According to a recent 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 amassed USD 778.53 billion and is predicted to witness substantial gains b 2026.

The growth of the global specialty chemicals market is predominantly affected by rise in the construction activities, increasing supply for cosmetic products, growing investment and production in the electronics sector, high demand for adhesives and plastics, improving standards of living, and trade liberalization.

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Adhesives, agrichemicals, cleaning products, colors, personal care products, construction chemicals, flavors, food products, fragrances, industrial gases, lubricating oils, paints, polymers, and textile auxiliaries are some of the products in which specialty chemicals are used for industries such as automotive, aerospace, food, beauty products, agriculture, manufacturing, and textiles.

Continuous research & development activities have resulted in widespread adoption of advanced technologies and innovative product launches, thereby stimulating the overall industry outlook.

Global specialty chemicals marketplace has been segmented on the basis of the type, end-user spectrum, and regional landscape. By type, the market is differentiated into agrochemicals, dyes & pigments homecare ingredients, pharmaceutical chemicals, construction chemicals, and others.

The end-user landscape of this industry vertical is bifurcated in terms of construction, agriculture, automotive, and others segments.

The regional landscape of the global specialty chemicals market extends to Asia Pacific, Europe, the Middle East & Africa, Latin America, and North America.

The leading companies operating in the global specialty chemicals industry are defined by companies such as Huntsman Corporation, Ashland Inc., Evonik Industries AG, Clariant International Limited, Albemarle Corporation, BASF SE, Akzo Nobel N.V., Dow Chemical Company, Solvay S.A., and Bayer AG.