The specialty chemicals market is expected to witness marvellous growth during forecast period. The market growth can be recognised to increasing demand from end-use productions such as pharmaceuticals, agriculture, pulp and paper, and personal care and cosmetics among others. Agrochemicals are expected to show high growth due to their increased demand across the globe especially in agriculturally driven countries such as India. India is one of the main agrochemical producers after the U.S., and China. Globally, herbicides constitute the largest part of the Specialty Chemicals Market, which is accounting for 45% of the total consumption of the specialty chemical.

Data Bridge Market Research analyses that the specialty chemical market was valued at USD 788.96 billion in 2021 and is expected to reach USD 1196.19 billion by 2029, registering a CAGR of 5.34 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

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Scope of the Specialty Chemical Market Report: 

The specialty chemical market is segmented on the basis of function, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Function

• Antioxidants
• Biocide
• Surfactants
• Others

 Product

• Coating
• Agrochemicals
• Electronic Chemicals
• Construction Chemicals
• Speciality Polymers & Resins
• Flavours Ingredients
• Fragrances Ingredients
• Dyes and Pigments
• Personal Care Active Ingredient
• Water Treatment Chemical
• Surfactants
• Textile Chemicals
• Bio-Based Chemicals
• Polymer Additives
• Oil Field Chemicals
• Paper and Pulp Chemicals
• Pharmaceutical Industries
• Others

Application

• Automotive
• Construction
• Agriculture
• Industrial Manufacturing
• Consumer Goods
• Others

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Some of the major players operating in the specialty chemical market are:

• Henkel Adhesives Technologies India Private Limited (Germany)
• BASF SE (Germany)
• AkzoNobel N.V. (Netherlands)
• Evonik Industries AG (Germany)
• Clariant (Switzerland)
• Huntsman International LLC (U.S.)
• Dow (U.S)
• Albemarle Corporation (U.S.)
• Ashland Inc. (U.S.)
• The Lubrizol Corporation (US)
• Croda International Plc (UK)
• Kemira Oyj (Finland), (Netherlands)
• LANXESS AG (Germany)
• Solvay (Belgium)
• Nouryon (Netherland)
• Sumitomo Chemical (Japan)
• Ashland LLC (US)
• Dupont (US)
• PPG (US)
• H.B Fuller Company (US)
• Dymaxn (US)
• Ferro Corporation (US)
• Uniseal Inc (US)

Specialty Chemical Market Regional Analysis/Insights

The Specialty Chemical market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Specialty Chemical market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Specialty Chemical within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Specialty Chemical market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.