Institutions Predict the Global Specialty Chemicals Market to Maintain a Growth Momentum
2026-1-27
Recently, the latest Specialty Chemicals Industry Profile Report released by S&P Global Energy¡¯s Specialty Chemicals Update Program (SCUP) shows that the recovery momentum of the global specialty chemicals market, which started in 2024, will continue into 2025. The report forecasts a 3% compound annual growth rate (CAGR) for the overall global specialty chemicals market from 2026 to 2030, basically aligning with the expected trend of the global economy.
The report points out that this growth forecast reflects the continuous improvement of consumer demand and market stability, demonstrating the promising prospects and strong risk resilience of the global specialty chemicals market. Growth rates across various sub-sectors will show differentiated characteristics, highlighting the dynamic nature of the market. Benefiting from the advancement of the global low-carbon transition and the expansion of investment in sustainable technology sectors, the market scale of specialty chemicals for new energy materials is expected to witness substantial growth over the next five years.
From 2026 to 2030, electronic chemicals will emerge as the growth leader among all specialty chemicals sub-sectors, with a projected CAGR of 7%. Among them, electronic chemicals for semiconductors and those for integrated circuit manufacturing processes will register the most robust growth. The report emphasizes that technological breakthroughs in display materials, printed circuit board (PCB) chemicals and packaging chemicals will further drive the growth of the electronic chemicals market. The core driving force behind this trend stems from the sustained surge in demand for electronic products such as smartphones, tablet computers and wearable devices, coupled with the rapid development of cutting-edge technologies including the Internet of Things (IoT), artificial intelligence (AI) and 5G communications, which jointly fuel the rapid expansion of the relevant specialty chemicals market. The report notes that exhaust gas catalysts will be the only specialty chemicals sub-sector facing declining demand over the next five years.
It is projected that from 2026 to 2030, China will remain the world¡¯s largest consumer of specialty chemicals, accounting for approximately one-third of the global consumption volume by 2030. Emerging regions such as South Asia, the Middle East and Southeast Asia are emerging as important growth engines for the global specialty chemicals market; their expansion will profoundly influence the overall growth trajectory of the industry and form a complementary pattern with the Chinese market. Mature markets such as North America and Europe are expected to see a slowdown in growth due to saturated demand and downward economic pressure.
The report points out that this growth forecast reflects the continuous improvement of consumer demand and market stability, demonstrating the promising prospects and strong risk resilience of the global specialty chemicals market. Growth rates across various sub-sectors will show differentiated characteristics, highlighting the dynamic nature of the market. Benefiting from the advancement of the global low-carbon transition and the expansion of investment in sustainable technology sectors, the market scale of specialty chemicals for new energy materials is expected to witness substantial growth over the next five years.
From 2026 to 2030, electronic chemicals will emerge as the growth leader among all specialty chemicals sub-sectors, with a projected CAGR of 7%. Among them, electronic chemicals for semiconductors and those for integrated circuit manufacturing processes will register the most robust growth. The report emphasizes that technological breakthroughs in display materials, printed circuit board (PCB) chemicals and packaging chemicals will further drive the growth of the electronic chemicals market. The core driving force behind this trend stems from the sustained surge in demand for electronic products such as smartphones, tablet computers and wearable devices, coupled with the rapid development of cutting-edge technologies including the Internet of Things (IoT), artificial intelligence (AI) and 5G communications, which jointly fuel the rapid expansion of the relevant specialty chemicals market. The report notes that exhaust gas catalysts will be the only specialty chemicals sub-sector facing declining demand over the next five years.
It is projected that from 2026 to 2030, China will remain the world¡¯s largest consumer of specialty chemicals, accounting for approximately one-third of the global consumption volume by 2030. Emerging regions such as South Asia, the Middle East and Southeast Asia are emerging as important growth engines for the global specialty chemicals market; their expansion will profoundly influence the overall growth trajectory of the industry and form a complementary pattern with the Chinese market. Mature markets such as North America and Europe are expected to see a slowdown in growth due to saturated demand and downward economic pressure.