NEW YORK, Oct. 9, 2023 /PRNewswire/ — The specialty chemicals market size is expected to grow by USD 357.76 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 6.97% during the forecast period, according to Technavio. We provide a detailed analysis of 20 companies operating in the specialty chemicals market, including Albemarle Corp., Ashland Inc., BASF SE, Beardow and Adams Adhesives Ltd., Clariant International Ltd., Danimer Scientific Inc., Dow Chemical Co., Dymax Corp., Evonik Industries AG, Exxon Mobil Corp., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman International LLC, Lanxess AG, Nouryon Chemicals Holding BV, PPG Industries Inc., Prince International Corp., Saudi Arabian Oil Co., Shree Ganesh Remedies Ltd., and Solvay SA. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report
Specialty Chemicals Market 2023-2027: Company Analysis
Albemarle Corp. – The company offers a wide range of specialty chemicals such as Bromine Specialties, Catalysts and Lithium.
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Specialty Chemicals Market 2023-2027: Segmentation
End-user
- The Agrochemicals segment will contribute the highest market share growth during the forecast period. Agrochemicals are used to improve the quality and yield of crops. They are mainly classified into fertilizers and pesticides. Fertilizers are further segmented into nitrogenous, potassic, phosphatic, and others, whereas the different segments of pesticides include insecticides, herbicides, bio-pesticides, and others.
Geography
- By Geography, APAC is estimated to contribute 60% to the growth of the global market during the forecast period. Countries like China, Japan, India, Vietnam, South Korea, Malaysia, and Australia. China, Japan, South Korea, and India majorly contribute to the regional market growth. The growth can be attributed to rapid industrialization and the increasing demand for agrochemicals, plastic additives, food additives, and adhesives and sealants in the region.
- Other regions include North America, Europe, South America, and Middle East and Africa.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report
Specialty Chemicals Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist specialty chemicals market growth during the next five years
- Estimation of the specialty chemicals market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the specialty chemicals market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of specialty chemicals market companies
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| Specialty Chemicals Market Scope | |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 6.97% |
| Market growth 2023-2027 | USD 357.76 billion |
| Market structure | Fragmented |
| YoY growth 2022-2023 (%) | 6.11 |
| Regional analysis | APAC, North America, Europe, South America, and Middle East and Africa |
| Performing market contribution | APAC at 60% |
| Key countries | US, China, Japan, South Korea, and Germany |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Albemarle Corp., Ashland Inc., BASF SE, Beardow and Adams Adhesives Ltd., Clariant International Ltd., Danimer Scientific Inc., Dow Chemical Co., Dymax Corp., Evonik Industries AG, Exxon Mobil Corp., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman International LLC, Lanxess AG, Nouryon Chemicals Holding BV, PPG Industries Inc., Prince International Corp., Saudi Arabian Oil Co., Shree Ganesh Remedies Ltd., 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 the 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. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
