Global Specialty Chemicals Market Size To Hit US$ 914 Billion By 2028 | IMARC Group

The latest report published by IMARC Group, titled "Specialty Chemicals Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global specialty chemicals market size reached US$ 726 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 914 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/specialty-chemicals-market/requestsample

Specialty Chemicals Market Trends:

The escalating demand for high-performance and function-specific chemicals across different end-use industries, such as oil and gas, pulp and paper, personal care, and cosmetics, is primarily augmenting the specialty chemicals market. Furthermore, the increasing concerns about the harmful effects of conventional chemicals on the environment have led to a rising requirement for the user- and environment-friendly chemical formation, which is also bolstering the market growth. Apart from this, the inflating usage of these chemicals in the construction of new buildings and the repairs, improvements, and upgrades of the existing infrastructure is positively influencing the global market. Moreover, leading players are focusing on the development and marketing of specialty chemicals in these variants to expand their product portfolio and improve their overall sales, which is further catalyzing the market growth. Besides this, the growing investments in research and development (R&D) activities to provide innovative and custom-made chemical formations for target applications are acting as significant growth-inducing factors. Additionally, the increasing industrialization and the expanding automotive sector are expected to drive the specialty chemicals market in the coming years.

Specialty Chemicals Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the specialty chemicals market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Akzo Nobel N.V.
• Albemarle Corporation
• Ashland Global Holdings Inc.
• BASF SE
• Bayer AG
• Clariant AG
• Evonik Industries AG (RAG-Stiftung)
• Huntsman Corporation
• Solvay S.A.
• The Dow Chemical Company

Key Market Segmentation:

The report has segmented the global specialty chemicals market based on type and region.

Breakup by Type:

• Agrochemicals
• Polymer Additives
• Construction Chemicals
• Water Treatment Chemicals
• Oil field Chemicals
• Food Additives
• Surfactants
• Electronic Chemicals
• Specialty Polymers
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3057&flag=C

Industry Definition and Application:

Specialty chemicals represent chemical formations manufactured in small volumes with specific properties to provide the desired effects. They can be single-chemical entities or formulations producing high-value chemicals, which are used in products essential to consumers. Compared to commodity chemicals, specialty chemicals are produced in lesser volumes. As a result, they find wide applications in a wide range of industry verticals, including agriculture, automotive, aerospace, pharmaceutical, and food and beverage (F&B).

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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