Specialty chemicals industry statistics & trends: Soon to be a US$ 1 trillion market by 2025: Horizon Databook by Grand View Research, Inc.

Grand View Research, Inc. United States of America United Kingdom

have emerged as the most promising segment, with an expected growth of 6.3% over the next 5 years. Healthcare and manufacturing remain the key demand centers for these specialty chemicals. Demand for industrial and institutional cleaning chemicals in healthcare is expected to grow at a staggering 6.9% from 2024 to 2030.The emerging packaging industry, as one of the most valued industries, is expected to drive the demand for the specialty paper & pulp chemicals market. The market is expected to exceed USD 25 billion in valuation by 2030. Demand from packaging industry is expected to grow at a CAGR of 4.7% over the 5 years.Growing awareness regarding animal health among consumers has led to the growth of the animal feed additives market. The market is expected to register a growth of 3.5% from 2024 to 2030.Hair care remains the largest and fastest growing segment within the global cosmetic chemicals market. Fragrances is expected to exhibit a growth of 4.6% from 2024 to 2024.Flexible approach by manufacturers to customize their product offerings for their customers will remain a key reason for the growth of global specialty chemicals market.

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