The Global Chemicals By End Use Market Was Valued At $10.7 Billion In 2017 According To TBRC’s Latest Report

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.

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The market was valued at $10.7 billion in 2017, and is expected to be driven by the expanding manufacturing industry. Asia Pacific was the largest region in the chemicals manufacturing market in 2017, accounting for more than one-third of the market share. Western Europe was the second largest region accounting for 26% market share.

The chemicals by end use market in the report is split into the following segments: 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 chemicals, pesticide and other agricultural chemicals, synthetic rubber and fibers, adhesives, synthetic dye and pigment, industrial gas, and printing inks.

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China was the biggest player in the chemicals by end use market in 2017.

The top five competitors in the market are China Petroleum & Chemical Corporation (Sinopec), BASF SE, Bayer AG, Dow Chemical, and LyondellBasell Industries. China Petroleum & Chemical Corporation (Sinopec) was the largest player in the market. It is a Chinese oil & gas company based in Beijing. It is one of the major state-owned companies in China.

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This release was published on openPR.