U.S. Specialty Chemicals Market Size & Outlook, 2024-2030
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U.S. specialty chemicals market highlights
- The U.S. specialty chemicals market generated a revenue of USD 181,634.3 million in 2024 and is expected to reach USD 237,221.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.6% from 2025 to 2030.
- In terms of segment, case was the largest revenue generating industry in 2024.
- Institutional & Industrial Cleaners is the most lucrative industry segment registering the fastest growth during the forecast period.
Specialty chemicals market data book summary
| Market revenue in 2024 | USD 181,634.3 million |
| Market revenue in 2030 | USD 237,221.3 million |
| Growth rate | 4.6% (CAGR from 2025 to 2030) |
| Largest segment | Case |
| Fastest growing segment | Institutional & Industrial Cleaners |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CASE, Institutional & Industrial Cleaners, Rubber Processing Chemicals, Food & Feed Additives, Cosmetic Chemicals, Oilfield Chemicals, Specialty Pulp & Paper Chemicals, Specialty Textile Chemicals, Water Treatment Chemicals, Construction Chemicals, Electronic Chemicals, Mining Chemicals, Pharmaceutical Additives, Other Industries |
| 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, U.S. accounted for 18.6% of the global specialty chemicals market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. specialty chemicals market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 237,221.3 million by 2030.
Case was the largest segment with a revenue share of 40.5% in 2024. Horizon Databook has segmented the U.S. specialty chemicals market based on case, institutional & industrial cleaners, rubber processing chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, construction chemicals, electronic chemicals, mining chemicals, pharmaceutical additives, other industries covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for food & beverage products in the country is expected to bolster the demand for food additives. According to a report by the U.S. Committee for Economic Development, the food and beverage industry comprises approximately 27,000 companies. This sector contributed nearly 5% to the Gross Domestic Product (GDP) of U.S.
Future growth opportunities are expected to exist in various application segments, including water treatment, automobile, as well as the electronics market. Furthermore, rising demand for detergents, personal care products, cleaning products, and crop protection chemicals is expected to fuel the demand for specialty chemicals over the forecast period.
The major growth driver of the global specialty chemicals market is the rising demand for consumer electronics goods across the country. The growth of consumer electronics is increasing the consumption of semiconductor devices for advanced processes, which are used in communications, transportation, computing, defense, healthcare, clean energy, and emerging technologies, such as flat panel displays, leading to an increase in demand for the specialty chemicals market.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kemira Oyj | View profile | 4690 | Energiakatu 4, P.O. Box 330, Helsinki, Finland, FI-00180 | https://www.kemira.com |
| Croda International PLC | View profile | 5852 | Cowick Hall, Snaith, Goole, East Yorkshire, United Kingdom, DN14 9AA | https://www.croda.com |
| Albemarle Corp | View profile | 9000 | 4250 Congress Street, Suite 900, Charlotte, NC, United States, 28209 | https://www.albemarle.com |
| Clariant AG | View profile | 10481 | Rothausstrasse 61, Muttenz, Switzerland, 4132 | http://www.clariant.com |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
US Industry - Specialty Chemicals Market size, 2024 - 2030 (US$M)
U.S. Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)
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