Performance Chemicals Market
Performance Chemicals Market Forecasts to 2030 - Global Analysis By Type (Antioxidants, Adhesives and Sealants, Specialty Polymers, Additives, Catalysts, Advanced Ceramics and Other Types), Function, Sales Channel, Application, and By Geography
According to Stratistics MRC, the Global Performance Chemicals Market is accounted for $316.9 billion in 2024 and is expected to reach $481.0 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Performance chemicals are specialized substances designed to enhance the performance, efficiency, or safety of products and processes across various industries. Unlike commodity chemicals, which are produced in large quantities for general use, performance chemicals are tailored to meet specific functional requirements, such as improving product durability, enhancing operational efficiency, or achieving desired chemical reactions. They play a critical role in sectors like manufacturing, automotive, and construction, contributing to innovations and advancements by offering targeted solutions to complex challenges.
According to a report by The Gulf Petrochemicals and Chemicals Association (GPCA), the demand for hand sanitizers and disinfectants in January 2020 increased by 1,400% compared to December 2019.
Market Dynamics:
Driver:
Growth in consumer demand for sustainable products
There is a growing need for performance chemicals that support sustainability objectives as customers prioritize items with less of an ecological impact due to increased environmental consciousness. Companies are responding by developing eco-friendly formulations and adopting green manufacturing practices to meet these preferences. This shift not only helps reduce the carbon footprint but also opens new opportunities for innovation in sustainable solutions within the industry.
Restraint:
Stringent environmental regulations
Compliance with these regulations often requires costly investments in advanced technologies, process modifications, and waste management systems. This can lead to increased production costs and reduced profit margins. Additionally, the need to continuously adapt to evolving standards may slow down innovation and product development. Small and mid-sized companies may struggle with these financial and operational burdens, potentially affecting their competitive position in the market.
Opportunity:
Increasing demand from end-use industries
Increasing demand from end-use industries is driving growth in the market. Sectors require advanced chemical solutions to enhance product performance, durability, and efficiency. This heightened demand for specialized performance chemicals is fueling innovation and expanding market opportunities. Companies are developing tailored formulations to meet the specific needs of these industries, such as improved energy efficiency, enhanced safety features, and superior product longevity, thereby supporting overall market expansion.
Threat:
Volatile raw material prices
Volatile raw material prices significantly impact the performance chemicals market, creating challenges for manufacturers. Fluctuations in the cost of key inputs, such as petrochemicals can lead to unpredictable production expenses and affect profit margins. These price swings often result from supply chain disruptions, geopolitical factors, and market demand shifts. Manufacturers face difficulties in maintaining consistent product quality, potentially leading to increased costs for consumers and impacting overall market stability.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the performance chemicals market by disrupting supply chains, halting production, and leading to market uncertainties. Lockdowns and restrictions caused delays in raw material procurement and distribution, affecting manufacturing schedules and increasing costs. Additionally, decreased demand from end-use industries during the initial phases of the pandemic strained revenue streams. However, the crisis also accelerated the adoption of hygiene-related performance chemicals, driving innovation and shifts towards more resilient supply chain strategies in the long term.
The antioxidants segment is expected to be the largest during the forecast period
The antioxidants is expected to be the largest during the forecast period. They prevent oxidative degradation, which can impair product quality and performance, particularly in sectors like plastics, coatings, and automotive. By neutralizing free radicals, antioxidants help maintain the integrity of materials and extend their useful life. Their role is increasingly vital as industries seek to improve product durability and meet stringent quality standards, driving ongoing innovation and demand in this segment.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is expected to have the highest CAGR during the forecast period. Performance chemicals are used in various automotive applications, including high-efficiency lubricants and protective coatings, which improve engine efficiency, reduce emissions, and increase durability. As automotive technologies evolve and stricter environmental regulations are implemented, the need for innovative, high-performance, and eco-friendly chemicals is rising, driving continuous advancements and growth within this sector.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to rising industrial activity, technological advancements, and increased consumer focus on sustainability. Key sectors such as automotive, construction, and healthcare drive demand for specialized chemicals that enhance product performance and meet stringent environmental regulations. The region's well-established manufacturing infrastructure and strong emphasis on research and development foster innovation, supporting the market's expansion.
Region with highest CAGR:
Asia Pacific is projected to witness the highest CAGR over the forecast period. Rapid economic growth in countries is leading to increased construction activities, which in turn drives demand for performance chemicals used in various applications, including automotive, construction, and consumer goods. Furthermore, increased disposable income among consumers is leading to higher spending on improved living standards, which includes the demand for better construction materials and personal care products that utilize performance chemicals.
Key players in the market
Some of the key players in Performance Chemicals market include BASF SE, Dow Inc., Akzo Nobel N.V., Evonik Industries AG, Clariant AG, Solvay S.A., Huntsman Corporation, Ashland Global Holdings Inc., Arkema S.A., SABIC, Henkel AG & Co. KGaA, Eastman Chemical Company, Celanese Corporation, Chevron Phillips Chemical Company LLC, DSM, Covestro AG, Mitsubishi Chemical Corporation, Sumitomo Chemical Co., Ltd. and ExxMobil Chemical Company.
Key Developments:
In July 2024, BASF has signed an agreement with Solenis, a global producer of specialty chemicals to sell BASF’s flocculants business for mining applications. The divestment of BASF’s flocculants business to Solenis is part of BASF’s portfolio optimization, aiming to focus on core strategic areas.
In May 2024, Dow announced a capacity expansion from its minority equity investment in SAS Chemicals GmbH, a German-based specialty chemical producer of sealants and components used in insulating glass manufacturing, to create a more holistic façade offering.
Types Covered:
• Antioxidants
• Adhesives and Sealants
• Specialty Polymers
• Additives
• Catalysts
• Advanced Ceramics
• Other Types
Functions Covered:
• Corrosion Inhibition
• Flame Retardancy
• Anti-Oxidation
• Water Repellency
Sales Channels Covered:
• Direct Sales
• Distributors
• Wholesalers
• Retailers
Applications Covered:
• Agrochemicals
• Construction
• Electronics
• Personal Care
• Food Industry
• Automotive
• Pharmaceuticals
• Textiles
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Performance Chemicals Market, By Type
5.1 Introduction
5.2 Antioxidants
5.3 Adhesives and Sealants
5.4 Specialty Polymers
5.5 Additives
5.6 Catalysts
5.7 Advanced Ceramics
5.8 Other Types
6 Global Performance Chemicals Market, By Function
6.1 Introduction
6.2 Corrosion Inhibition
6.3 Flame Retardancy
6.4 Anti-Oxidation
6.5 Water Repellency
7 Global Performance Chemicals Market, By Sales Channel
7.1 Introduction
7.2 Direct Sales
7.3 Distributors
7.4 Wholesalers
7.5 Retailers
8 Global Performance Chemicals Market, By Application
8.1 Introduction
8.2 Agrochemicals
8.3 Construction
8.4 Electronics
8.5 Personal Care
8.6 Food Industry
8.7 Automotive
8.8 Pharmaceuticals
8.9 Textiles
8.10 Other Applications
9 Global Performance Chemicals Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 BASF SE
11.2 Dow Inc.
11.3 Akzo Nobel N.V.
11.4 Evonik Industries AG
11.5 Clariant AG
11.6 Solvay S.A.
11.7 Huntsman Corporation
11.8 Ashland Global Holdings Inc.
11.9 Arkema S.A.
11.10 SABIC
11.11 Henkel AG & Co. KGaA
11.12 Eastman Chemical Company
11.13 Celanese Corporation
11.14 Chevron Phillips Chemical Company LLC
11.15 DSM
11.16 Covestro AG
11.17 Mitsubishi Chemical Corporation
11.18 Sumitomo Chemical Co., Ltd.
11.19 ExxMobil Chemical Company
List of Tables
1 Global Performance Chemicals Market Outlook, By Region (2022-2030) ($MN)
2 Global Performance Chemicals Market Outlook, By Type (2022-2030) ($MN)
3 Global Performance Chemicals Market Outlook, By Antioxidants (2022-2030) ($MN)
4 Global Performance Chemicals Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
5 Global Performance Chemicals Market Outlook, By Specialty Polymers (2022-2030) ($MN)
6 Global Performance Chemicals Market Outlook, By Additives (2022-2030) ($MN)
7 Global Performance Chemicals Market Outlook, By Catalysts (2022-2030) ($MN)
8 Global Performance Chemicals Market Outlook, By Advanced Ceramics (2022-2030) ($MN)
9 Global Performance Chemicals Market Outlook, By Other Types (2022-2030) ($MN)
10 Global Performance Chemicals Market Outlook, By Function (2022-2030) ($MN)
11 Global Performance Chemicals Market Outlook, By Corrosion Inhibition (2022-2030) ($MN)
12 Global Performance Chemicals Market Outlook, By Flame Retardancy (2022-2030) ($MN)
13 Global Performance Chemicals Market Outlook, By Anti-Oxidation (2022-2030) ($MN)
14 Global Performance Chemicals Market Outlook, By Water Repellency (2022-2030) ($MN)
15 Global Performance Chemicals Market Outlook, By Sales Channel (2022-2030) ($MN)
16 Global Performance Chemicals Market Outlook, By Direct Sales (2022-2030) ($MN)
17 Global Performance Chemicals Market Outlook, By Distributors (2022-2030) ($MN)
18 Global Performance Chemicals Market Outlook, By Wholesalers (2022-2030) ($MN)
19 Global Performance Chemicals Market Outlook, By Retailers (2022-2030) ($MN)
20 Global Performance Chemicals Market Outlook, By Application (2022-2030) ($MN)
21 Global Performance Chemicals Market Outlook, By Agrochemicals (2022-2030) ($MN)
22 Global Performance Chemicals Market Outlook, By Construction (2022-2030) ($MN)
23 Global Performance Chemicals Market Outlook, By Electronics (2022-2030) ($MN)
24 Global Performance Chemicals Market Outlook, By Personal Care (2022-2030) ($MN)
25 Global Performance Chemicals Market Outlook, By Food Industry (2022-2030) ($MN)
26 Global Performance Chemicals Market Outlook, By Automotive (2022-2030) ($MN)
27 Global Performance Chemicals Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
28 Global Performance Chemicals Market Outlook, By Textiles (2022-2030) ($MN)
29 Global Performance Chemicals Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
