Specialty Chemicals Market Report 2021 Recent Development and Trends, Expected Growth and its Factors, CAGR, Industry Size, Business Prospects and Forecast 2025 | Says Kenneth Research

The Specialty Chemicals Market is predicted to grow as a result of the significant rise in demand for different types of advanced specialty chemicals, along with the increasing need amongst end-user industries for chemicals that promote environmental sustainability and reduced emissions, backed by the rising concern for environmental pollution. According to the statistics by the United States Environmental Protection Agency (EPA), the industrial sector in the U.S. contributed to 22% of the total U.S. greenhouse gas emissions in the year 2018. On the other hand, rising demand for the volumetric production of chemicals, owing to the need for chemicals for manufacturing end-use products by the end-user industries, are also anticipated to drive the growth of the MARKET during the forecast period. Additionally, growing sales of chemicals worldwide, which grew by nearly three times over the last twenty years and touched nearly USD 4 billion in the year 2018, along with the growing innovation and research for the development of advanced chemicals are some of the additional factors anticipated to drive the market growth in the coming years.

Market Snapshot

The multi-billion dollar chemical industry continues to attract massive investments all over the world. Performance of some of the sub-sectors such as the specialty chemical has been outstanding in recent years. In 2017, the global specialty chemicals market stood at over USD 700 Bn and is likely to surpass the USD 1000 Bn mark by 2023-end. This market is expected to remain highly attractive and draw substantial investments in the forthcoming years. Specialty chemicals are in huge demand from a number of large-scale manufacturing sectors, with automotive being the foremost in the ranking order. Meanwhile, sectors such as F&B, textile and cosmetics also represent for considerable proportions of the overall consumption of specialty chemicals. The global demand for such chemicals is expected to remain strong, particularly in emerging markets where the trend of rapid industrialization and urbanization continue to broaden the growth avenues for market players. 

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Report Overview

This MRFR market perspective successfully reveals the ongoing transformations, events and developments in the global specialty chemicals market. The report delivers a quantitative and qualitative assessment of the key elements that accurately reflects the current market scenario and its future growth potentials. It covers various parameters relevant to the global specialty chemicals market, delivering an unbiased and insightful analysis of the macro and micro-economic factors influencing the market performance.

The market values provided in the report were confirmed after analyzing the market on several fronts, which revenues from different specialty chemical types, sources and market opportunities in regions such as North America, South America, Asia Pacific (APAC), Europe and the Middle East & Africa (MEA). On the basis of the source, crude oil, naphtha, ethane, propane, butane and wood are the primary segments discussed in the report. The report focuses on market valuation specialty chemical such as flavors ingredients, agrochemicals, dyes & pigments, fragrances ingredients, water treatment chemicals, personal care active ingredients, construction chemicals, surfactants, textile chemicals, and polymer additives and bio-based chemicals.

Players Covered

Market Research Future (MRFR) recognizes the following companies as some of the key market Evonik Industries AG, Henkel AG & Co, ExxonMobil Corporation, Clariant AG, AkzoNobel NV, Lenzing AG, BHS Specialty Chemicals, Lanxess AG, BASF SE, Ashland Inc., Solvay SA, KGaA and DowDuPont,The report offers vendor landscape analyses, examining the current market positions of leading players. This section of the report covers company revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives.

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Research Methodology

Market Research Future’s reports aim to provide industry participants with unique foresight into multiple market scenarios. The report’s in-depth and market-focused approach allows for 360-degree approach that can support informed planning and strategy decisions. Moreover, the joint use of primary and secondary resources enables a thorough and extensive understanding of the current trends in the industry. The top-down and bottom-up approaches employed for research purposes allow our clients to implement significant and lasting improvements to their performance and realize their long-term goals. The evolution of the competitive landscape is also extensively studied by our analysts to uncover the latest trends that are shaping the market. Surveys and interviews which conducted as a part of the primary research deliver competitive leverage to optimize performance in the market.

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for specialty chemicals

By Source

Crude Oil

Naphtha

Ethane

Propane

Butane

Wood

Others

By Type

Agrochemicals

Flavors Ingredients

Fragrances Ingredients

Dyes & Pigments

Personal Care Active Ingredients

Water Treatment Chemicals

Construction Chemicals

Surfactants

Textile Chemicals

Polymer Addditives

Bio-Based Chemicals

Others

By Region

North America: The U.S., and Canada

Europe: Germany, Russia, UK, France, Italy, Poland, and Rest of the Europe

Asia Pacific (APAC): China, Japan, India, Australia & New Zealand, South Korea, and Rest of Asia Pacific

The Middle East & Africa (MEA): Turkey, Iran, and Rest of Middle East & Africa

Latin America: Brazil, Mexico, Argentina, and Rest of Latin America

Intended Audience

Specialty Chemicals manufacturers

Suppliers and distributors

Potential investors

Raw material suppliers

Associattions

Government

End Use Industries

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Steven is working as a news editor with America News Hour. He started his career as a freelance news writer in 2012 and has helped people in all aspects of online marketing through the expert industry coverage. In addition to writing content as a freelancer, he is also an expert in business, lifestyle, politics, sports and tech & science news. His articles are now featured on the overwhelming news website and channels such as MarketWatch, Routers etc.

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