The specialty chemicals market share in the US is expected to post an incremental growth of USD 40.48 billion, accelerating at a CAGR of 4.00% during the forecast period. 3M Co., BASF SE, Corteva Inc., DuPont de Nemours Inc., Evonik Industries AG, Exxon Mobil Corp., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman Corp., and LANXESS AG are among the key specialty chemicals market vendors in the US.
The market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, the report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report
The specialty chemicals market in the US is segmented by type (adhesives, electronic chemicals, water treatment chemicals, specialty mining chemicals, and others) and function (specialty coatings, catalysts, specialty pigments, antioxidants, and others). Growing demand for bio-based chemicals is the major specialty chemicals market trend in the US which will positively influence the market growth.
The specialty chemicals market growth in the US by the adhesives segment will be significant during the forecast period. Regardless of adhesives, there are other segments that are contributing to the market growth, and one of them is a surfactant. Factors such as high disposable incomes and rapid urbanization are expected to fuel the demand for soaps and detergents with the rising demand for surfactants.
Technavio's research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Increasing demand for recycled plastics is one of the primary factors driving the growth of the specialty chemicals market in the US. However, the stringent regulations and policies may hamper the market growth.
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