Chemicals Global Market Briefing 2017 Q4

Chemicals Global Market Briefing 2017 Q4

  • January 2018 •
  • 37 pages •
  • Report ID: 5292863 •
  • Format: PDF
The chemicals industry is one of the largest manufacturing industries in the world. It manufactures a variety of chemicals products by processing raw materials such as air, water, natural gas, oil, metals and minerals.

Asia Pacific was the largest region in the chemicals manufacturing market in 2017, accounting for around 36% market share. Western Europe was the second largest region accounting for around 26% market share. Africa was the smallest region accounting for around 3% market share.

Chemical companies are increasingly adopting sustainable and ecofriendly processes to eliminate negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enabled chemical companies to utilize alternative fuels to produce chemical products.

They are using naturally available carbon dioxide to produce fuels, industrial products and other substances. For instance, Elevance Renewable Sciences, a specialty chemicals company, is using green technology, methasis, to produce high concentrated detergents that reduced energy consumption significantky, thus minimizing the impact on the environment.

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