Bolstered by Growth Projected to Witness in Application Areas of Paints & Coatings and Engineering Thermoplastics, Global Demand for Select Specialty Chemicals Market to Exceed $1 Trillion by 2026

Thursday 13 May 2021

Industry Experts released an updated 2021 version of the report "Select Specialty Chemicals Applications – A Global End-Use Industry Analysis". This new version of market research report reveals that Asia-Pacific is expected to witness the fastest growth during the 2020-2026 analysis period, owing to the robust growth in Engineering Thermoplastics, Nutraceutical Ingredients and Electronic Chemicals growing by over 7% CAGR. The region also withstands pandemic impact with a positive growth in 2020.

The specialty chemicals industry constitutes a fundamental component of a number of global value chains, because of which it has a crucial role to play in achieving sustainability. This has become even more significant in the face of the COVID-19 pandemic that the world is confronting, prompting the sector to invest heavily in stimulus packages.

Accounting for a share of 44.2% in 2020, Cereals & Grains consume the largest quantity of Agrochemicals worldwide, the demand for which is projected to reach US$143.5 billion by 2026 to reflect the fastest 2020-2026 CAGR of 4.9%. Agrochemicals witnessed a positive growth in all application areas in 2020, despite the Pandemic impact.

global specialty chemicals market by application

The report analyzes the market for application areas of Specialty Chemical segments including Adhesives & Sealants – Assembly Operations, Building & Construction, Transportation and Others; Agrochemicals – Cereals & Grains, Fruits & Vegetables and Oilseeds, Pulses & Other Crops; Catalysts – Automotive, Chemical Manufacturing and Industrial; Construction Chemicals – Commercial, Industrial, Infrastructure and Residential; Electronic Chemicals – Printed Circuit Boards (PCBs) and Semiconductors & Integrated Circuits (ICs); Engineering Thermoplastics – Building & Construction, Consumer Goods & Appliances, Electrical & Electronics, Industrial and Transportation; Nutraceutical Ingredients – Animal Nutrition, Dietary Supplements, Functional Foods & Beverages and Personal Care; Paints & Coatings – Automotive, Building & Construction, Industrial, Marine and Others; Specialty Films – Electrical & Electronics, Food & Beverages, Industrial, Medical and Packaging; and Water Treatment Chemicals – Chemical Processing, Food & Beverages, Municipal Water Treatment, Power Generation, Pulp & Paper and Others. The market for applications of each product segment is explored globally and in regional markets for the period 2012-2022.

The market for Select Specialty Chemicals is segmented into five global regions namely, North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 13 more independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Argentina, Brazil and Rest of South America. The market is analyzed in all of these major regions by key county and by select specialty chemical type in terms of value in US$. This report focuses on the comprehensive market analysis of each chemical type by its end-use sector.

This 586 page global select specialty chemicals end-use applications market report includes 528 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. The report profiles 42 key global players and 61 major players across North America – 26; Europe – 21; Asia-Pacific – 12; and Rest of World – 2. The study also provides the listing of the companies engaged in manufacturing and supply of specialty chemicals. The global list of companies covers the address, contact numbers and the website addresses of 240 companies.

California, USA based Industry Experts, Inc is a multi industry focused business information provider.

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