The global specialty chemicals market is expected to grow by USD 383.2 billion from 2025 to 2029, with a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. The market growth is driven by increasing demand for specialty chemicals from the agrochemical industry, particularly the use of bio-based chemicals. However, stringent regulations and policies towards specialty chemicals pose a challenge to the market.
The report covers the following segments: Agrochemicals, Lubricant and Oilfield Chemicals, Adhesives and Sealants, Industrial and Institutional Cleaners, and Others. The Type segment includes Plasticizers, Water-based, Coagulants and Flocculants, and Scale Inhibitors, while the Geography segment covers APAC, North America, Europe, South America, and Middle East and Africa.
Key market players include Albemarle Corp., Ashland Inc., BASF SE, and others. The report highlights the impact of AI on market evolution, stating that the shift towards sustainable and eco-friendly chemicals is driving the global specialty chemicals market. Additionally, the report provides insights into the market challenges, drivers, and trends, as well as company analysis and market size forecast.