Germany Specialty Chemicals Market Size & Outlook

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.