Executive Summary
The Global Specialty Chemicals Market was valued at USD 778.53 Billion in the year 2020. Specialty Chemicals have a wide range of effects and are used in a variety of industries like automotive, aerospace, food, cosmetics, agriculture, manufacturing, and textiles for products such as adhesives, agrichemicals, cleaning products, colors, cosmetic additives, construction chemicals, elastomers, flavors, food additives, fragrances, industrial gases, lubricants, paints, polymers, surfactants, and textile auxiliaries. In this industry, continuous R&D has aided the development of products with optimal and innovative characteristics and is one of the primary drivers facilitating the expansion of the market.
In addition, improving standards of living in most of the developing countries, trade liberalization, growing demand for electronics, and advancements in process technology are the major factors that boost the growth of the specialty chemical industry. Continuous R&D has supported the creation of products with optimal and innovative attributes in this business and this is one of the major factors driving the market growth.
Moreover, robust growth in the construction sector, increasing demand for cosmetic products, growing investment and production in the increasing electrical and electronics industry output, increasing demand for adhesives and plastics from the packaging industry, and increasing installations of water treatment systems has been driving the Specialty Chemicals market.
Scope of the Report
- The report presents the analysis of Global Specialty Chemicals Market for the historical period 2016-2020 and forecast period of 2021-2026.
Key Target Audience
- Chemical Companies
- Consulting and Advisory Firms
- Government and Policy Makers
- Regulatory Authorities