Global Chemicals Market Report 2022: Move Towards Sustainable and Eco-Friendly Processes to Eliminate Negative Impact of Chemical Manufacturing on the Environment -

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The global chemicals market is expected to grow from $4,241.18 billion in 2021 to $4,620.17 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The market is expected to grow to $6,371.09 billion in 2026 at a CAGR of 8.4%.

Asia Pacific was the largest region in the chemicals market in 2021. North America was the second-largest region in the chemicals market. The regions covered in the chemicals report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Interest rates were low in most developed countries during this period, this positively impacted the growth of the chemicals market. For instance, in 2019, the European Central Bank decreased interest rates to -0.5% on deposits from banks to encourage lending. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemicals companies to borrow money for process improvements, thus driving the market during the historic period.

Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products.

Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enabled chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V a chemicals and coatings giant is planning to make a seven-figure investment into Green Lizard Technologies' patented process to make surfactants from plants rather than from oils.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider chemicals market, and compares it with other markets.

Markets Covered:

  • By Type: General Chemical Product; Printing Inks; Toiletries; Soap and Cleaning Compounds; Adhesives; Paints and Coatings; Pesticide and Other Agricultural Chemicals; Chemical Fertilizers; Synthetic Rubber and Fibers; Plastic Material and Resins; Ethyl Alcohol and Other Basic Organic Chemical; Other Basic Inorganic Chemical; Synthetic Dye and Pigment; Industrial Gas; Petrochemicals
  • By Type of Intermediate Chemicals: Methanol; Ethylene Oxide; Propylene Oxide
  • By End User: Pharmaceuticals; Agrochemicals; Water Treatment; Construction; Paints and Dyes; Oil & Gas; Rubber Chemicals; Surfactants; Personal Care; Other End-Users

Metrics Covered: Number of Enterprises; Number of Employees

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, chemicals indicators comparison.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Chemicals Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Chemicals Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Chemicals Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Chemicals Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Chemicals Market Trends And Strategies

8. Impact Of COVID-19 On Chemicals

9. Chemicals Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.3. Forecast Market Growth, Value ($ Billion)

10. Chemicals Market Regional Analysis

10.1. Global Chemicals Market, 2021, By Region, Value ($ Billion)

10.2. Global Chemicals Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region

10.3. Global Chemicals Market, Growth And Market Share Comparison, By Region

Companies Mentioned

  • JXTG Holdings Inc.
  • Sinopec Limited
  • Procter & Gamble
  • Unilever plc.
  • L'Oreal SA
  • Dow Inc.
  • Saudi Basic Industries Corporation (SABIC)
  • Mitsubishi Chemical Holdings Corp.
  • Guardian Industries, LLC

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