The global specialty chemicals market size was estimated at usd 1. Chemicals are used to make virtually every manmade product and. Malaysian chemicals industry from one driven by low cost and. The outlook for the european chemical industry is positive. Yearend 2014 chemical industry situation and outlook. However, the european chemical industry council cefic, which represents the european chemicals industry, expects chemical output to contract 1% in 20 versus a 1. One of the promising avenues for biomass processing is the use of water as a reaction medium for wet or aquatic biomass. Trends and outlook for the chemical industry insulation. In 2016, india chemicals industry had a market size of usd9 billion.
This highly readable and informative reference continues to take a comprehensive, indepth view of the products, markets, and technology of the fine chemicals industry and business. Dec 11, 2014 new decline in global chemical industry operating rates is warning sign for 2015 outlook creative energy for important issues page 40 asia remains at the ottom of the yle. Amelia woynarowska, jerzy baron, stanislaw kandefer, witold zukowski combustion of electronic waste in the reactor with bubbling fluidized bed please cite as. The industry also produces consumer productssuch as cosmetics and laundry detergentand agricultural chemicals i. On the one hand it comprises a well developed upstream industry. A variety of global economic and regulatory forces influence changes in chemical production, transport, import, export, use and disposal over time. Press articles on the global chemicals outlook ii highlights china. Global chemicals outlook acknowledgements the global chemicals outlook report was coordinated by kaj madsen and pierre quiblier, chemicals branch, united na ons environment programme, under the guidance of sylvie lemmet, director, division of technology, industry. Whenever over the past decade we have examined the chemical industrys capitalmarkets performance. As a result, the specialty chemicals industry is becoming more commoditylike in some areas as companies sell certain products on price rather than on performance. Therefore, there was strong participation from industry, labour, other nongovernmental organisations, and other stakeholders. Andrzej biskupski, cezary mozenski, przemyslaw malinowski, ryszard miduch, leszek grochowski safety hazard and quality of nitrochalk fertilizers in relation to the product composition and the granulation method.
Doug gates global sector chair, industrial manufacturing and head of aerospace and defense japanese respondents, in particular, reported taking a highly aggressive. Jan 18, 2011 now updated the authoritative reference on one of the most exciting and challenging areas of the modern chemical industry. On the other hand is the more labourintensive downstream industry. Global outlook s ituated in southeast asia, malaysia is separated by the. Catalyst market analysis, market size, application analysis. In the inorganic chemical industry, catalysts are incorporated into processes like the conversion of ammonia into nitric acid, haber process, contact process, etc. Millions of people throughout the world lead richer, more. There is hardly any industry where chemical substances are not used and there is no single economic sector where chemicals do not play an important role. Chemical makers in the emerging economies are expected to deliver a 7. Global chemicals outlook sustainable development the united. Overview of the specialty chemicals industry specialty. More specifically, potential deals among the following companies. Over the next five years, the most dynamic growth will occur in the gulf coast region, followed by the ohio valley and southeast regions. By 2025, the indian chemical industry is projected to reach usd403 billion.
We do not anticipate widespread improvement in the chemical industry in the european union in 2014. Against the backdrop of current developments, the vci updated its study the german chemical industry 2030 dating from 20. Applied catalysis for sustainable development of chemical. Chemical industry project outlook improves for 2018. India, and indonesia translate to a positive outlook for the asian chemical industry as a whole, says steve jenkins.
The european chemical industry council cefic expects chemical output in the european union to rise 2% year over year in 2018. World chemical outlook for 2018 january 8, 2018 volume 96 issue 2. High gdp share the chemical industry in india is a key constituent of indian economy, accounting for about 2. Specialty chemicals market size, share, outlook industry. Catalyst market analysis, market size, application. Chemicals are an integral part of modern daily life. Outlook global chemical industry production growth by. Chemical industry performance in capital markets mckinsey. Oecd environmental outlook for the chemicals industry.
India specialty chemicals market outlook 2018 gives comprehensive insight on following aspects related to booming specialty chemical market in india. Indian chemical industry could grow at 11 per cent p. Specialty chemicals market outlook industry share report. Chemical industry is oldest in the gcc region and also is the building block of various other industries majorly the manufacturing industry.
The outlook for the chemical industry, like the outlook for the world economy, includes more elements of uncertainty than when we published our last capitalmarket report. This report, global chemicals outlook, compiled by unep in cooperation with international experts, is designed to inform governments and industry on trends in chemicals production, use and disposal, while offering policy advice aimed at meeting the 2020 goal. However, growing imports have caused the trade balance in chemicals to deteriorate during the past decade. American chemistry is building momentum as a growth industry and the. Under responsible care, ciac member companies are expected to report all workplace injuries or illnesses on an annual basis, as well as all substance releases even those that fall below the reporting threshold of canadas national pollutant release inventory npri. Catalyst market analysis, market size, application analysis, regional outlook, competitive strategies and forecasts, 2014 to 2020. Reaction strategic realignment in the global chemical industry. Specialty chemicals market size estimated at usd 830 billion in 2015 and will grow at a cagr of more than 5% from 2016 to 2024 get more details on this report request free sample pdf the usage of agrochemicals by major agrarian countries like china, india, u. Specialty chemicals are manufactured for specific performance and functions in different end use industries. Kpmg international provides no client services and is a swiss entity with which the. Global chemicals outlook towards sound management of. Specialty chemicals market size and share outlook by. In 2016, india chemicals industry had a market size of usd9 billion india is 4th largest global producer of agro chemicals in 2016. Growth in the global economy has slowed down in recent years.
Will the industry be dancing to a very different tune. Summary of the environmental outlook for the chemicals industry the chemicals industry makes products with many beneficial uses, but they can also have negative impacts on human health and the environment. The chemical sector has witnessed growth of 14% in the last 5 years while petrochemicals have registered a growth of 89% over the same period. John industrial info at its next industrial market outlook conference on may 2 in valley forge, pennsylvania. Specialty chemicals market size and share outlook by 2019. Gcc chemical industry witnessed fluctuations in the year 2017 due to declining oil prices to nearly 60% since 20, with usd 77 billion sales revenue in 2017 dropped at a rate of 3% yearonyear. This statistic displays a forecast of the annual production growth in the chemical industry in the united states from 2020 to 2024.
Actual situation the chemical industry has enjoyed high growth rates of more than 3 % per year on average since the beginning of the century. From 2009 to 20, asia added close to 400 million metric tons of chemical capacity. Driven by global megatrends, growth in chemicalintensive industry sectors. Professor rainer diercks, member of the board dechema e. To develop an overview of the petrochemicals industry, its market and its drivers to formulate an understanding of the key issues and challenges facing the industry to provide global and regional medium and longterm outlooks including the impact on.
Chemical industry outlook vma market outlook workshop august 1415, 2014 the langham boston, ma presented by ihs chemical. In response to the growing demand for chemical based products and processes, the international chemical industry has grown dramatically since the 1970s. Chemicals 2035 gearing up for growth roland berger. Looking at the exact location of these industries, one could say that the general outlook for the chemical industry as a.
The goal is to describe the future of the industry in a realistic scenario and in a dramatically changing world. While production in spain and italy will likely stagnate or slightly decrease, we expect slow growth in germany, france and the united kingdom. Acidic catalysts are used in organic chemistry for benzene nitration, esterification, acid catalyzed hydrolysis of esters, etc. Between 20 and 2019, the indian chemical industry also outdid related. Global chemicals outlook towards sound management of chemicals. Yearend 20 chemical industry situation and outlook. From the outset, a core principle of the chemical accidents programme has been the need to cooperate broadly with parties interested in the subject of chemical accident prevention, preparedness and response. Only time will be able to disentangle the short to mediumterm pressures from the longterm shifts that affect chemical makers worldwide. Basic chemicals and other chemicals, with the former being highly capital intensive. Trends and outlook for the chemical industry insulation outlook. From the view of industry, fundamental researches on scientific problems such as diffusion and efficiency of catalysts, homogeneous catalysis in heterogeneous system, in situ characterization in industrial catalysis, etc. Jun 19, 2012 professor rainer diercks, member of the board dechema e. The growth of the market for petrochemicals will be driven by rising demand for downstream products from enduse industries and capacity additions in the base chemical industry.
A global spending outlook study merges a broad range of detailed information ihs chemical maintains on markets, process technologies and projects, and future capacity requirements to provide a detailed bottomup analysis of the outlook for capacity additions and. This highly readable and informative reference continues to take a comprehensive, indepth view of the products, markets, and. The chemicals industry is a major contributor to the malaysian economy, with petrochemicals and oleochemicals the primary products of this sector. Indian chemical industry 14% in the last 5 years 89%. Yearend 20 chemical industry situation and outlook american chemistry is back in the game. The global petrochemicals market size was predicted at usd 441. There is a slight negative bias in the outlook distribution that is largely explained by company and countryspecific issues. Eur 5,600 billion is the revenue that the global chemical industry could earn in 2035 if it continues to expand. Now updated the authoritative reference on one of the most exciting and challenging areas of the modern chemical industry. The global chemicals outlook ii from legacies to innovative solutions. Outlook global chemical industry production growth by region.
Global manufacturing outlook, forbes, 2016 next 12 to 24 months anyone waiting for a slowdown in the level of competition coming from asia will be disappointed. This statistic displays a forecast of the annual production growth in the chemical industry worldwide from 2020 to 2024, by region. Yearend 20 chemical industry situation and outlook american. Feb 04, 2020 this statistic displays a forecast of the annual production growth in the chemical industry in the united states from 2020 to 2024. The zimbabwean chemical sector is diverse and complex. Global outlook s ituated in southeast asia, malaysia is separated by the south china sea into two similarly sized regions peninsular malaysia, which borders thailand to the north, and east malaysia, located on the island of borneo figure 1. The european chemical industry council predicts that european chemical production will rise 0. Indian chemical industry 14% in the last 5 years 89% over. Hydrothermal catalytic production of fuels and chemicals. Ideally this means optimism about the future spend in the chemical industry is even stronger. We will begin momentarily at 2pm et american chemical society. Although late in arriving, chemical companies are now starting to embrace these.
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