Press release
Chemicals Market Global Competitive Analysis and Forecast 2020-2030 | Covid 19 Impact And Recovery
Global Chemicals Market
The global chemicals market is expected to decline from $3870.4 billion in 2019 to $3726.9 billion in 2020 at a compound annual growth rate (CAGR) of -3.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of % from 2021 and reach $3689.4 billion in 2023.
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The market for chemicals consists of sales of chemicals by entities (organizations, sole traders and partnerhsips) that produce chemicals. The market is classified into different products based on their end use or application. Examples include toiletries, fertilizers and adhesives.
Many chemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipments' and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns.
Chemicals Market Segmentation: -
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 Chemica
Synthetic Dye And Pigment
Industrial Gas
Petrochemicals
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Chemicals Market Characteristics
4. Chemicals Market Product Analysis
5. Chemicals Market Supply Chain
......
20. Chemicals Market Competitive Landscape
21. Key Mergers And Acquisitions In The Chemicals Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
The report covers the trends and market dynamics of the Chemicals Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Chemicals Market are China Petroleum & Chemical Corporation (Sinopec); BASF SE; Bayer AG; Dow Chemical; LyondellBasell Industries
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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