PUBLISHER: MarketLine | PRODUCT CODE: 1337441
PUBLISHER: MarketLine | PRODUCT CODE: 1337441
Global Chemicals industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The chemicals market is categorized into commodity chemicals, specialty chemicals, and agriculture chemicals. Market values are taken as the country's consumption of chemical products at producer selling price (PSP).
The market is built by capturing information at the national level for each country covered, primarily from councils, associations or government sources. Forecasts are based on projections of key market drivers for the chemical industry, and these are correlated against historic data and used to predict output over a five-year time horizon.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
The global chemicals market had total revenues of $4,191.2 billion in 2022, representing a compound annual growth rate (CAGR) of 4% between 2017 and 2022.
The Commodity Chemicals segment accounted for market's the largest proportion in 2022, with total revenues of $2,236.3 billion, equivalent to 53.4% of the market's overall value.
Asia-Pacific accounted for the largest share of the global chemical market in 2022, followed by Europe and the US.