Specialty Chemicals Fundamental

摘要

Specialty chemicals impact the performance of products they are used to manufacture, either during processing or when in use. Whether single compounds or mixtures of chemicals, specialty chemicals exhibit unique functionality that can benefit many different types of end uses, such as biocides, or are designed for use in a particular market segment, such as paints and coatings. In 2018, the five largest specialty chemicals segments-specialty polymers, industrial and institutional cleaners, electronic chemicals, surfactants, and flavors and fragrances-accounted for 37% of the global market, while the 10 largest segments accounted for 63% of total annual specialty chemicals sales, according to IHS Markit. Overall, Grand View Research estimates the global specialty chemicals market is expanding at a compound annual growth rate (CAGR) of 3.7% (2016-2027) and predicts it to reach a value of $844.2 billion in the forecast period.