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. While many of the products from the industry such as
detergents, soaps and perfumes, are purchased directly by the consumer, 70% of
chemicals manufactured are used by other industries including other branches of
the chemicals industry itself, to make products.
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More: https://www.thebusinessresearchcompany.com/report/chemicals-by-end-use-global-market-report-2018
The market was valued at $10.7 billion in
2017, and is expected to be driven by the expanding manufacturing industry.
Asia Pacific was the largest region in the chemicals manufacturing market in
2017, accounting for more than one-third of the market share. Western Europe
was the second largest region accounting for 26% market share.
The chemicals by end use market in the
report is split into the following segments: ethyl alcohol and other basic
organic chemical, petrochemicals, plastic material and resins, fertilizer,
toiletries, general chemical product, soap and cleaning compounds, paints and
coatings, other basic inorganic chemicals, pesticide and other agricultural
chemicals, synthetic rubber and fibers, adhesives, synthetic dye and pigment,
industrial gas, and printing inks.
China was the biggest player in the
chemicals by end use market in 2017.
The top five competitors in the market are China Petroleum &
Chemical Corporation (Sinopec), BASF SE, Bayer AG, Dow Chemical, and
LyondellBasell Industries. China Petroleum & Chemical Corporation (Sinopec)
was the largest player in the market. It is a Chinese oil & gas company
based in Beijing. It is one of the major state-owned companies in China.
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