Specialty Chemicals Market to Witness Enhanced Application in Water-based Paints and Biodegradable Plastics Till 2025

The global Specialty Chemicals Market size is expected to value at USD 1.79 trillion by 2025. The market is subject to witness a substantial growth due to the high-end demand for function specificities chemicals and variation in consumer and industrial product life cycles. Other factors such as increasing concerns regarding the excess of pollution, environmental hazards, and growing demand for an alternative solution to limit greenhouse gas (GHG) emissions, are expected to drive demand for the specialty chemicals in upcoming years. Specialty chemicals are increasingly used in water-based paints, biodegradable plastics, solar-powered and rechargeable electronics. Globally, the specialty chemicals market is predicted to grow at a CAGR of 5.6% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market.