Canada Specialty Chemicals Market Size & Outlook
Canada specialty chemicals market, 2018-2030 (US$M)
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Canada specialty chemicals market highlights
- The Canada specialty chemicals market generated a revenue of USD 32,811.8 million in 2024 and is expected to reach USD 42,318.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.3% from 2025 to 2030.
- In terms of segment, case was the largest revenue generating industry in 2024.
- Institutional & Industrial Cleaners is the most lucrative industry segment registering the fastest growth during the forecast period.
Specialty chemicals market data book summary
| Market revenue in 2024 | USD 32,811.8 million |
| Market revenue in 2030 | USD 42,318.1 million |
| Growth rate | 4.3% (CAGR from 2025 to 2030) |
| Largest segment | Case |
| Fastest growing segment | Institutional & Industrial Cleaners |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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 |
| Key market players worldwide | Solvay SA, Evonik Industries AG, Clariant AG, Akzo Nobel NV, DuPont de Nemours Inc, Kemira Oyj, Lanxess AG, Croda International PLC, Huntsman Corp, The Lubrizol Corp, Albemarle Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 3.4% of the global specialty chemicals market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. specialty chemicals market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 237,221.3 million by 2030.
Case was the largest segment with a revenue share of 38.17% in 2024. Horizon Databook has segmented the Canada 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.
Sales of semiconductors in China are majorly driven by the increasing demand from the electronics industry. A push to grow the market by the government as well as a surge in demand for semiconductors for cellphones and laptops, solar cells is expected to propel the electronic chemicals market over the coming years.
The automotive industry is anticipated to witness a high growth rate in the country, as the new era of digitalization in the industry has prompted sales of intelligent & connected cars with highly integrated system technology that provides greater safety as well as comfort features for consumers. The market in Canada is expected to exhibit an increased demand for lubricating oil additives, due to their use in various end-user industries, such as automobiles, chemical processing, and industrial processes.
In the automotive industry, lubricants are used to boost engine performance and help enhance the life of engines used in automotive vehicles. Lubricants are expected to benefit from the rise in highmaintenance automobiles, especially in Canada, as consumers are increasingly opting for advanced passenger cars. These factors are anticipated to propel the consumption of additives, adhesives, and composites in automotive applications that are necessary to enhance the performance of the vehicle.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada Industry - Specialty Chemicals Market size, 2024 - 2030 (US$M)
Canada Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)
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