Press release
Inorganic Chemicals Market Size, Share, CAGR & Analysis, Forecast to 2024 - 2031 | Akzo Nobel, BASF SE, Bayer, The Dow Chemicals Company
Inorganic Chemicals Market
Inorganic chemicals are chemical elements or compounds that are produced synthetically or mined that lack carbon-hydrogen bonds. These include compounds like sulfuric acid, sodium hydroxide, aluminum sulfate, and many other industrial chemicals that are widely used in applications like fertilizers, glass, construction, water treatment and others.
Market Dynamics:
The inorganic chemicals market is expected to witness significant growth over the forecast period owing to rising demand from the construction industry. The construction industry has been growing globally driven by government investments in infrastructure projects and rising disposable income. According to the World Bank, the global construction output is expected to grow by 85% between 2015 and 2030, with major contributions expected from China, the US, and India. This rising construction spending is expected to drive demand for inorganic chemicals that are widely used in cement, concrete, and other construction materials manufacturing. Furthermore, expanding manufacturing industry in Asia Pacific and Middle East is also expected to support inorganic chemicals market growth over the forecast period.
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Growing industrialization and urbanization as a driver for inorganic chemicals market
With rapid industrialization and growing urbanization happening across the globe, specifically in developing nations like India, China, African countries etc., the demand for inorganic chemicals is witnessing robust growth. Industries like construction, automotive, electronics, pharmaceutical etc. extensively use inorganic chemicals as raw materials in manufacturing various products. Infrastructural projects involving roads, buildings, bridges require significant amounts of cement, concrete, steel and glass - where inorganic chemicals play a key role. Similarly, urbanization is fueling housing needs, commercial spaces, transportation networks development thereby spurring more construction activities worldwide. All such industrial and infrastructural expansion is creating sustained demand for inorganic chemicals in various manufacturing processes.
Rising consumption in agricultural sector as a driver for inorganic chemicals market
With growing population worldwide, the demand for food is rapidly increasing which is prompting higher agricultural production globally. To boost crop yields and protect crops from pests, use of fertilizers and agrochemicals is witnessing notable rise. Inorganic chemicals like ammonia, sulfuric acid, phosphoric acid, nitric acid etc. are chief components used in manufacturing fertilizers and agrochemicals. Higher consumption of fertilizers and agrochemicals to feed the increasing population is positively impacting the sales of inorganic chemicals. Also, with reduction in cultivable land, advanced farming practices involving soil amendments, fertilizer application are being adopted which is fueling demand for agricultural inorganic chemicals.
Developing bio-based inorganic chemicals as an opportunity for market players
Mounting environmental concerns regarding toxicity of several conventionally used inorganic chemicals is prompting research and development of more eco-friendly and sustainable alternatives. Production of bio-based or green inorganic chemicals using agricultural waste, biomass, and other renewable resources offer lucrative opportunities. Bio-based inorganic chemicals derived from biological sources have negligible environmental footprint and could replace traditionally produced ones. Market players investing in R&D of bio-based production technologies and novel bio-derived inorganic chemicals will gain first-mover's advantage in future. Focus on developing agricultural waste based production methods for chemicals like phosphoric acid, potassium hydroxide etc. present bright opportunities.
Top Companies Featured in This Report:
★ Akzo Nobel
★ BASF SE
★ Bayer
★ The Dow Chemicals Company
★ DuPont
★ Evonik Industries
★ Formosa Plastics
★ Ineos
★ LG Chem
★ LyondellBasell Industries
★ Mitsubishi Chemicals
★ Sabic
★ The Royal Dutch Shell
★ Sinopec
★ Sumitomo Chemicals.
Market Segmentation:
By Product Type:
★ Ammonia
★ Chlor alkali
★ Ammonium nitrate
★ Ammonium sulfate
★ Inorganic acid
★ Sodium hydroxide
★ Hydrogen peroxide
★ Oxygen
★ Nitrogen
★ Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Impact of the Inorganic Chemicals Market Report:
Thorough evaluation of all opportunities and risks in the Inorganic Chemicals market.
Analysis of recent innovations and significant events in the Inorganic Chemicals market.
Comprehensive examination of business strategies employed by leading players to foster growth in the Inorganic Chemicals market.
Definitive assessment of the growth trajectory of the Inorganic Chemicals market for the coming years.
Detailed insight into the specific drivers, constraints, and key micro markets within the Inorganic Chemicals market.
Understanding the influence of crucial technological advancements and the latest market trends shaping the Inorganic Chemicals market.
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Inorganic Chemicals Market Competition Landscape by Players
Chapter 4: Assessment of Inorganic Chemicals Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
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Ultimately, the Inorganic Chemicals Market report serves as a reliable source for market research, essential for significantly boosting your business. It provides crucial insights into market dynamics such as regional economic conditions, product pricing, profitability, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility assessment, and return on investment analysis for new projects.
Should the report above not fully align with your requirements, we offer customized research services tailored to your specific needs. Our custom research will comprehensively cover the business information necessary for making strategic and profitable decisions.
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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