Growth In The Inorganic Chemicals Market: Strategic Insights Driving Chemicals Market Momentum in 2025

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Chemicals Market Size Growth Forecast: What to Expect by 2025?
In recent times, the chemicals market has experienced robust growth. It is projected to rise from $5614.19 billion in 2024 to about $6158.94 billion in 2025, equating to a compound annual growth rate (CAGR) of 9.7%. The growth during the historical period can be linked to a multitude of factors, including global economic conditions and trends, the cost of raw materials, market consolidation, and global population expansion.

How Will the Chemicals Market Size Evolve and Grow by 2029?
In the forthcoming years, the chemicals market size is projected to experience significant expansion. It's estimated that by 2029, it will reach a value of $8580.4 billion, growing at a compound annual growth rate (CAGR) of 8.6%. The expected growth during the forecast period can be linked to strict environmental guidelines, changing consumer attitudes, the use of renewable and bio-based materials, global political factors, as well as health and safety priorities. Key trends anticipated during the forecast period encompass sustainability and green chemistry, digital revolution, circular economy methods, advanced materials & nanotechnology innovations, strengthening of the supply chain resilience, and increased digitalization under industry 4.0.

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What Drivers Are Propelling the Growth of Chemicals Market Forward?
The chemicals market's growth is likely to be spurred by the increasing need for inorganic chemicals in the fertilizer industry. Fertilizers, which can be produced naturally or synthetically, are resource-rich in chemical elements that aid plant growth and productivity. These inorganic fertilizers consist of basic inorganic chemicals that deliver critical nutrients to crops, enhancing yield. Hence, the requirement for chemicals is predicted to rise with the growing demand for inorganic fertilizers. A report published in December 2022 by S&P Global Inc., a publicly traded corporation based in the US, measured the fertilizer shipments. The report showed that the shipments reached 224 million metric tonnes that contained various fertilizer intermediate products like ammonia, sulfur, and phosphate rock, sold in over 100 million metric tonnes. The value of primary fertilizer consumption will more than double, jumping from $115 billion to an estimated $231 billion, influenced by factors across the supply and demand chains. As a result, the growth of the chemical market is propelled by the escalating need for inorganic chemicals in the fertilizer sector.

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Which Emerging Trends Are Transforming the Chemicals Market in 2025?
Chemical firms are progressively choosing sustainable and environmentally conscious methods to lessen the detrimental consequences of chemical production on the environment. Technological development and advances in chemical sciences facilitate these companies to leverage alternative fuels for creating chemical goods. They are making use of naturally existing carbon dioxide to generate fuels, industrial commodities, and various other substances. A case in point is Akzo Nobel N.V., a major player in the chemicals and coatings market, who aims to pump a seven-figure sum into Green Lizard Technologies' patented technology for generating surfactants from plants instead of oils.

What Are the Key Segments in the Chemicals Market?
The chemicals market covered in this report is segmented -

1) 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, Others
2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide
3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints And Dyes, Oil And Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users

Subsegments:
1) By General Chemical Product: Specialty Chemicals, Basic Chemicals
2) By Printing Inks: Solvent-Based Inks, Water-Based Inks, UV-Curable Inks
3) By Toiletries: Skin Care Products, Hair Care Products, Oral Care Products
4) By Soap And Cleaning Compounds: Household Cleaning Products, Industrial Cleaning Agents, Specialty Soaps
5) By Adhesives: Water-Based Adhesives, Solvent-Based Adhesives, Hot Melt Adhesives
6) By Paints And Coatings: Architectural Coatings, Industrial Coatings, Automotive Coatings
7) By Pesticide And Other Agricultural Chemicals: Herbicides, Insecticides, Fungicides
8) By Chemical Fertilizers: Nitrogen Fertilizers, Phosphate Fertilizers, Potash Fertilizers
9) By Synthetic Rubber And Fibers: Styrene-Butadiene Rubber (SBR), Ethylene Propylene Diene Monomer (EPDM), Synthetic Fibers
10) By Others: Polyethylene, Polypropylene, Polyvinyl Chloride (PVC), Ethanol, Methanol, Acetic Acid, Sodium Carbonate, Calcium Carbonate, Sulfuric Acid, Organic Dyes, Inorganic Pigments, Specialty Pigments, Oxygen, Nitrogen, Argon, Aromatics, Aliphatic Hydrocarbons, Olefins

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Who Are the Key Players Shaping the Chemicals Market's Competitive Landscape?
Major companies operating in the chemicals market include Sinopec Limited, China National Chemical Corporation (ChemChina), BASF SE, Procter & Gamble Company, Unilever plc, Dow Inc., Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., L'Oreal SA, LG Chem Ltd., Mitsubishi Chemical Holdings Corp., Wanhua Chemical Group Co. Ltd., Sumitomo Chemical Co. Ltd., Evonik Industries AG, Covestro AG, PPG Industries Inc., Solvay S.A., Arkema S.A., DuPont de Nemours Inc., Air Products and Chemicals Inc., Shin-Etsu Chemical Co. Ltd., Akzo Nobel N.V., Eastman Chemical Company, Celanese Corporation, Huntsman Corporation, Formosa Plastics Corporation, FMC Corporation, Guardian Industries LLC, JXTG Holdings Inc., Clariant AG, Nippon Paint Holdings Co. Ltd., Henkel AG & Co. KGaA, The Sherwin-Williams Company, DIC Corporation

What Geographic Markets Are Powering Growth in the Chemicals Market?
Asia-Pacific was the largest region in the chemicals market in 2024. North America was the second-largest region in the chemicals market. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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