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Specialty Chemicals Market Size by End-user and by Geography | Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2024 | Technavio

·6-min read

The global specialty chemicals market size is expected to grow by USD 118.22 billion during 2020-2024, progressing at a CAGR of almost 3% during the forecast period.

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Technavio has announced its latest market research report titled Global Specialty Chemicals Market 2020-2024 (Graphic: Business Wire)

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The increasing demand from the agrochemical industry is one of the major factors propelling market growth. However, factors such as stringent regulations and policies will hamper market growth.

The growing world population and the declining arable land have led to an increasing focus on raising crop yields. The lack of proper food storage infrastructure and the inefficient distribution of food grains have also made it necessary to increase crop yields. This has encouraged specialty chemical companies to develop various yield-enhancing agrochemicals. The increasing awareness among farmers regarding agrochemicals will provide high growth opportunity for the vendors in the market. Hence, the rising demand for food and the decreasing amount of land for crop cultivation, especially in developing countries, will propel the use of agrochemicals for the improvement of farm yields and the reduction of crop loss.

More details: www.technavio.com/report/specialty-chemicals-market-industry-analysis

Global Specialty Chemicals Market: End-user Landscape

Agrochemicals not only help to produce healthy crops but also ensure the safety of crops from pests. The growth of modern-day cultivation such as floriculture and horticulture, increasing literacy among farmers, and the rising awareness about the use of pesticides and fertilizers in major agriculture-focused countries are driving the growth of the agrochemicals segment. However, market growth in this segment will be slower than the growth of the market in the industrial and institutional cleaners, electronic chemicals, adhesives and sealants, food additives, and construction chemicals segments.

Global Specialty Chemicals Market: Geographic Landscape

APAC was the largest specialty chemicals market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Rapid industrialization and the increasing demand for agrochemicals, plastic additives, food additives, and adhesives and sealants will significantly drive specialty chemicals market growth in this region over the forecast period. 44% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for specialty chemicals in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

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Companies Covered

  • Albemarle Corp.

  • BASF SE

  • Clariant International Ltd.

  • Evonik Industries AG

  • Henkel AG & Co. KGaA

  • Huntsman Corp.

  • Nouryon Chemicals Holding BV

  • Saudi Basic Industries Corp.

  • Solvay SA

  • Dow Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, till 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

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Specialty Chemicals Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist in specialty chemicals market growth during the next five years

  • Estimation of the specialty chemicals market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the specialty chemicals market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of specialty chemicals market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • Agrochemicals - Market size and forecast 2019-2024

  • Lubricant and oilfield chemicals - Market size and forecast 2019-2024

  • Industrial and institutional cleaners - Market size and forecast 2019-2024

  • Electronic chemicals - Market size and forecast 2019-2024

  • Adhesives and sealants - Market size and forecast 2019-2024

  • Food additives - Market size and forecast 2019-2024

  • Polymers and plastic additives - Market size and forecast 2019-2024

  • Surfactants - Market size and forecast 2019-2024

  • Construction chemicals - Market size and forecast 2019-2024

  • Textile chemicals - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Albemarle Corp.

  • BASF SE

  • Clariant International Ltd.

  • Evonik Industries AG

  • Henkel AG & Co. KGaA

  • Huntsman Corp.

  • Nouryon Chemicals Holding BV

  • Saudi Basic Industries Corp.

  • Solvay SA

  • Dow Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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