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The report reviews, analyzes and projects the global Specialty Chemicals market for the period 2017-2026 in terms of value in US$; and the compound annual growth rates (CAGRs) projected from 2020 through 2026. The report focuses on COVID-19 impact on the market with concentrating on YOY growth rates for 2019-2020.
Impact of COVID-19 pandemic on Specialty Chemicals market was moderate and the demand declined by about 1% y-o-y in 2020 compared to 2019. All major regions witnessed the negative growth around 2% in 2020, while Asia-Pacific withstand a slight growth of about 1%.
The evolutionary nature of the Specialty Chemicals business has meant that the traditionally dominant regions of North America, Europe and Japan have made way for fast growth in emerging Asian, South America and Middle Eastern & African economies. Asia-Pacific, in fact, is estimated as the largest, as also the fastest growing, global mar
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