Global Chemicals Market, By Product (Specialty Chemicals, Commodity Chemicals),End-Use (Specialty Chemicals, Commodity Chemicals), Application (Agrochemicals,Flavors Ingredients, Fragrances Ingredients, Dyes & Pigments, Personal CareActive Ingredients, Water Treatment Chemicals, Construction Chemicals,Surfactants, Textile Chemicals, Bio-Based Chemicals, Polymer Additive, OilfieldChemicals, Paper & Pulp Chemicals, Electronics Chemicals, SpecialtyPolymers, Pharmaceutical Ingredients, Others), Country (U.S., Canada, Mexico,Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K.,Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe,Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand,Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, SouthAfrica, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to2028
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Thechemicals market is expected to witness market growth at a rate of 5.0% in theforecast period of 2021 to 2028 and is expected to reach USD 179.00 million by2028. Data Bridge Market Research report on chemicals market provides analysisand insights regarding the various factors expected to be prevalent throughoutthe forecast period while providing their impacts on the market’s growth. Theincrease in the rate of industrial applications is escalating the growth ofchemicals market.
The chemicalrefer to the chemical products that assist in offering numerous effects toindustries that they cater to such as additives, construction, oil & gas,textile, ink additives, construction, cosmetics and food among others. Thesecould either be single-chemical formulations or entities whose compositioninfluences the performance of the customers’ product. They are utilized on thebasis of their performance and function.
The rise inthe consumption of chemicals across end-use industries such as polymers andresins, construction and pharmaceutical among others acts as one of the majorfactors driving the growth of chemicals market. The increase in distribution ofcommodity and specialty chemicals by third parties than the sale of productsdirectly to end users because of the outsourcing of value-added services suchas blending, waste removal, logistics, packaging, imparting technical trainingand inventory management accelerate the chemicals market growth. The expansionof sectors such as automotive, pharmaceutical and electronics and thesignificant growth of industrial manufacturing sector further influences thechemicals market. Additionally, high usage in industrial and manufacturingsectors for essential raw material, demand for sustained constructionactivities, rise in investments in the housing market, research and developmentactivities and increase in disposable income positively affect the chemicalsmarket. Furthermore, development of environmental-friendly products and newproduction projects extend profitable opportunities to the chemicals marketplayers in the forecast period of 2021 to 2028.
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On the otherhand, stringent regulations and fluctuations in raw material costs are thefactors expected to obstruct the chemicals market growth. The negative impactof COVID-19 on the manufacturing sectors is projected to challenge thechemicals market in the forecast period of 2021-2028.
This chemicals market report provides details of new recent developments, trade regulations,import export analysis, production analysis, value chain optimization, marketshare, impact of domestic and localized market players, analyses opportunitiesin terms of emerging revenue pockets, changes in market regulations, strategicmarket growth analysis, market size, category market growths, applicationniches and dominance, product approvals, product launches, geographicalexpansions, technological innovations in the market. To gain more info onchemicals market contact Data Bridge Market Research for an Analyst Brief, ourteam will help you take an informed market decision to achieve market growth.
Thechemicals market is segmented on the basis of product, end-use and application.The growth amongst the different segments helps you in attaining the knowledgerelated to the different growth factors expected to be prevalent throughout themarket and formulate different strategies to help identify core applicationareas and the difference in your target markets.
On the basisof product, the chemicals market is segmented into specialty chemicals andcommodity chemicals.
On the basisof end-use, the chemicals market is segmented into specialty chemicals andcommodity chemicals.
On the basisof application, the chemicals market is segmented into agrochemicals, flavorsingredients, fragrances ingredients, dyes & pigments, personal care activeingredients, water treatment chemicals, construction chemicals, surfactants,textile chemicals, bio-based chemicals, polymer additive, oilfield chemicals,paper & pulp chemicals, electronics chemicals, specialty polymers, pharmaceuticalingredients and others.
Thechemicals market is analyzed and market size, volume information is provided bycountry, product, end-use and application as referenced above.
Thecountries covered in the globally chemicals market report are the U.S., Canadaand Mexico in North America, Germany, France, U.K., Netherlands, Switzerland,Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan,India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia,Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), SaudiArabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest ofSouth America as part of South America.
Asia-Pacificdominates the chemicals market because of the rise in manufacturing activities,rise in per capita disposable income, expansion of sectors such as automotive,construction and electrical and electronics.
The countrysection of the report also provides individual market impacting factors andchanges in regulation in the market domestically that impacts the current andfuture trends of the market. Data points such as consumption volumes,production sites and volumes, import export analysis, price trend analysis,cost of raw materials, down-stream and upstream value chain analysis are someof the major pointers used to forecast the market scenario for individualcountries. Also, presence and availability of global brands and theirchallenges faced due to large or scarce competition from local and domesticbrands, impact of domestic tariffs and trade routes are considered whileproviding forecast analysis of the country data.
Thechemicals market competitive landscape provides details by competitor. Detailsincluded are company overview, company financials, revenue generated, marketpotential, investment in research and development, new market initiatives,global presence, production sites and facilities, production capacities,company strengths and weaknesses, product launch, product width and breadth,application dominance. The above data points provided are only related to thecompanies’ focus related to chemicals market.
The majorplayers covered in the chemicals market report are BASF SE, Univar SolutionsInc., HELM AG, Brenntag SE, ICC Industries, Inc., Barentz, Azelis, Omya AG,IMCD, Biesterfeld AG, Safic-Alcan, STOCKMEIER Group, REDA Chemicals, Ashland,Jebsen & Jessen Pte Ltd., Quimidroga, solvadis deutschland gmbh, TER Group,Akzo Nobel N.V., Solvay, Huntsman International LLC, Chemtura Corporation amongother domestic and global players. Market share data is available for global,North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) andSouth America separately. DBMR analysts understand competitive strengths andprovide competitive analysis for each competitor separately.
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