openPR Logo
Press release

Specialty Chemicals Market to see 5% CAGR till 2024 | AkzoNobel, BASF, Clariant, Evonik, Dow, DuPont, Arkema, Bayer, Solvay

Specialty Chemicals Market

Specialty Chemicals Market

As per the latest research report, specialty chemicals market size is expected to surpass $1,200 billion by 2024, with estimated gains at more than 4.5% CAGR. Robust growth in end-user industries including construction and automotive will boost the global specialty chemicals industry size by 2024.

The specialty chemicals market research study provides a detailed survey of the vital players - this is based on the financial highlights, company outline, SWOT Analysis, Product Portfolio, as well as major strategies and the expansion plans of industry contenders. This report is also anticipated to reflect consistent growth in years to come since consumers are now being rather aware of product quality.

Get sample copy of this research report @

Global specialty chemicals market share is majorly driven by increasing population along with rapid industrialization resulting in decreased arable land. The global population is likely to reach 9 billion by 2040, this will consequently propel food demand up to the same period. A significant increase in yield is possible through agrochemicals use such as fungicides. Governments across the globe are promoting agrochemicals used to secure food supply to meet the increasing food demand owing to drive industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. AkzoNobel
3. Ashland
4. Clariant
5. Evonik
6. Dow
7. Huntsman Corporation
8. DuPont
9. Arkema
10. Bayer
11. Syngenta
12. Albemarle Corporation
13. Chaitra Corporation
14. Eastman Chemical Company
15. Solvay

Some of the popular product categories of specialty chemicals market include food additives, fragrances, industrial gases, adhesives, agrochemicals, cleaning materials, cosmetic additives, and many others. The overall specialty chemicals industry is estimated to account for a marginal 4% CAGR over the period of 2016-2024, as per a report compiled by Global Markets Insights, Inc.

Make an inquiry for buying this report @

The continuous upsurge in population and rapid industrialization have been reducing arable land, which has induced demand for specialty chemicals. Food demand is likely to proliferate considerably, which is predicted to touch almost $9 billion by 2040. Agrochemicals, such as fungicides can be applied to enhance yield and are being extensively utilized to satisfy the incessant demand for food. Also, specialty chemicals are used to enrich food products with nutrients, enhance texture, and keep food fresh for a longer time.

Specialty chemicals have found widespread applications as construction chemicals owing to their ability to prolong structure life and improve the aesthetic & functional requirements of buildings. Escalating industrialization will augment the number of residential and commercial construction projects in the future and generate substantial demand for specialty chemicals. In 2015, Asia Pacific evolved as a pivotal growth ground for specialty chemicals, led by Japan, India, and China. The construction chemicals industry accounted for more than $70 billion in the total specialty chemicals market in 2015.

By Product

o Agrochemicals
o Polymers & Plastic Additives
o Construction Chemicals
o Electronic Chemicals
o Cleaning Chemicals
o Surfactants
o Lubricants & Oilfield Chemicals
o Specialty Coatings
o Paper & Textile Chemicals
o Food Additives
o Adhesives & Sealants

Asia Pacific specialty chemicals are projected to grow at an annual growth rate of 6.5% over the period of 2016-2024. A swift rise in the construction and automotive industries in the region has propelled the demand for construction chemicals and automotive chemical compounds, which in turn has driven specialty chemicals industry to accumulate lucrative gains from the region. The fact that renowned automakers such as Audi AG, BMW, and Mercedes Benz have planned to expand their operations across APAC can prove beneficial for the expansion of specialty chemicals market in the region.

The specialty chemicals market dynamics are complex and each business segment outlines a different growth chart. Despite the healthy growth of automotive and construction industries in North America and the Asia Pacific, the market scenario for the textiles & paper specialty chemicals is witnessing a marked change. The advent of digitalization and the Internet are posing a threat to the development of specialty chemicals market from textiles & paper industry. The growing trend of promotional activities on You-Tube, Facebook, Twitter, and other such platforms has gradually faded out the traditional marketing tools including pamphlets and catalogs, thus depicting a sluggish growth for this market from the paper & textiles sector.

Key market players in the specialty chemicals market includes Akzo Nobel N.V., BASF SE, Ashland Inc., Clariant AG, Evonik Industries, The Dow Chemical Company, Huntsman Corporation, DuPont, Arkema S.A., Bayer AG, Chevron Philips Chemical Company, Syngenta AG, Albemarle Corporation, Chaitra Corporation, Eastman Chemical Company, Solvay, and INEOS Group AG.

Browse complete summary of this research report @

Main Features of the Global Market Research Report:

The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.

-The report also describes the major drivers of the market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.

-The research report endorses a detailed industry chain analysis. Also, it covers the production process of the market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.

-The report provides detailed knowledge about the competitive scenario of the global market and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.

-The report analyses the various market segments and also provides their contribution to the development of the global industry.

Browse More News -

Cosmetics Preservative Market Size:

Humic Acid Market Size:

Spray Adhesives Market Size:

Hydrogen Peroxide Market Size:
Compressor Oil Market Size:

Liquid Nitrogen Market Size:

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Specialty Chemicals Market to see 5% CAGR till 2024 | AkzoNobel, BASF, Clariant, Evonik, Dow, DuPont, Arkema, Bayer, Solvay here

News-ID: 1967752 • Views: 528

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases

More Releases for Chemical

Chemical Logistics Market
This Market report studies current as well as future aspects of based upon factors such as market trends, key player, and market demand and segmentation analysis. Apart from the above elements, the Chemical Logistics Market research report provides detail overview of the industry with geographic segmentation, statistical forecast to 2025. Chemical Logistics Industry report studies current as well as future aspects of based upon factors such as market trends, key player,
Bulk Chemical Packaging Market
Expanding at a robust growth rate of 6.8 percent, the global demand for bulk chemical packaging is estimated to reach a valuation of approximately US$ 10.7 Billion, in 2019, as per a recently published study Future Market Insights (FMI) on the global packaging landscape for bulk chemicals. Bulk chemicals, also called commodity chemicals, have witnessed a surge in demand given its wide application in a host of end-use industries such
Chemical Agricultural Colorants Market
This report studies the global Chemical Agricultural Colorants market status and forecast, categorizes the global Chemical Agricultural Colorants market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). Chemical Agricultural Colorants is a class of colorants used in seed, fertilizer, easy to
Industrial Sodium Nitrate Market Increasing Demand with Key Players: XuHang Chem …
Qyresearchreports include new market research report “Global Industrial Sodium Nitrate Market Professional Survey Report 2018” to its huge collection of research reports. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering SQM Hualong Ammonium Nitrate XuHang Chemical FuYuan Chemical LuGuang Chemical YuanHua Chemical XinHao Chemical FengYuan Chemical Longsheng Jiaocheng Zhongyuan Chemical Jiaocheng MingXing Chemical Huaertai Chemical To Download Sample Report With TOC: On the basis of product, this report displays the production, revenue,
Zinc Sulphate Market Key Players Profiles and Analysis 2027: Lantian Chemical, L …
Market Research Future published a half cooked research report on “Global Zinc Sulphate Industry Market” – Market Analysis, Scope, Stake, Growth, Trends and Forecasts 2017-2027. Introduction: Market Research Future introduces about the Global Zinc Sulphate Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on
Global Nickel Naphthenate market 2017 - Minghuan Chemical, Zhang Ming Chemical, …
Apex Market Reports, recently published a detailed market research study focused on the "Nickel Naphthenate Market" across the global, regional and country level. The report provides 360° analysis of "Nickel Naphthenate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nickel Naphthenate industry, and estimates the future trend of Nickel Naphthenate market