Specialty Chemicals Market in US by Type and Function - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72201

Specialty Chemicals Market Analysis Report 2022-2026:

The Global Specialty Chemicals Market size in the US is expected to increase by USD 40.48 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.00%.

This specialty chemicals market research report extensively covers the specialty chemicals market in the US segmentation by type (adhesives, electronic chemicals, water treatment chemicals, specialty mining chemicals, and others) and function (specialty coatings, catalysts, specialty pigments, antioxidants, and others). 

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

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Specialty Chemicals Market in the US: Key Drivers, Trends, and Challenges

 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 in the US. 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 in the US

The specialty chemicals market in the US is experiencing significant growth due to the rising demand for recycled plastics. This surge in demand can be attributed to various industries embracing environmentally friendly and sustainable solutions, driven by a growing awareness of the importance of a healthy lifestyle. Recycled plastics provide new opportunities for waste reduction, energy conservation, carbon emission reduction, and water consumption reduction, while still delivering high quality and performance. They are particularly useful in extending the shelf life of products and providing enhanced product protection. As a result, the adoption of eco-friendly alternatives across different applications has led to an increased demand for recycled plastics and subsequently boosted the need for plastic additives within recycled plastics. Consequently, this trend is expected to propel the growth of the specialty chemicals market in the US throughout the forecast period.

 Specialty Chemicals Market Trends in the US

The specialty chemicals market in the US is experiencing growth due to the increasing demand for bio-based chemicals. The use of biodegradable plastics in everyday consumer goods applications, particularly in the packaging industry, has witnessed a significant surge. This trend has expanded the utilization of plastic additives, specifically bio-based resins, which are derived from biodegradable materials. The packaging sector has greatly benefited from the incorporation of bio-based resins, enabling the use of plastic additives in a wider range of applications. The bio-based resins industry has gained momentum due to the growing emphasis on waste management. These resins are produced from renewable sources such as sugarcane, wood pulp, and other sustainable materials. Substituting petroleum-based resins with bio-based resins results in a remarkable 70% reduction in emissions and overall carbon footprint. Therefore, the increasing preference for environmentally friendly bio-based chemicals is expected to drive market growth in the US throughout the forecast period.

 Specialty Chemicals Market Challenge in the US

The growth of the specialty chemicals market in the US is being impeded by strict regulations and policies. An example of this is the Massachusetts Department of Environmental Protection (MassDEP) implementing stringent guidelines on the volatile organic compound (VOC) content of adhesives and sealants in August 2013. The US regulation 310 CMR 7.18(30) sets a VOC limit for adhesives, including specialty chemicals used in industrial and commercial applications. To comply with these standards and meet VOC requirements, specialty chemicals vendors must adhere to these guidelines to avoid facing consequences. The presence of such stringent regulations and policies concerning the use of adhesives is expected to hinder the growth of the specialty chemicals market in the US throughout the forecast period.

Furthermore, this analysis report on the specialty chemicals market in the US provides comprehensive information regarding other upcoming trends and challenges that will have a significant impact on market growth. The insights gained from these trends and challenges will enable companies to assess and formulate growth strategies for the period between 2022 and 2026.

What are the Revenue-generating Type Segments in the Specialty Chemicals Market in the US?

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The specialty chemicals market share growth in the US by the adhesives segment will be significant during the forecast period. Regardless of adhesives, there are other segments that are contributing to the market growth, and one of them is a surfactant. The growing demand for surfactants is due to the rising use of cosmetics and personal care products such as hair care, skincare, and baby care, among others. Mild shampoos with surfactants are gentle to the skin and offer low irritancy to the skin. Thus, high disposable incomes and rapid urbanization are expected to fuel the demand for soaps and detergents with the rising demand for surfactants. 

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

Who are the Major Specialty Chemicals Market Vendors in the US?

The specialty chemicals market forecast report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 3M Co.
  • BASF SE
  • Corteva Inc.
  • DuPont de Nemours Inc.
  • Evonik Industries AG
  • Exxon Mobil Corp.
  • H.B. Fuller Co.
  • Henkel AG and Co. KGaA
  • Huntsman Corp.
  • LANXESS AG

This statistical study of the specialty chemicals market in the US encompasses successful business strategies deployed by the key vendors. The specialty chemicals market in the US is fragmented and the vendors are deploying growth strategies such as quality and price to compete in the market.

Product Insights and News

  • 3M Co. - The company offers specialty chemicals that are specially formulated to protect porous surfaces such as concrete, stone, and tile from both water and oil based stains, under the brand name of 3M

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 in the US 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 in the US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the specialty chemicals market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains 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 chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovations

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

Specialty Chemicals Market Scope in the US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.00%

Market growth 2022-2026

USD 40.48 billion

Market structure

Fragmented

YoY growth (%)

3.00

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., BASF SE, Corteva Inc., DuPont de Nemours Inc., Evonik Industries AG, Exxon Mobil Corp., H.B. Fuller Co., Henkel AG, and Co. KGaA, Huntsman Corp., and LANXESS AG

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 the forecast period

Customization purview

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

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive specialty chemicals market growth in the US during the next five years
  • Precise estimation of the specialty chemicals market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the specialty chemicals industry in the US
  • 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 in the US 

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***1. Executive Summary                         

               **1.1 Market Overview 

                              *Exhibit 01:  Key Finding 1

                              *Exhibit 02:  Key Finding 2

                              *Exhibit 03:  Key Finding 5

                              *Exhibit 04:  Key Finding 6

                              *Exhibit 05:  Key Finding 7

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *Exhibit 06:  Parent market

                              *Exhibit 07:  Market characteristics

               **2.2 Value chain analysis           

                              *Exhibit 08:  Value chain analysis - Chemicals

                              *2.2.1 Inputs

                              *2.2.2 Inbound logistics

                              *2.2.3 Operations

                              *2.2.4 Outbound logistics

                              *2.2.5 Marketing and sales

                              *2.2.6 Support activities

                              *2.2.7 Innovations

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 09:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 10:  Market segments

               **3.3 Market size 2021 

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *3.4.1 Estimating growth rates for emerging and high-growth markets

                              *3.4.2 Estimating growth rates for mature markets

                              *Exhibit 11:  Global - Market size and forecast 2021 - 2026 ($ billion)

                              *Exhibit 12:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 13:  Five forces analysis 2021 & 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 14:  Bargaining power of buyers

               **4.3 Bargaining power of suppliers        

                              *Exhibit 15: Bargaining power of suppliers

               **4.4 Threat of new entrants     

                              *Exhibit 16:  Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 17: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 18: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 19:  Market condition - Five forces 2021

***5. Market Segmentation by Type                    

               **5.1 Market segments

                              *The segments covered in this chapter are:

  • *Adhesives
  • *Electronic chemicals
  • *Water treatment chemicals
  • *Specialty mining chemicals
  • *Others

                              *Exhibit 20:  Type - Market share 2021-2026 (%)

               **5.2 Comparison by Type          

                              *Exhibit 21:  Comparison by Type

               **5.3 Adhesives - Market size and forecast 2021-2026    

                              *Exhibit 22:  Adhesives - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 23:  Adhesives - Year-over-year growth 2021-2026 (%)

               **5.4 Electronic chemicals - Market size and forecast 2021-2026

                              *Exhibit 24:  Electronic chemicals - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 25:  Electronic chemicals - Year-over-year growth 2021-2026 (%)

               **5.5 Water treatment chemicals - Market size and forecast 2021-2026  

                              *Exhibit 26:  Water treatment chemicals - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 27:  Water treatment chemicals - Year-over-year growth 2021-2026 (%)

               **5.6 Specialty mining chemicals - Market size and forecast 2021-2026   

                              *Exhibit 28:  Specialty mining chemicals - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 29:  Specialty mining chemicals - Year-over-year growth 2021-2026 (%)

               **5.7 Others   - Market size and forecast 2021-2026        

                              *Exhibit 30:  Others   - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 31:  Others   - Year-over-year growth 2021-2026 (%)

               **5.8 Market opportunity by Type          

                              *Exhibit 32:  Market opportunity by Type

***6. Market Segmentation by Function                            

               **6.1 Market segments

                              *The segments covered in this chapter are:

  • *Specialty coatings
  • *Catalysts
  • *Specialty pigments
  • *Antioxidants
  • *Others

                              *Exhibit 33:  Function - Market share 2021-2026 (%)

               **6.2 Comparison by Function   

                              *Exhibit 34:  Comparison by Function

               **6.3 Specialty coatings - Market size and forecast 2021-2026    

                              *Exhibit 35:  Specialty coatings - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 36:  Specialty coatings - Year-over-year growth 2021-2026 (%)

               **6.4 Catalysts - Market size and forecast 2021-2026      

                              *Exhibit 37:  Catalysts - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 38:  Catalysts - Year-over-year growth 2021-2026 (%)

               **6.5 Specialty pigments - Market size and forecast 2021-2026   

                              *Exhibit 39:  Specialty pigments - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 40:  Specialty pigments - Year-over-year growth 2021-2026 (%)

               **6.6 Antioxidants - Market size and forecast 2021-2026              

                              *Exhibit 41:  Antioxidants - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 42:  Antioxidants - Year-over-year growth 2021-2026 (%)

               **6.7 Others  - Market size and forecast 2021-2026         

                              *Exhibit 43:  Others  - Market size and forecast 2021-2026 ($ billion)

                              *Exhibit 44:  Others  - Year-over-year growth 2021-2026 (%)

               **6.8 Market opportunity by Function   

                              *Exhibit 45:  Market opportunity by Function

***7. Customer landscape                        

                              *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               **7.1 Overview

                              *Exhibit 46:  Customer landscape

***8. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *8.1.1 Increasing demand for recycled plastics 

                              *8.1.2 Growing demand for construction chemicals

                              *8.1.3 Shift toward specialty adhesives and sealants

               **8.2 Market challenges              

                              *8.2.1 Stringent regulations and policies

                              *8.2.2 Availability of substitute products 

                              *8.2.3 Commoditization of specialty chemicals

                              *Exhibit 47:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1 Growing demand for bio-based chemicals

                              *8.3.2 Increasing demand for disinfectants

                              *8.3.3 Increasing strategic acquisitions and partnerships

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 48:  Vendor landscape

               **9.2 Landscape disruption         

                              *Exhibit 49:  Landscape disruption

                              *Exhibit 50:  Industry risks

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 51:  Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 52: Market positioning of vendors

               **10.3 3M Co.

                              *Exhibit 53:  3M Co. - Overview

                              *Exhibit 54:  3M Co. - Business segments

                              *Exhibit 55:  3M Co.-Key news

                              *Exhibit 56:  3M Co. - Key offerings

                              *Exhibit 57:  3M Co. - Segment focus

               **10.4 BASF SE 

                              *Exhibit 58:  BASF SE - Overview

                              *Exhibit 59:  BASF SE - Business segments

                              *Exhibit 60:  BASF SE-Key news

                              *Exhibit 61:  BASF SE - Key offerings

                              *Exhibit 62:  BASF SE - Segment focus

               **10.5 Corteva Inc.        

                              *Exhibit 63:  Corteva Inc. - Overview

                              *Exhibit 64:  Corteva Inc. - Business segments

                              *Exhibit 65:  Corteva Inc.-Key news

                              *Exhibit 66:  Corteva Inc. - Key offerings

                              *Exhibit 67:  Corteva Inc. - Segment focus

               **10.6 DuPont de Nemours Inc.

                              *Exhibit 68:  DuPont de Nemours Inc. - Overview

                              *Exhibit 69:  DuPont de Nemours Inc. - Business segments

                              *Exhibit 70:  DuPont de Nemours Inc.-Key news

                              *Exhibit 71:  DuPont de Nemours Inc. - Key offerings

                              *Exhibit 72:  DuPont de Nemours Inc. - Segment focus

               **10.7 Evonik Industries AG       

                              *Exhibit 73:  Evonik Industries AG - Overview

                              *Exhibit 74:  Evonik Industries AG - Business segments

                              *Exhibit 75:  Evonik Industries AG-Key news

                              *Exhibit 76:  Evonik Industries AG - Key offerings

                              *Exhibit 77:  Evonik Industries AG - Segment focus

               **10.8 Exxon Mobil Corp.           

                              *Exhibit 78:  Exxon Mobil Corp. - Overview

                              *Exhibit 79:  Exxon Mobil Corp. - Business segments

                              *Exhibit 80:  Exxon Mobil Corp.-Key news

                              *Exhibit 81:  Exxon Mobil Corp. - Key offerings

                              *Exhibit 82:  Exxon Mobil Corp. - Segment focus

               **10.09: H.B. Fuller Co.

               **Exhibit 83:  H.B. Fuller Co. - Overview 

               **Exhibit 84:  H.B. Fuller Co. - Business segments             

               **Exhibit 85:  H.B. Fuller Co. - Key offerings         

               **Exhibit 86:  H.B. Fuller Co. - Segment focus     

               **10.10 Henkel AG and Co. KGaA            

                              *Exhibit 87:  Henkel AG and Co. KGaA - Overview

                              *Exhibit 88:  Henkel AG and Co. KGaA - Business segments

                              *Exhibit 89:  Henkel AG and Co. KGaA-Key news

                              *Exhibit 90:  Henkel AG and Co. KGaA - Key offerings

                              *Exhibit 91:  Henkel AG and Co. KGaA - Segment focus

               **10.11 Huntsman Corp.             

                              *Exhibit 92:  Huntsman Corp.  - Overview

                              *Exhibit 93:  Huntsman Corp.  - Business segments

                              *Exhibit 94:  Huntsman Corp. -Key news

                              *Exhibit 95:  Huntsman Corp.  - Key offerings

                              *Exhibit 96:  Huntsman Corp.  - Segment focus

               **10.12 LANXESS AG     

                              *Exhibit 97:  LANXESS AG  - Overview

                              *Exhibit 98:  LANXESS AG  - Business segments

                              *Exhibit 99:  LANXESS AG-Key news

                              *Exhibit 100:  LANXESS AG  - Key offerings

                              *Exhibit 101:  LANXESS AG  - Segment focus

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 Market definition

                              *11.1.2 Objectives

                              *11.1.3 Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 102:  Currency conversion rates for US$

               **11.3 Research Methodology   

                              *Exhibit 103:  Research Methodology

                              *Exhibit 104:  Validation techniques e

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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Key Questions Answered

  • 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?

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