.7 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
10 Market Segmentation by Product Type
- 10.1 Market segments
- Chart on Product Type - Market share (2024-2029) (%)
- Data Table on Product Type - Market share (2024-2029) (%)
- 10.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
- 10.3 Institutional & Industrial Cleaners - Market size and forecast (2024-2029)
- Chart on Institutional & Industrial Cleaners - Market size and forecast (2024-2029) ($ million)
- Data Table on Institutional & Industrial Cleaners - Market size and forecast (2024-2029) ($ million)
- Chart on Institutional & Industrial Cleaners - Year-over-year growth (2024-2029) (%)
- Data Table on Institutional & Industrial Cleaners - Year-over-year growth (2024-2029) (%)
- 10.4 Rubber Processing Chemicals - Market size and forecast (2024-2029)
- Chart on Rubber Processing Chemicals - Market size and forecast (2024-2029) ($ million)
- Data Table on Rubber Processing Chemicals - Market size and forecast (2024-2029) ($ million)
- Chart on Rubber Processing Chemicals - Year-over-year growth (2024-2029) (%)
- Data Table on Rubber Processing Chemicals - Year-over-year growth (2024-2029) (%)
- 10.5 Food & Feed Additives - Market size and forecast (2024-2029)
- Chart on Food & Feed Additives - Market size and forecast (2024-2029) ($ million)
- Data Table on Food & Feed Additives - Market size and forecast (2024-2029) ($ million)
- Chart on Food & Feed Additives - Year-over-year growth (2024-2029) (%)
- Data Table on Food & Feed Additives - Year-over-year growth (2024-2029) (%)
- 10.6 Cosmetic Chemicals - Market size and forecast (2024-2029)
- Chart on Cosmetic Chemicals - Market size and forecast (2024-2029) ($ million)
- Data Table on Cosmetic Chemicals - Market size and forecast (2024-2029) ($ million)
- Chart on Cosmetic Chemicals - Year-over-year growth (2024-2029) (%)
- Data Table on Cosmetic Chemicals - Year-over-year growth (2024-2029) (%)
- 10.7 Oilfield Chemicals - Market size and forecast (2024-2029)
- Chart on Oilfield Chemicals - Market size and forecast (2024-2029) ($ million)
- Data Table on Oilfield Chemicals - Market size and forecast (2024-2029) ($ million)
- Chart on Oilfield Chemicals - Year-over-year growth (2024-2029) (%)
- Data Table on Oilfield Chemicals - Year-over-year growth (2024-2029) (%)
- 10.8 Market opportunity by Product Type
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.10 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.12 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.14 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.15 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.17 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.2 Market positioning of companies
- Matrix on companies position and classification
- 3M Company
- 3M Company - Overview
- 3M Company - Product / Service
- 3M Company - Key offerings
- 15.4 ADEKA Corporation
- ADEKA Corporation - Overview
- ADEKA Corporation - Product / Service
- ADEKA Corporation - Key offerings
- 15.5 Akzo Nobel N.V.
- Akzo Nobel N.V. - Overview
- Akzo Nobel N.V. - Product / Service
- Akzo Nobel N.V. - Key offerings
- 15.6 Albemarle Corporation
- Albemarle Corporation - Overview
- Albemarle Corporation - Product / Service
- Albemarle Corporation - Key offerings
- 15.7 Arkema
- Arkema - Overview
- Arkema - Product / Service
- Arkema - Key offerings
- 15.8 Ashland Inc.
- Ashland Inc. - Overview
- Ashland Inc. - Product / Service
- Ashland Inc. - Key offerings
- 15.9 Baker Hughes
- Baker Hughes - Overview
- Baker Hughes - Product / Service
- Baker Hughes - Key offerings
- 15.10 BASF SE
- BASF SE - Overview
- BASF SE - Product / Service
- BASF SE - Key offerings
- 15.11 Clariant
- Clariant - Overview
- Clariant - Product / Service
- Clariant - Key offerings
- 15.12 Covestro AG
- Covestro AG - Overview
- Covestro AG - Product / Service
- Covestro AG - Key offerings
- 15.13 Croda International Plc
- Croda International Plc - Overview
- Croda International Plc - Product / Service
- Croda International Plc - Key offerings
- 15.14 Dow Inc.
- Dow Inc. - Overview
- Dow Inc. - Product / Service
- Dow Inc. - Key offerings
- 15.15 Dupont De Nemours, Inc.
- Dupont De Nemours, Inc. - Overview
- Dupont De Nemours, Inc. - Product / Service
- Dupont De Nemours, Inc. - Key offerings
- 15.16 Ecolab Inc.
- Ecolab Inc. - Overview
- Ecolab Inc. - Product / Service
- Ecolab Inc. - Key offerings
- 15.17 Evonik Industries AG
- Evonik Industries AG - Overview
- Evonik Industries AG - Product / Service
- Evonik Industries AG - Key offerings
- 15.18 H.B. Fuller
- H.B. Fuller - Overview
- H.B. Fuller - Product / Service
- H.B. Fuller - Key offerings
- 15.19 Henkel AG & Co. KGaA
- Henkel AG & Co. KGaA - Overview
- Henkel AG & Co. KGaA - Product / Service
- Henkel AG & Co. KGaA - Key offerings
- 15.20 Huntsman International LLC
- Huntsman International LLC - Overview
- Huntsman International LLC - Product / Service
- Huntsman International LLC - Key offerings
- 15.21 Kemira
- Kemira - Overview
- Kemira - Product / Service
- Kemira - Key offerings
- 15.22 LANXESS
- LANXESS - Overview
- LANXESS - Product / Service
- LANXESS - Key offerings
- 15.23 Linde PLC
- Linde PLC - Overview
- Linde PLC - Product / Service
- Linde PLC - Key offerings
- 15.24 Lonza
- Lonza - Overview
- Lonza - Product / Service
- Lonza - Key offerings
- 15.25 Nouryon
- Nouryon - Overview
- Nouryon - Product / Service
- Nouryon - Key offerings
- 15.26 Solvay
- Solvay - Overview
- Solvay - Product / Service
- Solvay - Key offerings
- 15.27 SONGWON Industrial Co. Ltd.
- SONGWON Industrial Co. Ltd. - Overview
- SONGWON Industrial Co. Ltd. - Product / Service
- SONGWON Industrial Co. Ltd. - Key offerings
- 15.28 The Lubrizol Corporation
- The Lubrizol Corporation - Overview
- The Lubrizol Corporation - Product / Service
- The Lubrizol Corporation - Key offerings
- 15.29 Wacker Chemie AG
- Wacker Chemie AG - Overview
- Wacker Chemie AG - Product / Service
- Wacker Chemie AG - Key offerings
16 Appendix
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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