The General Chemical Product Global Market Report 2023, provides comprehensive information on the general chemical product market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s General Chemical Product Global Market Report 2023, the market size is expected to grow from $260.69 billion in 2022 to $309.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global general chemical product market is expected to reach $389.82 billion in 2027 at a CAGR of 5.9%.
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Product innovation is the key trend gaining popularity in the general chemical products market. Major companies operating in the general chemical products market are focusing on developing new products. For instance, in August 2020, Locus Performance Ingredients™, a US-based biochemistry and fermentation company launched Ferma™. The product has a pure sophorolipid family of biosurfactants (INCI: Glycolipids) that provides safer and more sustainable component solutions with 5-25 times greater performance, allowing for reduced consumption rates and a 37% reduction in carbon footprint. The Ferma™ line assists personal care formulators in overcoming regulatory obstacles, financial constraints, and customer concerns by giving access to highly adaptable ingredients that are 100% bio-based and GMO-free.
The general chemical product market is segmented:
1) By Type: Except Basic Chemicals, Resins, Synthetic Rubber, Other Types
2) By Product Type: Organic, Inorganic
3) By Application: Household, Commercial
Asia-Pacific was the largest region in the general chemical product market in 2022.
The table of contents in TBRC’s general chemical product market report includes:
1. Executive Summary
2. General Chemical Product Market Characteristics
3. General Chemical Product Market Trends And Strategies
4. General Chemical Product Market – Macro Economic Scenario
5. General Chemical Product Market Size And Growth
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26. Africa General Chemical Product Market
27. General Chemical Product Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The General Chemical Product Market
29. General Chemical Product Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- BASF SE
- Borealis AG
- Eastman Chemical Company
- INEOS Group Limited
- LyondellBasell Industries Holdings B.V
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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