Mckinsey on chemicals global management consulting. Challenges and opportunities for the global chemical industry. Total petroleum products consumption in the eu chemical industry 47. Position of individual companies that manufactured and sold. The global vinyls service includes reasonable access to ihs chemicals experienced industry professionals for market advice related to the global vinyls industry. Expanding perspectives to drive growth in the global chemical industry seeks to understand if and how chemical companies are going to tackle the potential new demand, and how much deviation from traditional asset and value chain driven product development would be needed to be successful see sidebar about the research. Forecast on global annual chemical industry production growth by region 20202024. The global industrial and institutional cleaning chemicals market is estimated to witness a healthy growth, at an estimated cagr of over 5. Polymer materials are key import products of ukrainian chemical market. The global growth rate of the chemical market will be largely determined by developments in china, which accounts for more than a third of worldwide production. It is broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilizers. Free trade and open markets are essential to growth and job creation in the u.
The global chemical industry has been through a period of dramatic change over the last decade with, amongst other shifts, a fundamental transfer in the global industrys critical mass to the rapidly growing china economy and the successful exploitation of unconventional energy sources, especially in north america. Chemical market size forecast by type 2020 statista. Us chemical industry trade balance by sector302010 0 10 20 30. Specialty chemicals market size and share outlook by 2019. Indias proximity to the middle east, the worlds source of petrochemicals feedstock, makes for economies of scale. Page 3 06 june 2017 chemicals trends analyzer global chemicals outlook 2030.
Agricultural chemicals also known as agrochemicals are chemical agents that are used to protect crops from harmful things such as disease and pests. Specialty chemicals market growth, trends, and forecast. We will begin momentarily at 2pm et american chemical society. Challenges for distribution in the chemical industry the chemical industry produces essential raw materials and supplies for companies in the manufacturing and industrial sectors. For this reason, germany as a location of chemical industry and. Global chemical catalyst market analysis by product. The asiapacific region dominated the specialty chemicals market, and is likely to retain its position during the forecast period, due to robust growth of the construction sector, increasing demand for cosmetic products, growing investment and production in the increasing electrical and electronics industry output, increasing demand for adhesives and plastics from the packaging industry, and.
The world landscape of the chemical industry is changing rapidly. And that is despite the chemical sector facing its own challenges in terms of global overcapacity. Jun 24, 2015 how the global chemical industry has become a battle of equals june 24, 2015 by nikolaus lang, brian collie, andreas gocke, bob zhai, peter ullrich, and christian moldenhauer the intensifying competition between rising emerging market companies and established multinationals remains at the top of the agenda for ceos. The growth of the market for petrochemicals will be driven by rising demand for downstream products from enduse industries and capacity additions in the base chemical industry. Sustainable solutions for the global chemical industry. Basic chemicals production 2030 october 2012 core statements the production of basic chemicals lays the foundation for the chemical industry and subsequent industrial value creation. On the basis of total returns to shareholders trs, the chemical sector has, over the long term, outperformed not only the overall market but also most of its customer industries and rawmaterial suppliers. The graph shows, that after the significant decrease in 2009, the volume. Central to the modern world economy, it converts raw materials oil, natural gas, air, water, metals, and minerals into more than 70,000 different products.
High gdp share the chemical industry in india is a key constituent of indian economy. The industry may finally be approaching a tipping point of more profitability. Specialty chemicals market size and share outlook by. This large and widespread industry is facing new challenges now, at the beginning of the third industrial revolution. Through continual, personal contact with key industry sources, chemical consultants gather and study industry specific data, then analyze and translate it into. Increased competitiveness for the chemical industry. China is taking its chemical industry to the next stage of development and is looking to move from following the lead to taking the lead and from a big country to a great power of the petroleum and chemical industry. In 2016, the agrochemical market worldwide was worth 215.
In the energy sector, for example, chemical products are commonly used in solar generation, and in new lighter. Dynamics of products of chemical and allied industries exports and imports in 20072011, thsd usd. How the chemical industry will look in 2025 and beyond ey. National oil company develops informed strategies for growing chemical business in changing global market. The emergence of local champions 6 chemical industry balances growth amid challenges the global chemical industry is dealing with a vast range of external challenges.
The global petrochemicals market size was predicted at usd 441. The markets rules have yet to be announced, but chinas need for renewable power. Industrial and institutional cleaning chemicals market. In october and november 2009, bcg conducted a survey of executives at 70 companies that produce and sell chemical products in western and eastern europe, north and latin america, asiapacific, the middle east, and africa. The key players in the global biobased chemicals market are focusing on growth strategies such as expansion, acquisitions, joint ventures, product launches, and technology transfer on the global level to gain a maximum share of the global market. Basic and downstream chemicals are inseparably linked with each other in production. The industry can be a significant player in developing materials that contribute to energy efficiency and greenhouse gas reduction in other sectors, improving the sustainability of downstream energy chains. Global megatrends and their industry responses, have opened up significant opportunities to capture. In december, china kicked off a capandtrade carbon market for its energy industry. Work with the worlds major companies and financial institutions. Global chemical industry 2016 research and markets. Pricing in the chemical industry boost your pricing power. The increase in world chemical production has brought with it an even larger increase in the international chemical trade. Aim to bring creative energy to important issues, and create value for clients in businessfunctional leadership roles, by personally assisting them to implement robust strategies that deliver sustainable profit.
Increasing consumption of chemicals across enduse industries such as construction, pharmaceutical, polymers and resins coupled with high complexity in reaching the customers is likely to drive the opportunities for chemical distributors over. Safety remains our top priority when doing business and operating our facilities. Our forecast assumes that chemical production in china will grow by 3. Meet the challenges of the dynamic chemical industry the chemical industry is growing. Distribution of chemical exports from gcc by product 2016. Chemical distribution market size, share industry growth. The search for stability and value in the 2016 global. The development of the worlds largest chemical market china has a significant impact on the global growth rate. Us chemical industry to stay strong even as economic growth slows.
Production flow forces integration up to the end of the intermediary process step at least. The global chemical industry international council of chemical. Products of the chemical industry are finding applications in almost all segments of the global economy. We have more than 160 offices in over 40 countries and territories employing more than 5,000 people. Chemicals show stellar performance, based mainly on profitability gains. Global chemicals market is expected to grow at a compounded. Chemicals industry in india is highly diversified, covering more than 80,000 commercial products. Global chemical catalyst market outlook, key trends. The global agrochemical market trends by crop 11th china international forum on development of pesticide industry. The global economy will face myriad challenges over the next several decades. The two petrochemical giants chevron phillips chemical and exxonmobil chemical were the first to take advantage of the developments in shale gas, with both. The global crop protection chemicals market is projected to register a cagr of 4. Preparing for an unpredictable future in the global chemical industry. China kicked off a capandtrade carbon market for its energy industry.
Most of the specialty chemicals are manufactured using petroleumbased commodity chemicals, and the fluctuations in crude oil prices have significantly impacted the initial expenses for the specialty chemicals market. To identify the version type and product features for your specific chemical world analysis, see the tables below. Post brexit, the industry may witness a slight slowdown in growth over the next couple of years owing to drop in chemicals trade and direct investments. End market alchemy expanding perspectives to drive growth in. Limited deloitte global launched the chemicals 2020 trilogy. There, the upward trend may continue to slacken but producers in china are nevertheless likely to contribute more than two percentage points to worldwide chemical industry growth. Industries which produce and use chemicals have a significant impact on. Science industries switzerland scgi chemie pharma schweiz. Responsible care is the centerpiece of this global commitment.
Agricultural chemicals also known as agrochemicals are chemical agents that are used to protect. Although the application segment of the global specialty chemicals industry is quite profitable, the market is still facing some. Dec 11, 2014 global chemical industry and its investment community. A global team of industry recognized experts contributes incisive and thoughtprovoking analysis.
Oct 23, 2018 global chemical market value forecast by sector 20202035 ammonium sulfate. Chemicals are now manufactured in many production locations around the globe, and prices for chemicals are generally set by global supply and demand. Global chemicals outlook sustainable development the united. Industries association annual dinner in london this month and look forward. Product launches is the leading strategy adopted by the key market players in the global specialty chemicals market in order to introduce novel and innovative products in various business segments such as ink additives, oilfield chemicals, and construction chemicals. Soon, electronic commerce interactions in the chemicals industry will need to be richer, offer broader functionality, and encompass the endtoend process of selling products and they will need to be more customerfocused. Global granulesten market by type pharmaceutical grade, and food grade, by application drugs, food, health products, and others, by region, and key companies industry segment outlook, market assessment, competition scenario, trends and forecast 20202029 report id 143706 published date 20dec delivery format pdf pptword.
Whenever over the past decade we have examined the chemical industrys capitalmarkets performance, a very similar picture has emerged. Global chemical industry in the 21st century chemical. Furthermore, any data graphics contained in the monthly reports can be emailed to clients upon request. Through continual, personal contact with key industry sources, chemical consultants gather and study industryspecific data, then analyze and translate it into. The chemical industry as a whole remains heavily ex. The major factors driving the growth of the market studied are rising demand from the healthcare industry, and increasing demand from the food industry, owing to foodborne illness. Pricing in the chemical industry boost your pricing power 3. Europes market share to decline as sales in asia grow. Market overview analyzes the market through statistics ranging from the year 2010 till 2014 and a forecast of the industry is provided till 2019. Crop protection chemical market growth trends forecast.
At the moment, their focus seems to be more on demonstrating returns rather. How the global chemical industry has become a battle of equals. On average, chemical companies lead the pack, recently trumping the 1 growth, in the context of this article, refers to growth in invested capital. Share in global chemicals sales is expected to decrease from 17. For many years the global chemicals industry has been fighting declining margins, product commoditization, rapidly expanding competition in developing countries, and customers demanding more at lower prices. The report begins with an analysis of the global chemical industry through an industry definition, an analysis of the chemical life cycle, and an analysis of the market through various segments. Market size the inorganic chemicals industry had an output of approximately 5. Most often, security research and portfolio management are structured along the same definition of asset classes. Economic growth and growth of ancillary industries in emerging economies, have been key to the growth of the chemical and materials industry over the recent past. India is a strong global dye supplier, accounting for. Middle eastern oil companies to focus on chemicals. The global chemical industry is very large and competitive. Advent of novel products and applications, rising environmental awareness, and changing consumer preferences are positively impacting the growth of chemicals and materials industry. Global chemical market cagr forecast 2030 statista.
The chemical industry comprises the companies that produce industrial chemicals. How the global chemical industry has become a battle of equals june 24, 2015 by nikolaus lang, brian collie, andreas gocke, bob zhai, peter ullrich, and christian moldenhauer the intensifying competition between rising emerging market companies and established multinationals remains at the top of the agenda for ceos. Shorter product lifecycles, difficult access to raw materials, and high customer demands pose tremendous challenges for chemical companies. Sumitomo chemical ishihara hokko kumiai agro kanesho nihon nohyaku sds biotech nippon soda oat. This report is the product of a stakeholder convening process in which steering. Its diverse set of more than 100,000 products includes petrochemicals, solvents. Biobased chemicals market size, share, trends analysis.
This series of reports titled the decade ahead december 2009, the chemical multiverse november 2010, and the end market alchemy october 2011, was grounded in four areas. It is expected to grow at a considerable rate in the future, especially with the development in the asiapacific. The global chemical distribution market size was valued at usd 239 billion in 2019 and is expected to register a cagr of 5. The global chemical industry has a unique role in innovating and producing a wide range of products, articles, and services that are essential to everyday life and that promote sustainable development and environmentally sound outcomes. The externalities associated with this group of companies may continue to. The market s rules have yet to be announced, but chinas need for renewable power will drive a global 20% increase in solar installations this year, the consulting firm ihs markit predicts. The market for chemical products is very diverse and is seen as an input in almost all industries.
The shale gas boom in the united states has shifted the supply base of the chemical industry back to the west. Chemical industry in india sector overview invest india. Like the banking industry in the 1990s, chemical companies are often still integrated along the process chain vertical integration. Increased competitiveness for the chemical industry market. Challenges and opportunities for the global chemical industry in soccer, there is a saying that the next game is always the hardest.
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