2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theChemicals Market?

Boosted by the escalating need for inorganic chemicals in the fertilizer sector, the chemical market is set to witness significant growth. Fertilizers, which may be naturally sourced or fabricated, are packed with chemical components that enhance plant growth and yield. The vital nutrients required to support crop growth and productivity are supplied by inorganic fertilizers, which are made up of fundamental inorganic chemicals. Consequently, the demand for inorganic chemicals in the fertilizer industry fosters the chemicals need. Citing a 2022 report from S&P Global Inc., a publicly listed corporation in the US, it was revealed that fertilizer consignments amounted to 224 million metric tonnes. More than 100 million metric tonnes of fertilizer intermediates like ammonia, sulfur, and phosphate rock were dispatched. The primary fertilizer demand is projected to more than double in value, skyrocketing from $115 billion to approximately $231 billion, due to factors affecting both demand and supply chain. Thus, the chemical market’s growth is stoked by the burgeoning demand for inorganic chemicals in the fertilizer industry.

Get Your Free Sample Report Now – Explore Exclusive Market Insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=1870&type=smp

How Has the Chemicals Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

Significant growth has been observed in the chemicals market size in the previous years. The market is predicted to escalate from $5614.19 billion in 2024 to $6158.94 billion in 2025, marking a compound annual growth rate (CAGR) of 9.7%. Factors contributing to the growth during the historic period include global economic conditions and trends, the cost of raw materials, market consolidation, and a surge in global population.

A robust expansion is anticipated in the size of the chemicals market in the coming years. With a compound annual growth rate (CAGR) of 8.6%, the market size is projected to achieve $8580.4 billion by 2029. Factors contributing to this growth during the forecast period include rigorous environmental policies, changes in consumer behavior, the use of renewable and bio-based materials, geopolitical aspects, and an emphasis on health and safety. Key trends predicted for the forecasted period consist of green chemistry and sustainability, digital metamorphosis, the circular economy, nanotechnology and advanced materials, resilience in supply chain, and the digitalization embraced by Industry 4.0.

You can Directly Purchase the Report Here:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1870

What Key Market Trends and Innovations Are Shaping the Future of theChemicals Industry?

There is a growing tendency for chemical companies to embrace environmental-friendly practices in a bid to negate the adverse effects of chemical production on our environment. Advances in technology and chemical procedures have allowed these firms to adopt alternative energy sources for creating their chemical goods. They are harnessing naturally occurring carbon dioxide to generate fuels, industrial elements, and other substances. For example, Akzo Nobel N.V., a heavyweight in the chemicals and coatings industry, has plans to make a multimillion-dollar investment in Green Lizard Technologies’ patented method of producing surfactants from plants instead of oils.

Which Companies Are Leading the Charge in Expanding theChemicals Market Growth?

Major companies operating in the chemicals market include Sinopec Limited, China National Chemical Corporation (ChemChina), BASF SE, Procter & Gamble Company, Unilever plc, Dow Inc., Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., L’Oreal SA, LG Chem Ltd., Mitsubishi Chemical Holdings Corp., Wanhua Chemical Group Co. Ltd., Sumitomo Chemical Co. Ltd., Evonik Industries AG, Covestro AG, PPG Industries Inc., Solvay S.A., Arkema S.A., DuPont de Nemours Inc., Air Products and Chemicals Inc., Shin-Etsu Chemical Co. Ltd., Akzo Nobel N.V., Eastman Chemical Company, Celanese Corporation, Huntsman Corporation, Formosa Plastics Corporation, FMC Corporation, Guardian Industries LLC, JXTG Holdings Inc., Clariant AG, Nippon Paint Holdings Co. Ltd., Henkel AG & Co. KGaA, The Sherwin-Williams Company, DIC Corporation

Order Your Report Now For A Swift Delivery:

https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report

How is the Global Chemicals Market Segemented?

The chemicals market covered in this report is segmented –

1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap And Cleaning Compounds, Adhesives, Paints And Coatings, Pesticide And Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber And Fibers, Others

2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide

3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints And Dyes, Oil And Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users

Subsegments:

1) By General Chemical Product: Specialty Chemicals, Basic Chemicals

2) By Printing Inks: Solvent-Based Inks, Water-Based Inks, UV-Curable Inks

3) By Toiletries: Skin Care Products, Hair Care Products, Oral Care Products

4) By Soap And Cleaning Compounds: Household Cleaning Products, Industrial Cleaning Agents, Specialty Soaps

5) By Adhesives: Water-Based Adhesives, Solvent-Based Adhesives, Hot Melt Adhesives

6) By Paints And Coatings: Architectural Coatings, Industrial Coatings, Automotive Coatings

7) By Pesticide And Other Agricultural Chemicals: Herbicides, Insecticides, Fungicides

8) By Chemical Fertilizers: Nitrogen Fertilizers, Phosphate Fertilizers, Potash Fertilizers

9) By Synthetic Rubber And Fibers: Styrene-Butadiene Rubber (SBR), Ethylene Propylene Diene Monomer (EPDM), Synthetic Fibers

10) By Others: Polyethylene, Polypropylene, Polyvinyl Chloride (PVC), Ethanol, Methanol, Acetic Acid, Sodium Carbonate, Calcium Carbonate, Sulfuric Acid, Organic Dyes, Inorganic Pigments, Specialty Pigments, Oxygen, Nitrogen, Argon, Aromatics, Aliphatic Hydrocarbons, Olefins

Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!

https://www.thebusinessresearchcompany.com/customise?id=1870&type=smp

Which Geographics are Influencing the Growth of the Chemicals Market?

Asia-Pacific was the largest region in the chemicals market in 2024. North America was the second-largest region in the chemicals market. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Reports Similar to the Global Chemicals Market 2025, By The Business Research Company:

Ship And Boat Building And Repairing Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/ship-and-boat-building-and-repairing-global-market-report

Ship Building Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/ship-building-global-market-report

Shipboard Cables Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/shipboard-cables-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: