The global chemical industry is responding to more dynamic change than ever before. Are you interested in testing our corporate solutions? © 2021. Our industry outlook collection, covering oil, gas, and chemicals; power, utilities, and renewables; and industrial products and construction, evaluates sector landscapes to help executives better plan for success and unforeseen challenges. "Total revenue of the global chemical industry from 2002 to 2019 (in billion U.S. "Total Revenue of The Global Chemical Industry from 2002 to 2019 (in Billion U.S. Global Chemical Inc. delivers cleaning maintenance supplies to every type of industry at wholesale prices from the Coconut Creek, FL area. American Chemistry Council. (July 1, 2020). Products of the chemical industry are finding applications in almost all segments of the global economy : pharmaceuticals, detergents, packaging, fertilizers, fibers to name but a few. It is equivalent to apparent consumption. Corporate solution including all features. We’re having a FIRE SALE—get 20% OFF your order here! This box/component contains JavaScript that is needed on this page. 7 2019 Global chemical industry mergers and acquisitions outlook | Activity by sector With the International Energy Agency’s forecast that petrochemicals will be the largest force in global oil demand growth,33many oil and gas focused SOEs continue to direct their investments to … You only have access to basic statistics. The sales data is derived by subtracting shipments from exports and adding imports. Chemical companies can use the COVID-19–driven economic crisis as an opportunity to build lasting business strength by making informed and deliberate strategic choices about which end markets they focus on. Profit from additional features by authenticating your Admin account. They want to know that the food we eat, the water we drink, and the products we buy, are affordable, safe, and sustainable. New, Figures and insights about the advertising and media world, Industry Outlook You can find leading manufacturing companies, top suppliers & quality chemical products here. With our Digital Enterprise we offer a comprehensive portfolio for … The chemical and petrochemical industry is the largest consumer of energy among industrial sectors and is one of the top GHG emissions-intensive industries as well. Fullwidth SCC. The Company was established in 2015 by Global Company for Downstream Industries (GDI) as a Private Limited Liability Company. Chart. July 1, 2020. Sales rose healthily for the group during 2018, the fiscal year on which the survey is based. You can only download this statistic as a Premium user. Please create an employee account to be able to mark statistics as favorites. Amid the COVID-19 crisis, the global market for Chemical Licensing estimated at US$11.4 Billion in the year 2020, is projected to reach a revised size … This message will not be visible when page is activated. Then you will be able to mark statistics as favourites and use personal statistics alerts. In the coming year, players in the chemical goods industry should keep their eye on these larger trends shaping consumer preferences and the end-market environment in order to focus on new growth opportunities and extract more value from current resources and assets. Chemical Industry VV TITANIUM PIGMENTS Products: OpaTi-Titanium Dioxide [Anatase Grade] Ferrous Sulphate Heptahydrate [Copperas] Established in the year 1994 as Kilburn chemicals Ltd.,with a installed capacity of 3000 TPA for TiO2 and 10000 TPA for Ferrous sulphate heptahydrate. The global chemical industry’s revenues in 2017 were $ 5,680 Billion, this is including pharmaceuticals. Exploring oil and gas and chemical sector trends and the impact of COVID-19, Keep up with changes in the chemical industry. While the industry was already facing cyclical challenges such as overcapacity, pricing pressures, and trade uncertainty before 2020, many postpandemic changes have shown a structural or disruptive character. The end of life for materials can often be the start of something new, and so chemical companies should collaborate with their stakeholders to find ways to create new value. Statista. dollars)." You need at least a Single Account to use this feature. The chemical industry plays an important role in the global economy. As a Premium user you get access to background information and details about the release of this statistic. Outlook for the Chemical Industry Global growth in chemical industry roughly at level of previous year Global chemical production (excluding pharmaceuticals) is expected to grow by 2.7% in 2019, on a level with 2018 (+2.7%). A paid subscription is required for full access. Last year, the majority of the M&A deals in the global chemical industry took place between the companies offering commodities and intermediates & specialty materials. Dollars). Is a Saudi Arabian Company Focusing most of its activities in the Petrochemical Downstream Businesses. To remain successful, companies will have to adopt dramatic step-changes that are likely to include the following areas: Deglobalization … In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). It provides a window of opportunity to drive transformative changes in the chemicals and waste sector to move towards sustainable development. Now—more than ever—people don’t just want sustenance. Improving global competitiveness, therefore, must be a top priority of CEOs. The global chemical distribution market is growing at a forecasted compound annual growth rate of 5.56% from the year 2016-2021. To succeed in the shifting industry landscape of the chemical market, companies should consider implementing a series of targeted, strategic initiatives across major functional areas such as R&D and technology. A critical aspect of dealing with this disruption in 2021 will be understanding which customer behaviors are temporary versus those that are permanent, as recovery will likely be uneven across end markets and geographies. Echemi is a global chemical industry B2B website. Do not delete! 2021 chemical industry outlook has been saved, 2021 chemical industry outlook has been removed, An Article Titled 2021 chemical industry outlook already exists in Saved items. Explore five trends companies in the chemical goods industry could see emerging as they deal with disruption in 2021. Duane Dickson is a vice chairman and principal in Deloitte LLP’s Energy Resources & Industrials industry group, as well as the US Oil, Gas & Chemicals sector leader and the Global Energy, Resources & ... More. This statistic is not included in your account. The fact that leading MNCs and EMPs in the global chemical business are roughly at parity in terms of revenues illustrates the advanced stage of global competition in this industry. Responsible Care ® is the global chemical industry’s voluntary initiative to drive continuous improvement in safe chemicals management and achieve excellence in environmental, health, safety and … Directly accessible data for 170 industries from 50 countries While the industry was already facing cyclical challenges such as overcapacity, pricing pressures, and trade uncertainty before 2020, many postpandemic changes have shown a structural … The global chemical industry invested an estimated $51 billion in R&D in 2017, and we calculate that this spending supported 1.7 million jobs and $92 billion in economic activity in that year alone. To succeed amid ongoing challenges in the chemical industry, companies should implement strategic initiatives in areas such as R&D and technology—including both short- and long-term focused efforts. 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