United States Specialty Chemicals Market - Segmented by Product Type, and Application - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The United States specialty chemicals market is expected to witness a moderate growth during the forecast period, 2018 - 2023. The growth of specialty chemicals in the United States is due to the product innovations for construction chemicals, paints & coatings, cosmetic chemical, lubricants & oil additives, plastic additives, etc.

Growing Demand for High-performance Coatings

High-performance coatings are used to improve thermal, wear, and corrosion resistance, along with aesthetical and optical characteristics in materials and structures. Moreover, these coatings are environment-friendly. They are used in power plants and in industries, such as automotive, aerospace, oil & gas, mining, marine, paper & pulp, and architecture & construction. These coatings are used to protect metal materials, tanks, concrete structures, pipes, and processing equipment. Additionally, the power sector has been growing in the last few years and is expected to continue to do so in the future. The United States is expected to increase the investment in the power sector, which is expected to fuel the demand for the high-performance coatings market. This growing demand for the high- performance coatings is fueling the US specialty chemicals market.

Growing Demand for Paints & Coatings

The United States is the second-largest producer of paints & coatings globally, and the market is growing at a moderate rate during the forecast period. The growing infrastructure in the country is the major consumer of architectural coatings, and it is driving the market. Additionally, a rise in home sales, coupled with the renovation of the existing houses, is boosting the demand for residential construction in the United States. Furthermore, the gradual growth of the commercial sector, primarily office space construction, is likely to have a positive impact on the market during the forecast period.


Notable Developments in the Market

  • September 2017: Dow Chemical completed the merger with EI du Pont.
  • September 2017: AkzoNobel finalized the acquisition of French manufacturer Disa Technology. The acquisition strengthens AkzoNobel’s global leadership position in supplying innovative industrial coatings, as well as aerospace and automotive coatings.

Major Players: AkzoNobel N.V., DowDupont, BASF SE, Henkel AG & Co. KGaA, and Evonik Industries AG, amongst others.

Reason to purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To identify the application that is expected to dominate the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary  

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness- Porters Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Policies & Regulations

                3.4 PESTEL Analysis

4. Market Dynamics

                4.1  Drivers

                                4.1.1 Growing Demand for High-performance Coatings

                                4.1.2 Continuous Shale Gas Development Boosting Demand for Polyolefin Catalysts

                                4.1.3 Increasing Demand from End-user Industries

                4.2 Constraints

                                4.2.1 Volatile Crude Oil Prices

                                4.2.2 Stringent Environmental Regulations Governing Specialty Chemicals

                                4.2.3 Strict Surveillance of Phthalate-Based Catalyst

                4.3 Opportunities

                                4.3.1 Growing R&D Activities for the Development of Innovative Products

                                4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth and Forecast)

                5.1 Adhesives & Sealants (Segmented by Technology)

                                5.1.1 Water-borne Adhesives

                                5.1.2 Solvent-borne Adhesives

                                5.1.3 Hot Melt Adhesives

                                5.1.4 Reactive Adhesives

                                5.1.5 Sealant

                5.2 Catalysts (Segmented by Function)

                                5.2.1 Chemical Synthesis Catalysts

                                5.2.2 Petroleum Refining Catalysts

                                5.2.3 Polymerization Catalysts

                5.3 Construction Chemicals (Segmented by Application)

                                5.3.1 Commercial

                                5.3.2 Industrial

                                5.3.3 Infrastructure

                                5.3.4 Residential

                5.4 Cosmetic Chemicals (Segmented by Application)

                                5.4.1 Hair-care

                                5.4.2 Skin-care

                                5.4.3 Oral-care

                                5.4.4 Personal Hygiene

                                5.4.5 Others

                5.5 Dyes, Inks, & Pigments (Segmented by Type)

                                5.5.1 Inks

                                5.5.2 Dyes

                                5.5.3 Organic Pigments

                                5.5.4 Inorganic Pigments

                5.6 Electronic Chemicals (Segmented by Application)

                                5.6.1 Semiconductors & Integrated Circuits

                                5.6.2 Printed Circuit Boards

                5.7 Flavors & Fragrances (Segmented by Type)

                                5.7.1 Flavors

                                5.7.2 Fragrances

                5.8 Food Additives (Segmented by Type)

                                5.8.1 Natural Additives

                                5.8.2 Synthetic Additives

                5.9 Foundry Chemicals (Segmented by Application Sector)

                                5.9.1 Iron & Steel

                                5.9.2 Non Ferrous Metals

                5.10 Industrial & Institutional Cleaners (Segmented by Application)

                                5.10.1 General Purpose Cleaners

                                5.10.2 Floor Care Products

                                5.10.3 Ware-washing Detergents

                                5.10.4 Disinfectants & Sanitizers

                                5.10.5 Laundry Care Products

                                5.10.6 Vehicle Wash Products

                                5.10.7 Hand Cleansers

                5.11 Lubricants & Oil Additives (Segmented by Type)

                                5.11.1 Bio-Based Lubricants

                                5.11.2 Mineral Oil Lubricants

                                5.11.3 Synthetic Lubricants

                                5.11.4 Greases

                5.12 Mining Chemicals (Segmented by Application)

                                5.12.1 Blasting & drilling

                                5.12.2 Mineral Processing

                                5.12.3 Water & waste treatment

                                5.12.4 Others

                5.13 Oilfield Chemicals (Segmented by Type)

                                5.13.1 Biocides

                                5.13.2 Corrosion & Scale Inhibitors

                                5.13.3 Demulsifiers

                                5.13.4 Polymers

                                5.13.5 Surfactants

                5.14 Paints & Coatings (Segmented by Application)

                                5.14.1 Industrial Coatings

                                5.14.2 Architectural Coatings

                                5.14.3 Specialty Coatings

                5.15 Plastic Additives (Segmentation by Plastic Type)

                                5.15.1 Commodity Plastics

                                5.15.2 Engineering and High Performance Plastics

                5.16 Rubber Processing Chemicals (Segmented by Application)

                                5.16.1 Tire

                                5.16.2 Non-Tire

                5.17 Specialty Polymers (Segmentation by Type)

                                5.17.1 Specialty Elastomers

                                5.17.2 Specialty composites

                                5.17.3 Specialty thermoplastics

                                5.17.4 Specialty thermosets

                5.18 Textile Chemicals (Segmented by Application)

                                5.18.1 Apparels

                                5.18.2 Automotive Textiles

                                5.18.3 Geo-textiles

                                5.18.4 Home Furnishing

                                5.18.5 Industrial Textiles

                                5.18.6 Smart-textiles for Military & Defense

                5.19 Water Treatment Chemicals (Segmented by Function)

                                5.19.1 Biocides & Disinfectants

                                5.19.2 Coagulants & Flocculants

                                5.19.3 Corrosion & Scale Inhibitors

                                5.19.4 Defoamers & Defoaming Agents

                                5.19.5 pH Adjusters & Softeners

                                5.19.6 Other Chemicals

6. Competitive Landscape

                6.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

                6.2 Market Share Analysis**

                6.3 Strategies Adopted by Leading Players

7. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)

                7.1 3M

                7.2 A.Schulman

                7.3 AkzoNobel

                7.4 Albemarle Corporation

                7.5 Archroma

                7.6 Ashland Inc.

                7.7 Asian Paints

                7.8 Baker Hughes Inc.

                7.9 BASF SE

                7.10 Berwind (BWA Water Additives)

                7.11 BP Plc

                7.12 Buckman Laboratories Inc.

                7.13 Chemtura Corporation

                7.14 Chevron Corporation

                7.15 Clariant International Ltd

                7.16 ConocoPhillips Co.

                7.17 Covestro

                7.18 Cytec Industries Inc.

                7.19 DowDupont

                7.20 Dulux Group

                7.21 Eastman Chemical Company

                7.22 Ecolab Inc.

                7.23 Emery Oleochemicals Group

                7.24 Evonik Industries AG

                7.25 Exxon Mobil Corporation

                7.26 Ferro Corporation

                7.27 GE Water and Process Technologies

                7.28 H.B. Fuller

                7.29 Halliburton

                7.30 Henkel AG & Co. KGaA

                7.31 Hexion

                7.32 Huntsman International

                7.33 INEOS

                7.34 Johnson & Johnson

                7.35 Lonza Group Ltd.

                7.36 L'Oréal

                7.37 Merck KGaA

                7.38 Nippon Paints

                7.39 Procter & Gamble Company

                7.40 Schlumberger Ltd

                7.41 Royal Dutch Shell

                7.42 W.R. Grace & Co.

                7.43 Total SA

                7.44 Solvay SA

                7.45 Sika AG

                7.46 Unilever

                 *List not exhaustive

8. Disclaimer

** Subject to availability on public domain

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