WIN SIVERS DRIVE, OR, UNITED STATES, December 30, 2024 /EINPresswire.com/ -- According to the research report published by Allied Market Research, the global specialty chemicals market size was valued at $711.0 billion in 2019, and is estimated to reach $953.9 billion by 2027, registering a CAGR of 5.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

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Growth in awareness among end-users regarding the benefits of agrochemicals, conservation of genetic material of endangered plant species, and rise in R&D activities drive the growth of the global specialty chemicals market. However, fluctuating cost of raw materials and stringent regulations governing the market hinder the market growth. On the other hand, increase in demand for specialty chemicals from emerging economies and continuous development and production of novel eco-friendly specialty chemicals create new opportunities in the coming years.

Based on type, the pharmaceutical ingredients segment contributed to the largest share in 2019, accounting for nearly one-fifth of the total share, and is estimated to maintain its dominant position during the forecast period. However, the oil field chemicals segment is expected to register the highest CAGR of 5.7% from 2020 to 2027.

The global specialty chemicals market is segmented on the basis of type and region. Depending on type, the market is divided into agrochemicals, flavor ingredients, fragrances ingredients, dyes & pigments, personal care active ingredients, water treatment chemicals, construction chemicals, surfactants, textile chemicals, bio-based chemicals, polymer additives, oil field chemicals, paper & pulp chemicals, electronic chemicals, specialty polymers, pharmaceutical ingredients, and others. Region wise, the specialty chemicals market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on region, Asia-Pacific contributed the highest share, accounting for more than one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, the same region is expected to grow at the highest CAGR of 5.9% from 2020 to 2027. However, North America is expected to grow at the CAGR of 4.5% during the forecast period.

Leading market players analyzed in the research include Albemarle Corporation, Ashland LLC., BASF SE, Bayer AG, Clariant AG, Dow, Inc., Evonik Industries AG, Huntsman International LLC, Lanxess AG, Nouryon, Solvay SA, and Sumitomo Chemical Company.

By Type
Agrochemicals
Flavor Ingredients
Fragrances Ingredients
Dyes & pigments
Personal care active ingredients
Water treatment chemicals
Construction chemicals
Surfactants
Textile chemicals
Bio-based chemicals
Polymer additives
Oil field chemicals
Paper & pulp chemicals
Electronic chemicals
Specialty polymers
Pharmaceutical Ingredients
Others

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Report Key Highlighters:

The Specialty chemicals market study covers 20 countries. The research includes a segment analysis of each country in terms of both value ($million) for the projected period 2020-2027.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Over 3,700 product literature, annual reports, industry statements, and other comparable materials from major industry participants were reviewed to gain a better understanding of the market.
The Specialty chemicals market is highly fragmented, with several players including BASF SE, Dow, Inc., Bayer AG, Evonik Industries AG, Lanxess AG, Solvay SA, Clariant AG, Huntsman International LLC, Albemarle Corporation, Nouryon, Sumitomo Chemical Company, and Ashland LLC. Also tracked key strategies such as acquisitions, product launches, mergers, expansion etc. of the players operating in the UV Curable ink market.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Allied Market Research
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