
Global Chemicals Market
Description
Global Chemicals Market (by Category & Region): Insights & Forecast with Potential Impact of COVID-19 (2023-2027)
The global chemicals market is expected to record a value of US$7.06 trillion in 2027, recording growth at a CAGR of 7.33%, for the time period of 2023-2027. Factors such as growing consumer base, increasing demand for plastics, surging consumption in the automotive industry, upswing in cosmetics manufacturing and expansion of oil drilling & refining activities would drive the growth of the market. However the market growth would be challenged by price instability of crude oil, rising operating costs and increased environmental regulations. A few notable trends may include accelerating demand from construction industry, rising usage in electronic applications, escalating adoption of agricultural fertilizers and continuous research and development.
In terms of category, the global chemicals market has been divided into commodity chemicals, specialty chemicals (also referred to as performance chemicals or effect chemicals), agriculture chemicals or agrochemicals and other chemicals such as construction chemicals, cosmetic chemicals, etc. Commodity chemicals or bulk chemicals are a set of chemicals that act as intermediates to other chemicals, which in turn are used to make a wide range of consumer products, including building materials, adhesives, plastics, base chemicals.
The fastest growing regional market was Asia owing to the increase in infrastructure construction activities, growing diversification and industrialization in economies such as Singapore, Malaysia, Thailand and India and increasing demand from various end user industries such as pharmaceuticals and nutraceuticals, personal care and cosmetics, automotive, and electrical and electronics. Other regions such as Europe and North America also hold significant shares in the global chemicals market.
Scope of the report:
- The report provides a comprehensive analysis of the global chemicals market, which is segmented into category and region, with potential impact of COVID-19.
- The major regions (Asia, Europe, NAFTA, Latin America and Rest of the World) along with the country coverage of China, have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The company profiles of leading players (China Petroleum & Chemical Corporation, Eneos Holdings, Inc., BASF SE, Dow Inc., LyondellBasell Industries N.V. and Mitsubishi Chemical Group Corporation) are also presented in detail.
- Manufacturers, Producers, and Traders of Chemicals
- Exporter and Importers
- Raw Material Suppliers
- End Users
- R&D and Investment Companies
- Government Bodies & Regulating Authorities
Table of Contents
80 Pages
- 1. Market Overview
- 1.1 Introduction
- Table 1: Products of Chemical Industry
- 1.2 Classification of Chemicals
- Table 2: Classification of Chemicals
- 1.3 Manufacturing Process of Chemicals
- Table 3: Anatomy of a Chemical Manufacturing Process
- 1.4 Supply Chain of the Chemical Industry
- Table 4: Supply Chain of the Chemical Industry
- 1.5 Difficulties & Risks Associated with the Storage of Chemicals
- Table 5: Difficulties & Risks Associated with the Storage of Chemicals
- 1.6 Chemical Industry Value Chain
- Table 6: Chemical Industry Value Chain
- 1.7 Key Segments in Chemical Industry
- Table 7: Key Segments in Chemical Industry
- 2. Impact of COVID-19
- 2.1 Decline in Industrial Production
- Table 8: Chinese Industrial Production (2018-2021)
- 2.2 Downfall in Chemical Production
- Table 9: Change in Global Chemical Production (Excluding Pharmaceuticals) (2019-2021)
- 2.3 Decrease in Construction Output
- Table 10: Global Construction Output Percentage Change (2019-2020)
- 3. Global Market Analysis
- 3.1 Global Chemicals Market by Value
- Table 11: Global Chemicals Market by Value (2018-2022)
- 3.2 Global Chemicals Market Forecast by Value
- Table 12: Global Chemicals Market Forecast by Value (2023-2027)
- 3.3 Global Chemicals Market by Type
- Table 13: Global Chemicals Market by Type (2022)
- 3.3.1 Global Commodity Chemicals Market by Value
- Table 14: Global Commodity Chemicals Market by Value (2018-2022)
- 3.3.2 Global Commodity Chemicals Market Forecast by Value
- Table 15: Global Commodity Chemicals Market Forecast by Value (2023-2027)
- 3.3.3 Global Specialty Chemicals Market by Value
- Table 16: Global Specialty Chemicals Market by Value (2018-2022)
- 3.3.4 Global Specialty Chemicals Market Forecast by Value
- Table 17: Global Specialty Chemicals Market Forecast by Value (2023-2027)
- 3.3.5 Global Agriculture Chemicals Market by Value
- Table 18: Global Agriculture Chemicals Market by Value (2018-2022)
- 3.3.6 Global Agriculture Chemicals Market Forecast by Value
- Table 19: Global Agriculture Chemicals Market Forecast by Value (2023-2027)
- 3.4 Global Chemicals Market by Region
- Table 20: Global Chemicals Market by Region (2022)
- 3.5 Global Chemicals Consumption Forecast by Value
- Table 21: Global Chemicals Consumption Forecast by Value (2022-2027)
- 3.6 Global Chemicals Consumption by Region
- Table 22: Global Chemicals Consumption by Region (2022)
- 4. Regional Market Analysis
- 4.1 Asia
- 4.1.1 Asia Chemicals Market by Value
- Table 23: Asia Chemicals Market by Value (2018-2022)
- 4.1.2 Asia Chemicals Market Forecast by Value
- Table 24: Asia Chemicals Market Forecast by Value (2023-2027)
- 4.1.3 Asia Chemicals Consumption Forecast by Value
- Table 25: Asia Chemicals Consumption Forecast by Value (2022-2027)
- 4.1.4 China Chemicals Market Forecast by Value
- Table 26: China Chemicals Market Forecast by Value (2022-2027)
- 4.1.5 China Chemicals Consumption Forecast by Value
- Table 27: China Chemicals Consumption Forecast by Value (2022-2027)
- 4.2 Europe
- 4.2.1 Europe Chemicals Market by Value
- Table 28: Europe Chemicals Market by Value (2018-2022)
- 4.2.2 Europe Chemicals Market Forecast by Value
- Table 29: Europe Chemicals Market Forecast by Value (2023-2027)
- 4.2.3 European Union Chemicals Market by Country
- Table 30: European Union Chemicals Market by Country (2022)
- 4.2.4 Europe Chemicals Consumption Forecast by Value
- Table 31: Europe Chemicals Consumption Forecast by Value (2022-2027)
- 4.3 NAFTA
- 4.3.1 NAFTA Chemicals Market by Value
- Table 32: NAFTA Chemicals Market by Value (2018-2022)
- 4.3.2 NAFTA Chemicals Market Forecast by Value
- Table 33: NAFTA Chemicals Market Forecast by Value (2023-2027)
- 4.3.3 NAFTA Chemicals Market by Country
- Table 34: NAFTA Chemicals Market by Country (2022)
- 4.3.4 North America (NAFTA) Chemicals Consumption Forecast by Value
- Table 35: North America (NAFTA) Chemicals Consumption Forecast by Value (2022-2027)
- 4.4 Latin America
- 4.4.1 Latin America Chemicals Market by Value
- Table 36: Latin America Chemicals Market by Value (2018-2022)
- 4.4.2 Latin America Chemicals Market Forecast by Value
- Table 37: Latin America Chemicals Market Forecast by Value (2023-2027)
- 4.4.3 Latin America Chemicals Consumption Forecast by Value
- Table 38: Latin America Chemicals Consumption Forecast by Value (2022-2027)
- 4.5 Rest of the World
- 4.5.1 RoW Chemicals Market by Value
- Table 39: RoW Chemicals Market by Value (2018-2022)
- 4.5.2 RoW Chemicals Market Forecast by Value
- Table 40: RoW Chemicals Market Forecast by Value (2023-2027)
- 4.5.3 RoW Chemicals Consumption Forecast by Value
- Table 41: RoW Chemicals Consumption Forecast by Value (2022-2027)
- 5. Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Growing Consumer Base
- Table 42: Global Population (2017-2022)
- 5.1.2 Increasing Demand for Plastics
- Table 43: Global Annual Production of Plastics (2017-2022)
- 5.1.3 Surging Consumption in the Automotive Industry
- Table 44: Global Motor Vehicle Production (2020-2022)
- 5.1.4 Upswing in Cosmetics Manufacturing
- Table 45: Global Cosmetics Manufacturing Industry Revenue (2017-2022)
- 5.1.5 Expansion of Oil Drilling & Refining Activities
- Table 46: Global Refinery Capacity for Crude Oil (2017-2022)
- 5.2 Key Trends & Developments
- 5.2.1 Accelerating Demand from Construction Industry
- Table 47: Global Construction Market (2020-2030)
- 5.2.2 Rising Usage in Electronic Applications
- Table 48: Global Semiconductor Industry Revenues (2020-2023)
- 5.2.3 Escalating Adoption of Agricultural Fertilizers
- Table 49: Global Demand for Agriculture Fertilizer (2019-2022)
- 5.2.4 Continuous Research and Development
- 5.3 Challenges
- 5.3.1 Price Instability of Crude Oil
- Table 50: Average Annual Brent Crude Oil Price (2017-2022)
- 5.3.2 Rise in Operating Cost
- 5.3.3 Increased Environmental Regulations
- 6. Company Profiles
- 6.1 China Petroleum & Chemical Corporation (Sinopec)
- 6.1.1 Business Overview
- 6.2 Eneos Holdings, Inc.
- 6.2.1 Business Overview
- 6.3 BASF SE
- 6.3.1 Business Overview
- 6.4 Dow Inc. (The Dow Chemical Company)
- 6.4.1 Business Overview
- 6.5 LyondellBasell Industries N.V.
- 6.5.1 Business Overview
- 6.6 Mitsubishi Chemical Group Corporation
- 6.6.1 Business Overview
Pricing
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