Global Commodity Chemical Market

Commodity chemicals (bulk chemicals) are a group of chemicals that are made on a very large scale to fulfilltheneeds of the global market. It is a sub-segment of the chemical industry and materials. It acts as an intermediate to produce other chemicals and in turn produces a broad scope of end-user products including rubber, construction materials, adhesives, plastics, apparel,textiles, petroleum refining, pulp and paper, primary metalsand tires.

Commodity chemicals applications are in various manufacturing industries. These industries range from personal care industries to aerospace industries.Chemicals are utilized to makea wide assortment of goods, as well as thousands of inputs to agriculture, manufacturing, construction, and service industries. The chemical industry itself consumes 26% of its own output. EU and US chemical companies are the world's largest producers where the chemicals are nearly a $3 trillion global enterprise.

Market Dynamics:

Key Driver:

The economic growth and increasing Gross domestic product (GDP) of developed and developing countries around the world are boosting the overall market for commodity chemicals. Price is the main influencing factor because the product differentiation in the case of these commodity chemicals is very low.

Restraint:

However, the stiff regulation of the governments around the world regarding the health and environment side effect of chemicals and fluctuating prices of crude oil and natural gas are posing asignificant challenge for the industry.

Market Segmentation:

The market is segmented into different areas such as organics & inorganic chemicals, plastics resins, synthetic rubbers, fibers, films, explosives, and petrochemicals.

Market Segmented by Chemical:

The list of chemicals that are currently being used in the market are as follows: acetic acid, acetone, benzene, bisphenol, butadiene, butanediol, butyl acetate, melamine, polyvinyl chloride, methanol, methyl, glycol,glycerine etc.

Market segmented by application:

Companies in the chemical commodity industry are engaged in the treating and enhancement of industrial chemicals and gases, petrochemicals, liquid hydrocarbons, vinyl, stains, paints, tanning and softening agents, explosives, and other commodity chemicals.

Geographic analysis:

The commodity chemical industry is a growing sector in Asia Pacific which accountsfor half of the total market. The reason for this is the growing economy and support for themanufacturing sector in developing countries such as India, China, and Indonesia. Crude oil and natural gas are available in bulk from Gulf countries such as Saudi Arabian, Iran, Iraq, and Syria, thus increasing the growth of commodity chemical industries in Asia Pacific.

In the U.S alone there are 170 major chemical companies. They operate offshore with more than 2,800 factories outside the U.S. and 1,700 foreign holdings or conglomerates operating. The U.S. produces about $750 billion worth ofchemical output per year. The chemical industry in the USis also the second largest consumer of energy in manufacturing.

In Europe, sectors such as chemical, plastics, and rubber sectors are one of the major industrial sectors, especially in Germany. These sectors alone generate about 3.2 million jobs in more than 60,000 companies across Europe. Since 2000, 2/3 of the manufacturing unit is represented by the chemical sector. By 2020, there could be a great transformation in the global chemical industry with increasing competition from all quarters.

Key Players:

--> BASF SE

--> Bayer AG

--> The Dow Chemical Company

--> Mitsubishi Chemical Holdings Corporation

--> Linde Group

--> Akzo Nobel

--> LyondellBasell Industries

--> Asahi Kasei

--> Sumitomo chemicals

--> Chem China

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage