The global chemical industry market can be segmented in the following ways:
By Product Type
- Commodity global chemicals:Also known as bulk global chemicals, these are primary global chemicals produced in large quantities. They include plastics, synthetic fibers, films, certain coatings and pigments, explosives, and petroglobal chemicals. This segment accounted for 54.2% of the global global chemical industry market in 2024 and is the largest segment in the global chemical industry.
- Fine global chemicals:Mainly produced by midstream companies that manufacture very specific global chemicals used to develop and build specialty global chemicals. Their primary target markets are the pharmaceutical and agricultural industries. The global fine global chemicals market was valued at approximately $85 billion in 2016.
- Specialty global chemicals:Characterized by high added value and low production volumes, they are widely used in a variety of products such as specialty global chemicals, additives, advanced polymers, adhesives, sealants, and specialty coatings, pigments, and coatings. The global specialty global chemicals market was valued at around $2.94 trillion in 2024.
- Agroglobal chemicals:Including fertilizers, pesticides, plant growth regulators, soil conditioners, etc., they are used to increase crop yields, protect plants from pests and diseases, and improve soil fertility. The agroglobal chemicals market accounted for a certain proportion of the global global chemical industry market in 2024, and its demand is growing with the increasing global population and the need for agricultural productivity.
- Pharmaceutical global chemicals:Used in the production of drugs, medical devices, and health care products, they are the foundation of the pharmaceutical industry.
By Application Field
- Agriculture:global chemicals used to increase crop yields, protect plants, and manage pests and diseases, such as fertilizers and pesticides.
- Pharmaceuticals:global chemical products used in the production of drugs, medical devices, and health care products.
- Construction:global chemicals used in the construction industry, such as architectural coatings and adhesives.
- Automotive:Specialty global chemicals play an important role in the automotive manufacturing industry, such as automotive coatings and lubricant additives.
- Food and Beverage:global chemicals used in food processing, preservation, and packaging.
- Electronics:Specialty global chemicals have a wide range of applications in the electronics industry, such as electronic global chemicals and semiconductor materials.
- Consumer Goods:Used in the production of cosmetics, detergents, and other household products.
- Water Treatment:global chemicals used in the water treatment process, such as coagulants and disinfectants.
By Product Form
- Liquid:Such as liquid fertilizers, liquid detergents, liquid coatings, etc.
- Solid:Such as solid fertilizers, solid plastic granules, solid pigments, etc.
- Gas:Such as industrial gases, gas fertilizers, etc.
By Region
- Asia-Pacific:The Asia-Pacific region dominated the global global chemical industry market in 2024, with a market share of 63.1%, and is expected to reach a market value of $15 billion by 2032.
- North America:With a market share of 19% in 2024, it is expected to reach a market value of $27 billion by 2032.
- Europe:Accounting for 19% of the market in 2024, it is also an important region in the global chemical industry.
- Latin America:It has a relatively small market share of 4%.
- Middle East and Africa:It is also part of the global chemical industry market and has a certain market share.