Report Overview

South Africa Specialty Chemicals Market - Industry Trends & Forecast Report, 2030

South Africa Specialty Chemicals Market size was estimated to be worth USD 8.7 million in 2023. During the forecast period between 2024 and 2030, South Africa Specialty Chemicals Market size is projected to grow at a CAGR of 4.50%, reaching a value of USD 11.1 million by 2030.

By volume, South Africa Specialty Chemicals Market size was estimated at 13.1 million tons in 2023. During the forecast period between 2024 and 2030, South Africa Specialty Chemicals Market size is expected to expand at a CAGR of 4%, reaching a volume of 17.2 million tons by 2030.

Major growth factors for South Africa Specialty Chemicals Market include its rising application in various end user industries, including water treatment, chemicals, oilfields, and pharmaceuticals, and advancements in process technology. In addition, financial support and other forms of assistance from the government to boost domestic production are anticipated to drive South Africa Specialty Chemicals Market during the period in analysis.

Specialty Chemicals – Overview

Specialty chemicals are either single chemical substances or combinations of several chemical components that are created for particular uses and occasionally for particular clients. Typically, they are extremely high purity, low volume, high-value compounds utilized as steps in bio-pharmaceutical or high-tech processes. Specialty chemicals are chemical substances that are utilized as intermediates or raw ingredients at different stages throughout the production of pharmaceuticals. They are materials that are utilized based on their functionality or performance.

South Africa Specialty Chemicals Market

Growth Drivers

Rising Demand for Personal Care Products

The COVID-19 pandemic has triggered the general health consciousness among people, resulting in a significant spike in the demand for personal hygiene products, such as hand sanitizers, disinfectant sprays, and liquid soaps. The market is registering a surge in solvent consumption in volume owing to the rising demand for solvents such as ethanol, which is used to produce hand sanitizers. In addition, the rising aging population and strong use of specialty chemicals in anti-aging products further drive the growth of South Africa Specialty Chemicals Market.

Challenges

Fluctuations in Raw Material Prices

Stringent regulations and fluctuating raw material prices are predicted to impede the growth of the Specialty Chemicals Market in South Africa. The intricacies of its small-scale manufacturing also present significant challenges for the industry, particularly concerning products produced by biorefineries such as collagen. Competition from less expensive conventional alternatives to specialized chemicals exacerbates the sector's challenges. The growth of the Specialty Chemicals Market in South Africa could be hindered by all these challenges.

South Africa Specialty Chemicals Market

Segmental Coverage

South Africa Specialty Chemicals Market – By Product Type

Based on product type, South Africa Specialty Chemicals Market is segmented into agrochemicals, rubber processing chemicals, construction chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, pharmaceutical & nutraceutical additives, CASE (coatings, adhesives, sealants, and elastomers), and others (institutional & industrial cleaners, electronic chemicals, mining chemicals). The institutional and industrial cleaners segment holds the largest share in South Africa Specialty Chemicals Market. They are the essential parts used in commercial floor and surface cleaning, general-purpose cleaning, and other applications where convenience of use, hygienic practices, technical performance, and food safety are crucial features.

South Africa Specialty Chemicals Market – By End User Industry

On the basis of end user industry, South Africa Specialty Chemicals Market is segmented into automotive, construction, consumer goods, food & beverages, healthcare, industrial manufacturing, oil & gas, and others (including packaging, personal care, water treatment). The construction sector dominates South Africa Specialty Chemicals Market by end user industry, owing to rapid urbanization and rising number of housing and public infrastructure projects. Specialty chemicals are crucial in the construction industry as they enhance concrete strength and quality and protect it from atmospheric degradation, which fuels its market growth.

Competitive Landscape

Major companies in the highly competitive South Africa Specialty Chemicals Market include Durban Speciality Chemicals, AECI Specialty Chemicals, SUN ACE South Africa, Safic Alcan Southern Africa (Pty) Ltd, IMCD South Africa, Protea Chemicals, Reba Chemicals (Pty) Ltd, BASF, Gold Reef Speciality Chemicals (Pty) Ltd, and Southern Chemicals (Pty) Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In June 2024 – Azelis, a specialty chemical supplier, announced the acquisition of CPS Chemicals (Coatings), a specialty chemical distributor, to boost its footprint in South Africa.

Scope of the Report

By Product Type

• Agrochemicals

• Rubber Processing Chemicals

• Construction Chemicals

• Food & Feed Additives

• Cosmetic Chemicals

• Oilfield Chemicals

• Specialty Pulp & Paper Chemicals

• Specialty Textile Chemicals

• Water Treatment Chemicals

• Pharmaceutical & Nutraceutical Additives

• CASE (Coatings, Adhesives, Sealants, Elastomers)

• Others (Institutional & Industrial Cleaners, Electronic Chemicals, Mining Chemicals)

By End User Industry

• Automotive

• Construction

• Consumer Goods

• Food & Beverages

• Healthcare

• Industrial Manufacturing

• Oil & Gas

• Others (Packaging, Personal Care, Water Treatment)

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3.  South Africa Specialty Chemicals Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Expanding End-Use Industries
         2. Increasing Middle-Class Population
         3. Innovations in Specialty Chemicals
      2. Restraints
         1. Stringent Environmental Regulations
         2. Raw Material Availability
      3. Opportunities
         1. Expansion into New Applications
         2. Sustainability and Green Chemistry
         3. Export Opportunities
      4. Challenges
         1. Infrastructure Challenges
         2. Pricing Pressures
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. South Africa Specialty Chemicals Market: Marketing Strategies
5. South Africa Specialty Chemicals Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share and Forecast
      1. By Product Type
         1. Agrochemicals
         2. Rubber Processing Chemicals
         3. Construction Chemicals
         4. Food & Feed Additives
         5. Cosmetic Chemicals
         6. Oilfield Chemicals
         7. Specialty Pulp & Paper Chemicals
         8. Specialty Textile Chemicals
         9. Water Treatment Chemicals
         10. Pharmaceutical & Nutraceutical Additives
         11. CASE (Coatings, Adhesives, Sealants, Elastomers)
         12. Others (Institutional & Industrial Cleaners, Electronic Chemicals, Mining Chemicals)
      2. By End User Industry
         1. Automotive
         2. Construction
         3. Consumer Goods
         4. Food & Beverages
         5. Healthcare
         6. Industrial Manufacturing
         7. Oil & Gas
         8. Others (Packaging, Personal Care, Water Treatment)
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. South Africa Specialty Chemicals Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Escalating Geopolitical Tensions on South Africa Specialty Chemicals Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Durban Speciality Chemicals
   2. AECI Specialty Chemicals
   3. SUN ACE South Africa
   4. Safic Alcan Southern Africa (Pty) Ltd
   5. IMCD South Africa
   6. Protea Chemicals
   7. Reba Chemicals (Pty) Ltd
   8. BASF
   9. Gold Reef Speciality Chemicals (Pty) Ltd
   10. Southern Chemicals (Pty) Ltd
   11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1.  Qualitative Research
       1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       South Africa Specialty Chemicals Segmentation

Figure 2       South Africa Specialty Chemicals Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       South Africa Specialty Chemicals Market Size, By Value (USD Million), 2019–2030

Figure 5       South Africa Specialty Chemicals Market Share, By Product Type, By Value, 2019–2030

Figure 6       South Africa Specialty Chemicals Market Share, By End-User Industry, By Value, 2019–2030

List of Tables

Table 1        South Africa Specialty Chemicals Market Size, By Value (USD Million), 2019–2030

Table 2   South Africa Specialty Chemicals Market Share, By Product Type, By Value, 2019–2030

Table 3        South Africa Specialty Chemicals Market Share, By End-User Industry, By Value, 2019–2030

Table 4        Durban Speciality Chemicals Company Overview

Table 5        Durban Speciality Chemicals Financial Overview

Table 6        AECI Specialty Chemicals Company Overview

Table 7        AECI Specialty Chemicals Financial Overview

Table 8        SUN ACE South Africa Company Overview

Table 9        SUN ACE South Africa Financial Overview

Table 10      Safic Alcan Southern Africa (Pty) Ltd Company Overview

Table 11      Safic Alcan Southern Africa (Pty) Ltd Financial Overview

Table 12      IMCD South Africa Company Overview

Table 13      IMCD South Africa Financial Overview

Table 14      Protea Chemicals Company Overview

Table 15      Protea Chemicals Financial Overview

Table 16      Reba Chemicals (Pty) Ltd Company Overview

Table 17      Reba Chemicals (Pty) Ltd Financial Overview

Table 18      BASF Company Overview

Table 19      BASF Financial Overview

Table 20      Gold Reef Speciality Chemicals (Pty) Ltd Company Overview

Table 21      Gold Reef Speciality Chemicals (Pty) Ltd Financial Overview

Table 22      Southern Chemicals (Pty) Ltd Company Overview

Table 23      Southern Chemicals (Pty) Ltd Financial Overview