The Business Research Company Chemicals Market Report – Impact and Recovery of COVID-19
LONDON, GREATER LONDON, UK, September 23, 2021 /EINPresswire.com/ – Chemical companies are increasingly adopting sustainable and environmentally friendly processes to eliminate the negative impacts of chemical manufacturing on the environment. Developments in technology and chemical sciences have made it possible for chemical companies to use alternative fuels to make chemicals. They use naturally available carbon dioxide to produce fuels, industrial products and other substances. For example, Akzo Nobel NV, a chemicals and coatings giant, plans to invest seven figures in Green Lizard Technologies’ patented process to make surfactants from plants rather than oils.
The global chemicals market size is expected to grow from $ 3,340.32 billion in 2020 to $ 3,728.43 billion in 2021 at a compound annual growth rate (CAGR) of 11.6%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that resulted in operational challenges. The market is expected to reach $ 4,304.71 billion in 2025 at a CAGR of 4%.
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The main players in the global chemical industry are China Petroleum & Chemical Corporation (Sinopec), BASF SE, Bayer AG, Dow Chemical, LyondellBasell Industries.
Asia-Pacific was the largest region of the global chemicals market, accounting for 49% of the market in 2020. North America was the second largest region accounting for 17% of the global market. Africa was the smallest region in the world chemicals market.
The global TBRC Chemicals market report is segmented by type into general chemicals, printing inks, toiletries, soaps and cleaners, adhesives, paints and coatings, pesticides and other agricultural chemicals, chemical fertilizers , synthetic rubber and fibers, plastics and resins, ethyl alcohol and other basic organic chemicals, other basic inorganic chemicals, synthetic dyes and pigments, industrial gases, petrochemicals.
Global Chemicals Market Report 2021 – By Type (General Chemical, Printing Inks, Toiletries, Soaps & Cleaners, Adhesives, Paints & Coatings, Pesticides & Other Agricultural Chemicals, Chemical Fertilizers, Rubber & synthetic fibers, plastics and resins, ethyl alcohol And other basic organic chemicals, other basic inorganic chemicals, synthetic dyes and pigments, industrial gases, petrochemicals), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company which provides an overview of the chemicals market, forecast of the chemicals market size and growth for the entire market, chemicals market segments and geographies, chemicals market trends , chemical products market drivers, restraints, revenues, profiles and market shares of s main competitors.
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Here is a list of similar reports from the Business Research Company:
Global Chemicals Market Report By End Use 2020 – By Type (Ethyl Alcohol And Other Basic Organic Chemicals, Petrochemicals, Plastics And Resins, Fertilizers, Toiletries, General Chemicals, Soaps And Cleaning Compounds, paints and coatings, printing inks, industrial gas, adhesives, synthetic dyes and pigments, synthetic rubber and fibers, pesticides and other agricultural chemicals, other basic inorganic chemicals)
Petrochemicals Market – By Type (Ethylene, Propylene, Benzene, Xylene, Styrene, Toluene, Cumene, Others), By End User (Textile, Furniture, Paints & Coatings, Pharmaceuticals, Rubber & Synthetic Fibers, Plastics & Resins, toiletries and Cleaning Products, others), and by Region, Opportunities and Strategies – Global Forecast to 2030
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