(EMAILWIRE.COM, January 17, 2019 ) The Business Research Companys 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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http://www.thebusinessresearchcompany.com/report/chemicals-global-market-report
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 Chinas 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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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. TBRCs report also covers the chemicals drivers and restraints in the market.
The global chemicals markets 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.
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