According to a research report published by Spherical Insights & Consulting, The Global Commodity Chemicals Market Size Expected to Grow from USD 696.13 Billion in 2023 to USD 1372.28 Billion by 2033, at a CAGR of 7.02% during the forecast period 2023-2033.

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Commodity chemicals, also known as bulk chemicals, are produced in large quantities and serve as raw materials or intermediates in the production of various products. Chemicals like sulphuric acid, ammonia, chlorine, and ethylene are crucial for various industries like agriculture, construction, and manufacturing. Commodity chemicals are crucial for industries like pharmaceuticals, textiles, food, and agriculture, fostering market growth and creating employment opportunities. The sector directly impacts GDP and reflects a nation’s growth. India, the world’s sixth-largest chemical manufacturer, is a key player in this sector. The growing global population and urbanization drive demand for essential chemicals like plastics, fertilizers, and basic chemicals. Emerging nations’ infrastructure and investment in agriculture boost commodity chemical demand, while specialty chemicals are expected to drive market growth. However, chemical manufacturers face increased operational expenses, regulatory compliance strain, intense competition, overproduction, and pricing pressures, limiting market expansion ascribed to strict environmental rules.

Browse key industry insights spread across 230 pages with 150 Market data tables and figures & charts from the report on the Global Commodity Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Product (Ester, Ether, Amine, Alcohol, and Aliphatic Hydrocarbon), By End-User (Mining, Oil & Gas, Household Industrial and Institutional, Building & Construction, and Automotive), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The ester segment is expected to hold the highest share of the global commodity chemicals market throughout the projected timeframe.

Based on the product, the global commodity chemicals market is categorized as ester, ether, amine, alcohol, and aliphatic hydrocarbon. Among these, the ester segment is expected to hold the highest share of the global commodity chemicals market throughout the projected timeframe. Esters, with their distinctive characteristics and attractive scents, are crucial for synthesis in various sectors like medicine, polymers, solvents, and perfumes, driving segment growth in personal care, pharmaceutical, and food production.

The household industrial and institutional segment is expected to hold the largest share of the global commodity chemicals market throughout the projected timeframe.

Based on the end-use, the global commodity chemicals market is categorized as mining, oil & gas, household industrial and institutional, building & construction, and automotive. Among these, the household industrial and institutional segment is expected to hold the largest share of the global commodity chemicals market throughout the projected timeframe. Consumer choice in home and industrial cleaning industries is driven by sustainability information, concern for chemicals, and demand for green, natural products with minimal health and environmental impact.

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Asia Pacific is anticipated to hold the largest share of the global commodity chemicals market throughout the projected timeframe.

Asia Pacific is anticipated to hold the largest share of the global commodity chemicals market throughout the projected timeframe. Asia Pacific dominates the global market for commodity chemicals, accounting for half of the global market. The region’s growth and industrial sector support in developing nations like India, China, and Indonesia strengthen the industry, used in various sectors like personal care and aerospace.

Europe is predicted to grow at the fastest CAGR growth of the global market throughout the projected timeframe. The market’s growth is driven by rising demand for plastic resins, synthetic rubbers, medical equipment, and chemical-based supplies, as well as customer awareness of cleanliness.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global commodity chemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the global market are AkzoNobel N.V., The Dow Chemical Company, LyondellBasell Industries Holdings B.V., DuPont de Nemours and Company, Mitsui Chemicals, Braskem SA, PPG Industries, Deepak Nitrite, Himadri Special, Elantas Beck, NOCIL, India Glycols, BASF SE, Bayer Group, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In September 2024, Andhra Petrochemicals rose 3.89% to Rs 100 after credit rating agency ICRA maintained the business’s long-term rating as ‘[ICRA] A-‘ with a stable outlook.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global market based on the below-mentioned segments:

Global Commodity Chemicals Market, By Type

• Ester
• Ether
• Amine
• Alcohol
• Aliphatic Hydrocarbon

Global Commodity Chemicals Market, By Application

• Mining
• Oil & Gas
• Household Industrial and Institutional
• Building & Construction
• Automotive

Global Commodity Chemicals Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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