Product Code: 6311
KEY FINDINGS
The global specialty chemical market is anticipated to grow at a CAGR of 5.30% over the forecast period of 2019-2027. The market revenue is expected to grow from $XX million in 2018 to $XX million by 2027. The major drivers for the growth of this market are the increasing popularity of eco-friendly products, economic growth in the APAC regions, growing focus on sustainability and surge in research & development expenditure of specialty chemicals. The rising awareness regarding environmental concerns all over the word is also aiding to shift the consumer preference towards environmentally friendly products.
MARKET INSIGHTS
The multi-specific offerings, namely, the industry-specific offerings and generic offerings, by the vendors of the specialty chemicals market are opening new doors for the market. The production of specialty chemicals incurs high-cost, which leads to lower demand in the market. Most of the specialty chemicals are manufactured using petroleum-based commodity chemicals, and the fluctuations in crude oil prices have significantly impacted the initial expenses for the specialty chemicals market. Although the application segment of the global specialty chemicals industry is quite profitable, the market is still facing some challenges as well. Some of them are due to the need for large monetary investments in R&D for new chemicals. Other factors like increase in regulatory challenges, the high cost of raw materials, lack of skilled professionals and increasing competition among vendors are also hindering the market growth.
REGIONAL NIGHTS
The global specialty chemicals market can be divided into four regions. They are North America, Asia-Pacific, Europe and the Rest of World. The Asia Pacific region which includes countries like China, Japan, India, Australia, and South Korea is anticipated to hold the largest share of the market by the year 2025. This is because the demand for specialty chemicals like construction chemicals, plastic additives, pharmaceutical ingredients, and agrochemicals is increasing in this region. As a result, there is a possibility for increased industrialization and growth in the manufacturing sector in the coming years for this region, which would, in turn, propel the specialty chemicals market growth.
COMPETITIVE INSIGHTS
The major market players in the global specialty chemicals market are PPG Industries Inc., Merck & Co., Inc., Bayer AG, Koninklijke DSM N.V., BASF SE, Huntsman Corporation, Ashland Inc., Clariant SE, Sasol Limited, AkzoNobel N.V., DowDuPont and Solvay S.A.
Table of Contents
1. RESEARCH SCOPE
- 1.1. STUDY GOALS
- 1.2. SCOPE OF THE MARKET STUDY
- 1.3. WHO WILL FIND THIS REPORT USEFUL?
- 1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
- 2.1. SOURCES OF DATA
- 2.1.1. SECONDARY DATA
- 2.1.2. PRIMARY DATA
- 2.2. TOP-DOWN APPROACH
- 2.3. BOTTOM-UP APPROACH
- 2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
- 3.1. MARKET SUMMARY
- 3.2. KEY FINDINGS
- 3.2.1. ASIA-PACIFIC REGION IS THE LARGEST MARKET FOR SPECIALTY CHEMICALS
- 3.2.2. SURGE IN RESEARCH & DEVELOPMENT EXPENDITURE FOR SPECIALTY CHEMICALS
- 3.2.3. USAGE OF SPECIALTY CHEMICALS HAS INCREASED ACROSS THE WORLD
- 3.2.4. GROWTH OF CHEMICAL INDUSTRY IN RECENT YEARS
4. MARKET DYNAMICS
- 4.1. MARKET SCOPE & DEFINITION
- 4.2. MARKET DRIVERS
- 4.2.1. INCREASING USE OF SPECIALTY CHEMICALS IN VARIOUS INDUSTRIES
- 4.2.2. GROWING DEMAND FOR SPECIALTY PAPER
- 4.3. MARKET RESTRAINTS
- 4.3.1. VOLATILITY IN THE PRICES OF RAW MATERIALS
- 4.3.2. RIGID REGULATIONS FOR GOVERNING THE MARKET
- 4.4. MARKET OPPORTUNITIES
- 4.4.1. INCREASING INDUSTRY-SPECIFIC OFFERINGS BY VENDORS
- 4.4.2. INCREASING FOCUS ON SUSTAINABILITY
- 4.5. MARKET CHALLENGES
- 4.5.1. HIGH INSTALLATION COST FOR CHEMICALS MANUFACTURING FACILITY
- 4.5.2. INCREASING COMPETITION IN THE MARKET
- 4.5.3. LACK OF SKILLED PROFESSIONALS
5. MARKET BY APPLICATIONS
- 5.1. ADVANCED CERAMIC MATERIALS
- 5.2. CONSTRUCTION CHEMICALS
- 5.2.1. PROTECTIVE COATINGS
- 5.2.2. ADHESIVE AND SEALANTS
- 5.2.3. CONCRETE AND MIXTURES
- 5.2.4. ASPHALT ADDITIVES
- 5.2.5. FLAME RETARDANTS
- 5.3. COSMETIC CHEMICALS
- 5.4. ELECTRONIC CHEMICALS
- 5.4.1. WAFERS
- 5.4.2. ATMOSPHERIC AND SPECIALTY GASES
- 5.4.3. PHOTORESISTS
- 5.4.4. POLYMERS
- 5.4.5. WET PROCESSING CHEMICALS
- 5.4.6. CMP SLURRIES
- 5.4.7. OTHERS
- 5.5. FOOD ADDITIVES
- 5.5.1. FLAVORS AND ENHANCERS
- 5.5.2. SWEETENERS
- 5.5.3. COLORANTS
- 5.5.4. ENZYMES
- 5.5.5. EMULSIFIERS
- 5.5.6. SHELF-LIFE STABILIZERS
- 5.5.7. FAT REPLACERS
- 5.5.8. OTHERS
- 5.6. IMAGING CHEMICALS AND MATERIALS
- 5.6.1. POLYESTERS
- 5.6.2. NYLON
- 5.6.3. POLYCARBONATES
- 5.6.4. FLUOROPOLYMERS
- 5.6.5. OTHERS
- 5.7. INDUSTRIAL AND INSTITUTIONAL
- 5.7.1. GENERAL PURPOSE CLEANERS
- 5.7.2. FLOOR CARE PRODUCTS
- 5.7.3. DISINFECTANTS AND SANITIZERS
- 5.7.4. WARE WASHING DETERGENTS
- 5.7.5. OTHERS
- 5.8. MINING CHEMICALS
- 5.8.1. EXPLOSIVES AND DRILLING
- 5.8.2. MINERAL PROCESSING
- 5.8.3. WATER AND WASTE TREATMENT
- 5.8.4. OTHERS
- 5.9. NUTRACEUTICAL INGREDIENTS
- 5.9.1. FUNCTIONAL FOODS
- 5.9.2. FUNCTIONAL BEVERAGES
- 5.9.3. DIETARY SUPPLEMENTS
- 5.9.4. OTHERS
- 5.10. OIL FIELD CHEMICALS
- 5.10.1. DRILLING CHEMICALS
- 5.10.2. STIMULATION FLUIDS
- 5.10.3. PRODUCTION CHEMICALS
- 5.10.4. CEMENTING CHEMICALS
- 5.10.5. WORKOVER AND COMPLETION CHEMICALS
- 5.10.6. ENHANCED OIL RECOVERY CHEMICALS
- 5.11. PESTICIDES
- 5.11.1. HERBICIDES
- 5.11.2. FUNGICIDES
- 5.11.3. INSECTICIDES
- 5.11.4. OTHERS
- 5.12. PLASTIC ADDITIVES
- 5.13. PRINTING INKS
- 5.14. RUBBER-PROCESSING CHEMICALS
- 5.14.1. PROCESSING AIDS AND OTHERS
- 5.14.2. ACCELERATORS
- 5.14.3. ANTI-DEGRADANTS
- 5.15. SPECIALTY PAPER CHEMICALS
- 5.15.1. FUNCTIONAL CHEMICALS
- 5.15.2. BLEACHING CHEMICALS
- 5.15.3. PROCESS CHEMICALS
- 5.15.4. OTHERS
- 5.16. SYNTHETIC LUBRICANTS AND LUBRICATING OIL ADDITIVES
- 5.17. TEXTILE CHEMICALS
- 5.17.1. COATING AND SIZING CHEMICALS
- 5.17.2. COLORANTS AND AUXILIARIES
- 5.17.3. FINISHING AGENTS
- 5.17.4. SURFACTANTS
- 5.17.5. DESIZING AGENTS
- 5.17.6. BLEACHING AGENTS
- 5.17.7. YARN LUBRICANTS
- 5.18. WATER MANAGEMENT CHEMICALS
- 5.18.1. CORROSION INHIBITORS
- 5.18.2. ORGANIC POLYMERS SEGMENT
- 5.18.3. SCALE INHIBITORS
- 5.18.4. ION EXCHANGE RESINS
- 5.18.5. BIOCIDES
- 5.18.6. OTHERS
- 5.19. OTHERS
6. KEY ANALYTICS
- 6.1. PORTER'S FIVE FORCE MODEL
- 6.1.1. THREAT OF NEW ENTRANTS
- 6.1.2. THREAT OF SUBSTITUTE
- 6.1.3. BARGAINING POWER OF SUPPLIERS
- 6.1.4. BARGAINING POWER OF BUYERS
- 6.1.5. THREAT OF COMPETITIVE RIVALRY
- 6.2. OPPORTUNITY MATRIX
- 6.3. VENDOR LANDSCAPE
7. GEOGRAPHICAL ANALYSIS
- 7.1. NORTH AMERICA
- 7.1.1. UNITED STATES
- 7.1.2. CANADA
- 7.2. EUROPE
- 7.2.1. UNITED KINGDOM
- 7.2.2. FRANCE
- 7.2.3. ITALY
- 7.2.4. RUSSIA
- 7.2.5. SPAIN
- 7.2.6. GERMANY
- 7.2.7. REST OF EUROPE
- 7.3. ASIA PACIFIC
- 7.3.1. CHINA
- 7.3.2. INDIA
- 7.3.3. JAPAN
- 7.3.4. AUSTRALIA
- 7.3.5. SOUTH KOREA
- 7.3.6. REST OF ASIA PACIFIC
- 7.4. REST OF WORLD
- 7.4.1. LATIN AMERICA
- 7.4.2. MIDDLE EAST & AFRICA
8. COMPANY PROFILES
- 8.1. BASF SE
- 8.2. DOWDUPONT
- 8.3. BAYER AG
- 8.4. AKZONOBEL N.V.
- 8.5. HUNTSMAN CORPORATION
- 8.6. MERCK & CO., INC.
- 8.7. ASHLAND INC.
- 8.8. SASOL LIMITED
- 8.9. KONINKLIJKE DSM N.V.
- 8.10. PPG INDUSTRIES INC.
- 8.11. SOLVAY S.A.
- 8.12. CLARIANT SE