Performance Chemicals Market Synopsis

The Performance Chemicals market estimated at USD 272.6 Billion in the year 2022, is projected to reach a revised size of USD 402.75 Billion by 2030, growing at a CAGR of 5% over the analysis period 2023-2030.

Performance chemicals are also known as effect or specialty chemicals. Essential oils, castor oil, gelatin, and collagen are among the most popular types. These compounds are known as specialties because, unlike other fine and commodity chemicals, they are produced in smaller quantities and have limited applications.

  • Increasing demand for eco-friendly products will impact the market growth rate for performance chemicals. The availability of skilled labor is the driving force behind market expansion. Increasing investment in research and development will also increase demand for the performance chemicals market.
  • The market for performance chemicals is also being driven by significant factors such as an increase in disposable income and urbanization. In addition, the increase in demand for green and biochemical solutions will boost the market growth rate for performance chemicals. In addition, rising industrialization will have a significant impact on the expansion of the performance chemicals market.
  • The growth rate of the performance chemicals market will be influenced favorably by technological progress and rising demand from developing nations.

Performance Chemicals Market

The Performance Chemicals Market Trend Analysis

Significantly Increasing Production of Performance Chemicals by Various End-Users to Enhance Product Quality

  • In recent years, performance chemicals have gained immense popularity among a broad range of end-users, including oil and gas, pulp and paper, personal care and cosmetics, and others. Essential oils, gelatin, castor oil, and collagen are examples of popular high-performance chemicals that are in high demand among end-user industries.
  • The reason for the product's significant growth among various end-users is its limited production volume, which serves only a few applications, unlike the rest of the fine and commodity chemicals.
  • With a high demand for adhesives, lubricants, paints, and coatings for weight reduction and cost-saving end-Uses, for instance, the automotive industry is anticipated to continue to be a lucratively expanding market for performance chemicals.
  • In addition, the demand for pharmaceuticals and nutraceuticals as end-use products has been fuelled by increasing customer awareness and acceptance of a healthier lifestyle. Increasing discretionary income is causing consumers to pay more attention to personal care, which is anticipated to increase demand for products in the personal care and cosmetics end-use categories which creates the demand for performance chemicals.

Increasing Investment in The Formation of Advanced Technologies Like Nanotechnology

  • Innovation and R&D are among the most promising growth opportunities due to the fact that consumers drive demand. The efforts of manufacturers to provide creative and customized product offerings for specific applications and to meet the needs of specific customers have fueled research and development, leading to the creation of innovative specialty chemicals and the expansion of the market.
  • Major agrarian nations such as China, India, the United States, and others have increased their use of agrochemicals in recent years. This would almost certainly boost sales in the industry of performance chemicals.
  • In addition, the chemical industry utilizes IoT to collect and store operational data and to streamline processes. The Internet of Things facilitates the management of material quality, asset performance, and worker safety.
  • The acquired data simulates and predicts maintenance recommendations for asset life extension. Using sensor measurements, operators can avoid overheating, thereby preventing unscheduled shutdowns and production losses.
  • The Internet of Things brings together original equipment manufacturers (OEMs), operators, and service providers on a single platform. This brings unprecedented transparency to performance chemical supply chains, making it a leading trend in the chemical industry. Henceforth, these innovative technologies create an opportunity for the performance chemicals market during the forecast year.

Segmentation Analysis Of The Performance Chemicals Market

Performance Chemicals market segments cover the Type, application, and end-users. By End-Users, the chemical industry segment is Anticipated to Dominate the Market Over the Forecast period.

  • The segment's growth is largely driven by the decline in arable land per capita and the rising global demand for food.
  • Global population growth is accelerating. This growing population increases the demand for food. Providing food for this continuously expanding population is becoming a threat. On the other hand, due to industrialization and urbanisation, arable land is diminishing. Fertilizers have been utilised for a long time to increase crop yield, thereby increasing the demand for agrochemicals over the forecast period.
  • Global demand for food and cash crops is expected to increase as a result of rising per capita income and a growing population. According to the FAO, the food demand in the United States will increase by 50 to 90% by 2050.
  • The Food and Agriculture Organization of the United Nations (FAO) and the International Food Policy Research Institute (IFPRI) have projected that global food demand will increase by 2050. According to FAO projections, global food demand may increase by 70% by 2050, with the majority of the projected increase attributable to rising consumer incomes in Asia-Pacific, Eastern Europe, and Latin America.
  • In addition, micronutrient fertilizers, bio-based fertilizers, and specialty fertilizers (such as liquid fertilizers) are gaining popularity due to rising concerns regarding nutrient efficiency uptake by plants as well as rising regulatory health and environmental concerns.
  • Bio-herbicides that use microbes as biological weed control agents are gaining popularity alongside synthetic herbicides in integrated pest management techniques. Although the segment represents a minute portion of the industry, its growth is anticipated to be substantial.
  • In 2021, global exports of fertilizers totaled approximately USD 83.2 billion. This dollar amount reflects an average increase of 50.7%5 for all fertilizer shippers in 2020 when fertilizer exports will total USD 55,2 billion. Therefore, these favorable trends are anticipated to drive demand for agrochemicals during the forecast period.

Regional Analysis of The Performance Chemicals Market

Asia Pacific is Expected to Dominate the Market Over the Forecast period.

  • In recent years, the region's end-use industries, such as automotive, construction, electronics, food & beverage, and others, have expanded significantly due to rising demand from developing nations such as China and India.
  • The rapid expansion of the construction industry increases the demand for performance chemicals. The government of various countries their investment in the construction sector which creates an opportunity for the market. For instance, The Chinese government announced in August 2022 that it will invest trillions of yuan in infrastructure.
  • It is anticipated that this investment by the Chinese government will have a significant impact on the economy. The infrastructure investment can boost employment in the near future, thereby providing relief to millions of job seekers in China. Long-term, however, the investment can help the government achieve its goal of becoming a more urbanized, high-income economy.
  • The government is expected to allocate funds for infrastructure megaprojects such as the construction of 1,629 kilometers of high-speed rail from Sichuan province in the southwest to Lhasa, the Tibetan capital.
  • Following figure shows the construction market in South Korea from the year 2019-20 which indicates the growing demand for performance chemicals.

Source: Construction Association of Korea (CAK) and International Contractors Association of Korea

Covid-19 Impact Analysis On Performance Chemicals Market

The pandemic has had a mixed effect on manufacturers of performance chemicals. Low crude prices reduced raw material costs for some product lines, and the closure of Chinese factories helped European, American, and Indian manufacturers fill the void and increase order intakes. Nevertheless, supply chain disruptions have caused procurement problems for a number of manufacturers. Companies reliant on Chinese raw materials face significant logistical obstacles as well.

The majority of the impact will be felt by manufacturers of performance chemicals in the first quarter of 2021, as opposed to the fourth quarter of 2020. Manufacturers of specialty chemicals, such as Clariant and Evonik, have already reported earnings reductions for the first quarter of 2020. Even after the lockdown is lifted in developed economies, it is anticipated that the demand for these companies will not increase dramatically, resulting in a U-shaped recovery. Once factories reopen and supply chains become more flexible, specialty chemical manufacturers will likely meet their existing order commitments by the end of 2020. The duration and scope of the recovery will depend on how quickly lockdowns are lifted in different regions of the world and how quickly the world recovers from the pandemic.

Top Key Players Covered in The Performance Chemicals Market

  • Evonik Industries AG (Germany)
  • Albemarle Corporation (North Carolina)
  • Akzo Nobel N.V. (Netherlands)
  • BASF SE (Germany)
  • Clariant (Switzerland)
  • Solvay (Belgium)
  • Henkel AG & Co. KGaA (Germany)
  • Dow (Midland)
  • Chevron Phillips Chemical Company LLC (Woodlands)
  • Indo Amines Limited (India)
  • Chembond Chemicals Limited (India)
  • Himadri Speciality Chemical Limited (India)
  • Chemtex Speciality Limited (India)
  • FUJIFILM Corporation (Japan)
  • BALAJI AMINES (India)
  • Innospec (Littleton)
  • Huntsman International LLC (Salt Lake City)
  • ACURO ORGANICS LIMITED (India)
  • LANXESS (Germany), and Other Major Players

Key Industry Developments in the Performance Chemicals Market

In February 2020, Solvay and Anthea jointly announced the formation of Catàsynth Specialty Chemicals. The Joint Venture capitalizes on Anthea's production capabilities and bolsters Solvay's downstream integration of catechol-based products.

In January 2019, In Shanghai, China, BASF inaugurated a new, world-scale antioxidants manufacturing facility. The plant will produce 42,000 tonnes per year of antioxidants and related types and blends for the plastic additives industry.

Global Performance Chemicals Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 272.6 Bn.

Forecast Period 2023-30 CAGR:

5%

Market Size in 2030:

USD 402.75 Bn.

Segments Covered:

By Type

  • Antioxidants
  • Biocides
  • Surfactants
  • Others

By Application

  • Macromolecular Additive
  • Construction Chemicals
  • Electronic Chemical
  • Business Cleaner
  • Others

By End-Users

  • Chemical Industry
  • Agrochemicals
  • Food Industry
  • Textile
  • Medicine
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Significantly Increasing Production of Performance Chemicals by Various End-Users to Enhance Product Quality

Key Market Restraints:

  • High Cost Associated with Performance Chemicals

Key Opportunities:

  • Increasing Investment in The Formation of Advanced Technologies Like Nanotechnology

Companies Covered in the report:

  • Evonik Industries AG (Germany), Albemarle Corporation (North Carolina), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Clariant (Switzerland), Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By End-Users

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Performance Chemicals Market by Type
 5.1 Performance Chemicals Market Overview Snapshot and Growth Engine
 5.2 Performance Chemicals Market Overview
 5.3 Antioxidants
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Antioxidants: Geographic Segmentation
 5.4 Biocides
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Biocides: Geographic Segmentation
 5.5 Surfactants
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Surfactants: Geographic Segmentation
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Geographic Segmentation

Chapter 6: Performance Chemicals Market by Application
 6.1 Performance Chemicals Market Overview Snapshot and Growth Engine
 6.2 Performance Chemicals Market Overview
 6.3 Macromolecular Additive
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Macromolecular Additive: Geographic Segmentation
 6.4 Construction Chemicals
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Construction Chemicals: Geographic Segmentation
 6.5 Electronic Chemical
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Electronic Chemical: Geographic Segmentation
 6.6 Business Cleaner
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Business Cleaner: Geographic Segmentation
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation

Chapter 7: Performance Chemicals Market by End-Users
 7.1 Performance Chemicals Market Overview Snapshot and Growth Engine
 7.2 Performance Chemicals Market Overview
 7.3 Chemical Industry
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Chemical Industry: Geographic Segmentation
 7.4 Agrochemicals
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Agrochemicals: Geographic Segmentation
 7.5 Food Industry
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Food Industry: Geographic Segmentation
 7.6 Textile
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Textile: Geographic Segmentation
 7.7 Medicine
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2016-2028F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Medicine: Geographic Segmentation
 7.8 Other
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size (2016-2028F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Other: Geographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Performance Chemicals Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Performance Chemicals Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Performance Chemicals Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 EVONIK INDUSTRIES AG (GERMANY)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 ALBEMARLE CORPORATION (NORTH CAROLINA)
 8.4 AKZO NOBEL N.V. (NETHERLANDS)
 8.5 BASF SE (GERMANY)
 8.6 CLARIANT (SWITZERLAND)
 8.7 SOLVAY (BELGIUM)
 8.8 HENKEL AG & CO. KGAA (GERMANY)
 8.9 DOW (MIDLAND)
 8.10 CHEVRON PHILLIPS CHEMICAL COMPANY LLC (WOODLANDS)
 8.11 INDO AMINES LIMITED (INDIA)
 8.12 CHEMBOND CHEMICALS LIMITED (INDIA)
 8.13 HIMADRI SPECIALITY CHEMICAL LIMITED (INDIA)
 8.14 CHEMTEX SPECIALITY LIMITED (INDIA)
 8.15 FUJIFILM CORPORATION (JAPAN)
 8.16 BALAJI AMINES (INDIA)
 8.17 INNOSPEC (LITTLETON)
 8.18 HUNTSMAN INTERNATIONAL LLC (SALT LAKE CITY)
 8.19 ACURO ORGANICS LIMITED (INDIA)
 8.20 LANXESS (GERMANY)
 8.21 OTHER MAJOR PLAYERS

Chapter 9: Global Performance Chemicals Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Antioxidants
  9.2.2 Biocides
  9.2.3 Surfactants
  9.2.4 Others
 9.3 Historic and Forecasted Market Size By Application
  9.3.1 Macromolecular Additive
  9.3.2 Construction Chemicals
  9.3.3 Electronic Chemical
  9.3.4 Business Cleaner
  9.3.5 Others
 9.4 Historic and Forecasted Market Size By End-Users
  9.4.1 Chemical Industry
  9.4.2 Agrochemicals
  9.4.3 Food Industry
  9.4.4 Textile
  9.4.5 Medicine
  9.4.6 Other

Chapter 10: North America Performance Chemicals Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Antioxidants
  10.4.2 Biocides
  10.4.3 Surfactants
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Macromolecular Additive
  10.5.2 Construction Chemicals
  10.5.3 Electronic Chemical
  10.5.4 Business Cleaner
  10.5.5 Others
 10.6 Historic and Forecasted Market Size By End-Users
  10.6.1 Chemical Industry
  10.6.2 Agrochemicals
  10.6.3 Food Industry
  10.6.4 Textile
  10.6.5 Medicine
  10.6.6 Other
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Performance Chemicals Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Antioxidants
  11.4.2 Biocides
  11.4.3 Surfactants
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Macromolecular Additive
  11.5.2 Construction Chemicals
  11.5.3 Electronic Chemical
  11.5.4 Business Cleaner
  11.5.5 Others
 11.6 Historic and Forecasted Market Size By End-Users
  11.6.1 Chemical Industry
  11.6.2 Agrochemicals
  11.6.3 Food Industry
  11.6.4 Textile
  11.6.5 Medicine
  11.6.6 Other
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Performance Chemicals Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Antioxidants
  12.4.2 Biocides
  12.4.3 Surfactants
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Macromolecular Additive
  12.5.2 Construction Chemicals
  12.5.3 Electronic Chemical
  12.5.4 Business Cleaner
  12.5.5 Others
 12.6 Historic and Forecasted Market Size By End-Users
  12.6.1 Chemical Industry
  12.6.2 Agrochemicals
  12.6.3 Food Industry
  12.6.4 Textile
  12.6.5 Medicine
  12.6.6 Other
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Performance Chemicals Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Antioxidants
  13.4.2 Biocides
  13.4.3 Surfactants
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Macromolecular Additive
  13.5.2 Construction Chemicals
  13.5.3 Electronic Chemical
  13.5.4 Business Cleaner
  13.5.5 Others
 13.6 Historic and Forecasted Market Size By End-Users
  13.6.1 Chemical Industry
  13.6.2 Agrochemicals
  13.6.3 Food Industry
  13.6.4 Textile
  13.6.5 Medicine
  13.6.6 Other
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Performance Chemicals Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Antioxidants
  14.4.2 Biocides
  14.4.3 Surfactants
  14.4.4 Others
 14.5 Historic and Forecasted Market Size By Application
  14.5.1 Macromolecular Additive
  14.5.2 Construction Chemicals
  14.5.3 Electronic Chemical
  14.5.4 Business Cleaner
  14.5.5 Others
 14.6 Historic and Forecasted Market Size By End-Users
  14.6.1 Chemical Industry
  14.6.2 Agrochemicals
  14.6.3 Food Industry
  14.6.4 Textile
  14.6.5 Medicine
  14.6.6 Other
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Performance Chemicals Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 272.6 Bn.

Forecast Period 2023-30 CAGR:

5%

Market Size in 2030:

USD 402.75 Bn.

Segments Covered:

By Type

  • Antioxidants
  • Biocides
  • Surfactants
  • Others

By Application

  • Macromolecular Additive
  • Construction Chemicals
  • Electronic Chemical
  • Business Cleaner
  • Others

By End-Users

  • Chemical Industry
  • Agrochemicals
  • Food Industry
  • Textile
  • Medicine
  • Other

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Significantly Increasing Production of Performance Chemicals by Various End-Users to Enhance Product Quality

Key Market Restraints:

  • High Cost Associated with Performance Chemicals

Key Opportunities:

  • Increasing Investment in The Formation of Advanced Technologies Like Nanotechnology

Companies Covered in the report:

  • Evonik Industries AG (Germany), Albemarle Corporation (North Carolina), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Clariant (Switzerland), Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PERFORMANCE CHEMICALS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PERFORMANCE CHEMICALS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PERFORMANCE CHEMICALS MARKET COMPETITIVE RIVALRY
TABLE 005. PERFORMANCE CHEMICALS MARKET THREAT OF NEW ENTRANTS
TABLE 006. PERFORMANCE CHEMICALS MARKET THREAT OF SUBSTITUTES
TABLE 007. PERFORMANCE CHEMICALS MARKET BY TYPE
TABLE 008. ANTIOXIDANTS MARKET OVERVIEW (2016-2028)
TABLE 009. BIOCIDES MARKET OVERVIEW (2016-2028)
TABLE 010. SURFACTANTS MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. PERFORMANCE CHEMICALS MARKET BY APPLICATION
TABLE 013. MACROMOLECULAR ADDITIVE MARKET OVERVIEW (2016-2028)
TABLE 014. CONSTRUCTION CHEMICALS MARKET OVERVIEW (2016-2028)
TABLE 015. ELECTRONIC CHEMICAL MARKET OVERVIEW (2016-2028)
TABLE 016. BUSINESS CLEANER MARKET OVERVIEW (2016-2028)
TABLE 017. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 018. PERFORMANCE CHEMICALS MARKET BY END-USERS
TABLE 019. CHEMICAL INDUSTRY MARKET OVERVIEW (2016-2028)
TABLE 020. AGROCHEMICALS MARKET OVERVIEW (2016-2028)
TABLE 021. FOOD INDUSTRY MARKET OVERVIEW (2016-2028)
TABLE 022. TEXTILE MARKET OVERVIEW (2016-2028)
TABLE 023. MEDICINE MARKET OVERVIEW (2016-2028)
TABLE 024. OTHER MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA PERFORMANCE CHEMICALS MARKET, BY TYPE (2016-2028)
TABLE 026. NORTH AMERICA PERFORMANCE CHEMICALS MARKET, BY APPLICATION (2016-2028)
TABLE 027. NORTH AMERICA PERFORMANCE CHEMICALS MARKET, BY END-USERS (2016-2028)
TABLE 028. N PERFORMANCE CHEMICALS MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE PERFORMANCE CHEMICALS MARKET, BY TYPE (2016-2028)
TABLE 030. EUROPE PERFORMANCE CHEMICALS MARKET, BY APPLICATION (2016-2028)
TABLE 031. EUROPE PERFORMANCE CHEMICALS MARKET, BY END-USERS (2016-2028)
TABLE 032. PERFORMANCE CHEMICALS MARKET, BY COUNTRY (2016-2028)
TABLE 033. ASIA PACIFIC PERFORMANCE CHEMICALS MARKET, BY TYPE (2016-2028)
TABLE 034. ASIA PACIFIC PERFORMANCE CHEMICALS MARKET, BY APPLICATION (2016-2028)
TABLE 035. ASIA PACIFIC PERFORMANCE CHEMICALS MARKET, BY END-USERS (2016-2028)
TABLE 036. PERFORMANCE CHEMICALS MARKET, BY COUNTRY (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA PERFORMANCE CHEMICALS MARKET, BY TYPE (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA PERFORMANCE CHEMICALS MARKET, BY APPLICATION (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA PERFORMANCE CHEMICALS MARKET, BY END-USERS (2016-2028)
TABLE 040. PERFORMANCE CHEMICALS MARKET, BY COUNTRY (2016-2028)
TABLE 041. SOUTH AMERICA PERFORMANCE CHEMICALS MARKET, BY TYPE (2016-2028)
TABLE 042. SOUTH AMERICA PERFORMANCE CHEMICALS MARKET, BY APPLICATION (2016-2028)
TABLE 043. SOUTH AMERICA PERFORMANCE CHEMICALS MARKET, BY END-USERS (2016-2028)
TABLE 044. PERFORMANCE CHEMICALS MARKET, BY COUNTRY (2016-2028)
TABLE 045. EVONIK INDUSTRIES AG (GERMANY): SNAPSHOT
TABLE 046. EVONIK INDUSTRIES AG (GERMANY): BUSINESS PERFORMANCE
TABLE 047. EVONIK INDUSTRIES AG (GERMANY): PRODUCT PORTFOLIO
TABLE 048. EVONIK INDUSTRIES AG (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. ALBEMARLE CORPORATION (NORTH CAROLINA): SNAPSHOT
TABLE 049. ALBEMARLE CORPORATION (NORTH CAROLINA): BUSINESS PERFORMANCE
TABLE 050. ALBEMARLE CORPORATION (NORTH CAROLINA): PRODUCT PORTFOLIO
TABLE 051. ALBEMARLE CORPORATION (NORTH CAROLINA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. AKZO NOBEL N.V. (NETHERLANDS): SNAPSHOT
TABLE 052. AKZO NOBEL N.V. (NETHERLANDS): BUSINESS PERFORMANCE
TABLE 053. AKZO NOBEL N.V. (NETHERLANDS): PRODUCT PORTFOLIO
TABLE 054. AKZO NOBEL N.V. (NETHERLANDS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. BASF SE (GERMANY): SNAPSHOT
TABLE 055. BASF SE (GERMANY): BUSINESS PERFORMANCE
TABLE 056. BASF SE (GERMANY): PRODUCT PORTFOLIO
TABLE 057. BASF SE (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. CLARIANT (SWITZERLAND): SNAPSHOT
TABLE 058. CLARIANT (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 059. CLARIANT (SWITZERLAND): PRODUCT PORTFOLIO
TABLE 060. CLARIANT (SWITZERLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. SOLVAY (BELGIUM): SNAPSHOT
TABLE 061. SOLVAY (BELGIUM): BUSINESS PERFORMANCE
TABLE 062. SOLVAY (BELGIUM): PRODUCT PORTFOLIO
TABLE 063. SOLVAY (BELGIUM): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. HENKEL AG & CO. KGAA (GERMANY): SNAPSHOT
TABLE 064. HENKEL AG & CO. KGAA (GERMANY): BUSINESS PERFORMANCE
TABLE 065. HENKEL AG & CO. KGAA (GERMANY): PRODUCT PORTFOLIO
TABLE 066. HENKEL AG & CO. KGAA (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. DOW (MIDLAND): SNAPSHOT
TABLE 067. DOW (MIDLAND): BUSINESS PERFORMANCE
TABLE 068. DOW (MIDLAND): PRODUCT PORTFOLIO
TABLE 069. DOW (MIDLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. CHEVRON PHILLIPS CHEMICAL COMPANY LLC (WOODLANDS): SNAPSHOT
TABLE 070. CHEVRON PHILLIPS CHEMICAL COMPANY LLC (WOODLANDS): BUSINESS PERFORMANCE
TABLE 071. CHEVRON PHILLIPS CHEMICAL COMPANY LLC (WOODLANDS): PRODUCT PORTFOLIO
TABLE 072. CHEVRON PHILLIPS CHEMICAL COMPANY LLC (WOODLANDS): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. INDO AMINES LIMITED (INDIA): SNAPSHOT
TABLE 073. INDO AMINES LIMITED (INDIA): BUSINESS PERFORMANCE
TABLE 074. INDO AMINES LIMITED (INDIA): PRODUCT PORTFOLIO
TABLE 075. INDO AMINES LIMITED (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. CHEMBOND CHEMICALS LIMITED (INDIA): SNAPSHOT
TABLE 076. CHEMBOND CHEMICALS LIMITED (INDIA): BUSINESS PERFORMANCE
TABLE 077. CHEMBOND CHEMICALS LIMITED (INDIA): PRODUCT PORTFOLIO
TABLE 078. CHEMBOND CHEMICALS LIMITED (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. HIMADRI SPECIALITY CHEMICAL LIMITED (INDIA): SNAPSHOT
TABLE 079. HIMADRI SPECIALITY CHEMICAL LIMITED (INDIA): BUSINESS PERFORMANCE
TABLE 080. HIMADRI SPECIALITY CHEMICAL LIMITED (INDIA): PRODUCT PORTFOLIO
TABLE 081. HIMADRI SPECIALITY CHEMICAL LIMITED (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. CHEMTEX SPECIALITY LIMITED (INDIA): SNAPSHOT
TABLE 082. CHEMTEX SPECIALITY LIMITED (INDIA): BUSINESS PERFORMANCE
TABLE 083. CHEMTEX SPECIALITY LIMITED (INDIA): PRODUCT PORTFOLIO
TABLE 084. CHEMTEX SPECIALITY LIMITED (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. FUJIFILM CORPORATION (JAPAN): SNAPSHOT
TABLE 085. FUJIFILM CORPORATION (JAPAN): BUSINESS PERFORMANCE
TABLE 086. FUJIFILM CORPORATION (JAPAN): PRODUCT PORTFOLIO
TABLE 087. FUJIFILM CORPORATION (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. BALAJI AMINES (INDIA): SNAPSHOT
TABLE 088. BALAJI AMINES (INDIA): BUSINESS PERFORMANCE
TABLE 089. BALAJI AMINES (INDIA): PRODUCT PORTFOLIO
TABLE 090. BALAJI AMINES (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. INNOSPEC (LITTLETON): SNAPSHOT
TABLE 091. INNOSPEC (LITTLETON): BUSINESS PERFORMANCE
TABLE 092. INNOSPEC (LITTLETON): PRODUCT PORTFOLIO
TABLE 093. INNOSPEC (LITTLETON): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. HUNTSMAN INTERNATIONAL LLC (SALT LAKE CITY): SNAPSHOT
TABLE 094. HUNTSMAN INTERNATIONAL LLC (SALT LAKE CITY): BUSINESS PERFORMANCE
TABLE 095. HUNTSMAN INTERNATIONAL LLC (SALT LAKE CITY): PRODUCT PORTFOLIO
TABLE 096. HUNTSMAN INTERNATIONAL LLC (SALT LAKE CITY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. ACURO ORGANICS LIMITED (INDIA): SNAPSHOT
TABLE 097. ACURO ORGANICS LIMITED (INDIA): BUSINESS PERFORMANCE
TABLE 098. ACURO ORGANICS LIMITED (INDIA): PRODUCT PORTFOLIO
TABLE 099. ACURO ORGANICS LIMITED (INDIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. LANXESS (GERMANY): SNAPSHOT
TABLE 100. LANXESS (GERMANY): BUSINESS PERFORMANCE
TABLE 101. LANXESS (GERMANY): PRODUCT PORTFOLIO
TABLE 102. LANXESS (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 103. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 104. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 105. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PERFORMANCE CHEMICALS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PERFORMANCE CHEMICALS MARKET OVERVIEW BY TYPE
FIGURE 012. ANTIOXIDANTS MARKET OVERVIEW (2016-2028)
FIGURE 013. BIOCIDES MARKET OVERVIEW (2016-2028)
FIGURE 014. SURFACTANTS MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. PERFORMANCE CHEMICALS MARKET OVERVIEW BY APPLICATION
FIGURE 017. MACROMOLECULAR ADDITIVE MARKET OVERVIEW (2016-2028)
FIGURE 018. CONSTRUCTION CHEMICALS MARKET OVERVIEW (2016-2028)
FIGURE 019. ELECTRONIC CHEMICAL MARKET OVERVIEW (2016-2028)
FIGURE 020. BUSINESS CLEANER MARKET OVERVIEW (2016-2028)
FIGURE 021. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 022. PERFORMANCE CHEMICALS MARKET OVERVIEW BY END-USERS
FIGURE 023. CHEMICAL INDUSTRY MARKET OVERVIEW (2016-2028)
FIGURE 024. AGROCHEMICALS MARKET OVERVIEW (2016-2028)
FIGURE 025. FOOD INDUSTRY MARKET OVERVIEW (2016-2028)
FIGURE 026. TEXTILE MARKET OVERVIEW (2016-2028)
FIGURE 027. MEDICINE MARKET OVERVIEW (2016-2028)
FIGURE 028. OTHER MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA PERFORMANCE CHEMICALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE PERFORMANCE CHEMICALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC PERFORMANCE CHEMICALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA PERFORMANCE CHEMICALS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA PERFORMANCE CHEMICALS MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Performance Chemicals Market research report?

The forecast period in the Performance Chemicals Market research report is 2023-2030.

Who are the key players in Performance Chemicals Market?

Evonik Industries AG (Germany), Albemarle Corporation (North Carolina), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Clariant (Switzerland), Solvay (Belgium), Henkel AG & Co. KGaA (Germany), Dow (Midland), Chevron Phillips Chemical Company LLC (Woodlands), Indo Amines Limited (India), Chembond Chemicals Limited (India), Himadri Speciality Chemical Limited (India), Chemtex Speciality Limited (India), FUJIFILM Corporation (Japan), BALAJI AMINES (India), Innospec (Littleton), Huntsman International LLC (Salt Lake City), ACURO ORGANICS LIMITED (India), LANXESS (Germany), and other major players.

What are the segments of the Performance Chemicals Market?

The Performance Chemicals Market is segmented into Type, Application, End Users, and region. By Type, the market is categorized into antioxidants, biocides, surfactants, and others. By Application, the market is categorized into Macromolecular Additives, Construction Chemicals, Electronic Chemicals, Business cleaners, and Others. By End-Users, the market is categorized into Chemical Industry, Agrochemicals, Food Industry, Textile, Medicine, and Other. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Performance Chemicals Market?

Performance chemicals are also known as effect or specialty chemicals. Essential oils, castor oil, gelatin, and collagen are among the most popular types. These compounds are known as specialties because, unlike other fine and commodity chemicals, they are produced in smaller quantities and have limited applications.

How big is the Performance Chemicals Market?

The Performance Chemicals market estimated at USD 272.6 Billion in the year 2022, is projected to reach a revised size of USD 402.75 Billion by 2030, growing at a CAGR of 5% over the analysis period 2023-2030.