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.
The global chemicals market was valued at $3652.7 billion in 2017. Asia Pacific was the largest geographic region accounting for $1035.38 billion or 35.74% of the global market. China was the largest country accounting for $709.37 billion or 19.42% of the global market.
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.
The companies covered are China Petroleum & Chemical Corporation (Sinopec), BASF SE, Bayer AG, Dow Chemical, and LyondellBasell Industries.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The chemicals market is segmented into 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, and Printing Inks.
Ethyl Alcohol and Other Basic Organic Chemical includes ethyl alcohol manufacturing, cyclic crude, gum and wood chemical manufacturing, and other basic organic chemical manufacturing.
Petrochemicals cover ethylene, propylene, and butylene made from refined petroleum and hydro carbons. Ethylene is the most widely used chemical compound, used in creating polyethylene films and as a plant hormone.
Plastic Material and Resins industry comprises establishments primarily engaged in (1) manufacturing resins, plastics materials, and non vulcanizable thermoplastic elastomers and mixing and blending resins on a custom basis and/or (2) manufacturing non customized synthetic resins.
Toiletries industry comprises establishments primarily engaged in preparing, blending, compounding, and packaging toiletries, such as perfumes, shaving preparations, hair preparations, face creams, lotions (including sunscreens), and other cosmetic preparations.
Soap And Cleaning Compounds industry comprises establishments primarily engaged in manufacturing and packaging soap and other cleaning compounds, surface active agents, and textile and leather finishing agents used to reduce tension or speed the drying process.
Paints And Coatings industry comprises establishments primarily engaged in mixing pigments, solvents, and binders into paints and other coatings, such as stains, varnishes, lacquers, enamels, shellacs, and water repellent coatings for concrete and masonry, and/or manufacturing allied paints products, such as putties, paints and varnish removers, paints brush cleaners, and frit.
Other Basic Inorganic Chemical industry comprises establishments primarily engaged in manufacturing basic inorganic chemicals (except industrial gases and synthetic dyes and pigments) such as alkalies, chlorine, potassium inorganic compounds and carbides.
Pesticide And Other Agricultural industry comprises establishments primarily engaged in the formulation and preparation of agricultural and household pest control chemicals (except fertilizers).
Adhesives industry comprises establishments primarily engaged in manufacturing adhesives, glues, and caulking compounds.
Synthetic Dye and Pigment Manufacturing industry comprises establishments primarily engaged in manufacturing synthetic organic and inorganic dyes and pigments, such as lakes and toners (except electrostatic and photographic).
Industrial Gas industry comprises establishments primarily engaged in manufacturing industrial organic and inorganic gases in compressed, liquid, and solid forms.
Printing inks industry comprises establishments primarily engaged in manufacturing printing and inkjet inks and inkjet cartridges.