Introduction
The global Commodity Chemicals is forecast to grow at a CAGR of 5.5% from 2023 to 2030 to reach a value of US$5.1 trillion by 2030. This growth is being driven by the rising demand for commodity chemicals from end-use industries such as construction, automotive, and packaging, as well as by the growing population and incomes. The report provides an in-depth analysis of the market drivers, restraints, opportunities, and challenges for the growth of the Commodity Chemicals. It also segments the market by type, geography, and end-use industry.
Market Drivers
In the global Commodity Chemicals, market opportunities are driven by commercial factors such as new product development, pricing, and demand from end-use industries. New products are constantly being developed in the commodity chemicals space, as companies strive to meet the ever-changing needs of their customers. Pricing is also a key driver of market opportunities, as companies seek to remain competitive in an increasingly globalized marketplace. Finally, demand from end-use industries is a major driver of market opportunities in the Commodity Chemicals. End-use industries such as construction, automotive, and electronics all rely heavily on commodity chemicals, and their continued growth creates significant market opportunities for producers of these materials.
Market Restraints
The global commodity chemicals market is growing steadily, driven by rising demand from end-use industries. However, the market faces some challenges that may restrain its growth in the coming years.
One of the key restraints for the commodity chemicals market is the availability of substitutes. There are a number of substitute products available in the market that can be used in place of commodity chemicals. This poses a challenge for manufacturers as they have to constantly innovate and offer new products to stay ahead of the competition.
Another challenge faced by the commodity chemicals market is regulatory control. Stringent environmental regulations are being imposed by governments around the world, which are restricting the use of certain chemicals. This is forcing manufacturers to switch to alternative products that are not covered under these regulations.
Covid-19 Impact on Commodity Chemicals Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Report Includes
An overview of the global Commodity Chemicals market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2030. It also includes breakdowns of the overall Commodity Chemicals market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Commodity Chemicals market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Commodity Chemicals market for components from 2023 through 2030
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global Commodity Chemicals is segmented on the basis of product, end-use application, and region.
On the basis of product, the Commodity Chemicals is classified into inorganic chemicals and organic chemicals. Inorganic chemicals are further sub-segmented into acids, alkalis, Chlor-alkali, fertilizers, and others. Organic chemicals are further classified into solvents, plastics & synthetic rubber, dyes & pigments, agrochemicals, and others.
On the basis of end-use application, the Commodity Chemicals is categorized into construction, transportation, packaging, consumer goods & retail, agriculture & animal husbandry Oilfield Chemicals textiles Others including electronics & electricals Paper & pulp Water treatment
The construction sector is anticipated to be the largest consumer of commodity chemicals globally owing to the increased demand for infrastructure development in emerging economies. The transportation sector is also expected to be a key consumer of commodity chemicals due to the growing automotive industry worldwide.
On the basis of region, the global commodity chemicals market is divided into North America (U.S., Canada), Europe (Germany, U.K., Italy), Asia Pacific (China India Japan South Korea), Latin America (Brazil Mexico), and Middle East & Africa (GCC South Africa).
Asia Pacific is projected to be the fastest-growing region in the global commodity chemicals market due to the rapid economic development in countries such as China and India.
Global Commodity Chemicals market Competitive Analysis:
Key players in the Global Commodity Chemicals market are BASF SE, Bayer AG, The Dow Chemical Company, Mitsubishi Chemical Holdings Corporation, PPG industries, Linde Group, Akzo Nobel, LyondellBasell Industries, Asahi Kasei, Sumitomo chemicals, Evonik Industries, INEOS Group Holding and Chem China and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2030. Global Commodity Chemicals market is distributed on the basis of below mentioned segments:
Global Commodity Chemicals Market, By types:
The global Commodity Chemicals is forecast to grow at a CAGR of 5.5% from 2023 to 2030 to reach a value of US$5.1 trillion by 2030. This growth is being driven by the rising demand for commodity chemicals from end-use industries such as construction, automotive, and packaging, as well as by the growing population and incomes. The report provides an in-depth analysis of the market drivers, restraints, opportunities, and challenges for the growth of the Commodity Chemicals. It also segments the market by type, geography, and end-use industry.
Market Drivers
In the global Commodity Chemicals, market opportunities are driven by commercial factors such as new product development, pricing, and demand from end-use industries. New products are constantly being developed in the commodity chemicals space, as companies strive to meet the ever-changing needs of their customers. Pricing is also a key driver of market opportunities, as companies seek to remain competitive in an increasingly globalized marketplace. Finally, demand from end-use industries is a major driver of market opportunities in the Commodity Chemicals. End-use industries such as construction, automotive, and electronics all rely heavily on commodity chemicals, and their continued growth creates significant market opportunities for producers of these materials.
Market Restraints
The global commodity chemicals market is growing steadily, driven by rising demand from end-use industries. However, the market faces some challenges that may restrain its growth in the coming years.
One of the key restraints for the commodity chemicals market is the availability of substitutes. There are a number of substitute products available in the market that can be used in place of commodity chemicals. This poses a challenge for manufacturers as they have to constantly innovate and offer new products to stay ahead of the competition.
Another challenge faced by the commodity chemicals market is regulatory control. Stringent environmental regulations are being imposed by governments around the world, which are restricting the use of certain chemicals. This is forcing manufacturers to switch to alternative products that are not covered under these regulations.
Covid-19 Impact on Commodity Chemicals Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Report Includes
An overview of the global Commodity Chemicals market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2030. It also includes breakdowns of the overall Commodity Chemicals market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Commodity Chemicals market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Commodity Chemicals market for components from 2023 through 2030
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global Commodity Chemicals is segmented on the basis of product, end-use application, and region.
On the basis of product, the Commodity Chemicals is classified into inorganic chemicals and organic chemicals. Inorganic chemicals are further sub-segmented into acids, alkalis, Chlor-alkali, fertilizers, and others. Organic chemicals are further classified into solvents, plastics & synthetic rubber, dyes & pigments, agrochemicals, and others.
On the basis of end-use application, the Commodity Chemicals is categorized into construction, transportation, packaging, consumer goods & retail, agriculture & animal husbandry Oilfield Chemicals textiles Others including electronics & electricals Paper & pulp Water treatment
The construction sector is anticipated to be the largest consumer of commodity chemicals globally owing to the increased demand for infrastructure development in emerging economies. The transportation sector is also expected to be a key consumer of commodity chemicals due to the growing automotive industry worldwide.
On the basis of region, the global commodity chemicals market is divided into North America (U.S., Canada), Europe (Germany, U.K., Italy), Asia Pacific (China India Japan South Korea), Latin America (Brazil Mexico), and Middle East & Africa (GCC South Africa).
Asia Pacific is projected to be the fastest-growing region in the global commodity chemicals market due to the rapid economic development in countries such as China and India.
Global Commodity Chemicals market Competitive Analysis:
Key players in the Global Commodity Chemicals market are BASF SE, Bayer AG, The Dow Chemical Company, Mitsubishi Chemical Holdings Corporation, PPG industries, Linde Group, Akzo Nobel, LyondellBasell Industries, Asahi Kasei, Sumitomo chemicals, Evonik Industries, INEOS Group Holding and Chem China and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2030. Global Commodity Chemicals market is distributed on the basis of below mentioned segments:
Global Commodity Chemicals Market, By types:
- Organics
- Inorganics
- Plastics Resins
- Synthetic Rubbers
- Fibers
- Films
- Explosives
- Petrochemicals
- Hospitals
- Biotechnology Companies
- Scientific Research Institutions And Universities
- Others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
COMMODITY CHEMICALS MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2023-2030
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Commodity Chemicals Market Analysis (USD Billion), Insights and Forecast, 2018-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Commodity Chemicals Market Analysis (USD Billion), Insights and Forecast, 2018-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Commodity Chemicals Market Analysis (USD Billion), Insights and Forecast, 2018-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Commodity Chemicals Market Analysis (USD Billion), Insights and Forecast, 2018-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Commodity Chemicals Market Analysis (USD Billion), Insights and Forecast, 2018-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Commodity Chemicals Market Analysis (USD Billion), Insights and Forecast, 2018-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.13. Company 13
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
