Latin America Specialty Chemicals Market Size & Outlook

The specialty chemicals market in Latin America is expected to reach a projected revenue of US$ 84,805.4 million by 2030. A compound annual growth rate of 4.4% is expected of Latin America specialty chemicals market from 2025 to 2030.
Revenue, 2024 (US$M)
$65,591.2
Forecast, 2030 (US$M)
$84,805.4
CAGR, 2025 - 2030
4.4%
Report Coverage
Latin America

Latin America specialty chemicals market highlights

  • The Latin America specialty chemicals market generated a revenue of USD 65,591.2 million in 2024.
  • The market is expected to grow at a CAGR of 4.4% from 2025 to 2030.
  • In terms of segment, case was the largest revenue generating industry in 2024.
  • Pharmaceutical Additives is the most lucrative industry segment registering the fastest growth during the forecast period.
  • Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.

Latin America data book summary

Market revenue in 2024USD 65,591.2 million
Market revenue in 2030USD 84,805.4 million
Growth rate4.4% (CAGR from 2025 to 2030)
Largest segmentCase
Fastest growing segmentPharmaceutical Additives
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCASE, 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 worldwideSolvay 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, Latin America region accounted for 6.7% of the global specialty chemicals market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Europe is the fastest growing regional market and is projected to reach USD 407,354.8 million by 2030.

Case was the largest segment with a revenue share of 38.11% in 2024. Horizon Databook has segmented the Latin America 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 economies in the Central & South American region are expected to experience growing consumption of food & beverage offerings produced by the usage of additives. The favorable regulatory scenario as well as changing consumer eating habits in the region have had a positive effect on the region’s specialty chemicals market. The steady economic growth along with a growing middle class in countries like Brazil, Argentina, Peru, Chile, and others is changing the lifestyle patterns in the region towards a more consumption driven market.

These factors have led to a robust growth in the consumption of high-end food & beverage products such as desserts, carbonated drinks, and bakery products. Moreover, the presence of major producers in the Central & South America region, such as General Mills, Cargill, Incorporated, and Kraft Foods, is expected to surge the demand for specialty chemicals in the region over the forecast period.

Automotive, transportation, chemical processing, and construction are expected to be the other key consumers of specialty polymers, coatings, adhesives, sealants, plastic additives, and lubricants in the region. Major manufacturers of synthetic lubricants in Central & South America are Exxon Mobil Corporation, Royal Dutch Shell plc and Petrobras.

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Specialty Chemicals Market Scope

Specialty chemicals market segmentation & scope

Specialty Chemicals Market Companies

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Latin America specialty chemicals market size, by country, 2018-2030 (US$M)

Latin America Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)

Latin America specialty chemicals market size, by country, 2018-2030 (US$M)

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