Specialty Chemicals Market To Witness A Significant Growth Of USD 914.4 Billion By 2030
San Francisco, 17 June 2024: The Report Specialty Chemicals Market Size, Share & Trends Analysis Report By Product (Institutional & Industrial Cleaners, Flavor & Fragrances, Food & Feed Additives), By Application, By Region, And Segment Forecasts, 2024 - 2030 The global specialty chemicals market size was estimated at USD 914.4 billion in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030. The growth is attributed to the growing demand from pharmaceuticals, flavors and fragrances, rubber processing, and electronics chemicals, among others. One of the prime growth factors is consumer-driven demand, led by categories such as personal care, food & feed additives, and pharmaceuticals, among others. Growing trends of rubber products such as long service life tires, high- performance requirements, and others influence the demand for rubber processing chemicals used in tires and industrial pro...