Market revenue in 2024 | USD 53,443.4 million |
Market revenue in 2030 | USD 71,280.5 million |
Growth rate | 4.9% (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 |
Case was the largest segment with a revenue share of 40.5% in 2024. Horizon Databook has segmented the UK 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 UK specialty chemicals market is growing significantly, owing to the increasing utilization of end user industries such as electronic goods among customers. The electronics & electrical application segment accounted for a major share, owing to the increasing consumption of smart appliances and public acceptance of electrical vehicles across the country.
The government’s regulations and policies are one of the significant factors that is driving the growth of the electronic chemicals market, which, in turn, is expected to propel the specialty chemicals market during the projected period. The UK witnesses substantial demand for construction chemicals, owing to growing construction and repairs or alterations of new and existing properties.
After the government’s clearance to continue construction activities in the aftermath of Covid-19 pandemic and related restrictions in England and other developing countries, the construction industry of the country remains strong. Thus, the demand for specialty chemicals and chemicals related to construction is expected to be high over the forecast period.
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