European Specialty Chemicals Market: Analysis Report, Share, Trends and Overview 2021-2027

European Specialty chemicals market is anticipated to exhibit a CAGR of 3.7% during the forecast period. The growing use of specialty chemicals in the end-user industries is a key factor driving the European specialty chemical market. In the automobile industry, specialty chemicals are mainly used to perform specialty coating on the vehicles. As per the European Chemical Industry Council (CEFIC), the specialty chemical held the major share of more than 27.0% in the EU chemical sales.

As per the International Organization of Motor Vehicle Manufacturers, around 20.8 million units of vehicles were sold in Europe in 2019. The major automotive players including Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, and Continental AG that have their headquarters in Europe. Thus, the high production of automobiles is also expected to further boost the regional demand for specialty chemicals in Europe. Germany and UK are projected to hold a significant share in the European specialty chemical market. According to the Society of Motor Manufacturing & Traders (SMMT), the automotive industry in the UK contributes approximately $22.7 billion per year to the region’s economy. The well-established automobile industry of the UK is anticipated to promote the growth of the specialty chemical market in Europe.

A full report of European Specialty Chemicals Market is available at: https://www.omrglobal.com/industry-reports/european-specialty-chemicals-market-share

Market Coverage

• Market number available for – 2019-2026-
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product Type
• Regions Covered- Europe
• Competitive Landscape- SABIC, BASF SE, Bayer AG, Eastman Chemical Company

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/european-specialty-chemicals-market-share

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European Specialty Chemicals Market Report Segment

By Product Type

• Agrochemicals
• Cleaning Chemicals
• Construction Chemicals
• Electronic Chemicals
• Food Additives
• Adhesive & Sealants
• Specialty Coatings
• Surfactants
• Paper & Textile Chemicals
• Lubricants & Oilfield Chemicals
• Polymers & Plastic Additives
• Others

European Specialty Chemicals Market Report by Geography

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Company Profiles

• Akzo Nobel N.V.
• Albemarle Corp.
• Ashland Inc.
• BASF SE
• Bayer AG
• Chevron Philips Chemical Co.
• Clariant AG
• Covestro AG
• Dow Inc.
• DuPont Inc.
• Eastman Chemical Co.
• FMC Corp.
• Huntsman International LLC
• INEOS AG
• SABIC
• Solvay SA
• Syngenta AG

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.