U.S. specialty chemical market volume monthly change February 2020 - October 2020

Between September 2020 and October 2020, there was a 0.4 percent decrease in the market volume of oilfield chemicals in the United States. Specialty chemicals are manufactured for specific purposes within a variety of industries, and differ from commodity chemicals in that they usually have only a few uses, while commodity chemicals often have many applications. The impact of COVID-19 on the U.S. specialty chemicals market has been substantial, with market volumes decreasing by four percent in this sector overall from February 2020 to March 2020, and by a record decline of 12.5 percent from March to April 2020. By October (as compared to September) 2020, the U.S. specialty chemicals' market volume increased by 1.2 percent.