UK Specialty Chemicals Market Size & Outlook, 2023-2030
UK specialty chemicals market, 2018-2030 (US$B)
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UK specialty chemicals market highlights
- The UK specialty chemicals market generated a revenue of USD 24.7 billion in 2023 and is expected to reach USD 27.9 billion by 2030.
- The UK market is expected to grow at a CAGR of 1.8% from 2024 to 2030.
Specialty chemicals market data book summary
| Market revenue in 2023 | USD 24.7 billion |
| Market revenue in 2030 | USD 27.9 billion |
| Growth rate | 1.8% (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, UK accounted for 3.8% 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.
The UK specialty chemicals market is growing significantly, owing to the increasing utilization of end user industries such as electronic goods among customers. The electronics & electrical application segment accounted for a major share, owing to the increasing consumption of smart appliances and public acceptance of electrical vehicles across the country.
The government’s regulations and policies are one of the significant factors that is driving the growth of the electronic chemicals market, which, in turn, is expected to propel the specialty chemicals market during the projected period. The UK witnesses substantial demand for construction chemicals, owing to growing construction and repairs or alterations of new and existing properties.
After the government’s clearance to continue construction activities in the aftermath of Covid-19 pandemic and related restrictions in England and other developing countries, the construction industry of the country remains strong. Thus, the demand for specialty chemicals and chemicals related to construction is expected to be high 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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UK specialty chemicals market size, by product type, 2018-2030 (US$B)
UK Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
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