The Chemicals Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s insightful Chemicals Global Market Report for 2024, the chemical industry has witnessed robust growth in recent years, demonstrating a notable ascent from $5115.19 billion in 2024 to a projected $5574.05 billion by the same year, boasting a commendable compound annual growth rate (CAGR) of 9.0%. This expansion in the historical period can be attributed to various factors, including global economic conditions, trends, raw material costs, market consolidation, and the burgeon of the global population.
Anticipating continued momentum, the chemicals market is poised for substantial growth, reaching an estimated $7788.18 billion by 2028, with a CAGR of 8.7%. This forecasted surge is underpinned by compelling factors such as stringent environmental regulations, shifts in consumer preferences, the ascendancy of renewable and bio-based materials, geopolitical considerations, and an enhanced focus on health and safety protocols. Key trends in the foreseeable future encompass sustainability and green chemistry, digital transformation, circular economy paradigms, advancements in materials and nanotechnology, supply chain resilience, as well as the overarching influence of digitalization and industry 4.0.
Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period.
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The chemicals market covered in this report is segmented –
1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals
2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide
3) By End Userr: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users
Top 5 Major Players:
- Sinopec Limited
- China National Chemical Corporation (ChemChina)
- BASF SE
- Procter & Gamble Company
- Unilever PLC
Subsegments Covered:, Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals
Within this dynamic landscape, chemical enterprises are progressively embracing sustainable and eco-friendly methodologies to mitigate the environmental impact of their manufacturing processes. The evolution in technology and chemical sciences facilitates the adoption of alternative fuels, with companies utilizing naturally available carbon dioxide to craft fuels, industrial products, and various substances. A case in point is Akzo Nobel N.V., a titan in chemicals and coatings, committing a substantial investment in Green Lizard Technologies’ patented process for surfactant production derived from plants, a notable shift from conventional oil-based methods. This strategic move exemplifies the industry’s commitment to ushering in a new era of responsible and innovative chemical manufacturing practices.
The chemicals market report table of contents includes:
1. Executive Summary
2. Chemicals Market Characteristics
3. Chemicals Product/Service Analysis -Product/Service Examples
4. Chemicals Market Trends And Strategies
5. Chemicals Market – Macro Economic Scenario
68. Global Chemicals Market Competitive Benchmarking
69. Global Chemicals Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Chemicals Market
71. Chemicals Market Future Outlook and Potential Analysis
72. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Chemicals Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Chemicals Market, Segmentation By Type of Intermediate Chemicals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Chemicals Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……
Table 144: Sinopec Limited Financial Performance
Table 145: China National Chemical Corporation (ChemChina) Financial Performance
Table 146: BASF SE Financial Performance
Table 147: Procter & Gamble Company Financial Performance
Table 148: Unilever plc Financial Performance
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