Chemical industry is one of the oldest industries within manufacturing. It not only plays a crucial role in meeting the day to day needs of the common man, but also contributes significantly towards industrial and economic growth of a nation. The global chemical industry has seen a significant structural change in the last few years–Shift of manufacturing locations to Asian countries, new emerging growth markets, new technology as well as the all-encompassing impact of the global economic crisis coupled with rising raw material costs. During the last two years, the commodity/bulk and the specialty chemicals segments have undergone sharp declines in demand and margin as a result of the global economic crisis. It is expected that chemical demand is expected to be back in developed markets though less significant than Asian demand. All the chemical majors expect higher sales growth of their chemical products would be coming from emerging markets such as China, India, Brazil and Korea. The Middle East has also seen a lot of investments, attracting new capacity, given its significant potential advantage in low cost hydrocarbon feed stocks mainly supported by near access to Crude oil. This is primarily due to higher GDP growth rates attributed to economic growth and new application development areas in these regions. The global chemical industry will retain a strict focus on managing cash flow, controlling operating rates as well as securing raw materials globally. Key challenges remain regulations and carbon emissions policies which are pushing companies towards greener products and do away from petro chemical based feed stocks.
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Published Date:2017- Feb
Bitumen Market Size By Product (Paving, Oxidized, Cutback, Emulsion, Polymer Modified), By Application (Roadways, Waterproofing, Adhesives, Insulation), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024
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Carboxylic Acid Market Size By Product (Acetic, Valeric, Isovaleric, Formic, Propionic, Butyric, Isobutyric, Citric, Caproic, Stearic), By End-User (Food & Beverages, Animal Feed, Personal Care & Cosmetics, Lubricants, Consumer Goods), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
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Polypropylene Random Copolymer Market Size By End-use (Packaging, Building & Construction, Healthcare) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC) Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
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