Germany Specialty Chemicals Market Size & Outlook
Germany specialty chemicals market, 2018-2030 (US$B)
Related Markets
Germany specialty chemicals market highlights
- The Germany specialty chemicals market generated a revenue of USD 31.2 billion in 2023 and is expected to reach USD 36.2 billion by 2030.
- The Germany market is expected to grow at a CAGR of 2.1% from 2024 to 2030.
Specialty chemicals market data book summary
| Market revenue in 2023 | USD 31.2 billion |
| Market revenue in 2030 | USD 36.2 billion |
| Growth rate | 2.1% (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, Germany accounted for 4.9% 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.
Specialty chemicals demand in Germany in terms of revenue is expected to increase over the forecasted period, due to the growing demand for additives, printing inks, coatings, and others in the automotive, food, and wood coating applications. The key market players in the region, including BASF SE, Lanxes, and Evonik Industries AG, are the largest producers of specialty chemicals in the country.
Manufacturers are introducing new and advanced products across their specialty chemicals portfolio, investing in the expansion of their existing or new production lines to cater to customers’ surging demand for specialty chemicals. Expansion of end-user industries is a key characteristic of the specialty chemicals market in Germany.
For instance, in January 2024, Evonik Industries AG began to increase production capacity at its polybutadiene production plant in Marl, Germany. The company expects to benefit from supply security in the case of raw materials for producing POLYVEST. Expansions like these are expected to increase the consumption of rubber processing chemicals in the region as a result of growth in end-user industries.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany specialty chemicals market size, by product type, 2018-2030 (US$B)
Germany Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
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