The chemicals industry is one of the largest manufacturing industries in the world. It manufactures a variety of chemicals products by processing raw materials such as air, water, natural gas, oil, metals and minerals.
Asia was the largest region in the chemicals market in 2016, accounting for approximately 60% market share. China and India are the fast-growing chemicals markets in this region. China accounts for more than half of Asia's chemicals sales. Other than China and India, Japan and Singapore are the important markets in Asia. The growth of the Asian economies, the lower cost of labor and the concentration of manufacturing industries in these countries are the key reasons for their dominance in the global market. The Americas was the second largest region accounting for 20% market share. Europe was the third largest region accounting for 19% market share.
Chemical companies are increasingly adopting sustainable and ecofriendly processes to eliminate negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enabled chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products and other substances. For instance, Elevance Renewable Sciences, a specialty chemicals company, is using green technology, methasis, to produce high concentrated detergents that reduced energy consumption significantky, thus minimizing the impact on the environment.
Chemicals Market Characteristics 5
Chemicals Market Historic Growth 6
Drivers of the Market 7
Restraints on the Market 7
Chemicals Market Forecast Growth 8
Drivers of the Market 9
Restraints on the Market 9
Chemicals Market Comparison With Other Markets 10
Chemical Market Historic and Forecast Growth Comparison With Other Markets 12
Chemicals Market Geography Split 14
Chemicals Market Segmentation 16
Plastics materials 17
General chemical 17
Chemicals Competitive Landscape 18
Dow Chemical Company 21
Key Mergers And Acquisitions In The Chemicals Market 22
Chemicals Market Trends and Strategies 23
Shifting Production Facilities To Emerging Markets 23
Chemical Manufacturers Adopting IoT Technology 23
Rapid Evolution In Green Technologies 23
NAICS Definitions Of Industry Covered In This Report 24
Research Methodology 24
Research Inquiries 24
The Business Research Company 24
Figure 1: Global Chemicals Market, Historic Market Size, 2012-2016, $ Billion 6
Figure 2: Global Chemicals Market, Forecast Market Size, 2016-2020, $ Billion 8
Figure 3: Global Chemical Market Value, Comparison With Other Markets, 2015, $ Billion 10
Figure 4: Global Chemical Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2011-2019, Percentage (%) 12
Figure 5: Global Chemicals Market, Split By Region, 2016, $ Billion 14
Figure 6: Global Chemicals Market, 2016, Split By Segments, $ Billion 16
Figure 7: Global Chemicals Market, Key Competitor Estimated Market Shares, 2016, Percentage (%) 18
Table 1: Global Chemicals Market, Historic Market Size, 2012-2016, $ Billion 6
Table 2: Global Chemicals Market, Forecast Market Size, 2016-2020, $ Billion 8
Table 3: Global Chemical Market Value, Comparison With Other Markets, 2016, $ Billion 11
Table 4: Global Chemical Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2011-2019, Percentage (%) 12
Table 5: Global Chemicals Market, Split By Region, 2016, $ Billion 14
Table 6: Global Chemicals Market, 2016, Split By Segments, $ Billion 16
Table 7: Global Chemicals Market, Key Competitor Estimated Market Shares, 2016, Percentage (%) 19
Sinopec, BASF, Dow Chemical, LyondellBasell, Bayer, Dupont, Saudi Basic Industries Corporation, Exxon Mobil, Ineos
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