North America Specialty Chemicals Market Size & Outlook
North America specialty chemicals market, 2018-2030 (US$B)
Related Markets
North America specialty chemicals market highlights
- The North America specialty chemicals market generated a revenue of USD 143.4 billion in 2023.
- The market is expected to grow at a CAGR of 3% from 2024 to 2030.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 143.4 billion |
| Market revenue in 2030 | USD 176.2 billion |
| Growth rate | 3% (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, North America region accounted for 22.4% 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.
North America is the major market for food additives, printing inks, biocides, surfactants, lubricating oil additives, corrosion inhibitors, industrial and institutional cleaners, cosmetic chemicals, and oil field chemicals.
The North America market is characterized by the presence of key specialty chemical producers, such as BASF SE, Akzo Nobel N.V., Ashland, Dow, LANXESS, DSM, Albemarle Corporation, Evonik Industries, and SOLVAY.
Corrosion inhibitors are majorly used in petroleum, water treatment, construction, metal treatment, chemical-manufacturing industry, and in the manufacturing of engineering tools. Furthermore, specialty chemicals are used in the form of additives in the pharmaceutical and nutraceuticals industry.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America specialty chemicals market size, by country, 2018-2030 (US$B)
North America Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
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