This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market.
Asia Pacific was the largest region in the chemicals manufacturing market in 2017, accounting for around 36% market share. Western Europe was the second largest region accounting for around 26% market share. Africa was the smallest region accounting for around 3% market share. Asia is the largest market because of its robust manufacturing industry, a major user of petrochemicals, in China and South East Asia.
Chemical companies are increasingly adopting sustainable and ecofriendly processes to eliminate negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enabled chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products and other substances. Elevance Renewable Sciences, a specialty chemicals company, is using green technology, methasis, to produce high concentrated detergents that reduced energy consumption significantly, thus minimizing the impact on the environment.
- Markets Covered: petrochemicals, plastics materials and resin and general chemicals products.
- Time Series: Five years historic and forecast.
- Data: Market value in $ billions.
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
- Teijin Ltd.
- Owens Corning
- KUMHO Petrochemical
- TSRC Corporation
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