Global Specialty Chemicals Market Size & Outlook
Global specialty chemicals market, 2018-2030 (US$M)
Related Markets
Global specialty chemicals market highlights
- The global specialty chemicals market generated a revenue of USD 978,973.1 million in 2024 and is expected to reach USD 1,312,777.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5% by 2030.
- In terms of segment, case accounted for a revenue of USD 381,080.9 million in 2024.
- Institutional & Industrial Cleaners is the most lucrative industry segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 978,973.1 million |
| Market revenue in 2030 | USD 1,312,777.3 million |
| Growth rate | 5% (CAGR from 2025 to 2030) |
| Largest segment | Case |
| Fastest growing segment | Institutional & Industrial Cleaners |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CASE, Institutional & Industrial Cleaners, Rubber Processing Chemicals, Food & Feed Additives, Cosmetic Chemicals, Oilfield Chemicals, Specialty Pulp & Paper Chemicals, Specialty Textile Chemicals, Water Treatment Chemicals, Construction Chemicals, Electronic Chemicals, Mining Chemicals, Pharmaceutical Additives, Other Industries |
Other key industry trends
- In terms of revenue, the North America accounted for 24.1% of the global specialty chemicals market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 89,203.3 million by 2030.
Case was the largest segment with a revenue share of 38.93% in 2024. Horizon Databook has segmented the Global specialty chemicals market based on case, institutional & industrial cleaners, rubber processing chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, construction chemicals, electronic chemicals, mining chemicals, pharmaceutical additives, other industries covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is highly consumer-driven, led by categories such as electronics chemicals, personal electronics, and pharmaceuticals, among others. Increasing demand for processed food beverages in the developed countries has driven the demand for flavoring agents. Chemicals such as sodium hypochlorite, hydrochloric acid, and others are widely employed in the manufacturing of industrial and institutional cleaners.
Growing use of these cleaners in various industries is expected to have a positive impact on the market over the forecast period. Pharmaceutical additives are employed in Over the Counter (OTC) drug production, and other pharmaceutical products to impart specific qualities in the productions. They find application in various end-use industries such as personal care products, cosmetics, and others. Continuous growth in these sectors is expected to benefit industry participants.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global specialty chemicals market size, by regions, 2018-2030 (US$M)
Top 10 countries: Specialty chemicals market size, 2024 (US$M)
Global specialty chemicals market share, by industry, 2024 & 2030 (%, US$M)
Specialty chemicals market: Opportunity assessment by country
Global specialty chemicals market, by region, 2024 (US$M)
Related regional statistics
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