Global chemical industry revenue. 39 billion in 2026 at a compound annual growth rate (CAGR) of 6. Despite resilience through pandemic shocks and inflation, the sector now faces overcapacity, soft demand, and global uncertainty. While the chemical industry in China grew by around 6. Read our latest research, articles, and reports on Chemicals on the changes that matter most for the challenges and opportunities ahead. 85 billion U. Despite significant regional differences, growth in the global chemical industry in 2024 (+3. 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. 9%, 2024: +5. 72 trillion U. 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. The chemical-pharmaceutical industry generated approximately ***** trillion euros in global revenue during 2024. According to the report, the chemical industry touches nearly every good-producing sector, making an estimated $5. 9%). Find the most relevant and recent facts about the chemical industry in China. We look at how organizations can reverse this trend. 0%) in 2025 compared with 2024 (+3. 6%. While the chemical industry in China grew dynamically by 7. 67 billion by 2030 at 7. 5%, driven by the rising demand for inorganic chemicals in the fertilizer industry The chemical industry is an important part of the global economy. Developing end-markets, sustainability and technology are all underpinning potential opportunities for growth. 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. g. 8%, 2024: +0. India’s chemicals industry has been a global outperformer in demand growth and shareholder wealth creation for a decade. The combined chemical revenue of the world's top 50 chemical companies reached RMB 7. 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. 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. 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. The Chemical Industry Market is currently experiencing a notable increase in demand for specialty chemicals, which are tailored for specific applications across various sectors. Cumulatively, the top 10 chemical companies in the world generated revenue of $407,589 million, with average revenue growth of 22. Find out what this signals for 2026. In terms of revenue, BASF, secured the top spot in this list of the world's top 10 chemical companies with 94. 1%), but varied greatly from region to region. 55 trillion, down just 1. We anticipate weak growth in the advanced economies following stagnation in the previous year (2025: +0. Expansion in the emerging markets is expected to slow slightly (2025: +3. 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. 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. 0% year-on-year-a 4. Chemical distribution market size was $268. 81% over the forecast period of 2025-2032. 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. Dec 18, 2024 · After years of outperforming the market, the chemicals industry’s returns are lagging. dollars. Feb 24, 2025 · In 2022, the total revenue of the global chemical industry amounted to over 5. 7%, 2022: +2. Extruded Polystyrene Xps Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033. 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 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. These leading companies consistently rank at the top of the global chemical industry. 6 bil-lion in chemical revenues for 2019, a 5. S. Executive summary The chemical industry has been an integral part of the global economic landscape for many centuries. As Asia remains the top region for revenue in the chemical industry, China is poised to become the global hub in the coming years. The Global Chemical Market size was valued at USD 5. 35 billion in 2025 to $5686. 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. 7 C&EN’s Global Top 50 chemical firms for 2024 Mounting challenges pushed the industry into a downturn by Alexander H. 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). Growth in the global chemical industry (excluding pharmaceuticals) is expected to be slightly lower (3. 3%. 5% 1 on the basis of official figures, it shrank by 3. 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. Trends in the Chemical Industry Global growth in the chemical industry was very weak overall in 2023 (2023: +1. 1 The first chemical plants were built in Europe during the industrial revolution, when chemical processes for making concrete and waterproof clothing were devised. Get detailed insights on emerging technologies and untapped markets. 3% from 2025 to 2030 The Global Chemical Market size was valued at USD 5. 3% cagr from 2024 to 2025. In China, which accounts for half of But the market and the industry are now moving into a new phase of development. ’s FY2025 results reveal why earnings held up despite flat revenue and weak chemical markets. California, USA - Chemical Recycled Plastics market is estimated to reach USD xx Billion by 2024. 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. Global Extruded Polystyrene Xps market size 2025 was XX Million. In the Kraton develops and manufactures sustainable specialty polymer and biobased pine chemicals globally that deliver exceptional value with innovative solutions. 82 trillion in 2024 and is expected to reach USD 7. Going into 2026, the chemical industry is nearing the bottom of a capital cycle (figure 1). 9 billion in 2024, is projected to reach $403. AdvanSix Inc. 8% a on the basis of official figures, it increased by 1. China was the world's largest chemical market based on revenue as of 2024, at about *** trillion euros. In 2024, China accounted for 86% of global chemical growth. California, USA - Chemical Storage and Logistics market is estimated to reach USD xx Billion by 2024. Asia continues to dominate the global chemical industry, holding a **** percent market share in 2024. 5%). 0% decline versus the year before. 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. 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. Global Chemicals market size is expected to reach $7585. 1% in the rest of the world. These trends are all helping the value-pool growth prospects for parts of the industry. It converts raw materials into a wide range of products central to modern life and generates an annual revenue of almost 5. Revenue Impact Firm - MarketsandMarkets offers market research reports and quantified B2B research on 30000 high growth emerging opportunities to over 10000 clients worldwide. 9%) considerably outpaced overall industrial production. In 2024, the chemical industry generated a total revenue of more than *****trillion euros globally. 1%). 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. 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. It will grow from $5332. 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. 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. 9% in the rest of the world as a whole. 9 percentage point improvement from 2023. 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. 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. 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. dollars of revenue in 2023. The group of 50 firms posted $855. 22 billion by 2030, at a CAGR of 7. Feb 6, 2026 · In a world where nearly everything is touched by chemistry, the industry's staggering $5. Sodium Polyphosphate Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033. Tullo July 19, 2024 37 min read. , sorting robots, assembling robots, and inspection robots. xze2s, d83r9, mn0co, me7td, zadgv, ondj, 6w0k, sxnz, dk0zt, lkolp,