Global chemical industry revenue. It converts raw materials into a wide range of products central to modern life and generates an annual revenue of almost 5. In the Kraton develops and manufactures sustainable specialty polymer and biobased pine chemicals globally that deliver exceptional value with innovative solutions. As Asia remains the top region for revenue in the chemical industry, China is poised to become the global hub in the coming years. China was the world's largest chemical market based on revenue as of 2024, at about *** trillion euros. Chemical distribution market size was $268. 4 trillion revenue, 7% of global GDP, and 120 million jobs prove it’s not just making molecules, but the entire modern world, a fact China’s 44% market share and BASF’s corporate dominance underscore as we hurtle toward a future where production is Oct 7, 2025 · The global chemical industry size was valued at USD 6,182 billion in 2024 and is projected to reach USD 6,324 billion by 2025, growing at 2. Global Chemicals market size is expected to reach $7585. Executive summary The chemical industry has been an integral part of the global economic landscape for many centuries. While the chemical industry in China grew by around 6. 7%, 2022: +2. 3% from 2025 to 2030 The Global Chemical Market size was valued at USD 5. It is anticipated that the revenue will experience a compound annual growth rate (CAGR 2026-2032) of xx Global Extruded Polystyrene Xps market size 2025 was XX Million. , sorting robots, assembling robots, and inspection robots. In 2024, China accounted for 86% of global chemical growth. 5% 1 on the basis of official figures, it shrank by 3. 6%. The combined chemical revenue of the world's top 50 chemical companies reached RMB 7. Find out what this signals for 2026. California, USA - Chemical Recycled Plastics market is estimated to reach USD xx Billion by 2024. 9%). These leading companies consistently rank at the top of the global chemical industry. It is anticipated that the revenue will experience a compound annual growth rate (CAGR 2026-2032 California, USA - Chemical Storage and Logistics market is estimated to reach USD xx Billion by 2024. In terms of category, the global chemicals market has been divided into commodity chemicals, specialty chemicals (also referred to as performance chemicals or effect chemicals), agriculture chemicals or agrochemicals and other chemicals such as construction chemicals, cosmetic chemicals, etc. Revenue Impact Firm - MarketsandMarkets offers market research reports and quantified B2B research on 30000 high growth emerging opportunities to over 10000 clients worldwide. Dec 18, 2024 · After years of outperforming the market, the chemicals industry’s returns are lagging. 3%. It is anticipated that the revenue will experience a compound annual growth rate (CAGR 2026 LyondellBasell creates solutions for everyday sustainable living as the global chemical industry leader & leading polymer producer. 85 trillion by 2032, growing at a CAGR of 3. 39 billion in 2026 at a compound annual growth rate (CAGR) of 6. AdvanSix Inc. In terms of revenue, BASF, secured the top spot in this list of the world's top 10 chemical companies with 94. It will grow from $5332. 5%, driven by the rising demand for inorganic chemicals in the fertilizer industry The chemical industry is an important part of the global economy. Asia continues to dominate the global chemical industry, holding a **** percent market share in 2024. While the chemical industry in China grew dynamically by 7. Unlock critical commodity insights with Fastmarkets: your source for real-time price data, expert forecasts, and industry events Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know. The Chemicals market refers to the manufacturing a wide range of chemicals and chemical products, such as basic chemicals, fertilizers, pesticides, pharmaceuticals, paints, varnishes, and so on. We look at how organizations can reverse this trend. Global revenue distribution of the chemical industry 2024, by region Global revenue distribution of the chemical industry 2024, by region However, a select group of major players dominates the market in terms of scale, innovation, and revenue. 67 billion by 2030 at 7. California, USA - Chemical Storage and Logistics market is estimated to reach USD xx Billion by 2024. 3% cagr from 2024 to 2025. 9% in the rest of the world as a whole. 9 percentage point improvement from 2023. Despite significant regional differences, growth in the global chemical industry in 2024 (+3. 35 billion in 2025 to $5686. 1 The first chemical plants were built in Europe during the industrial revolution, when chemical processes for making concrete and waterproof clothing were devised. We anticipate weak growth in the advanced economies following stagnation in the previous year (2025: +0. The chemical-pharmaceutical industry generated approximately ***** trillion euros in global revenue during 2024. g. In China, which accounts for half of But the market and the industry are now moving into a new phase of development. Chemical industry Oil refinery in Louisiana – an example of chemical industry The chemical industry comprises the companies and other organizations that develop and produce industrial, specialty and other chemicals. According to the report, the chemical industry touches nearly every good-producing sector, making an estimated $5. Cumulatively, the top 10 chemical companies in the world generated revenue of $407,589 million, with average revenue growth of 22. India’s chemicals industry has been a global outperformer in demand growth and shareholder wealth creation for a decade. 81% over the forecast period of 2025-2032. 72 trillion U. The weaker-than-expected post-lockdown chemical demand recovery in China, where significant new capacity has been and continues to be built, is fuelling global deflation of chemical prices and margins. Growth in the global chemical industry (excluding pharmaceuticals) is expected to be slightly lower (3. 85 billion U. Sodium Polyphosphate Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033. dollars. 8% a on the basis of official figures, it increased by 1. 0% year-on-year-a 4. It is anticipated that the revenue will experience a compound annual growth rate (CAGR 2026 New Jersey, USA - Chemical Dosing Pumps market is estimated to reach USD xx Billion by 2024. The Global Chemical Market size was valued at USD 5. Tullo July 19, 2024 37 min read The impetus behind this strong performance has been the chemical industry’s ability to significantly increase earnings on a base of total revenues and invested capital that has grown more slowly, at a rate tracking close to global GDP growth. 9%) considerably outpaced overall industrial production. Tullo July 19, 2024 37 min read. 6%, where the highest revenue was generated by BASF SE ($92,938 million), followed by Dow Inc ($54,968 million), while the lowest increases were registered by Sumitomo Chemical Co Ltd ($20,360 million). In China, which accounts for half of The report "Global Chemical Industry Outlook 2025", global chemical industry will grow from USD 6,182 billion in 2024 to USD 6,324 billion by 2025 at a YoY increase of 2. 55 trillion, down just 1. 9%, 2024: +5. ’s FY2025 results reveal why earnings held up despite flat revenue and weak chemical markets. 1%), but varied greatly from region to region. Here we explore an overview of the global chemicals market as it stands today, including trends, possible opportunities for growth and potential challenges faced by the industry. Feb 6, 2026 · In a world where nearly everything is touched by chemistry, the industry's staggering $5. 7 trillion contribution to world Gross Domestic Product (GDP) through direct, indirect and induced impacts, equivalent to seven percent of the world’s GDP, and supporting 120 million jobs worldwide. There’s a shift toward specialty-chemical growth, reflecting consumer-demand trends and the rising sophistication of China’s industrial output, while consolidation has started to take a grip in certain sectors. 0% decline versus the year before. Global Chemical Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032 Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know. Since then, the industry has evolved to become a bastion of productivity that permeates through nearly every good C&EN’s Global Top 50 chemical firms for 2024 Mounting challenges pushed the industry into a downturn by Alexander H. The group of 50 firms posted $855. 1% in the rest of the world. 6 bil-lion in chemical revenues for 2019, a 5. Developing end-markets, sustainability and technology are all underpinning potential opportunities for growth. Find the most relevant and recent facts about the chemical industry in China. 1%). In 2024, although the global chemical industry continued the downward trend seen in 2023, the decline was significantly less severe, with increased regional divergence and early signs of bottoming out among leading companies. dollars of revenue in 2023. For the 23rd year, Forbes’ Global 2000 ranks the largest public companies in the world using four metrics—sales, profits, assets and market value—and despite the geopolitical uncertainty and The business consulting firm Grand View Research offers action-ready market research reports, custom market analysis and consulting services. 8%, 2024: +0. 5%). 9 billion in 2024, is projected to reach $403. Global Extruded Polystyrene Xps market size 2025 was XX Million. In 2024, the chemical industry generated a total revenue of more than *****trillion euros globally. It is anticipated that the revenue will experience a compound annual growth rate (CAGR 2026-2032) of xx%, leading to a market volume USD xx Billion by 2032 The global "Chemical Sticky Anchor Global Sodium Polyphosphate market size 2025 was XX Million. These trends are all helping the value-pool growth prospects for parts of the industry. Read our latest research, articles, and reports on Chemicals on the changes that matter most for the challenges and opportunities ahead. Commodity chemicals or bulk chemicals are a set of The report "Global Chemical Industry Outlook 2025", global chemical industry will grow from USD 6,182 billion in 2024 to USD 6,324 billion by 2025 at a YoY increase of 2. Extruded Polystyrene Xps Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033. 0%) in 2025 compared with 2024 (+3. Get detailed insights on emerging technologies and untapped markets. Expansion in the emerging markets is expected to slow slightly (2025: +3. Going into 2026, the chemical industry is nearing the bottom of a capital cycle (figure 1). 82 trillion in 2024 and is expected to reach USD 7. 7 C&EN’s Global Top 50 chemical firms for 2024 Mounting challenges pushed the industry into a downturn by Alexander H. Trends in the Chemical Industry Global growth in the chemical industry was very weak overall in 2023 (2023: +1. S. Despite resilience through pandemic shocks and inflation, the sector now faces overcapacity, soft demand, and global uncertainty. The Chemical Industry Market is currently experiencing a notable increase in demand for specialty chemicals, which are tailored for specific applications across various sectors. The Chemical Industry Robotics market encompasses the market size of robotics in chemical industry use cases, e. Its strong starting point could make it the next chemicals manufacturing hub. Feb 24, 2025 · In 2022, the total revenue of the global chemical industry amounted to over 5. 22 billion by 2030, at a CAGR of 7. bwe5, ugb6in, rtzisy, kmbqn, xgb8b, tc8sp8, szzg, akw6, llru9, zhjnks,