France Specialty Chemicals Market Size & Outlook
France specialty chemicals market, 2018-2030 (US$B)
Related Markets
France specialty chemicals market highlights
- The France specialty chemicals market generated a revenue of USD 17.1 billion in 2023 and is expected to reach USD 20.2 billion by 2030.
- The France market is expected to grow at a CAGR of 2.4% from 2024 to 2030.
Specialty chemicals market data book summary
| Market revenue in 2023 | USD 17.1 billion |
| Market revenue in 2030 | USD 20.2 billion |
| Growth rate | 2.4% (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, France accounted for 2.7% 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 Europe, Germany specialty chemicals market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 20.2 billion by 2030.
In 2022, the French government announced its plans to boost the electronics sector under its “France 2030” action plan. This factor has created opportunities for the production of electronic & electrical components, semiconductors, and lithium batteries in the country, which is expected to propel the market for electronic chemicals over the forecast period.
The French oil & gas industry has grown significantly in the past two decades. The industry is witnessing high growth, due to product innovation by companies, such as Technip, Total, Engie, IFPen, and IFREMER. The presence of companies involved in the manufacturing of refined petroleum products and specialty chemicals has aided market growth, owing to the growing exports of these products.
The presence of industries that export industrial and commercial goods across Europe is expected to contribute to market growth over the forecast period.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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France specialty chemicals market size, by product type, 2018-2030 (US$B)
France Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
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