South Africa Specialty Chemicals Market Size & Outlook
The specialty chemicals market in South Africa is expected to reach a projected revenue of US$ 3.7 billion by 2030. A compound annual growth rate of 6% is expected of South Africa specialty chemicals market from 2024 to 2030.
Revenue, 2023 (US$B)
$2.4
Forecast, 2030 (US$B)
$3.7
CAGR, 2024 - 2030
6.4%
Report Coverage
South Africa
South Africa specialty chemicals market, 2018-2030 (US$B)
Related Markets
South Africa specialty chemicals market highlights
- The South Africa specialty chemicals market generated a revenue of USD 2.4 billion in 2023 and is expected to reach USD 3.7 billion by 2030.
- The South Africa market is expected to grow at a CAGR of 6% from 2024 to 2030.
Specialty chemicals market data book summary
| Market revenue in 2023 | USD 2.4 billion |
| Market revenue in 2030 | USD 3.7 billion |
| Growth rate | 6% (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, South Africa accounted for 0.4% 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 Middle East & Africa, South Africa specialty chemicals market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3.7 billion by 2030.
Automotive is the largest manufacturing industry in South Africa and plays a vital role in contributing to the country’s economy, as well as forms a key end user for specialty chemicals in the country. The government of South Africa has introduced a plan to expand the country’s automotive sector and double the number of people employed in the country by 2035. The expansion of automotive industry is expected to create a significant demand for plastic additives, specialty coatings, polymers, and other specialty chemicals in the country.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Specialty Chemicals Market Scope
Specialty chemicals market segmentation & scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa specialty chemicals market size, by product type, 2018-2030 (US$B)
South Africa Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
