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Chemicals Market Global Report 2017

Chemicals Market Global Report 2017

  • June 2017
  • 300 pages
  • ID: 3783835

Summary

Table of Contents

The chemicals industry is one of the largest manufacturing industries in the world. It manufactures a variety of chemicals products by processing raw materials such as air, water, natural gas, oil, metals and minerals.

Asia was the largest region in the chemicals market in 2016, accounting for approximately 60% market share. China and India are the fast-growing chemicals markets in this region. China accounts for more than half of Asia’s chemicals sales. Other than China and India, Japan and Singapore are the important markets in Asia. The growth of the Asian economies, the lower cost of labor and the concentration of manufacturing industries in these countries are the key reasons for their dominance in the global market. The Americas was the second largest region accounting for 20% market share. Europe was the third largest region accounting for 19% market share.

Chemical companies are increasingly adopting sustainable and ecofriendly processes to eliminate negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enabled chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products and other substances. For instance, Elevance Renewable Sciences, a specialty chemicals company, is using green technology, methasis, to produce high concentrated detergents that reduced energy consumption significantly, thus minimizing the impact on the environment.

Please note: this report requires certain updates. We have all the information available but require 2 business days to complete the process and ensure it is as up-to-date as possible.


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