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Share this article Share this article NEW YORK, Jan. 19, 2021 /PRNewswire/ Several industries around the world require chemicals specially formulated for their requirements. Thus, due to a widespread end-use base, the global specialty chemicals market, which generated $639,935.8 million in 2019, is predicted to witness a 5.5% CAGR between 2020 and 2030, to reach $980,423.7 million in 2030. One of the most-prominent applications of such chemicals is in the production of wood pulp and paper, the latter of which is used widely in the packaging sector, according to the market research report published by P&S Intelligence. In the same way, the growing usage of fuel additives in automobiles is an important specialty chemicals market driver. Fuel additives are used to manipulate several properties of gasoline and diesel, such as their freezing point and fluidity. A common specialty chemical used as a fuel additive is diesel exhaust fluid, or AdBlue, which is intended to red ....