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Science Lab

Chemicals

The global chemical market size was valued at around $5 trillion in 2021. It is projected to grow at a CAGR of around 4% during the forecast period from 2022 to 2031. The growth of the market is driven by the increasing demand for chemicals in various end-use industries such as construction, automotive, healthcare, and consumer goods. The Asia-Pacific region is expected to dominate the global chemical market, due to the presence of a large number of chemical manufacturers and the increasing demand for chemicals in countries such as China and India.

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Our services for the chemicals industry to help businesses improve their operations and strategy are:

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  • Market analysis and forecasting: We provide market research and analysis to help companies understand current trends and identify opportunities for growth in the chemicals industry. This includes forecasts for demand for specific chemical products, analysis of key competitors, and identification of emerging technologies that may impact the industry.

  • Strategy development and implementation: We help companies develop and implement strategic plans that align with their business goals and objectives. This may include identifying areas for cost reduction, improving operational efficiency, or entering new markets.

  • Mergers, acquisitions, and divestitures: We assist companies with buying or selling chemical businesses or assets, as well as with post-merger integration.

  • Supply chain optimisation: We help chemical companies optimise their supply chain operations to improve efficiency and reduce costs. This may include identifying and implementing new technologies, improving logistics and transportation processes, or outsourcing certain functions.

  • Environmental, health, and safety (EHS) compliance: We help chemical companies comply with various regulations related to EHS and sustainability, such as chemical regulations and safety standards. This may include auditing and assessment, compliance management, or training and consulting services.

  • Technology and digitalisation: We help chemical companies adopt and implement new technologies such as IoT, AI, Industry 4.0, cloud computing, and digital platforms that enable data collection, analysis, and decision making to improve operational efficiency, reduce costs and increase revenue.

  • Process optimisation: We help chemical companies optimise their manufacturing processes to improve efficiency, reduce costs, and increase product quality. This may include identifying and implementing new technologies, redesigning manufacturing layouts, or developing new process control systems.

  • Regulatory compliance: We assist chemical companies with compliance to various regulations such as environmental regulations, health and safety regulations, and export/import regulations.

  • Cost reduction: We help chemical companies identify and implement cost-saving measures, such as process improvements, energy efficiency and waste reduction.

  • Product development: We help chemical companies develop new products or improve existing ones, by identifying new market opportunities, conducting market research, and providing support with new product development and launch.

  • Distribution and sales channel optimisation: We help chemical companies optimise their distribution and sales channels to increase revenue and improve customer service. This may include identifying new sales channels, developing sales strategies, and implementing new technologies to improve sales and customer relationship management.

  • Human resources management: We help chemical companies with human resources management, such as improving employee productivity, developing talent management strategies, and implementing employee engagement programs.

  • Innovation and R&D: We help chemical companies with research and development of new products, processes, and technologies.

Laboratory

Top Chemicals

Nitrogen fertilisers, such as ammonium nitrate and urea. Yara International from Norway is a leading company in a $63.4B market.

Ethylene and propylene, used to make plastics and other materials. Sabic is the largest company followed by Exxon, Chevron and Dow in a $5.5B market.

Methanol used in the production of various chemicals and fuels. ChemChina is the largest manufacturer followed by Methanex and Sabic in a $32B market.

Ethylene oxide used to make detergents and other chemicals. The largest manufacturer is LyondellBasell followed by DOW and INEOS in a $31B market.  

PVC (polyvinyl chloride), used to make pipes, siding, and other products. The leading manufacturer is ChemChina followed by Formosa and Dupont in a $80B market.

Acetic acid used to make vinegar and various industrial chemicals. The largest manufacturer is Celanese followed by Sabic and Mitsubishi in a $20B Market.

Ammonia used in fertilisers, refrigeration, and cleaning products. The largest manufacturer is Yara followed by CF Industries and Agrium in a $78B market.

Styrene used to make plastics, rubber, and insulation. The largest manufacturer is INEOS followed by Styrolution and Formosa in a $35B market.

Caustic soda used in the production of textiles, soaps, and other products. The largest manufacturer is DOW chemicals followed by Olin and Occidental in a $40B market.

Chlorine used in the production of various chemicals and as a disinfectant. The largest manufacturer is DOW chemicals followed by Olin and Occidental in $14B market.

Sulfuric acid, used in the production of fertilisers, dyes, and other chemicals. The largest manufacturer is Mosaic followed by CF and Yara in a $14B market.

Benzene, used as a starting material for the production of other chemicals such as plastics, synthetic fibres, rubber lubricants, pesticides, and pharmaceuticals. The leading manufacturer is BASF followed by Braskem and Reliance in a $59B market.

Formaldehyde, used in the production of resins, adhesives, and other chemicals. The leading manufacturer is BASF followed by Hexion and Metafrax in a $7B market.

Methane, used as a feedstock for the production of other chemicals such as methanol and ammonia. The leading manufacturer is Exxon followed by Conoco and Hilcorp in a $5.7B market.

Butadiene, used in the production of synthetic rubber and plastics. The leading manufacturer is China Petrochemical followed by China National Petroleum and TPC in a $10.5B market.

Xylene, used as a solvent and as a starting material for the production of other chemicals. The leading manufacturer is Exxon followed by INEOS and Reliance in a $44B market.

Propylene oxide, used in the production of polyurethane foams, adhesives and other chemicals. The leading manufacturer is Lyondell Basell followed by Dow and Shell in a $23B market.

Sodium hydroxide, used in the manufacturing of soaps, paper, and textiles. The leading manufacturer is Tata Chemicals followed by Olin and Westlake in a $49B market.

Chloroform, used as a solvent, a starting material for the production of other chemicals, and as a refrigerant. The leading manufacturer is BASF followed by DOW and Solvay in a $4.2B market.

Acetone, used as a solvent, a starting material for the production of other chemicals, and as a cleaner. The leading manufacturer is Eastman followed by INEOS and Mitsui in a $4B market.

Toluene, used as a solvent, a starting material for the production of other chemicals, and as a fuel additive. The leading manufacturer is Exxon followed by Sinopec and Shell in a $24B market.

Hydrogen peroxide, used as an oxidising agent, a bleach, and a disinfectant. The leading manufacturer is Solvay, Evonik and Arkema in a $5.5B market.

Nitric oxide, used as a fertiliser, a fuel, and a chemical intermediate. The leading manufacturer is Agrium, CF and BASF in a $800M market.

Sodium chloride, commonly known as table salt, used as a food seasoning, a preservative, and a chemical intermediate. The leading manufacturer is K+S group followed by Cargill and China National Salt in a $28B market.

Phosphoric acid, used as a rust remover, a food additive, and a chemical intermediate. The leading manufacturer is ICL followed by OCP and Mosaic in a $48B market.

Glycerol, used as a sweetener, a moisturiser, and a chemical intermediate. The leading manufacturer is Wilmar followed by Emery and IOI in a $2B market.

Potassium hydroxide, used in the manufacturing of soaps, fertilisers, and batteries. The leading manufacturer is UNID, Occidental and Erco in a $1.8B market. 

Calcium oxide, commonly known as quicklime, used as a chemical in feedstock. The leading manufacturer is Merck, Carmeuse and Graymont in a $40B market.

Sodium bicarbonate, commonly known as baking soda, used as a leavening agent, a food additive, and a cleaning agent. The leading manufacturer is Solvay followed by Merck and Nirma in a $1.5B market.

Cargo Ship

Chemical Exporting Countries

  1. China: US$106.2 billion (16.4% of total exported chemicals)

  2. United States: $56.4 billion (8.7%)

  3. Germany: $44.6 billion (6.9%)

  4. Ireland: $38 billion (5.9%)

  5. Belgium: $34 billion (5.2%)

  6. South Korea: $31.3 billion (4.8%)

  7. Switzerland: $30.5 billion (4.7%)

  8. Netherlands: $27.9 billion (4.3%)

  9. Japan: $27.7 billion (4.3%)

  10. India: $23.6 billion (3.6%)

  11. France: $18 billion (2.8%)

  12. Saudi Arabia: $16.3 billion (2.5%)

  13. United Kingdom: $15.7 billion (2.4%)

  14. Singapore: $14.5 billion (2.2%)

  15. Taiwan: $13.8 billion (2.1%)

Chemical Plant

Top 50 Chemical Companies

  1. ​​BASF - $67B - Germany

  2. Sinopec - $46B - China

  3. Dow - $38B - US

  4. Ineos - $31B - UK

  5. Sabic - $28B - Saudi Arabia

  6. Formosa Plastics - $27B Taiwan

  7. LG Chem - $25B - South Korea

  8. Mitsubishi Chemical- $25B - Japan

  9. Linde - $24B - UK

  10. LyondellBasell - $23B - US

  11. ExxonMobil Chemical - $23B - US

  12. Air Liquide - $23B - France

  13. PetroChina - $21B - China

  14. DuPont - $20B - US

  15. Hengli Petrochem - $17B - China

  16. Sumitomo Chemical - $15B - Japan

  17. Toray Industries - $15B - Japan

  18. Shin-Etsu Chemical - $14B - Japan

  19. Evonik Industries- $13B - Germany

  20. Reliance Industries - 13B - India

  21. Covestro - $12B - Germany

  22. Shell Chemicals- $11B - Netherlands

  23. Yara - $11B - Norway

  24. Braskem - $11B - Brazil

  25. Mitsui Chemicals - $11B - Japan

  26. Syngenta - $11B - Switzerland

  27. Bayer - $11B - Germany

  28. Solvay - $11B - Belgium

  29. Wanhua Chemical - $10B - China

  30. Indorama - $10B - Thailand

  31. Lotte Chemical- $10B - South Korea

  32. Johnson Matthey - $9B - UK

  33. Umicore - $9B - Belgium

  34. Asahi Kasei - $9B - Japan

  35. DSM - $9B - Netherlands

  36. Arkema - $8B - France

  37. Air Products - $8B - US

  38. Mosaic - $8B - US

  39. Hanwha - 8B - South Korea

  40. Eastman Chemical - 8B - US

  41. Chevron Phillips - 8B - US

  42. Rongsheng Petro - $8B - China

  43. Borealis - $7B - Austria

  44. Westlake Chemical - $7B - US

  45. Sasol - $7B - South Africa

  46. Nutrien - $7B - Canada

  47. Lanxess $6B - Germany

  48. Tosoh - $6B - Japan

  49. DIC - $6B - Japan

  50. Corteva Agriscience - $6B - US

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