Global Chemicals Market, By Product (Specialty Chemicals, Commodity Chemicals), End-Use (Specialty Chemicals, Commodity Chemicals), Application (Agrochemicals, Flavors Ingredients, Fragrances Ingredients, Dyes & Pigments, Personal Care Active Ingredients, Water Treatment Chemicals, Construction Chemicals, Surfactants, Textile Chemicals, Bio-Based Chemicals, Polymer Additive, Oilfield Chemicals, Paper & Pulp Chemicals, Electronics Chemicals, Specialty Polymers, Pharmaceutical Ingredients, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Chemicals Market
The chemicals market is expected to witness market growth at a rate of 5.0% in the forecast period of 2021 to 2028 and is expected to reach USD 179.00 million by 2028. Data Bridge Market Research report on chemicals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the rate of industrial applications is escalating the growth of chemicals market.
The chemical refer to the chemical products that assist in offering numerous effects to industries that they cater to such as additives, construction, oil & gas, textile, ink additives, construction, cosmetics and food among others. These could either be single-chemical formulations or entities whose composition influences the performance of the customers’ product. They are utilized on the basis of their performance and function.
The rise in the consumption of chemicals across end-use industries such as polymers and resins, construction and pharmaceutical among others acts as one of the major factors driving the growth of chemicals market. The increase in distribution of commodity and specialty chemicals by third parties than the sale of products directly to end users because of the outsourcing of value-added services such as blending, waste removal, logistics, packaging, imparting technical training and inventory management accelerate the chemicals market growth. The expansion of sectors such as automotive, pharmaceutical and electronics and the significant growth of industrial manufacturing sector further influences the chemicals market. Additionally, high usage in industrial and manufacturing sectors for essential raw material, demand for sustained construction activities, rise in investments in the housing market, research and development activities and increase in disposable income positively affect the chemicals market. Furthermore, development of environmental-friendly products and new production projects extend profitable opportunities to the chemicals market players in the forecast period of 2021 to 2028.
On the other hand, stringent regulations and fluctuations in raw material costs are the factors expected to obstruct the chemicals market growth. The negative impact of COVID-19 on the manufacturing sectors is projected to challenge the chemicals market in the forecast period of 2021-2028.
This chemicals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Chemicals Market Scope and Market Size
The chemicals market is segmented on the basis of product, end-use and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the chemicals market is segmented into specialty chemicals and commodity chemicals.
- On the basis of end-use, the chemicals market is segmented into specialty chemicals and commodity chemicals.
- On the basis of application, the chemicals market is segmented into agrochemicals, flavors ingredients, fragrances ingredients, dyes & pigments, personal care active ingredients, water treatment chemicals, construction chemicals, surfactants, textile chemicals, bio-based chemicals, polymer additive, oilfield chemicals, paper & pulp chemicals, electronics chemicals, specialty polymers, pharmaceutical ingredients and others.
Global Chemicals Market Country Level Analysis
The chemicals market is analyzed and market size, volume information is provided by country, product, end-use and application as referenced above.
The countries covered in the globally chemicals market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the chemicals market because of the rise in manufacturing activities, rise in per capita disposable income, expansion of sectors such as automotive, construction and electrical and electronics.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chemicals Market Share Analysis
The chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to chemicals market.
The major players covered in the chemicals market report are BASF SE, Univar Solutions Inc., HELM AG, Brenntag SE, ICC Industries, Inc., Barentz, Azelis, Omya AG, IMCD, Biesterfeld AG, Safic-Alcan, STOCKMEIER Group, REDA Chemicals, Ashland, Jebsen & Jessen Pte Ltd., Quimidroga, solvadis deutschland gmbh, TER Group, Akzo Nobel N.V., Solvay, Huntsman International LLC, Chemtura Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.