Store - Chemicals

The Global Chemical Industry by Sector

The chemical industry is one of the largest and most important industries in the world. It produces a vast range of products that are used in many sectors, including agriculture, automotive, construction, healthcare, and manufacturing.

There are three major sectors in the global chemical industry: basic chemicals, specialty chemicals, and agrochemicals.

The basic chemicals sector is the largest of the three, accounting for around 40% of the total market. This sector includes products such as acids, alkalis, fertilizers, and petrochemicals.

The specialty chemicals sector is the second largest, accounting for around 30% of the total market. This sector includes products such as adhesives, cosmetics, coatings, and dyes.

The agrochemicals sector is the smallest of the three, accounting for around 30% of the total market. This sector includes products such as pesticides and herbicides.

All three sectors are forecast to grow in the next few years. The basic chemicals sector is expected to grow at a rate of 3-4%, the specialty chemicals sector is expected to grow at a rate of 5-6%, and the agrochemicals sector is expected to grow at a rate of 7-8%.

The Global Chemical Industry by Company

The global chemical industry is dominated by a few large companies. The top 10 companies account for about 50% of the industry's total revenue. The largest company, BASF, has a market share of about 10%.

The top 10 companies in the global chemical industry are:

1. BASF
2. Dow Chemical
3. ExxonMobil Chemical
4. LyondellBasell
5. Shell Chemical
6. SABIC
7. Sumitomo Chemical
8. DuPont
9. Huntsman Corporation
10. AkzoNobel

The Asia-Pacific Chemical Industry

The Asia-Pacific chemical industry is forecast to grow at a compound annual growth rate (CAGR) of 5.5% from 2018 to 2025, driven by factors such as the increasing demand for chemicals from end-use industries such as construction, transportation, and consumer goods, and the growing population and income levels in the region.

The industry is expected to be worth US$2.2 trillion by 2025, up from US$1.6 trillion in 2018. China is the largest market in the region, accounting for over 60% of the total market size. Other major markets in the region include India, Japan, South Korea, and Australia.

The Asia-Pacific chemical industry is a highly fragmented market, with many small- and medium-sized enterprises (SMEs) accounting for a significant share of the total market. The top 10 companies in the region account for less than 20% of the total market size.

The North American Chemical Industry

The North American chemical industry is a large and important sector of the economy. The industry produces a wide variety of chemicals, including plastics, fertilizers, and pharmaceuticals.

The chemical industry is an important driver of economic growth in North America. The industry employs a large number of workers and generates a significant amount of revenue. In recent years, the chemical industry has been growing at a steady pace.

The future outlook for the chemical industry is positive. Experts expect the industry to continue to grow in the coming years. This growth will be driven by factors such as population growth and the increasing demand for chemicals from emerging economies.

The European Chemical Industry

The European chemical industry is a large and diverse sector, with over 50,000 companies operating in a wide range of markets. The industry employs over 1.5 million people and has a turnover of over €1 trillion. The sector is highly innovative, with around €20 billion being spent on research and development each year.

The European chemical industry is a world leader, with around 30% of the global market share. The sector is highly competitive, with many large multinational companies operating in Europe. The industry is also an important contributor to the EU economy, accounting for around 4% of GDP.

Looking to the future, the European chemical industry is facing some challenges. One of the biggest challenges is the increasing regulation of chemicals. Another challenge is the rise of Asia as a major competitor in the global market. However, the European chemical industry is still expected to grow in the coming years, with a projected growth rate of 3-4%.

The South American Chemical Industry

The South American chemical industry is one of the fastest growing in the world. The main drivers of its growth are the increasing demand for chemicals from end-use industries such as construction, automotive, and electronics, and the growing population and economy in the region.

The South American chemical industry is dominated by Brazil, which accounted for 38% of the region's production. Other major producers in the region include Argentina (16%), Chile (9%), and Colombia (8%).

The most important end-use industries for chemicals in South America are construction, automotive, and electronics. Construction is the largest market, accounting for 29% of total demand. This is followed by the automotive sector (27%), and the electronics sector (14%).

Overall, the South American chemical industry is expected to continue growing at a strong pace in the coming years. Increasing demand from end-use industries, combined with a growing population and economy, will drive this growth.

The Middle Eastern and African Chemical Industry

The Middle Eastern and African chemical industry is forecast to grow at a compound annual growth rate (CAGR) of 5.5% from 2018 to 2023.

The region's strong economic growth, rising population, and increasing urbanization are the main drivers of the chemicals industry. The region's growing construction sector is also a key driver of demand for chemicals.

The region's major chemical producers include Saudi Arabia, the United Arab Emirates, and South Africa. These countries have well-established petrochemical industries and are expected to continue to dominate the regional market.

The Middle Eastern and African chemical industry is forecast to continue growing at a strong pace in the coming years.

Conclusion

The chemical industry is forecast to grow significantly in the next decade. The demand for chemicals is driven by population growth, economic development, and changing lifestyles. The Asia-Pacific region is expected to be the largest market for chemicals, followed by North America and Europe. The Middle East & Africa and South America are also expected to show significant growth in the coming years.