Brazil Specialty Chemicals Market Size & Outlook
Brazil specialty chemicals market, 2018-2030 (US$B)
Related Markets
Brazil specialty chemicals market highlights
- The Brazil specialty chemicals market generated a revenue of USD 8.2 billion in 2023 and is expected to reach USD 11.3 billion by 2030.
- The Brazil market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
Specialty chemicals market data book summary
| Market revenue in 2023 | USD 8.2 billion |
| Market revenue in 2030 | USD 11.3 billion |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | |
| Key market players worldwide | Solvay SA, Evonik Industries AG, Clariant AG, Akzo Nobel NV, DuPont de Nemours Inc, Kemira Oyj, Lanxess AG, Croda International PLC, Huntsman Corp, The Lubrizol Corp, Albemarle Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.3% of the global specialty chemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil specialty chemicals market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 11.3 billion by 2030.
Brazil’s food & beverage industry is a major end user of specialty chemicals that has focused increasing efforts in product innovation as per consumers’ demand. Food & beverage industry comprises approximately 35,800 companies, contributing about 10% of the Brazilian GDP.
Continuous efforts to promote food & beverage products and the government’s push to expand the food & beverage industry are expected to augment the demand for specialty chemical products such as printing inks, paper & pulp chemicals, food & feed additives, flavors & fragrances, and others. The Brazilian oil & gas industry is projected to witness a high growth rate owing to the increasing investments from major manufacturers such as the national oil company, Petrobras.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil specialty chemicals market size, by product type, 2018-2030 (US$B)
Brazil Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
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