Report overview
Commodity chemicals (bulk chemicals) are a group of chemicals that are made on a very large scale and act as intermediates to produce other chemicals, which, in turn are used to produce a extensive range of end-user products including construction materials, adhesives, plastics, apparel and tires. Commodity chemicals are the largest sub-segment of the chemical industry. Commodity chemicals are commonly traded under broad categories such as organics, inorganics, plastics resins, synthetic rubbers, fibers, films, explosives and petrochemicals. These broad categories include chemicals such as, acetic acid, acetone, acrylate esters, adipic acid, acrylonitrate, benzene, bisphenol, butadiene, butanediol, butyl acetate, hexane, melamine, polyvinyl chloride, propylene, methanol, methyl, glycol and glycerines. These chemical are very low in product differentiation, and hence making price the dominant economic factor in purchasing decisions for the end users.
This report contains market size and forecasts of Commodity Chemicals in Global, including the following market information:
Global Commodity Chemicals Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Commodity Chemicals market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Organics Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Commodity Chemicals include BASF, Bayer, The Dow Chemical, Mitsubishi Chemical Holdings, PPG Industries, Linde, Akzo Nobel, LyondellBasell Industries and Asahi Kasei, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Commodity Chemicals companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commodity Chemicals Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Commodity Chemicals Market Segment Percentages, by Type, 2021 (%)
Organics
Inorganics
Plastics Resins
Synthetic Rubbers
Fibers
Films
Explosives
Petrochemicals
Global Commodity Chemicals Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Commodity Chemicals Market Segment Percentages, by Application, 2021 (%)
Hospitals
Biotechnology Companies
Scientific Research Institutions And Universities
Others
Global Commodity Chemicals Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Commodity Chemicals Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Commodity Chemicals revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Commodity Chemicals revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BASF
Bayer
The Dow Chemical
Mitsubishi Chemical Holdings
PPG Industries
Linde
Akzo Nobel
LyondellBasell Industries
Asahi Kasei
Sumitomo Chemicals
Evonik Industries
INEOS
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