Chemicals Market | Characteristics, Forecast Size, Trends
Posted: Feb 21, 2019
The chemicals market size is expected to reach $3 trillion by 2022, significantly growing at a CAGR of around 0.2% during the forecast period.
Chemicals Global Market Report 2019 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the global chemicals market.
Where is the largest and fastest growing market for chemicals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The chemicals market global report from The Business Research Company answers all these questions and many more.
The report covers the global chemicals market characteristics, chemicals market size and growth, chemicals market segmentation, regional and country breakdowns, chemicals market competitive landscape, chemicals market shares, and trends and strategies for the chemicals industry. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider chemicals market, and compares it with other markets.
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Major players in the global chemicals market included in the report are China Petroleum & Chemical Corporation (Sinopec), BASF SE, Bayer AG, Dow Chemical, and Lyondell Basell Industries.
market size is expected to reach $3 trillion by 2022, significantly growing at a CAGR of around 0.2% during the forecast period. The growth in the chemicals market is due emerging markets growth, low oil prices and emergence of multinational chemicals companies.
However, the market for chemicals is expected to face certain restraints from several factors such as safety, regulatory challenges and changing regulations.
market is segmented into ethyl alcohol and other, petrochemicals, plastics materials and resin, fertilizer, toiletries, general chemical product, soap and cleaning compounds, paints and coatings, other basic inorganic chemical, pesticide and other agricultural chemicals, synthetic rubber and fibres, adhesives, synthetic dye and pigment, synthetic dye and pigment, printing inks. Among these segments, the ethyl alcohol and other chemicals market accounts for the largest share in the global chemicals market.
By Geography - The global chemicals is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North America chemicals market accounts the largest share in the global chemicals market.
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