According to the research report titled ‘Global Specialty Chemicals Market (2022 Edition) - Analysis By Type, End User, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)’, available with MarketStudyReport, global specialty chemicals market was worth USD 778.53 billion in the year 2020 and is expected to exhibit significant development during 2021-2026.

Expansion of the construction sector, soaring demand for cosmetics products, and surging investments employed for the increased production of electronics are determinants driving the growth of global specialty chemicals market.

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Moreover, widespread application of the product in sectors like agriculture, textiles, manufacturing, etc. for making products like paints, lubricants, surfactants among others iw likely to generate lucrative avenues for businesses in this line of work during the review period.

Besides, rise in the R&D activities leading to optimal and innovative products, extensive demand in plastics & packaging industry for adhesives, and increasing installations of water treatment systems are further accelerating the progress of the industry.

In addition to this, intensive advancements in process technology, trade liberalization among countries, and improved standards of living in developing nations are contributing substantially towards the augmentation of worldwide global specialty chemicals industry size.

In terms of product type, the marketplace is categorized into pharmaceutical chemicals, construction chemicals, dyes & pigments, agrochemicals, homecare ingredients and others. Based on end-user ambit, the business sphere is classified into automotive, agriculture, construction, and others.

Concerning the regional landscape, North America (Canada, U.S.), Latin America & Middle East & Africa (LAMEA) Asia Pacific (India, Japan, South Korea), and Europe (France, UK, Germany, Italy) are analyzed to understand industry trends.

The key players in global specialty chemicals marketplace are Evonik Industries AG, Solvay S.A., Albemarle Corporation, Ashland Inc., Bayer AG, Huntsman Corporation, Dow Chemical Company, Clariant AG, BASF SE, and AkzoNobel N.V. among others.