Chemicals Industry Analysis – Market Trends, Market Drivers, and Market Forecast Market Analysis
Chemicals Industry Overview
The global chemicals industry is one of the largest in the world and accounts for approximately 15% of the US manufacturing economic sector. Digitalization is leading the innovation for almost all major industries and this trend is currently having a large impact within the chemicals industry. The adoption of digital technology is helping chemical companies increase the profitability of their operations and improve supply chain management. By building digitally enabled intelligent chemicals plants, manufacturers are scaling up their operations allowing them to gain end-to-end financial visibility. This digital integration creates reduced risk, better waste management, optimization of the production network, and most of all better workforce safety.
In addition to the digitalization of the chemicals industry, other major trends expected to gain traction in the coming years include changes in business models, more mergers and acquisitions, and China's continued emergence. The trends will be the driving forces behind the growth of the major segments within the global chemicals industry. Other insights provided within Technavio’s chemicals industry reports include:
Chemicals Industry Statistics and Insights
- All of the major segments within the global chemicals industry are expected to witness strong growth over the next few years. For example, the global specialty chemicals market is expected to increase USD 226 billion in market size by 2022, while the market size for industrial gases will grow over USD 29 billion by between 2017-2021.
- Untapped regional markets and emerging economies are offering profound growth opportunities for participants within the global agrochemicals market. We forecast this market will grow more than USD 40 billion between 2016-2021, reaching USD 262.5 billion in market size.
- The Asia-Pacific (APAC) is the major driving force of the global mining chemicals market. This region accounts for more than 50% of the regional market share as countries in the APAC region not only have a high occurrence of mining operations, but they also have favorable regulatory environments.
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Chemicals Industry Segmentation Analysis
Within our chemicals industry research, we provide deep insights into the global chemicals market landscape and its segments. Our research experts segment this market by commodity chemicals, specialty chemicals, industrial gases, and fertilizers & agricultural chemicals.
Commodity Chemicals Market
The commodity chemicals market is witnessing positive growth from its inorganic commodity chemicals segment. A primary factor for this growth is the strong performance of the sulfuric acid market, owing to increased sulfuric acid use from farmers to produce quality fertilizers for agricultural use, which leads to boosted production capacity.
Specialty Chemicals Market
The specialty chemicals market is currently in the middle of an ongoing transition towards China as an important market player. The importance of China in this market is not only due to its importance as manufacturing location but also as an import consumer of specialty chemicals. This market is typically tied to economic growth and was recently impacted by China's economic slowdown, further stating China's importance to this market.
In comparison to commodity chemicals, the market for specialty chemicals is a more attractive segment for manufacturers as countries like China, and even Japan and South Korea, offer high growth potential due to the availability of inexpensive labor and favorable environmental conditions.
Industrial Gases Market
The chemical industry uses industrial gases as a feedstock in manufacturing priority compounds. Industrial gases will see increased use from manufacturing and process industries such as energy, oil and gas, petrochemicals, chemicals, food and beverage, healthcare, and electronics to improve the quality of their products. This increased use will lead to strong growth for the industrial gases market through 2021.
Chemicals Industry Research Portfolio:
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Commodity Chemicals Market
- Coal-Based Commodity Chemicals
- Polyvinylchloride (PVC) market
- Methanol market
- Petro-Based Commodity Chemicals
- Poly-ethylene (PE) market
- Poly-propylene (PP) market
- Polyamide market
- Coal-Based Commodity Chemicals
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Specialty Chemicals Market
- Paints and Coating Chemicals Market
- Organic coating chemical market
- Alkyd coating chemicals market
- Polyurethane coatings chemical market
- Inorganic coatings chemical market
- Acrylic coating chemicals market
- Ceramic coating chemical market
- Intumescent coating chemicals market
- Organic coating chemical market
- Specialty Polymers Market
- Printing Inks Chemicals Market
- Rubber Chemicals Market
- Polyurethane (PU) market
- Polychloroprene (CR) market
- Epichlorohydrin (ECO) market
- Cosmetic Chemicals Market
- Dyes and Pigments Chemical Market
- Plastic Additives Chemicals Market
- Detergent Chemicals Market
- Anionic surfactants chemicals market
- Non-ionic surfactants chemicals market
- Textile Chemicals Market
- Flavor and Fragrances Chemical Market
- Natural fragrances chemicals market
- Vanillin synthetic market
- Triethyl citrate synthetic market
- Synthetic fragrances chemicals market
- Natural fragrances chemicals market
- Water Chemicals Market
- Paper Chemicals Market
- Paints and Coating Chemicals Market
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Industrial Gases Market
- Propane Market
- Nitrogen Market
- Argon Market
- Carbon Dioxide (CO2) Market
- Neon Market
- Carbon Monoxide Syngas Market
- Helium Market
- Welding and Cutting Gas Chemicals Market
- Oxy-Acetylene welding chemical market
- Oxy-gasoline welding chemical market
- MAPP gas welding chemicals market
- Acetylene Market
- Dry Ice Market
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Fertilizers and Agricultural Chemicals Market
- Pesticide Chemical Market
- Fungicide chemicals market
- Insecticide chemicals market
- Herbicide chemicals market
- Bio-pesticide chemicals market
- Fertilizers Market
- Potassic chemicals market
- Nitrogenous chemicals market
- Phosphatic chemicals market
- Plant Growth Regulator Chemicals Market
- Pesticide Chemical Market
With our comprehensive understanding of the chemicals industry, we have been monitoring the latest industry trends and developments to create an in-depth portfolio of chemicals market reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our chemicals market reports offer the following insights:
- Chemicals industry overview
- Chemicals industry statistics
- Chemicals industry trends
- Chemicals market share
- Chemicals market size
- Chemicals market growth
- Chemicals market forecast
- Chemicals market vendor landscape
In addition to the above-mentioned reports, our research also helps clients gain market insight on the changing growth patterns of related markets like the global synthetic zeolites market, agrochemical market, carbohydrases market, construction chemicals market, bioethanol market, and chitosan market.
