The chemicals industry is one of the largest manufacturing industries in the world. It manufactures a variety of chemicals products by processing raw materials such as air, water, natural gas, oil, metals and minerals. While many of the products from the industry, such as detergents, soaps and perfumes, are purchased directly by the consumer, 70% of chemicals manufactured are used by other industries Including other branches of the chemicals industry itself, to make products.
Asia Pacific was the largest region in the chemicals manufacturing market in 2017, accounting for 36% market share. Western Europe was the second largest region accounting for 26% market share. Of the featured regions, Africa was the smallest region accounting for 3% market share.
Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipments’ and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns.
Companies Covered: China Petroleum & Chemical Corporation (Sinopec), BASF SE, Bayer AG, Dow Chemical, LyondellBasell Industries
Market segments Included: Ethyl Alcohol and Other Basic Organic Chemical; Petrochemicals; Plastic Material and Resins; Fertilizer; Toiletries; General Chemical Product; Soap And Cleaning Compounds; Paints and Coatings; Other Basic Inorganic Chemical; Pesticide And Other Agricultural Chemicals; Synthetic Rubber And Fibers; Adhesives; Synthetic Dye And Pigment; Industrial Gas; Printing Inks
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Industrial Gas Global Market Report 2018
Petrochemicals Market Global Briefing 2018
Adhesives Market Global Briefing 2018
Ethyl Alcohol and Other Basic Organic Chemicals Market Global Briefing 2018
Fertilizer Market Global Briefing 2018
Toiletries Market Global Briefing 2018
Industrial Gas Market Global Briefing 2018
Paints And Coatings Market Global Briefing 2018