기초 화학제품 시장 예측(-2032년) : 제품 유형, 용도, 최종 사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Basic Chemicals Market is accounted for $865.48 billion in 2025 and is expected to reach $1292.80 billion by 2032 growing at a CAGR of 5.9% during the forecast period. Basic chemicals form the backbone of the chemical sector, acting as starting materials for countless industrial processes. This category includes acids, bases, salts, and petrochemical derivatives that are produced on a large scale. They are indispensable in diverse fields such as agriculture, medicine, textiles, polymers, and infrastructure. A prime example is sulfuric acid, widely applied in fertilizers, cleaning agents, and energy storage systems. Likewise, sodium hydroxide and chlorine remain central to producing paper, soaps, and plastic compounds like PVC. By providing essential inputs, basic chemicals drive industrial activities, foster economic progress, and support innovations, making them a cornerstone of global development.

According to the European Chemical Industry Council (CEFIC), Basic chemicals form the backbone of the European chemical industry, accounting for over 60% of total chemical production volume. Their applications span fertilizers, plastics, solvents, and industrial intermediates.

Market Dynamics:

Driver:

Industrial growth and urbanization

The surge in industrialization and urban growth is a crucial driver for the basic chemicals sector. Expanding industries consistently demand raw materials like acids, bases, and petrochemical derivatives to sustain manufacturing processes and large infrastructure projects. Cities undergoing rapid development require construction materials, plastics, fibers, and coatings, all of which depend on basic chemical inputs. Moreover, the urban population boom increases the consumption of medicines, food products, and hygiene items that rely on chemical manufacturing. This growing dependence encourages mass production of basic chemicals globally. As a result, both industrial progress and city expansion significantly contribute to the sector's rising momentum and worldwide influence.

Restraint:

Volatility in raw material prices

Unpredictable fluctuations in raw material prices strongly restrict the basic chemicals industry. Crude oil and natural gas, key feedstocks for petrochemical production, are especially vulnerable to global market changes. Sudden price hikes increase production expenses and cut into profit margins, making operations less sustainable. Moreover, frequent shifts complicate long-term planning, investment decisions, and supply chain stability. Factors such as international conflicts, policy changes, and uneven demand-supply dynamics further contribute to instability. This constant volatility discourages expansion and innovation, forcing companies to adopt cautious strategies. Thus, reliance on raw materials with highly unstable prices remains one of the biggest barriers to consistent growth in the basic chemicals market.

Opportunity:

Growing demand for green and sustainable chemicals

Sustainability trends open strong growth opportunities in the basic chemicals sector. Rising environmental concerns and tighter government rules are driving industries to switch to cleaner and safer chemicals. Producers are increasingly focusing on bio-based solutions, renewable energy adoption, and innovative low-emission technologies. Eco-friendly chemicals not only help in reducing pollution but also align with the expectations of green-conscious consumers and businesses. Industries like textiles, farming, and packaging are particularly increasing demand for sustainable raw materials. Additionally, initiatives supporting circular economy models-such as recycling and reusing-boost the role of green chemistry. Therefore, the movement toward sustainability creates valuable long-term opportunities for this industry.

Threat:

Intense global competition

Fierce worldwide rivalry is a major threat to the basic chemicals industry. The sector includes global giants, regional producers, and cost-effective suppliers, all competing for market share. This aggressive competition forces companies to cut prices, squeezing profit margins. Low-cost products from emerging nations put additional pressure on established firms in advanced economies. Oversupply in certain categories worsens the situation, creating price instability. To remain competitive, companies must invest in innovation, advanced processes, and branding, but such strategies increase costs. Smaller businesses are especially vulnerable to such conditions. Thus, continuous global competition reduces profitability and restricts long-term growth prospects for the industry.

Covid-19 Impact:

COVID-19 affected the basic chemicals industry in both negative and positive ways. During the early phases, global lockdowns, transport restrictions, and raw material shortages reduced demand in sectors such as construction, textiles, and automotive, causing production delays and revenue declines. At the same time, chemicals gained importance in healthcare and hygiene, driving higher consumption of disinfectants, sanitizers, and pharmaceutical products. The pandemic also highlighted weaknesses in global supply chains, encouraging companies to adopt digital tools and build stronger resilience. Despite the severe disruptions, the sector gradually recovered as industries reopened. Thus, COVID-19 reshaped the market by balancing challenges with emerging opportunities.

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

The organic base chemicals segment is expected to account for the largest market share during the forecast period. Research highlights that organic compounds lead due to their adaptability and ubiquitous use in many sectors, including plastics, pharmaceuticals, agrochemicals, and cosmetics. These include foundational materials like ethylene, methanol, benzene, and propylene. Their widespread applications across diverse end-use industries ensure organic chemicals remain the dominant segment in terms of both revenue and output. Thus, organic chemicals clearly hold the top position in the basic chemicals market.

The polymer synthesis segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the polymer synthesis segment is predicted to witness the highest growth rate. Growing demand for plastics-especially in auto manufacturing, packaging, and infrastructure-has accelerated the need for polymer precursors and synthesis operations. This rapid speed of expansion is due to increased reliance on materials such as polyethylene, polypropylene, and other polymers known for durability and light weight. Consequently, although textiles remain a dominant end-use in volume, polymer synthesis is outpacing all other segments in terms of growth trajectory within the basic chemicals market.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. This leadership stems from aggressive industrial growth, established chemical production capacity, and high consumer and industrial demand-especially in China, India, Japan, and South Korea. The area's cost-effective raw materials, scale economies, and strong investment environment reinforce its competitive edge. As these foundational strengths persist, Asia-Pacific continues to dominate the basic chemicals sector globally and is expected to sustain this position in the foreseeable future.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR. Factors such as accelerated industrial development, rising capital investments, and a dense network of chemical manufacturers in nations like China and India all contribute to this momentum. These countries enjoy strategic advantages-such as government support, established infrastructure, and cost-efficient operations-enabling them to capitalize on rising demand from sectors like specialty chemicals, construction, and consumer products. Thus, Asia-Pacific stands out as the fastest-expanding region in the basic chemicals market.

Key players in the market

Some of the key players in Basic Chemicals Market include BASF SE, Dow Chemical Company, Sinopec Group, LyondellBasell Industries Holdings, INEOS, Shin-Etsu Chemical, Borealis, Eastman Chemical Company, Tokyo Chemical Industry, Sumitomo Chemical, Mitsubishi Chemical, Solvay, Saudi Basic Industries Corporation (SABIC), ExxonMobil Corporation and China National Chemical Corporation.

Key Developments:

In June 2025, Dow announced that it has signed a sale and purchase agreement to sell its 50% interest in DowAksa Advanced Composites Holdings BV (DowAksa) to Aksa Akrilik Kimya Sanayii A.S., a company of Akkok Holding. Aksa Aksa Akrilik Kimya Sanayii A.S., the other 50% joint venture partner, has agreed to acquire Dow's 50% interest. Dow's proceeds from the sale are expected to be $125 million, which reflects, after accounting for debt, an enterprise value of approximately 10x the estimated 2025 operating EBITDA.

In May 2025, BASF and DOMO Chemicals have signed an agreement giving BASF the right to take over DOMO Chemicals' 49% share of the Alsachimie joint venture, in which BASF currently holds 51%. According to applicable laws, the intended transaction is subject to consultations with the relevant social bodies of Alsachimie, following which both companies would enter into a binding purchase agreement.

In April 2025, Sinopec and Saudi Aramco have signed a Venture Framework Agreement to develop a fully integrated petrochemical complex at their joint venture in Saudi Arabia. The agreement seeks to advance engineering studies for the development of a fully-integrated petrochemical complex at Yasref, a joint venture owned by Aramco (62.5 percent) and Sinopec (37.5 percent), enhancing its ability to meet the growing demand for high-quality petrochemical products.

Product Types Covered:

• Petrochemicals
• Fertilizers
• Industrial Gases
• Basic Inorganics
• Intermediates
• Organic Base Chemicals
• Inorganic Base Chemicals

Applications Covered:

• Textile Processing
• Construction Materials
• Consumer Formulations
• Rubber & Elastomer Processing
• Adhesives & Sealants
• Polymer Synthesis
• Pharmaceutical Synthesis

End Users Covered:

• Agriculture
• Automotive
• Food & Beverages
• Pulp & Paper
• Electronics
• Oil & Gas
• Chemical Manufacturing
• Textile Industry
• Pharmaceutical Industry
• Packaging Industry

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 2024, 2025, 2026, 2028, and 2032
• 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 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 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 Basic Chemicals Market, By Product Type

• 5.1 Introduction
• 5.2 Petrochemicals
• 5.3 Fertilizers
• 5.4 Industrial Gases
• 5.5 Basic Inorganics
• 5.6 Intermediates
• 5.7 Organic Base Chemicals
• 5.8 Inorganic Base Chemicals

6 Global Basic Chemicals Market, By Application

• 6.1 Introduction
• 6.2 Textile Processing
• 6.3 Construction Materials
• 6.4 Consumer Formulations
• 6.5 Rubber & Elastomer Processing
• 6.6 Adhesives & Sealants
• 6.7 Polymer Synthesis
• 6.8 Pharmaceutical Synthesis

7 Global Basic Chemicals Market, By End User

• 7.1 Introduction
• 7.2 Agriculture
• 7.3 Automotive
• 7.4 Food & Beverages
• 7.5 Pulp & Paper
• 7.6 Electronics
• 7.7 Oil & Gas
• 7.8 Chemical Manufacturing
• 7.9 Textile Industry
• 7.10 Pharmaceutical Industry
• 7.11 Packaging Industry

8 Global Basic Chemicals Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Dow Chemical Company
• 10.3 Sinopec Group
• 10.4 LyondellBasell Industries Holdings
• 10.5 INEOS
• 10.6 Shin-Etsu Chemical
• 10.7 Borealis
• 10.8 Eastman Chemical Company
• 10.9 Tokyo Chemical Industry
• 10.10 Sumitomo Chemical
• 10.11 Mitsubishi Chemical
• 10.12 Solvay
• 10.13 Saudi Basic Industries Corporation (SABIC)
• 10.14 ExxonMobil Corporation
• 10.15 China National Chemical Corporation