DUBLIN, Oct. 24, 2022 /PRNewswire/ — The “Global Chemicals Market (by Category & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)” report has been added to ResearchAndMarkets.com’s providing.
The international chemical substances market is anticipated to report a worth of US$6.58 trillion in 2026, recording progress at a CAGR of 7.38%, for the time interval of 2022-2026.
Factors comparable to rising client base, rising demand for plastics, surging consumption in the automotive business, upswing in cosmetics manufacturing and enlargement of oil drilling & refining actions would drive the progress of the market.
However the market progress can be challenged by value instability of crude oil, rising working prices and elevated environmental laws. Just a few notable developments might embody accelerating demand from building business, rising utilization in digital purposes, escalating adoption of agricultural fertilizers and steady analysis and improvement.
In phrases of class, the international chemical substances market has been divided into commodity chemical substances, specialty chemical substances (additionally known as efficiency chemical substances or impact chemical substances), agriculture chemical substances or agrochemicals and different chemical substances comparable to building chemical substances, beauty chemical substances, and so on.
Commodity chemical substances or bulk chemical substances are a set of chemical substances that act as intermediates to different chemical substances, which in flip are used to make a variety of client merchandise, together with constructing supplies, adhesives, plastics, base chemical substances.
The quickest rising regional market was Asia owing to the enhance in infrastructure building actions, rising diversification and industrialization in economies comparable to Singapore, Malaysia, Thailand and India and rising demand from numerous finish consumer industries comparable to prescription drugs and nutraceuticals, private care and cosmetics, automotive, and electrical and electronics.
Other areas comparable to Europe and North America additionally maintain important shares in the international chemical substances market.
The aggressive panorama of the market, together with the firm profiles of main gamers (China Petroleum & Chemical Corporation, Eneos Holdings, Inc., BASF SE, Dow Inc., LyondellBasell Industries N.V. and Mitsubishi Chemical Group Corporation) are additionally offered in element.
Scope of the report
- The report supplies a complete evaluation of the international chemical substances market, which is segmented into class and area, with potential affect of COVID-19.
- The main areas (Asia, Europe, NAFTA, Latin America and Rest of the World) together with the nation protection of China, have been analyzed.
- The market dynamics comparable to progress drivers, market developments and challenges are analyzed in-depth.
Key Topics Covered:
1. Market Overview
1.1 Introduction
1.2 Classification of Chemicals
1.3 Manufacturing Process of Chemicals
1.4 Supply Chain of the Chemical Industry
1.5 Difficulties & Risks Associated with the Storage of Chemicals
1.6 Chemical Industry Value Chain
1.7 Key Segments in Chemical Industry
2. Impact of COVID-19
2.1 Decline in Industrial Production
2.2 Downfall in Chemical Production
2.3 Decrease in Construction Output
3. Global Market Analysis
3.1 Global Chemicals Market by Value
3.2 Global Chemicals Market Forecast by Value
3.3 Global Chemicals Market by Type
3.3.1 Global Commodity Chemicals Market by Value
3.3.2 Global Commodity Chemicals Market Forecast by Value
3.3.3 Global Specialty Chemicals Market by Value
3.3.4 Global Specialty Chemicals Market Forecast by Value
3.3.5 Global Agriculture Chemicals Market by Value
3.3.6 Global Agriculture Chemicals Market Forecast by Value
3.4 Global Chemicals Market by Region
3.5 Global Chemicals Consumption Forecast by Value
3.6 Global Chemicals Consumption by Region
4. Regional Market
4.1 Asia
4.1.1 Asia Chemicals Market by Value
4.1.2 Asia Chemicals Market Forecast by Value
4.1.3 Asia Chemicals Consumption Forecast by Value
4.1.4 China Chemicals Market Forecast by Value
4.1.5 China Chemicals Consumption Forecast by Value
4.2 Europe
4.3 NAFTA
4.4 Latin America
4.5 Rest of the World
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Consumer Base
5.1.2 Increasing Demand for Plastics
5.1.3 Surging Consumption in the Automotive Industry
5.1.4 Upswing in Cosmetics Manufacturing
5.1.5 Expansion of Oil Drilling & Refining Activities
5.2 Key Trends & Developments
5.2.1 Accelerating Demand from Construction Industry
5.2.2 Rising Usage in Electronic Applications
5.2.3 Escalating Adoption of Agricultural Fertilizers
5.2.4 Continuous Research and Development
5.3 Challenges
5.3.1 Price Instability of Crude Oil
5.3.2 Rise in Operating Cost
5.3.3 Increased Environmental Regulations
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
6.1.2 Market Capitalization Comparison of Key Players
6.1.3 R&D Comparison of Key Players
7. Company Profiles
7.1 Business Overview
7.2 Financial Overview
7.3 Business Strategies
- China Petroleum & Chemical Corporation (Sinopec)
- Eneos Holdings, Inc.
- BASF SE
- Dow Inc(The Dow Chemical Company)
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Group Corporation
For extra details about this report go to https://www.researchandmarkets.com/r/6zvcg8
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