North America Specialty Chemicals Market Size & Outlook
North America specialty chemicals market, 2018-2030 (US$M)
Related Markets
North America specialty chemicals market highlights
- The North America specialty chemicals market generated a revenue of USD 236,226.2 million in 2024.
- The market is expected to grow at a CAGR of 4.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 236,226.2 million |
| Market revenue in 2030 | USD 307,321.1 million |
| Growth rate | 4.5% (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 |
| 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, North America region accounted for 24.1% 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 39.87% in 2024. Horizon Databook has segmented the North 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.
North America is the major market for food additives, printing inks, biocides, surfactants, lubricating oil additives, corrosion inhibitors, industrial and institutional cleaners, cosmetic chemicals, and oil field chemicals.
The North America market is characterized by the presence of key specialty chemical producers, such as BASF SE, Akzo Nobel N.V., Ashland, Dow, LANXESS, DSM, Albemarle Corporation, Evonik Industries, and SOLVAY.
Corrosion inhibitors are majorly used in petroleum, water treatment, construction, metal treatment, chemical-manufacturing industry, and in the manufacturing of engineering tools. Furthermore, specialty chemicals are used in the form of additives in the pharmaceutical and nutraceuticals industry.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America specialty chemicals market size, by country, 2018-2030 (US$M)
North America Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)
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