Chemicals By End Use Market Characteristics
The market for chemicals by end use consists of sales of chemicals by entities (organizations, sole traders and partnerhsips) that produce chemicals. The market is classified into different products based on their end use or application. Examples include toiletries, fertilizers and adhesives.
Competitive Landscape of the Chemicals By End Use Market
Major players in the global chemicals by end use market include China Petroleum & Chemical Corporation (Sinopec), BASF SE, Bayer AG, Dow Chemical, LyondellBasell Industries.
Chemicals By End Use Market Size
The chemicals by end use market size is expected to reach $4.1 trillion by 2022, significantly growing at a CAGR of around 3.3% during the forecast period. The growth in the chemicals by end use market is due to emerging markets growth, low oil prices and emergence of multinational chemicals companies.
However, the market for chemicals by end use is expected to face certain restraints from several factors such as reduction in free trade, regulations surrounding carbon emissions and safety.
Chemicals By End Use Market Segmentation
The global chemicals by end use market is further segmented based on type and geography.
By Type - The chemicals by end use market is segmented into ethyl alcohol and other basic organic chemical, petrochemicals, plastics materials and resin, fertilizer, toiletries, general chemical product, soap and cleaning compounds, paints and coatings, printing inks, industrial gas, adhesives, synthetic dye and pigment, synthetic rubber and fibre, pesticide and other agricultural chemicals, other basic inorganic chemical, among these segments, the ethyl alcohol and other basic organic chemical market accounts for the largest share in the global chemicals by end use market.
By Geography - The global chemicals By End Use is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific chemicals by end use market accounts the largest share in the global chemicals by end use market.
Trends in the Chemicals By End Use Market
Shifting production facilities to emerging markets, chemical manufacturers adopting IOT technology and rapid evolution in green technologies are the major trends witnessed in the global chemicals by end use market.
Potential Opportunities in the Chemicals By End Use Market
With increase in global chemicals mergers and acquisitions (M&A), economic growth, the scope and potential for the global chemicals by end use market is expected to significantly rise in the forecast period.