close

Enter

Log in using OpenID

chemical market

embedDownload
Chemicals & Materials Market - Industry Trends,
Outlook, Regulatory Bodies & Regulations and Key
Market Players
The industry of chemicals & materials forms the basis of various industries such as
construction, transportation, food and beverages, pharmaceuticals, electronics,
healthcare, utilities, and oil & gas. The market consists of a number of components
and sub components within its large portfolio. A chemical compound is a distinct
substance or compound that is artificially manufactured or purified, whereas a
material is a compound from which other complex materials are made. Chemicals,
organic and inorganic in nature, form the building blocks of different kinds of
materials. Widely used materials include ceramics, adhesives, metals, composites,
polymers, and glasses. . Chemicals and materials, independently or in combination
with each other find a wide range of application across various end-use industries
such as automotive, power & energy, agriculture, food & beverages, instrumentation,
consumer goods, aerospace & defense, healthcare, and IT. The global chemicals
and materials market has wide range of application areas such as dental silica, flow
aids, crop protection, animal nutrition, active pharmaceutical ingredients, dietary
supplements, preservatives, flame retardants, surface ingredients, and matting
agents among others.
Request For Sample Copy of this Research Report :
https://www.coherentmarketinsights.com/insight/request-sample/252
Chemicals & Materials Market Outlook – Surge in Electronics and Construction
Chemicals Industries Augmenting Market Growth
Increasing demand for electronic devices across the globe, especially in key regions
such as North America, Asia Pacific and the Middle East, is driving demand for
electronic chemicals. Electronic chemicals such as PCB laminate, silicon wafer,
specialty gases, and wet chemicals are widely used in a wide number of electronic
applications such as computers, electronic circuit, diodes, capacitors, home
appliances, and entertainment systems. Asia Pacific contributes the largest share in
electronics market, which is the largest end-user segment for electronic chemicals.
Countries in the region that boost market growth include China, Japan, Taiwan,
South Korea, and India. However, the markets in North America and Europe are
expected to witness slower growth rate over the forecast period.
Construction chemicals are chemicals used to enhance the quality of the structure by
providing resistance against dry heat and wet climate, and protection against fire.
Population explosion in countries such as India and China, along with rapid
economic growth in these countries, has fueled demand for infrastructure and
construction, in turn increasing the number of infrastructural development activities.
This, in turn, creates a highly conducive environment for growth of the chemicals and
materials market.. Growing urbanization, lends demand for construction chemicals
such
as
concrete
admixtures,
adhesives,
and
seacommunity/member/subs.aspxlants, in turn, fueling growth of the chemicals and
materials market. North America and Europe markets are expected to witness
moderate growth rate, due to stagnant economy of the developed countries.
Chemicals & Materials Market Challenges – Reduce Environmental Impact
Effective and eco-friendly mode of waste disposal, adopted by various regions, act
as a key challenge for chemicals & materials manufacturing companies. Stringent
laws are enforced on the disposal, only after treatment of all wastewater, gases, and
semi-solid waste. The Ministry of Environment and Forest (MoEF) of India, on
December 23, 2010, implemented water prevention and control pollution act 1974
and air prevention and control pollution act 1981. These impose stringent regulatory
framework for manufacturers and end-users regarding production, import, export,
and storage of hazardous chemicals & materials. This significantly increases costs
associated with production, which in turn affects profitability of manufacturers in this
highly competitive market, in turn inhibiting market growth.
Key players in the chemicals & materials market include BASF-SE, The Dow
Chemical Company, Sinopec, SABIC, ExxonMobil, Formosa Plastics, LyondelBasell
Industry, DuPont, Ineos, Bayer, Mitsubishi Chemicals, Royal Dutch Shell, LG Chem
Ltd., Braskem, Air liquid, AkzoNobel, The Linde Group, Sumitomo Chemicals, Mitsui
Chemicals, Evonik Industries. The chemicals & materials industry is highly
fragmented, with a large number of global players and regional players. In the recent
past, the market has witnessed a trend of consolidation through strategic mergers
and acquisitions. For instance, in March, 2017, the European Union approved the
proposed merger of Dow Chemical and DuPont as part of a US$ 62 billion deal. The
companies were subsequently segmented into three separate publicly traded
companies, which focus on agriculture, material science, and specialty chemicals,
respectively.
For More Information:​ ​https://tinyurl.com/y4sjg455
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email​: [email protected]
Author
aaryaa
aaryaa144   documents Email
Document
Category
Uncategorized
Views
8
File Size
97 KB
Tags
market, chemicals
1/--pages
Report inappropriate content