Europe Specialty Chemicals Market Size & Outlook
Europe specialty chemicals market, 2018-2030 (US$B)
Related Markets
Europe specialty chemicals market highlights
- The Europe specialty chemicals market generated a revenue of USD 133.7 billion in 2023.
- The market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 133.7 billion |
| Market revenue in 2030 | USD 162.3 billion |
| Growth rate | 2.8% (CAGR from 2023 to 2030) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 20.8% of the global specialty chemicals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 510.6 billion by 2030.
Europe emerged as a prominent market for specialty chemicals after Asia Pacific. It is characterized by the presence of several developed economies, such as Germany, the UK, France, Switzerland, Russia, and the Netherlands. Innovation and development in the manufacturing industries of the region, especially automotive & transportation, food & beverages, as well as chemical manufacturing, have boosted the growth of specialty polymers, rubber processing chemicals, flavors & fragrances, electronic chemicals, adhesives, plastic additives, coatings, and food additives in the region.
Europe is run by major industrial economies, such as the UK, Germany, France, Italy, Spain, Russia, and others, with an increasing number of manufacturers and various suppliers of electronics, cosmetics, and pharmaceutical products penetrating the regional ecosystem. The presence of major cosmetic manufacturing units drives the demand for specialty chemicals in Europe.
Specialty chemicals used in the manufacturing of cosmetic and personal care products include single-use products category, such as antiperspirants and deodorants, antidandruff agents, sunscreens, hair conditioning polymers, hair setting resins, silicone fluids, and others.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe specialty chemicals market size, by country, 2018-2030 (US$B)
Europe Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
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