PUBLISHER: The Business Research Company | PRODUCT CODE: 1664573
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664573
Basic inorganic chemicals are substances that originate from minerals, lacking carbon in their molecular structure and primarily based on abundant elements such as oxygen, silicon, aluminum, and others. Inorganic synthesis involves the process of creating these compounds, resulting in the production of various basic inorganic chemical products.
The main types of other basic inorganic chemical products include basic inorganic chemicals and alkali chemicals. Basic inorganic chemicals, being mineral-derived and carbon-free, are based on abundant earth elements. These chemicals find applications in various industrial processes, including concentrators, separators, condensers, vaporizers, reactor vessels, and more. They serve diverse industries such as food, pharmaceuticals, personal care, agriculture, and others.
The other basic inorganic chemical market research report is one of a series of new reports from The Business Research Company that provides other basic inorganic chemical market statistics, including other basic inorganic chemical industry global market size, regional shares, competitors with a other basic inorganic chemical market share, detailed other basic inorganic chemical market segments, market trends and opportunities, and any further data you may need to thrive in the other basic inorganic chemical industry. This other basic inorganic chemical market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The other basic inorganic chemical market size has grown strongly in recent years. It will grow from $224.48 billion in 2024 to $244.04 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to industrialization and infrastructure development, agricultural expansion, water treatment needs, construction and building materials, globalization of supply chains.
The other basic inorganic chemical market size is expected to see strong growth in the next few years. It will grow to $325.21 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to renewable energy initiatives, electronic waste recycling, technological advancements in agriculture, focus on sustainable water management, infrastructure and construction projects. Major trends in the forecast period include global economic trends, shift in geographic demand, fluctuations in raw material prices, focus on quality and purity, supply chain resilience.
The growing demand for inorganic chemicals in the fertilizer industry is anticipated to drive the expansion of the other basic inorganic chemicals market in the coming years. Fertilizers, which can be either naturally or artificially produced, are substances that contain chemical elements beneficial for enhancing plant growth and productivity. Inorganic fertilizers consist of fundamental inorganic chemicals that deliver essential nutrients to support crops and boost yields. Consequently, an increase in the demand for inorganic chemicals within the fertilizer sector will lead to a heightened need for other basic inorganic chemicals. For example, in June 2023, Krungsri Research, a financial institution based in Thailand, reported that the demand for inorganic fertilizers is expected to grow at an annual rate of 2.0-3.0% until 2025. Therefore, the rising demand for inorganic chemicals in the fertilizer industry is propelling the growth of the other basic inorganic chemicals market.
The increasing awareness of environmental issues is projected to drive the growth of the other basic inorganic chemicals market in the future. Environmental consciousness refers to the understanding of the connection between humans and their environment and the recognition of the necessity to protect and conserve natural resources. This awareness is becoming progressively significant in the production and utilization of basic inorganic chemicals due to concerns about their environmental impact. Chemists are actively working to create new production methods that require less energy and raw materials while generating less waste. For example, in July 2023, the Office for National Statistics, a UK government department, reported that in a survey conducted between May and June 2023, over 86% of adults in Great Britain indicated they had made at least some lifestyle changes to address environmental issues. Thus, the growing environmental consciousness is fueling the growth of the other basic inorganic chemicals market.
A notable trend gaining traction in the other basic inorganic chemicals market is the expansion of production plants equipped with advanced technology. Major companies in the industry are prioritizing the establishment of new sulfuric acid plants employing cutting-edge technologies to maintain their competitive positions. For example, in October 2022, Andritz AG, a technology group based in Austria, achieved a milestone by creating the world's first sulfuric acid plant for Klabin's Ortigueira mill in Brazil. This plant, based on Andritz's A-Recovery+ concept, can produce 150 metric tons of commercial-grade (>98%) sulfuric acid daily from concentrated odorous vapors and elemental sulfur. Part of Andritz's CircleToZero product line, this facility aims to eliminate waste byproducts, create value-added goods, and establish a framework for zero-emissions, zero-waste production.
Major players in the other basic inorganic chemicals market are also concentrating on introducing innovative products, such as alkali-stable silicone antifoam, to gain a competitive edge. Alkali-stable silicone antifoam, designed for efficacy in high-alkaline environments, was exemplified by the launch of Akasil Antifoam XP 20 by BRB International BV in May 2023. This high-performance antifoam emulsion, with 20% active content, offers superior antifoaming performance in various applications, including metalworking fluids and gas-sweetening processes. Akasil Antifoam XP 20 is stable in high-alkaline conditions and remains shear stable, making it suitable for deployment in high-shear environments.
In May 2022, the WeylChem Group of Companies, a German-based fine and specialty chemicals platform, acquired INEOS Sulphur Chemicals Spain S.L.U. from INEOS Enterprises. This undisclosed acquisition reinforces WeylChem's commitment to strengthening its position as a strategic partner in advanced intermediates and reagents, leveraging its manufacturing expertise, technical reliability, and timely production. INEOS Enterprises, based in the UK, operates in the sulfuric acid sector.
Major companies operating in the other basic inorganic chemical market include Akzo Nobel NV, Evonik Industries AG, Mitsubishi Chemical Corporation, GFS Chemicals Inc., Behn Meyer Holding AG, Eastman Chemical Company, Sumitomo Chiba Chemical Co. Ltd., Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation, LG Chem Ltd., Arkema SA, Solvay SA, Tata Chemicals Limited, Otsuka Chemical Co. Ltd., Albemarle Corporation, Cabot Corporation, The Dow Chemical Company, Huntsman Corporation, Ineos Group Limited, Lanxess AG, Olin Corporation, PQ Corporation, Rhodia SA, Shin-Etsu Chemical Co. Ltd., Tosoh Corporation, W.R. Grace & Co., Zeon Corporation, American Elements Corporation, Chemetall GmbH, Materion Corporation, Merck KGaA, Umicore SA
Asia-Pacific was the largest region in the other basic inorganic chemical market in 2024. The regions covered in the other basic inorganic chemical market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the other basic inorganic chemical market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The other basic inorganic chemical market consists of sales of sodium nitrate, ammonium chloride, calcium carbide, hydrogen peroxide, aluminum fluoride and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Other Basic Inorganic Chemical Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on other basic inorganic chemical market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for other basic inorganic chemical ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The other basic inorganic chemical market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.