Global Organic Chemicals Market is expected to grow at a CAGR of 7.49% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global organic chemicals market is expected to grow from USD 8.63 billion in 2017 to USD 15.97 billion by 2025 at a CAGR of 7.49% during the forecast period from 2018-2025. North America is fastest growing region due to the increasing adoption of organic chemicals, government rules for using natural chemicals, and large-scale consumption across various industries, and continuous development in R&D are creating opportunity for the growth of the market.

Organic Chemicals Market by Chemical Type, Product (Aliphatics, Aromatics, Carbonyls, Other), Process Additives, Ingredients, Application (Pharmaceuticals, Pesticides, Agrochemicals, Plastics & Polymers, Cosmetics, Food & Beverages, Others), Region" and Global Forecast 2018-2025.

DOWNLOAD FREE SAMPLE REPORT:https://www.fiormarkets.com/report-detail/375927/request-sample

Prominent companies in the industry include BASF SE, AkzoNobel, Reliance Industries, Mangalore Petrochemicals, TCI America, PPG Industries, Royal Dutch Shell Plc, Dow Chemicals, LG Chem, Mitsubishi Chemical, and SABIC are offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in 2018, CPS Performance Materials acquired Far Chemical, a developer and producer of specialty organic chemicals, from Edgewater Capital Partners.

Chemical type segment covers natural type and synthetic type. Natural type segment is anticipated to grow with highest market share of 56.19% in 2017. Here, contributing factors are natural nature of chemical are less harmful to environment and can also be used to grow food organically. These chemicals exist in nature without human intervention and are legally allowed to use in various industries. Product segment includes aliphatics, aromatics, carbonyls, and other. Aliphatic products contains carbon and hydrogen joined together. Aliphatics include both alkanes and alkenes. These aliphatic compounds are frequently used as fuels such as methane, acetylene, and liquefied natural gas (LNG). Process additives is segmented into catalysts, chain terminators, and others. Catalysts is process used to increase the reaction rate of chemicals without getting consumed in the process. Catalysts are used to make polymerisation at warmer temperatures and pressure. It increases the speed of reaction by reducing the activation energy. Ingredients segment is categorized into corrosion inhibitors and adsorbent. Corrosion inhibitors segment held highest market share of 51.32% in 2017. Corrosion inhibitors are used in formation of a coating on metals that prevents access of corrosive substance to the metal surfaces. Application segment is divided into pharmaceuticals, pesticides, agrochemicals, plastics & polymers, cosmetics, food & beverages, and others. Pharmaceuticals segment anticipated to grow with highest market share of 34.14% over the forecast period due to increasing use of organic chemicals in drug producing and high investments in R&D for development of effective drugs.

ACCESS FULL REPORT:https://www.fiormarkets.com/report/global-organic-chemicals-market-by-chemical-type-product-375927.html

Increasing global population and surging urbanization, rapid developments, and increasing disposable income levels in the emerging economiesare the key driving factors for the organic chemicals market. In addition, increasing R&D investments will lead the growth of organic chemicals market in couple of years. The stringent regulations and growing awareness regarding the harmful health & environmental effects and weak economic scenariomay limit the growth of market. However, robust growth in various industries is expected to boost the organic chemicals market over the forecast period.

Customization of the Report:This report can be customized to meet the client's requirements. Please connect with our sales team (sales@fiormarkets.com), who will ensure that you get a report that suits your needs.

Contact Us

Mark Stone
Sales Manager
Office-102, Sanskriti Aspirations
Baner Road, Pune,
MH 411045
India
Phone: (201) 465-4211
Email: sales@fiormarkets.com
Web: www.fiormarkets.com

About Us:

Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

This release was published on openPR.