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Strong growth in the agriculture industry is fostering growth of the inorganic chemicals market
Growing demand for inorganic chemicals in the fertilizers industry is driving the growth of the inorganic chemicals market. The market growth is also attributed to the strong growth in the agriculture industry across developing countries. According to the World Bank collection of development indicators, Fertilizer consumption (% of fertilizer production) in the World was reported at 90.37 % in 2018. This is also attributed to the increasing population which is creating the need for high-yield quality crops. Rising environmental concerns and growing implementation of stringent regulations influence market players to switch their focus to the production of environmentally products, thereby stimulating the growth of the inorganic chemicals market over the forecast period.
The Asia Pacific is expected to dominate the global inorganic chemicals market in the near future owing to the strong agricultural base in China, India, and South East Asian countries. According to the India Brand Equity Foundation, agriculture is the primary source of livelihood for about 58% of India’s population. Gross Value Added by agriculture, forestry, and fishing was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20. The share of agriculture and allied sectors in gross value added (GVA) of India at current prices stood at 17.8 % in FY20.
In March 2017, Honeywell announced the launch of a new business, Honeywell Research Chemicals, that will now include several brands and solvent and inorganic chemical products that were acquired from Sigma-Aldrich
In March 2020, GHCL a chemical and textile company has approved the scheme of demerger of its inorganic chemicals and textiles businesses. The textile business shall be demerged into a separate company through a Scheme of Arrangement U/s 230-232
The inorganic chemicals that are widely used in industrial processes are polymers, which consist of chains of repeating molecules that are functional in nature. Examples of such polymer compounds are nylon, polystyrene, polyester, and vinyl chloride. The inorganic compounds most commonly used in industry are lead, nitrogen oxides, ammonia, and hydrocarbons. While most of these compounds are widely used in industrial applications, they are also widely used in food packaging and household cleaners as well. Moreover, the composition of inorganic fibers is very diverse as well, with everything from sand to wool being made up of organic materials. Inorganic fibers can be woven, drawn, or blow-dried much like traditional materials.
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Table of Contents
Research Objectives and Assumptions
Market Dynamics, Regulations, and Trends Analysis
Global Inorganic Chemicals Market – Impact of Coronavirus (Covid-19) Pandemic
Global Inorganic Chemicals Market, By Price Range, 2017 - 2027 (US$ Million)
Global Inorganic Chemicals Market, By Operating System, 2017 - 2027 (US$ Million)
Global Inorganic Chemicals Market, By Region, 2017- 2027 (US$ Million)
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2016-2027) of the following regions are covered:
North America (Canada, Mexico)
Europe (UK, France, Italy)
Asia-Pacific (China, Japan)
South America (Brazil, Argentina)
Middle East and Africa
Key questions answered in this report:
Which players hold the significant Inorganic Chemicals market share and why?
What strategies are the Inorganic Chemicals market players forming to gain a competitive edge?
Why region is expected to lead the global Inorganic Chemicals market?
What factors are negatively affecting the Inorganic Chemicals market growth?
What will be the value of the global Inorganic Chemicals market by the end of 2027?
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Primary Research (Trade Surveys and Experts Interviews)
Proprietor Data Analytics Model
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