The Chemicals industry plays a fundamental role in the modern economy by transforming raw inputs into more than 70,000 products for intermediate or final consumption. As an enabling industry, it stands at the beginning of the value chains of numerous sectors, such as agriculture, food & beverages, consumer goods, construction and pharmaceuticals. It also plays a vital role in promoting human and economic development, improving food security and public health, and ensuring the sustainable use of natural resources.
Activities associated with Chemicals are manufacturing of petroleum and coal products, basic chemicals, resins, polymers and speciality chemicals, industrial gases, fertilisers, paints and coatings, adhesives, plastics and rubber products. A number of consumer goods are also included, such as pharmaceuticals, hygiene and personal care products, cleaning compounds and toiletries.
Accounting for 3.3% of total global chemical sector revenues, Brazil was the sixth largest global chemical market in 2019. Throughout the year, the Brazilian chemical market grew its share in the global chemical sector’s revenues by 0 ...View more details
India is one of the world’s most significant producers and exporters of chemicals. However, the chemicals sector still has considerable room for growth. The chemicals consumption per capita in India remains low compared with most. ...View more details
To satisfy its growing demand for crops and other agricultural products, China, the world’s most populous country and second biggest economy, needs fertilisers to improve its food supply and demand balance. China uses about 80% of its ...View more details
In the third quarter of 2020, the performance of China’s chemical sector continued to improve, supported by increased downstream demand from many sectors and the reduction of cost pressure as a result of ...View more details
The chemicals industry is a major contributor to the Malaysian economy, with petrochemicals and oleochemicals as its principal products. Availability of feedstock and resources, supportive government policies for investors, and a conducive ...View more details
In the second quarter of 2020, the performance of China’s chemical sector improved under the influence of multiple favourable factors such as the reduction of cost pressure, recovery of market demand, and the effect of relevant ...View more details
In the fourth quarter of 2019, China’s production volume of API declined by 12.7% y/y to 633,000 tonnes, mainly due to the environment-driven production cuts. The decline in output dragged down the sales volume of API, which dropped ...View more details
In the first quarter of 2020, the chemical sector in China was seriously affected by the spreading coronavirus outbreak, which in March 2020 was officially confirmed as a pandemic. It led to highly volatile global economic and financial conditions. ...View more details
Brazil ranks among the leading global chemical markets, accounting for 2.6% of the industry’s total net sales in 2018 and ranking sixth in the world. In 2019, sectoral turnover fell by 4.2% y/y to USD 118.7bn, as the local economy posted its ...View more details