Specialty Chemicals Market Share

APAC Market Forecast

The specialty chemicals market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2037. The expanding middle-class population in Asia Pacific countries is driving demand for personal care, cosmetics, and consumer goods. Specialty chemicals are integral to the formulation of these products. It is predicted that Asia's middle class will account for 66% of the global middle class by the year 2030.

North American Market Statistics

The specialty chemicals market in the North America region is projected to hold the second largest share during the forecast period. North America's aerospace and defense industries are expanding, creating demand for specialty chemicals used in coatings, materials, and manufacturing processes. The Aerospace Industries Association notes that aerospace and defense contribute significantly to the U.S. economy.