The Chemicals industry is not only of the oldest but also one of the fastest growing industries today. Despite constant growth opportunities, the chemicals sector too has faced challenges, such as rise in demand from customers, and regulatory changes. The global chemical industry has witnessed a significant change in that the sector has opted to move their manufacturing location to low cost markets and emerging markets in a bid to deal with the catapulting of raw material costs and the global recession. Companies today also need to keep a close watch on their carbon emissions, increasing pollution regulations and the pressure to ‘Go Green’.

The Chemicals industry is not only of the oldest but also one of the fastest growing industries today, and has been an integral part of the global economic landscape for many decades. The sector plays a crucial role in economies around the world and is heavily relied upon by various industries. Over time, chemical manufacturers have become a vital part of the global economy and are critical enablers of technologies. The sector contributes USD $5.7 trillion to the global GDP and supports 120 million jobs worldwide.

Despite constant growth opportunities, the chemicals sector has faced a number of challenges. These include rise in customer demand, changes in the regulatory environment, decline in demand of commodity/bulk and specialty chemicals segments, and rise in operating and manufacturing costs. Businesses today also need to keep a close watch on their carbon emissions in light of increasing pollution-control regulations and the pressure to ‘Go Green’. In a bid to deal with the catapulting costs of raw material and the global recession, the chemical industry has opted to move their manufacturing locations to low cost markets and emerging markets, particularly to Asia, in recent times. It is expected that markets such as India, China, Brazil and Korea will help the industry grow and sustain itself in the Asia-Pacific region. The chemical industry in India alone is expected to double in size to USD 300 billion by 2025, clocking an annual growth of 8 to10 percent annum. The Middle East market is also witnessing a growth spurt on account of access to crude oil. As per recent data, the global chemical sector has invested approximately USD $51 billion in research and development, which is expected to drive market growth and augment global revenue. Generous government subsidies and a return in investment is encouraging new players in the emerging markets.

Global Market Studies’ coverage of this market includes reporting on the subsectors of agrochemicals and fertilizers, disinfectants and preservatives, drilling and extraction equipment, organic chemicals, paints, coatings and printing inks, catalysts, resins, gases, fuels, personal care products, petrochemicals, plastics, polymers and resins, green biochemicals, water and sludge treatment.

Global Market Studies’ Chemical Market Research reports include a detailed assessment of new market sizes and market opportunities, evaluation of key drivers, restraints, winning strategies and risk areas. Our reports contain important data on raw cost, price trends, material tracking and analysis, and forecasting for the key geographies of North America, Europe, Asia Pacific, Asia, Middle East and Latin America.

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