세계 화학제품 시장 예측(-2030년) : 유형별, 최종 사용자별, 지역별 분석

According to Stratistics MRC, the Global Chemical Market is accounted for $659.9 billion in 2023 and is expected to reach $1066.6 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Chemical goods are those that help a variety of sectors that they serve, including food, oil and gas, textiles, ink additives, construction, and additives for additives. These may be mixtures made up of just one ingredient or things whose makeup affects how well the customer's product works. They are used in accordance with their functionality and performance.

According to a report published by India Brands Equity Foundation, the FDI inflows in the chemical sector reached $18.69 billion from April 2020 and June 2021.

Market Dynamics:

Driver:

Growing need for specialty chemicals

There is a considerable demand for specialty chemicals, which are high-performance, high-value substances employed in certain applications. These frequently serve specialized and sophisticated markets including biotechnology, electronics, and aerospace. The need for highly specialized chemicals made specifically for these sectors is rising as a result of technological improvements. The market is driven by the growing demand for cutting-edge materials and customized solutions.

Restraint:

Environmental regulations

Environmental rules pertaining to the chemicals business are getting more and more strict with the goal of lowering emissions, waste, and pollution. Adherence to these laws necessitates substantial expenditures on machinery, procedures, and disposal systems. Traditional chemical products and processes also face challenges from sustainability concerns and the quest for greener alternatives. These are the factors that are limiting the market's expansion.

Opportunity:

Advances in technology

Innovation and technological advancements have had a big influence on the chemicals sector. Novel goods and applications have been developed as a result of new manufacturing techniques including biotechnology and nanotechnology. Furthermore, developments in catalysts, process optimization, and chemical synthesis have increased productivity and opened up new avenues for the creation of novel chemical products. These are the driving forces behind the market's expansion.

Threat:

Volatility in raw material prices

Natural gas, petroleum, and other basic minerals are major sources of supply for the chemicals sector. The profitability of chemical factories may be impacted by changes in the price of certain raw materials. Market fluctuations, supply-demand dynamics, and geopolitical tensions are a few examples of the variables that might affect price volatility. This is the main aspect holding back the market's expansion.

COVID-19 Impact:

The global specialty chemicals value chain has been disrupted as a result of the COVID-19 epidemic. A decline in chemical output and demand was reflected in the temporary closure of chemical production facilities across the world and the limitations placed on the transit of commodities. The demand from sectors that employ specialized chemicals heavily influences both production and use of these materials.

The specialty chemicals segment is expected to be the largest during the forecast period

The specialty chemicals segment is expected to be the largest during the forecast period. This is ascribed to developments in process technology, trade liberalization, and the rising demand for chemicals used in electronics, water treatment, and building. The increasing need for tastes and perfumes, food and feed additives, medications, and other items is also credited with the development. As processed foods and drinks have grown more common in industrialized countries, there has been a rise in the need for flavoring agents.

The food & beverage segment is expected to have the highest CAGR during the forecast period

The food & beverage segment is expected to have the highest CAGR during the forecast period. wth of the food and beverage industry in the region has been largely attributed to a number of factors, including reliance on food trade, global tastes, shifting consumer preferences and lifestyles, strategic geographic location, and Gulf food programs. It is also anticipated that these factors will drive demand for specialty chemicals over the anticipated years.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the increasing focus and investments. With a growing emphasis on lowering greenhouse gas emissions, advancing circular economy principles, and embracing bio-based alternatives to conventional chemicals, it has been at the forefront of sustainability and environmental projects. The market is expected to be driven by factors including increased investments, fierce rivalry, and the presence of several chemical manufacturing businesses.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to the rise in manufacturing activities, rise in per capita disposable income, expansion of sectors such as automotive, construction and electrical and electronics. Economic development, industrialization, and the expansion of significant end-use industries are blamed for this. The chemical industry is expanding at a faster rate than other major chemical-producing nations.

Key players in the market:

Some of the key players in Chemical market include BASF SE, Dow Chemical Company, EChemicalonMobil, DuPont de Nemours, Inc., Linde plc, Bayer AG, Mitsubishi Chemical Corporation, Eastman Chemical Company, Evonik Industries, Clariant, Lanxess, Air Products and Chemicals, Inc., Borealis AG, LyondellBasell, SABIC , 3M Company and Ansell Limited.

Key Developments:

In June 2023, Avient Corporation and BASF SE have collaborated to offer colored grades of Ultrason high-performance polymers to the global market.

In December 2022, Clariant AG announced to strengthen its position in China and expand its care chemicals facility in the country, including pharmaceutical, personal care, home care, and industrial applications. The company provides care chemicals under its specialty segment.

In April 2022, Evonik invested in increasing production capacity for isobutene derivatives at its Marl location by 50%5. The isobutene part of the C4 production network produces the petrochemical specialties Tertiary Butanol (TBA), Di- isobutene (DiB), and 3,5,5 Trimethylhexanal (TMH).

Types Covered:

• Specialty Chemicals
• Fine Chemicals
• Consumer Chemicals
• Basic Chemicals
• Other Types

End Users Covered:

• Consumer Goods
• Pharmaceuticals
• Agrochemicals
• Industrial
• Personal Care
• Food & Beverage
• Construction
• Paints and Coatings
• Automotive
• Textiles
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options::

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Chemical Market, By Type

• 5.1 Introduction
• 5.2 Specialty Chemicals
• 5.3 Fine Chemicals
• 5.4 Consumer Chemicals
• 5.5 Basic Chemicals
• 5.6 Other Types

6 Global Chemical Market, By End User

• 6.1 Introduction
• 6.2 Consumer Goods
• 6.3 Pharmaceuticals
• 6.4 Agrochemicals
• 6.5 Industrial
• 6.6 Personal Care
• 6.7 Food & Beverage
• 6.8 Construction
• 6.9 Paints and Coatings
• 6.10 Automotive
• 6.11 Textiles
• 6.12 Other End Users

7 Global Chemical Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 BASF SE
• 9.2 Dow Chemical Company
• 9.3 EChemicalonMobil
• 9.4 DuPont de Nemours, Inc.
• 9.5 Linde plc
• 9.6 Bayer AG
• 9.7 Mitsubishi Chemical Corporation
• 9.8 Eastman Chemical Company
• 9.9 Evonik Industries
• 9.10 Clariant
• 9.11 Lanxess
• 9.12 Air Products and Chemicals, Inc.
• 9.13 Borealis AG
• 9.14 LyondellBasell
• 9.15 SABIC
• 9.16 3M Company
• 9.17 Ansell Limited