Lucintel's latest market report analyzed that specialty chemical provides attractive opportunities in the agrochemical, dyes and pigment, construction chemical, specialty polymer, textile chemical, base ingredient, surfactant, functional ingredient, and water treatment markets. The specialty chemical market is expected to reach $879.1 billion by 2028 with a CAGR of 4.9%. In this market, agrochemical is the largest segment by product type.
Based on product type, the specialty chemical market is segmented into agrochemicals, dyes and pigments, construction chemicals, specialty polymers, textile chemicals, base ingredients, surfactants, functional ingredients, water treatment, and others. The agrochemical segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the rising demand for nutritious food among growing population and expanding used of these chemicals to protect crops and high-yield goods.
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The Specialty Chemical Market is marked by the presence of several big and small players. Some of the prominent players offering specialty chemical include Solvay AG, Evonik Industries, Clariant, Akzo Nobel, BASF SE, and KemiraOyj.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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