According to study, “Chemicals By End Use Global Market Report 2019” the key companies operating in the global chemicals by end use market are LyondellBasell Industries, China Petroleum & Chemical Corporation (Sinopec), Bayer AG, BASF SE, Dow Chemical, Indian Oil Corporation Ltd., Johnson & Johnson Services Inc., INEOS, Kurita Water Industries Ltd, LANXESS, LOreal, Merck KGaA, Lonza, Nipsea Group, Covestro AG, Dainichiseika Color and Chemicals Mfg Co. Ltd, Cytec Solvay Group, DuPont, Dow, DuluxGroup Limited.
The chemical by end use market is a fragment of the chemicals market. Chemicals by end use consist of sales of chemicals via organizations that produce chemicals. A chemical is a substance consisting of matter which includes any solid, liquid or gas. A chemical by end use is classified into different products based on their end use or application such as general chemical product, paints & coatings and soap & cleaning compounds.
Based on type, global chemical by end use market is segmented into general chemical product, toiletries, printing inks, soap & cleaning compounds, paints & coatings, adhesives, fertilizer, pesticide & other agricultural chemicals, plastic material & resins, synthetic rubber & fibers, industrial gas, ethyl alcohol & other basic organic chemical, synthetic dye & pigment, petrochemicals and others. Based on toiletries, market is segmented into lotions (sunscreens), face creams, hair preparations, shaving preparations, perfumes, other cosmetic preparations. Based on printing inks, market is segmented into oil-based printing inks, water-based printing inks and solvent-based printing inks. Based on soap & cleaning compounds, market is segmented into soap & detergent manufacturing, polish and sanitation goods manufacturing and surface active agent manufacturing. Based on paints & coatings, market is segmented into water borne coatings, powder coatings, solvent based coatings and others.
Based on adhesives, market is segmented into water-based, hot-melt-based, solvent-based, reactive and others. Based on fertilizer, market is segmented into nitrogen fertilizer and phosphate fertilizer etc. Based on pesticide & agriculture chemicals, market is segmented into herbicides, fungicides, insecticides and others. Based on plastic material & resins, market is segmented into polypropylene-plastic material & resins, poly-vinyl chloride, high-density polyethylene, polyethylene terephthalate, low-density polyethylene, polyurethane and polystyrene-plastic material & resins. Based on synthetic rubber & fibers, market is segmented into fibers, Polybutadiene (BR), Styrene Butadiene Rubber (SBR), Ethylene Propylene (EPDM) and others (IIR, TPR, CR, ABS, etc.). Based on industrial gas, market is segmented into hydrogen, carbon dioxide, helium, industrial nitrogen gas, acetylene, oxygen, argon and others. Based on ethyl alcohol & other basic organic chemical, market is segmented into synthetic sweeteners, ethyl alcohol manufacturing, plasticizers manufacturing, silicone manufacturing, gum & wood chemicals manufacturing and fatty acids manufacturing. In addition, based on petrochemical, market is segmented into ethylene-petrochemicals, benzene-petrochemicals, propylene-petrochemicals, xylene, toluene, styrene-petrochemicals and cumene.
The chemicals by end use market is driven by rise in demand of chemicals for industrial fabrics, followed by growth in the apparel market in developing economies, growth in conformity with latest manufacturing standards and increase in demand from flavors & fragrances industry. However, rise in popularity of bio-based alternatives, stringent environmental regulations and increase in the availability of cheaper substitutes may impact the market.
Based on geography, Asian-Pacific region holds major share, followed by North-American region in chemicals by end-use market owing to low oil prices in the region. It is estimated that the future of the market will be bright due to emergence of multinational chemicals companies over the forecast period.
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Ankur Gupta, Head Marketing & Communications