Over the past year and a half, the chemical industrys capitalmarkets performance has provided a higher level of trs than the overall global market. How novel technologies and consumercentric innovations will create new valueadding opportunities for companies active in the life science and chemical instrumentation market. The chemical industry is one of the worlds largest verticals compared to other industries, and it has significant influence on almost others. Production of polymers account for around 61% of total production of basic major petrochemicals. The goal is to describe the future of the industry in a realistic scenario and in a dramatically changing world. In 2015, department of chemicals and petrochemicals added three new chemical and petrochemical products under its supervision. Growth in the industry has also reversed a decadelong trend in falling employment. Chemical outlook 2015 by region january 12, 2015 issue. Global chemical vapor deposition cvd market 2020 outlook. In terms of value and production volume, indian chemical industry is the 3rd largest producer in asia and 6th by output in the world. Latest chemical industry news, breaking news chemical. This article describes three major chemical industry trends to watch in the coming years, based on studies published by marketsandmarkets, a global market research firm. Alkali chemicals had the largest share in the chemical industry in india with approximately 69% share in the total production. The chemical industry comprises the companies that produce industrial chemicals.
The life science and chemical instruments market is expected to expand at a rate of 7% during the forecast period 20152025. Effecting change will require an integrated approach. Specialty chemicals market size and share outlook by. Indian chemical industry could grow at 11 per cent p. If there are any other topics you would like us to cover in future editions of reaction, please dont hesitate to contact us. This market of life science and chemical instruments will grow twofold by 2025. The eurozone economy continues to sputter with a lackluster growth in the fourth quarter. A global spending outlook study merges a broad range of detailed information ihs chemical maintains on markets, process technologies and projects, and future capacity requirements to provide a detailed bottomup analysis of. The plastics industry contains some overlap, as most chemical companies produce plastic as well as other chemicals. Inorganic chemistry is an important part of the chemical industry, and includes the chemistry of carbonfree compounds. Chemical industry research reports, outlook, forecast.
Yearend 2015 chemical industry situation and outlook. China will presumably contribute more than two percentage points to the rate. An average chemical product is passed from factory to factory several times before it emerges into the market. As many as 1,405 chemical companies operate in the.
The outlook for the european chemical industry is positive. Underlying life science and chemical instrumentation market forces that are compelling consumers or businesses to purchase the product. We cater latest chemical industry outlook, chemical industry trends and chemical industry forecast. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy.
Outlook for the chemical industry basf online report 2015. Raw materials include fossil fuels and inorganic chemicals. Global dead sea mud cosmetics market was valued at usd 1. Chemical outlook 2015 by market january 12, 2015 issue. Chemical product manufacturing in the uk industry data. It takes stock of global trends as well as progress made and gaps in. John industrial info at its next industrial market outlook conference on may 2 in valley forge, pennsylvania.
Chemical pesticide manufacturing in china industry data. Chemical industry in india sector overview invest india. Chemical industry project outlook improves for 2018. Global chemical production excluding pharmaceuticals will probably grow by 3. Our economic snapshot offers news about the world economic atomsphere and how it may affect your bottom line. We expect production in the advanced economies to expand by 1. Inorganic chemistry is the base for technical areas such as metallurgy and semiconductors.
Home volume 93 issue 2 chemical outlook 2015 by region. Unep calls for urgent action to tackle chemical pollution xinhua news agency, 11. Press release global chemical vapor deposition cvd market 2020 outlook, industry size, share, growth, geographical segmentation, comprehensive analysis by 2026. Global outlook chemical industry, its importance to the indian economy, its major subsectors and their growth potential, and the technol. Chemical pesticide manufacturin in china industry trends 20152020 chemical pesticide manufacturin in china industry outlook 20202025 poll average industry growth 20202025. Unclear impact of crude adds to methanol uncertainty as with most other chemical commodity markets, the outlook for methanol prices in 2015 is linked to crude oil developments. Life science and chemical instrumentation market global. Reproduction in whole or in part without permission is prohibited. Outlook global chemical industry production growth by.
Top 5 technology trends changing the chemical industry landscape. 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. The eurozone economy is sputtering along with a meager growth in the second quarter of 2015. Well be back with our next edition in february, with an outlook on the chemical industry in china, a feature on mergers and acquisitions and a highlight on how global rules of competitiveness embrace gcc petrochemicals. The chemical industry traversed rough waters in 2015. Industry statistics cover all companies in the united states, both public and private, ranging in size from small businesses to market leaders. 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. Against the backdrop of current developments, the vci updated its study the german chemical industry 2030 dating from 20. Specialty chemicals are manufactured for specific performance and functions in different end use industries. Agricultural chemical industry outlook deloitte us. This statistic displays a forecast of the annual production growth in the chemical industry worldwide from 2020 to 2024, by region. A global spending outlook study merges a broad range of detailed information ihs chemical maintains on markets, process technologies and projects, and future capacity requirements to provide a detailed bottomup analysis of the outlook for capacity additions and associated spending in the chemicals industry. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities. December 2019 plastic waste is a critical issue of our time.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. The chemical industry is one of the worlds largest branches and has significant influence on many other industries. The global chemicals outlook ii from legacies to innovative solutions. Chemical product manufacturing in the uk industry outlook 20202025 poll average industry growth 20152020.
There is a slight negative bias in the outlook distribution that is largely explained by company and countryspecific issues. The agricultural chemical industry outlook is being shaped significantly by new developments such as integrated pest management ipm, precision farming, and offpatent products, all of which have the potential to reduce agrochemical revenues. The year ended with key players declaring poor financials, thus, providing a cautious outlook for 2019. Global outlook t he philippine chemical industry is one of the. Technology trends in chemical industry what matters. World fertilizer trends and outlook to 2020 4 the world and regional demand forecasts for the three main plant nutrients for 2015 to 2020 are presented in annexes 1, 2 and 3, as well as in annexes 4, 5 and 6 where compound annual growth rates cagr are also provided.
World demand for fertilizer nutrient use, 20152020 thousand tonnes. Second, we look at what is behind this performance, and the industrys prospects. Total production of major chemicals and petrochemicals stood at 27,847 mt during 201819, a growth of 4. Ideally this means optimism about the future spend in the chemical industry is even stronger. The european chemical industry council cefic expects chemical output in the european union to rise 2% year over year in 2018. As part of the philippine chemical industry masterplan 20122030, the industry aims to establish itself as a leading. Press articles on the global chemicals outlook ii highlights china. Basf report 2015 pdf download the entire basf report 2015 as a pdf. Our flagship business publication has been defining and informing the seniormanagement agenda since 1964. Chemical industry, complex of processes, operations, and organizations engaged in the manufacture of chemicals and their derivatives. Stay uptodate and engaged with the latest industryrelated news.
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