Global Chemicals

The report provides key insights into the industry, segmentation, market analysis & outlook of the Global Chemicals industry.

The global chemicals market achieved moderate growth overall during the historic period, with growth rates decelerating throughout the period. The market is expected to recover and achieve strong growth in 2021, with healthy rates expected over the remainder of the forecast period.

View an inclusive summary of the chemicals market data from an expert’s perspective.

The global chemicals market achieved a marginal growth of 0.2% in 2020, partially caused by the COVID-19 pandemic, which ground much economic activity to a halt. Due to this, the demand for chemicals experienced severe shocks, supply chains were heavily disrupted and chemical company stocks took major hits. All these factors had a negative impact on the chemicals market in 2020. There was a notable decline in demand for chemical products related to the automotive and construction industries. However, the pandemic did create new opportunities for biocidal paints, coatings and surfaces, which offset the decline somewhat.

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• Category segmentation: Commodity chemicals is the largest segment of the global chemicals market, accounting for 50.4% of the market's total value. The Specialty chemicals segment accounts for a further 19.1% of the market
• Geography segmentation: Asia-pacific accounts for 61.5% of the global chemicals market value. Europe accounts for a further 18% of the global market
• Supplier power: In 2025, the global chemicals market is forecast to have a value of $5,567.4 billion, an increase of 26.6% since 2020. The compound annual growth rate of the market in the period 2020–25 is predicted to be 4.8%

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