0

Specialty Chemicals Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44310
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The specialty chemicals market share is expected to increase by USD 155.04 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.41%.

This specialty chemicals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers specialty chemicals market segmentations by end-user (agrochemicals, lubricant and oilfield chemicals, adhesives and sealants, industrial and institutional cleaners, and others) and geography (North America, Europe, APAC, South America, and MEA). The specialty chemicals market report also offers information on several market vendors, including Albemarle Corp., BASF SE, Clariant International Ltd., Dow Inc., Evonik Industries AG, Henkel AG and Co. KGaA, Huntsman Corp., Nouryon Chemicals Holding BV, Saudi Basic Industries Corp., and Solvay SA among others.

What will the Specialty Chemicals Market Size be During the Forecast Period?

Specialty Chemicals Market Size

Download Report Sample to Unlock the Specialty Chemicals Market Size for the Forecast Period and Other Important Statistics

 

Specialty Chemicals Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for specialty chemicals from agrochemical industry is notably driving the specialty chemicals market growth, although factors such as stringent regulations and policies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the specialty chemicals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Specialty Chemicals Market Driver

The increasing demand for specialty chemicals from the agrochemical industry is one of the key factors driving the growth of the global specialty chemicals market. Rural areas in the emerging untapped markets, such as India and China, have high growth potential. Currently, India's consumption of pesticides stands at 0.6 kg per hectare, which is the lowest compared with 5-7 kg per hectare in the UK and nearly 13 kg per hectare in China. Increasing awareness among farmers regarding agrochemicals will provide high growth opportunities for the vendors in the market. These two economies being the largest in terms of population, with a rural belt of 67.2% in China and 44% in India, are the target markets for agrochemicals players. China's agricultural output is approximately 140% more than India's and 68% more than the European Union. The rising demand for food and the decreasing amount of land for crop cultivation, especially in developing countries, will propel the use of agrochemicals for the improvement of farm yields and reduction of crop loss during the forecast period.

Key Specialty Chemicals Market Trend

The growing demand for bio-based chemicals will fuel the global specialty chemicals market growth. Bio-based chemicals such as bio-based lubricants and biodegradable plastics have emerged as alternatives to petroleum-based lubricants and plastics. Bio-based lubricants are produced from renewable feedstocks such as plant-based oil and sugar and involve fermentation, ultrafiltration, and crystallization techniques. Environment-friendly lubricants help reduce VOCs and toxic gases emitted from vehicles, thereby maintaining the ecological balance of the atmosphere. Canada, the US, and Germany are concentrating on the development of environment-friendly bio-based lubricants. Green, sustainable lubricants and other energy-saving resin systems are increasingly becoming popular in developing countries such as China, Japan, and India as well as developed regions. Similarly, regions such as Europe and North America have witnessed a steep increase in the use of bio-based lubricants. Bio-based lubricants are effective alternatives to petroleum-based lubricants. The increasing preference for environment-friendly bio-based chemicals is expected to fuel the growth of the global specialty chemicals market during the forecast period.

Key Specialty Chemicals Market Challenge

The stringent regulations and policies are a major challenge for the global specialty chemicals market growth. Stringent regulations by the US EPA and the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) on the volatile organic compound (VOC) content of specialty chemicals, such as specialty paints and coatings, adhesives, and sealants, are a significant challenge to the growth of the global specialty chemicals market. In August 2013, the Massachusetts Department of Environmental Protection (MassDEP) imposed strict guidelines on the VOC content of adhesives and sealants. Regulation 310 CMR 7.18(30) in the US provides a VOC limit for adhesives, such as specialty chemicals for industrial and commercial applications. California has set VOC limits for a variety of products, adhesives, and sealants. The state has established 13 Air Pollution Control Districts (APCDs) or Air Quality Management Districts (AQMDs) with their VOC limits of adhesives and sealants. Specialty chemicals vendors should comply with these standards to meet VOC requirements. In Europe, the regulation EU No. 10/2011 regulates plastic materials and articles such as adhesives in indirect food additives. Stringent regulations and policies on the use of adhesives are likely to hinder the growth of the global specialty chemicals market.

This specialty chemicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global specialty chemicals market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the specialty chemicals market during the forecast period.

Who are the Major Specialty Chemicals Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Albemarle Corp.
  • BASF SE
  • Clariant International Ltd.
  • Dow Inc.
  • Evonik Industries AG
  • Henkel AG and Co. KGaA
  • Huntsman Corp.
  • Nouryon Chemicals Holding BV
  • Saudi Basic Industries Corp.
  • Solvay SA

 

This statistical study of the specialty chemicals market encompasses successful business strategies deployed by the key vendors. The specialty chemicals market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Albemarle Corp. - The company offers a wide range of specialty chemicals such as Bromine Specialties, Catalysts, and Lithium

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The specialty chemicals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Specialty Chemicals Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the specialty chemicals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Specialty Chemicals Market?

Specialty Chemicals Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

62% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for specialty chemicals market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The increasing demand for specialty chemicals from the agrochemical industry will facilitate the specialty chemicals market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 affected the growth of the market in APAC. The outbreak led to a decrease in the demand for specialty chemicals from end-user industries such as oilfield, automotive, food and beverages, plastics, and textiles. Due to the lockdown measures in 2020, governments imposed restrictions on the movement of vehicles and individuals, which affected the import and export of specialty chemicals in the region. Furthermore, the outbreak of COVID-19 affected the growth of several vendors in the regional market, owing to economic downturns and disruptions in supply chains. This affected the growth of the specialty chemicals market in 2020. However, the recovery of economies from the COVID-19-induced crisis and the reopening of several manufacturing facilities are anticipated to propel the growth of the regional market during 2021-2025.

What are the Revenue-generating End-user Segments in the Specialty Chemicals Market?

Specialty Chemicals Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The specialty chemicals market share growth in the Agrochemicals segment will be significant during the forecast period. Agrochemicals are engineered chemical or biological formulations used for improvements in the quality and yield of crops. Agrochemicals are broadly classified into two categories, namely fertilizer and pesticide. Fertilizers are segmented into four categories, namely nitrogenous, potassic, phosphatic, and others. The different segments of pesticides include insecticides, herbicides, bio-pesticides, and others.

This report provides an accurate prediction of the contribution of all the segments to the growth of the specialty chemicals market size and actionable market insights on post COVID-19 impact on each segment.

 

Specialty Chemicals Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.41%

Market growth 2021-2025

$ 155.04 billion

Market structure

Fragmented

YoY growth (%)

2.35

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 62%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Albemarle Corp., BASF SE, Clariant International Ltd., Dow Inc., Evonik Industries AG, Henkel AG and Co. KGaA, Huntsman Corp., Nouryon Chemicals Holding BV, Saudi Basic Industries Corp., and Solvay SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Specialty Chemicals Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive specialty chemicals market growth during the next five years
  • Precise estimation of the specialty chemicals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the specialty chemicals industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of specialty chemicals market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Chemicals

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Agrochemicals - Market size and forecast 2020-2025
      • Exhibit 17: Agrochemicals - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Agrochemicals - Year-over-year growth 2020-2025 (%)
    • 5.4 Lubricant and oilfield chemicals - Market size and forecast 2020-2025
      • Exhibit 19: Lubricant and oilfield chemicals - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Lubricant and oilfield chemicals - Year-over-year growth 2020-2025 (%)
    • 5.5 Adhesives and sealants - Market size and forecast 2020-2025
      • Exhibit 21: Adhesives and sealants - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Adhesives and sealants - Year-over-year growth 2020-2025 (%)
    • 5.6 Industrial and institutional cleaners - Market size and forecast 2020-2025
      • Exhibit 23: Industrial and institutional cleaners - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 24: Industrial and institutional cleaners - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 27: Market opportunity by End-user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 33: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 35: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 37: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 39: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 44: Vendor landscape
        • 9.2 Landscape disruption
          • 9.3 Competitive scenario

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 47: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 48: Market positioning of vendors
            • 10.3 Albemarle Corp.
              • Exhibit 49: Albemarle Corp. - Overview
              • Exhibit 50: Albemarle Corp. - Business segments
              • Exhibit 51: Albemarle Corp. - Key offerings
              • Exhibit 52: Albemarle Corp. - Segment focus
            • 10.4 BASF SE
              • Exhibit 53: BASF SE - Overview
              • Exhibit 54: BASF SE - Business segments
              • Exhibit 55: BASF SE– Key news
              • Exhibit 56: BASF SE - Key offerings
              • Exhibit 57: BASF SE - Segment focus
            • 10.5 Clariant International Ltd.
              • Exhibit 58: Clariant International Ltd. - Overview
              • Exhibit 59: Clariant International Ltd. - Business segments
              • Exhibit 60: Clariant International Ltd. - Key news
              • Exhibit 61: Clariant International Ltd. - Key offerings
              • Exhibit 62: Clariant International Ltd. - Segment focus
            • 10.6 Dow Inc.
              • Exhibit 63: Dow Inc. - Overview
              • Exhibit 64: Dow Inc. - Business segments
              • Exhibit 65: Dow Inc. - Key offerings
              • Exhibit 66: Dow Inc. - Segment focus
            • 10.7 Evonik Industries AG
              • Exhibit 67: Evonik Industries AG - Overview
              • Exhibit 68: Evonik Industries AG - Business segments
              • Exhibit 69: Evonik Industries AG - Key offerings
              • Exhibit 70: Evonik Industries AG - Segment focus
            • 10.8 Henkel AG and Co. KGaA
              • Exhibit 71: Henkel AG and Co. KGaA - Overview
              • Exhibit 72: Henkel AG and Co. KGaA - Business segments
              • Exhibit 73: Henkel AG and Co. KGaA – Key news
              • Exhibit 74: Henkel AG and Co. KGaA - Key offerings
              • Exhibit 75: Henkel AG and Co. KGaA - Segment focus
            • 10.9 Huntsman Corp.
              • Exhibit 76: Huntsman Corp. - Overview
              • Exhibit 77: Huntsman Corp. - Business segments
              • Exhibit 78: Huntsman Corp. - Key offerings
              • Exhibit 79: Huntsman Corp. - Segment focus
            • 10.10 Nouryon Chemicals Holding BV
              • Exhibit 80: Nouryon Chemicals Holding BV - Overview
              • Exhibit 81: Nouryon Chemicals Holding BV - Business segments
              • Exhibit 82: Nouryon Chemicals Holding BV - Key news
              • Exhibit 83: Nouryon Chemicals Holding BV - Key offerings
              • Exhibit 84: Nouryon Chemicals Holding BV - Segment focus
            • 10.11 Saudi Basic Industries Corp.
              • Exhibit 85: Saudi Basic Industries Corp. - Overview
              • Exhibit 86: Saudi Basic Industries Corp. - Business segments
              • Exhibit 87: Saudi Basic Industries Corp. - Key offerings
              • Exhibit 88: Saudi Basic Industries Corp. - Segment focus
            • 10.12 Solvay SA
              • Exhibit 89: Solvay SA - Overview
              • Exhibit 90: Solvay SA - Business segments
              • Exhibit 91: Solvay SA - Key offerings
              • Exhibit 92: Solvay SA - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 93: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 94: Research Methodology
                • Exhibit 95: Validation techniques employed for market sizing
                • Exhibit 96: Information sources
              • 11.4 List of abbreviations
                • Exhibit 97: 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.

              TechnavioINFORMATION 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
              Technavio

              TechnavioDATA 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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Specialty Chemicals Market market growth will increase by $155.04 bn during 2021-2025.
              The specialty chemicals market market is expected to grow at a CAGR of 3.41% during 2021-2025.
              Technavio has segmented the specialty chemicals market market by end-user (Agrochemicals, Lubricant and oilfield chemicals, Adhesives and sealants, Industrial and institutional cleaners, and Others) and geography (North America, Europe, APAC, South America, and MEA).
              Albemarle Corp., BASF SE, Clariant International Ltd., Dow Inc., Evonik Industries AG, Henkel AG and Co. KGaA, Huntsman Corp., Nouryon Chemicals Holding BV, Saudi Basic Industries Corp., Solvay SA are a few of the key vendors in the specialty chemicals market market.
              APAC will register the highest growth rate of 62% among the other regions. Therefore, the specialty chemicals market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • China
              • US
              • Japan
              • Germany
              • South Korea (Republic of Korea)
              The key factors driving the specialty chemicals market market growth are:
              • Increasing demand for specialty chemicals from agrochemical industry
              • Growing demand for bio-based chemicals
              The specialty chemicals market market vendors should focus on grabbing business opportunities from the agrochemicals segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single User:

                Quick and easy buy and download option

              • Enterprise:

                Flexible option - Complimentary customization included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>