Global Organic Chemicals Market research report analysis and forecasts to 2020

Carbon and its various derivatives combine with elements such as hydrogen, oxygen, nitrogen, and sulfur, to form organic chemicals. The derivatives exist either in carbon chain or carbon ring. Increasing global population and surging urbanization are expected to fuel growth of end-use industries such as agrochemicals, pharmaceuticals, food & beverages, and cosmetics in turn fueling growth of the organic chemicals market. Asia Pacific is growth engine of this market, mainly attributed to the strong economic growth in India and China. Ethyl alcohols, synthetic organic alcohols, synthetic flavors, and pesticides are among the most widely used organic compound used in various end-use industries such as pharmaceuticals, food & beverages, and fertilizers.

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The last decade has witnessed a spike in incidence rate of various diseases. This in turn has led to increasing spending by various government and non-governmental organizations on developing effective drugs to combat such diseases, subsequently propelling growth of the pharmaceuticals industry. This trend is expected to prevail over the forecast period, consequently fueling growth of the organic chemicals market. Global giants in pharmaceuticals space, such as Pfizer spent US$ 7872 million in 2016, which increased by 2% as compared to 2015 and Novartis spent US$ 8400 million in 2016, which have significantly increased investment in R&D for effective drug development.

Organic Chemicals Market – Regulatory Scenario:

Registration, Evaluation and Authorization and Restriction of Chemicals (REACH) and Classification, Labelling and Packaging (CPL) regulations
Regulations regarding fertilizer production
Regulations regarding detergents production
Regulation regarding explosive production
Regulation regarding drug precursors production
Resource Conservation and Recovery Act (RCRA)
Chemical Waste Disposal Law Govern by U.S. Environmental Protection Agency

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Key players in the organic chemicals market include TCI America, BASF SE, PPG Industries, The Dow Chemicals Company, AkzoNobel, Royal Dutch Shell, Sinopec, ExxonMobil, Formosa Plastics, LyondellBasell Industries, DuPont, Ineos, Huntsman and Reliance Industries. The market is fragmented, with some of the key companies in North America and Asia Pacific. Moreover, continuous development in R&D and M&A among the key players is expected to enhance their market opportunity.

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