Global Commodity Chemicals Market: An Overview
Commodity chemicals market is growing at a healthy CAGR in recent times. The commodity chemicals market is expected to register growth during the forecast period, due to several factors. These factors include growing demand in commodity plastic, cost-effective nature, and rise in applications in new industries.
Commodity chemicals are also known as bulk chemicals and act as ingredients to produce other chemicals. These are sold in large quantities and are useful in the manufacturing of construction materials, tires, adhesives, apparel, and plastics. Commodity chemicals market trades in broad categories including plastic resins, organics, synthetic rubbers, inorganics, explosives, petrochemicals, and films. Glycol, glycerines, methyl, methanol, benzene, acetone, acetic acid, etc. The global commodity chemicals market tends to be extremely price-sensitive due to low product differentiation.
An upcoming Transparency Market Research report sheds light on the current and future trends of the global commodity chemicals market. It provides details on the market’s overview, current trends and challenges, opportunities in the coming years, and growth forecasts for 2018-2026. These insights are crucial for both prevailing and upcoming players in the global commodity chemicals market.
Global Commodity Chemicals Market: Key Trends
Global commodity chemicals market is driven by a rising demand from the plastic industry. This industry is strengthened by a growing demand from the food & beverage sector and consumer retail stores globally. Commodity chemicals offer its unique lightweight and safe features to the plastic industry to produce various goods. The commodity chemicals market is expected to grow as close alternatives such as glass simply do not match up in cost-effectiveness and reliability.
Additionally, the commodity chemicals market offers distinct advantages over specialty chemicals in relevant sectors. The market also offers inexpensive goods which are widely available. The widespread availability of commodity chemicals is also leading to its growth in transportation, automotive, and personal care industry.
Global commodity chemicals market is also faces certain challenges during the forecast period. Growing scrutiny of chemicals and increasing environmental regulations are expected to hinder the market growth during the forecast period. Additionally, the price instability in the crude oil and natural gas market can act as a hindrance to growth as well. However, growing demand in the pharmaceutical industry, in agriculture, and mining is expected to bring good news to the global commodity chemicals market.
Global Commodity Chemicals Market: Regional Outlook
The global commodity chemicals market is divided into five regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to witness the fastest growth during the forecast period. The Asia Pacific commodity chemicals market is driven by growing demand for paper-based packaging. The regional market will also witness major growth as manufacturing of commodity chemicals shifts from North America and Europe to Asia Pacific. Growing support for manufacturing in India and China is expected to drive the global commodity chemicals market.
Global Commodity Chemicals Market: Competitive Dynamics
The global commodity chemicals market is largely fragmented and price-sensitive. The index prices of various chemicals are regularly published in magazines, which adds a layer of transparency in the market. The major companies in the market are Ecolab, Kemira Oyi, Solenis, BASF, and Akzonobel N.V.
This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to
- North America, South America, and the Americas
- Asia Pacific and Japan
- Latin America
- Middle East and Africa
The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:
- What are the major recent trends that can influence the product life cycle and the RoI?
- Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
- Which micromarketing initiatives of leading players will bring in investments?
- What can be the best framework and tools for PESTLE analysis?
- Which regions will witness rise in new opportunities?
- Which are the game-changing technologies being used to capture new revenue streams in the near future?
- Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
- What is the current and expected intensity of competition the market in the near future?
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Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.