The Business Research Company’s chemicals
global market report,
covers the year-on-year growth of the global chemicals market historic
and forecast growth. It also includes chapters on the chemicals market trends, geographical
analysis, and competitive landscape.
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the report at:
The global chemicals market is expected to reach
around $4 trillion by 2022, significantly growing at a CAGR of 3.3% during the
forecast period.
Chemicals
Market Trends
The
chemicals manufacturing market consists of the sales of chemicals by entities
(organizations, sole traders and partnerships) that produce chemicals based on
the transformation of organic and inorganic raw materials by a chemical process
and the formulation of products (but excluding beneficiating of mining output,
refining of crude petroleum, manufacturing of aluminium oxide, primary metal
manufacturing, beverage distilling, tobacco manufacturing).The chemicals
industry establishments produce a variety of chemical products by processing
raw materials such as air, water, natural gas, oil, metals and minerals.
The
focus of production is now being shifted to developing countries like China,
India, as these countries are increasingly investing in local chemicals
production. Rapid growth is expected in local chemicals production in China,
India, the Middle East and Africa. During the 2016- 2021 period China’s
chemicals production is expected to grow at 10% per year. Similarly, chemicals
production in India is expected to have a compound annual growth rate (CAGR) of
8% from 2015 – 2021. Local production in the Middle East is also expected to
grow at over 5% per year from 2014 to 2021. Lower labor costs, low trade
barriers, advances in technology and ease of transportation are the key drivers
that contribute towards the shift in a significant portion of production in the
chemicals industry from developed countries to the developing countries.
The global chemicals market is primarily driven by favorable
government policies, low oil prices and emergence of multinational chemicals
companies.
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a sample of the report:
The global chemicals market report covers the
following regions under the geographical analysis section: Asia Pacific,
Western Europe, North America, Middle East, Africa, South America, and Eastern
Europe. Major countries under each of these regions are also covered under the
country analysis chapters.
With increased global economic activity, increase
in global chemicals mergers and acquisitions (M&A), adoption of advanced
technologies, improving economic growth, the global chemicals market is
expected to increase in potential and scope. TBRC’s report also covers the chemicals
drivers and restraints in the market.
The global chemicals market’s segment shares in
each geographic region are mentioned in the report, along with the historic and
forecast growth rates for each segment presented visually with supporting
reasons to justify the growth rates.
The top companies included in the global chemicals
market report are China Petroleum & Chemical Corporation (Sinopec), BASF
SE, Bayer AG, Dow Chemical, LyondellBasell Industries.
About The Business Research Company:
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a Business Intelligence Company which excels in company, market and consumer
research. It has offices in the UK, the US and India and a network of trained
researchers in 15 countries globally.
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