The General Chemical Product Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s General Chemical Product Global Market Report 2024, The general chemical product market size has grown strongly in recent years. It will grow from $309.7 billion in 2023 to $329.93 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to industrial demand, raw material costs, global economic conditions, market competition, consumer trends.
The general chemical product market size is expected to see strong growth in the next few years. It will grow to $415.82 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to supply chain disruptions, sustainability initiatives, evolving consumer preferences, government policies and regulations, global health events. Major trends in the forecast period include green and sustainable chemistry, digitalization and industry 4.0, regulatory compliance and safety, bio-based chemicals, supply chain resilience.
The growth in the pharmaceutical sector is expected to boost the growth of the general chemical product market going forward. The pharmaceutical industry refers to a commercial enterprise that has a license to produce, market, and distribute pharmaceuticals. Chemicals play a critical role in the manufacturing of a variety of pharmaceutical products, including medications, topical ointments, vaccines, dietary supplements, and unique newborn milk compositions; hence, the growth in the pharmaceutical sector is expected to boost the general chemical products market. For instance, in March 2022, according to the 2021–2030 National Health Expenditure (NHE) report published by the Centers for Medicare & Medicaid Services, a US-based Department of Health and Human Services department, the annual increase in national health spending was predicted to average 5.1% between 2021 and 2030, reaching approximately $6.8 trillion by 2030. Additionally, throughout the period 2021–2030, Medicare expenditures are expected to expand at a 7.2% annual rate, while Medicaid spending is expected to grow at a 5.6% annual rate. Therefore, the growth in the pharmaceutical sector is driving the growth of the general chemical products market.
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The general chemical product market covered in this report is segmented –
1) By Type: Except Basic Chemicals, Resins, Synthetic Rubber, Other Types
2) By Product Type: Organic, Inorganic
3) By Application: Household, Commercial
Major companies operating in the general chemical products market are focusing on developing advanced sustainable resins to meet environmental regulations and address growing consumer demands for eco-friendly products. Advanced sustainable resin refers to an environmentally conscious and durable polymer material that minimizes environmental impact and promotes long-term ecological sustainability. For instance, in May 2023, SABIC, a Saudi Arabia-based chemicals company, launched LNP ELCRIN WF0051iQ. The latest addition to the company's sustainable iQ resins, this compound features thin-wall construction, non-brominated or non-chlorinated flame retardance, and is the first LNP ELCRIN iQ grade to meet the UL94 V0 standard for fire resistance at 0.4 mm, making it ideal for electrical applications. With a relative thermal index (RTI) of 130°C at 0.4 mm and a comparative tracking index (CTI) of 2, it enhances safety and reduces material requirements, potentially lowering tooling costs.
The general chemical product market report table of contents includes:
- Executive Summary
- General Chemical Product Market Characteristics
- General Chemical Product Market Trends And Strategies
- General Chemical Product Market - Macro Economic Scenario
- Global General Chemical Product Market Size and Growth
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- Global General Chemical Product Market Competitive Benchmarking
- Global General Chemical Product Market Competitive Dashboard
- Key Mergers And Acquisitions In General Chemical Product Market
- General Chemical Product Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- China Petrochemical Corporation
- Exxon Mobil Corporation
- Mitsui Chemicals Inc.
- BASF SE
- Dow Inc
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TheBusinessResearchCompany published its Chemicals Global Market Report 2019 which provides strategists, marketers and senior management with the critical information they need to assess the global chemicals market.
The report covers the chemical market’s segments- chemicals by end use, chemicals by product family , general chemical product, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other agricultural chemicals, fertilizer, synthetic rubber and fibers, plastic material and resins, ethyl alcohol and other basic organic chemical, other basic inorganic chemical, synthetic dye and pigment, industrial gas, petrochemicals, olefins & derivatives, plastics, aromatics & fibers, chlor-alkali/vinyls/inorganics, syngas chemicals.Explore Complete Report https://www.thebusinessresearchcompany.com/report/chemicals-global-market-reportChemicals Global Market Report 2019 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=1870=smpShifting production facilities to emerging markets, chemical manufacturers adopting IOT technology, and rapid evolution in green technologies are the major trends witnessed in the global chemicals market.Get Discount On This Report https://www.thebusinessresearchcompany.com/sample.aspx?id=1870=discountChapters from Table of Content:Chapter 1.
Chemicals Market Competitive LandscapeChapter 21.
Copyright And DisclaimerFew Points From List of Tables:Table 1: Historic Market Growth, Value ($ Billion)Table 2: Forecast Market Growth, Value ($ Billion)Table 3: Global Chemicals Market, 2018, By Region, Value ($ Billion)………..Table 183: Global Chemicals Market In 2022- Growth CountriesTable 184: Global Chemicals Market In 2022- Growth SegmentsTable 185: Global Chemicals Market In 2022- Growth StrategiesAbout Us:The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research.
