Global $ 844 billion specialty chemicals markets by 2027

Dublin, 15 February 2021 (GLOBE NEWSWIRE) – The “Report on market size for specialty chemicals, share and trend analysis by product (institutional and industrial cleaning agents, flavors and fragrances, food and feed additives), by region and forecasts for segments, 2020 – 2027” the report has been added to ResearchAndMarkets.com’s offer.

The global market size of specialty chemicals is expected to reach $ 844.2 billion. In 2027 and expand with a CAGR of 3.7% in the forecast period.

Higher performance achieved through the use of specialty chemicals compared to their conventional counterparts is expected to be one of the key market growth factors.

According to the European Chemical Industry Council (Cefic), specialty chemicals accounted for more than 25.0% of total production in the EU region in the 2018 financial year.

Increasing disposable income, growing awareness, health care costs, construction costs, infrastructure development and population growth are factors that are likely to increase product sales across end-use industries such as construction, personal care and cosmetics, pharmaceuticals and food, food, automotive, and electronics.

It is also expected to be accelerated by the growing consumer demand for energy, which has driven product consumption in the end use of oil and gas.

Participation in R&D together with new and innovative product launches is one of the factors that drives intense competition among the players. Adherence to national and international standards for sustainable production and distribution along with the acquisition of certifications such as USDA and GMP is one of the biggest concerns among the manufacturers involved in domestic as well as offshore companies.

Trade freezes, supply chain disruptions and industrial shutdowns caused by the impact of COVID-19 in some of the major economies such as the US, Iran and China are likely to add to the 2020 industrial challenge.

Market Report for Specialty Chemicals Highlights

  • Production capacity expansion among manufacturers together with their focus on the use of high-performance ingredients is expected to be the most important market growth factors

  • Asia Pacific is expected to remain one of the leading markets and holds a value share of 46.8% for electrical and electronic products due to China’s dominance in terms of production capacity

  • Significant growth opportunities are expected within product segments with nutrients, flavors and fragrances

  • Increasing awareness of healthy lifestyles and the benefits of natural and plant-based ingredients are the factors expected to promote the demand for pharmaceutical and nutraceutical additives

  • The customized product offering for the target customer is expected to expand the manufacturers’ product portfolio

  • Business strategies, including R & D investment, innovation and strategic alliance with other players to increase product penetration and profit margins, are likely to witness more in the forecast period.

Key topics addressed:

Chapter 1 Method and scope

Chapter 2 Summary

Chapter 3 Market for specialty chemicals: variables, trends and scope
3.1 Market Lineage Outlook
3.1.1 Market outlook for chemicals
3.2 Mapping penetration and growth prospects
3.3 Analysis of the industry value chain
3.3.1 Raw material trends
3.3.2 Production trends
3.3.3. List of important end users
3.4 Technology predictions
3.5 Regulatory framework
3.6 Market dynamics
3.6.1 Analysis of market drivers
3.6.2 Market restriction analysis
3.6.3 Industrial challenges
3.7 Business environment analysis
3.7.1 Industrial Analysis – Porter’s
3.7.2 PESTEL analysis

Chapter 4 Market for specialty chemicals: product estimates and trend analysis
4.1 Product Movement Analysis and Market Share, 2019 and 2027 (Billion USD)
4.2 Market size & forecasts for specialty chemicals and trend analysis, by product, 2016 – 2027 (USD billion)
4.2.1. Special polymers
4.2.2. Institutional and industrial cleaners
4.2.3. Electronic chemicals
4.2.4. Rubber processing chemicals
4.2.5. Flavors and scents
4.2.6. Building chemicals
4.2.7. Food & feed additives
4.2.8. Cosmetic chemicals
4.2.9. Oilfield chemicals
4.2.10. Mining chemicals
4.2.11. Pharmaceutical and nutritional additives
4.2.12. Plastic additives
4.2.13. Printing ink
4.2.14. CASE (coatings, adhesives, sealants and elastomers)
4.2.15. Specialty chemicals for pulp and paper
4.2.16. Special textile chemicals
4.2.17. Catalysts
4.2.18. Water Treatment Chemicals
4.2.19. Corrosion inhibitors
4.2.20. Flame retardants
4.2.21. Others

Chapter 5 Market for specialty chemicals: regional estimates and trend analysis
5.1 Special Chemicals Regional Motion Analysis and Market Share, 2019 and 2027 (USD billion)
5.1.1 Market size and forecasts for global specialty chemicals and trend analysis, by region, 2016 – 2027 (USD billion)

Chapter 6 Competitive Landscape
6.1. Key company / competition categorization (key innovators, market leaders and new players)
6.2. Supplier landscape
6.3. List of key distributors and channel partners
6.4. Strategy framework

Chapter 7 Company Profiles

For more information on this report visit https://www.researchandmarkets.com/r/6rcnk7

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