In 2022, the chemical industry’s total worldwide revenue stood at some 5.72 trillion U.S. dollars. In that year, the chemical industry revenue reached the highest value of the last 15 years.

The chemical industry of today

The world’s chemical industry consists of the companies that produce industrial chemicals by converting raw materials such as fossil fuels, minerals and metals, and water into thousands of different products. The chemical industry overlaps with the plastic industry, as the majority of chemical companies are also plastic producers.

Industry leaders: segmental and regional perspective

The chemical industry plays an important role in the global economy. Over the three years from 2021 to 2024, the industry is expected to grow in every segment, with overall industry growth expected to be 1.8 percent in 2024. Basic chemicals are expected to see the largest growth of any chemical segment, at 2.1 percent forecast for 2024. Regionally speaking, Asia has the largest share of the global chemicals market by far. It has consistently accounted for more than 50 percent of the global chemicals market since 2012. Accordingly, Asian chemical companies also hold prominent places: based on net income, the world’s leading chemical company as of 2022 was Dow.

The Global Laboratory Chemicals Reagents Market is Segmented by Type (Molecular Biology, Cytokine and Chemokine Testing, Carbohydrate Analysis, Immunochemistry, Cell/Tissue Culture, Environmental Testing, Biochemistry, and Other Types), Application (Industrial, Academia/Educational, Government, and Healthcare (Pharmaceutical)), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers Market Size and Forecast for Laboratory Chemicals in Terms of Revenue (USD) for all the Above Segments.

Asia continues to dominate the global chemical industry, holding a 59.6 percent market share in 2023. This represents a significant increase from 45 percent in 2010, highlighting the region's growing influence in the sector. Meanwhile, North America's share has declined from 20.9 percent to 13.4 percent over the same period, reflecting a shift in the industry's center of gravity. Global industry growth and revenue The global revenue of the chemical industry has experienced significant growth in recent years. In 2023, the chemical-pharmaceutical sector generated approximately 7.1 trillion euros in global revenue. This aligns with reports showing that the total worldwide revenue of the chemical industry, excluding pharmaceuticals, reached 5.72 trillion U.S. dollars in 2022, the highest value in 15 years. Factors contributing to this growth include increasing demand for healthcare products, technological advancements, and expanding markets worldwide. Regional performance and market leaders While Asia dominates the global market, other regions also contribute significantly to the industry's revenue. In 2023, Latin America's chemical industry generated approximately 237.47 billion euros, with Brazil accounting for over one-third of the regional market. In Europe, Germany led the chemical industry with a revenue of 225.5 billion euros, followed by France at 108.5 billion euros. Nevertheless, China remains the largest single-country market, generating nearly 2.4 trillion euros in 2022, which represented about 44 percent of the global revenue.

The Report Covers Global Water Treatment Chemicals Market Companies is Segmented by Product Type (Coagulants and Flocculants, Defoamer and Defoaming Agent (Antifoams), Oxygen Scavengers, Corrosion Inhibitors, Biocide and Disinfectants, Oxidants, pH Conditioners/Adjuster, Sludge Conditioners, Scale Inhibitors, Organic Chemicals/Odor Removal (Activated Carbon), Other Product Types), End-user Industry (Power Generation, Oil and Gas, Chemical Manufacturing, Mining and Mineral Processing, Municipal, Food and Beverage, Pulp and Paper, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for the water treatment chemicals market based on revenue (USD million) for all the above segments.

The water treatment chemical market is predicted to attain a market valuation of US$ 38.6 billion in 2024, growing at a sluggish compound annual growth rate (CAGR) of 4.2% from 2024 to 2034.

Attributes	Details
Estimated Water Treatment Chemical Market Size for 2024	US$ 38.6 billion
Forecasted Water Treatment Chemical Market Value for 2034	US$ 58 billion
Projected Value-based Market CAGR from 2024 to 2034	4.2%

Historical Performance and Future Growth of the Water Treatment Chemical Market

Historical CAGR (2019 to 2023)	5.9%
Forecast CAGR (2024 to 2034)	4.2%

Category-wise Insights

Attributes	Details
Top Type	Corrosion Inhibitors
Forecasted CAGR from 2024 to 2034	4.0%

Attributes	Details
Top End-Use Industry	Residential
Forecasted CAGR from 2024 to 2034	3.8%

Country-wise Insights

Country	Forecasted CAGR from 2024 to 2034
United States	4.5%
United Kingdom	5.2%
China	4.9%
Japan	5.6%
South Korea	6.1%

This statistic shows the compound annual growth rate (CAGR) of the global chemical market in five year increments between 2000 and 2010, with projected figures for 2010 to 2030. The CAGR for the period between 2025 and 2030 is expected to be some 4.2 percent.

The AI in Chemicals Market estimated size and share is projected to exceed USD 9.73 billion by 2032, with a forecasted CAGR of 39.1% during the period.

The automotive appearance chemical market is on the cusp of significant expansion in the forthcoming years, presenting substantial avenues for industry participants. Projections suggest that the market is poised to achieve a valuation of USD 31.2 billion by 2024, with further growth anticipated to propel its value to USD 50.4 billion by 2034.

Attributes	Description
Estimated Global Automotive Appearance Chemical Market Size (2024E)	USD 31.2 billion
Projected Global Automotive Appearance Chemical Market Value (2034F)	USD 50.4 billion
Value-based CAGR (2024 to 2034)	4.9%

Country-wise Insights

Countries	CAGR 2024 to 2034
The United States	2.7%
The United Kingdom	1.9%
Japan	2.1%
China	5.5%
India	7.3%

Category-wise Insights

Segment	Windshield Washer Fluids (Product Type)
Value Share (2024)	82.7%

Segment	Passenger Cars (Vehicle Type)
Value Share (2024)	67.3%

The report covers Global Specialty Oilfield Chemical Companies and is segmented by Chemical Type (Biocides, Corrosion and Scale Inhibitors, Demulsifiers, Polymers, Surfactants, and Other Chemical Types), Application (Drilling and Cementing, Enhanced Oil Recovery, Production, Well Stimulation, and Workover and Completion), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in revenue (USD million).

Electronic Chemicals Market size was valued at USD 67.35 Billion in 2024 and is projected to reach USD 113.39 Billion by 2031, growing at a CAGR of 6.06% from 2024 to 2031.

Global Electronic Chemicals Market Definition

Electronic chemicals are the chemicals utilized in the electronic industry to manufacture semiconductor components, PCBs, and ICs. These are high-purity materials and chemicals that are used during the cleaning, manufacturing, doping, polishing, etching doping, and servicing of, integrated circuits (ICs), and semiconductors printed circuit boards (PCBs). A variety of raw materials, plastics, metals, and chemicals are used by the electronics industry. The major chemicals used during this stage are isopropanol, acetone, trichloroethylene, and also other alcohols such as denatured ethanol.

Growing demand for liquid electronic materials for polishing and cleaning the internal parts of electronic devices is anticipated to be a key driver for market growth. The use of semiconductors in various industries such as automotive, aerospace, and defense is rising for the production of computers, electronic appliances, tablets, and smartphones. Thus, the increasing demand for such specialty chemicals and the growing demand for the miniaturization of electronic components are also anticipated to increase the market’s growth during the forecast period.

Growing manufacturing sectors in countries like China and India increase demand for specialty chemicals in various applications. Rising urban populations create a higher need for construction materials, personal care products, and household goods is driving the market size surpass USD 316.6 Billion valued in 2023 to reach a valuation of around USD 548.06 Billion by 2031.

In addition to this, rising consumer awareness about health and wellness boosts demand for specialty chemicals in personal care and food applications is enabling the market to grow at a CAGR of 7.1% from 2024 to 2031.

Asia-Pacific Specialty Chemicals Market: Definition/ Overview

Specialty chemicals are a diverse group of chemical products that are manufactured for specific performance or functional purposes. Unlike bulk chemicals, which are produced in large quantities and serve a broad range of applications, specialty chemicals are produced in smaller volumes and tailored for particular uses.

The Global Chemical Logistics Market is Segmented by Service (Transportation, Warehousing, Customs & Security, Green Logistics, Consulting & Management Services, and Others), by Mode of Transportation (Roadways, Railways, Airways, Waterways, Pipelines), by End User (Pharmaceutical Industry, Cosmetic Industry, Oil and Gas Industry, Specialty Chemicals Industry, and Other End-Users), and by Geography (North America, Asia-Pacific, Europe, Middle East and Africa, and South America). The Report Offers Market Size and Forecast for Global Chemical Logistics Market in Value (USD Billion) for all the Above Segments.

Global Construction Chemicals Market Share Estimated to Cross USD 126.50 billion by 2032, at a CAGR of 5.30% during outlook period.

The North America Specialty Chemical market is valued at USD 155.6 billion driven by the increasing demand from various end-use industries such as automotive and consumer goods

Explore the Other Basic Inorganic Chemical Global Market Report 2025 Market trends! Covers key players, growth rate 7.4% CAGR, market size $325.21 Billion, and forecasts to 2033. Get insights now!

Global Chemical Distribution Market size & share estimated to surpass USD 443.00 billion by 2032, to grow at a CAGR of 6.0% during the forecast period.

According to Cognitive Market Research, the global Third Party Chemical Distributionmarket size is USD 395.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 158.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 118.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 90.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 19.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 7.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Pharmaceuticals industry vertical dominates the Third Party Chemical Distribution Market due to the stringent regulations and specialized requirements for handling pharmaceutical chemicals.

Market Dynamics of Third Party Chemical Distribution Market

Key Drivers for Third Party Chemical Distribution Market

Increasing Demand for Specialty Chemicals to Increase the Demand Globally

The rising demand for specialty chemicals, which cater to specific applications across various industries such as pharmaceuticals, agriculture, and automotive, is a significant driver in the third-party chemical distribution market. Specialty chemicals often require precise handling, customized storage solutions, and specialized knowledge, which third-party distributors are well-equipped to provide. This growing demand necessitates efficient supply chain management, tailored logistics, and regulatory compliance, further fueling the reliance on third-party distributors. As industries increasingly seek high-performance chemicals for niche applications, the market for third-party chemical distribution is poised for substantial growth.

Expanding Globalization and Industrialization to Propel Market Growth

The rapid globalization and industrialization in emerging economies are propelling the third-party chemical distribution market forward. As industries in regions like Asia-Pacific, Latin America, and Africa expand, there is a heightened need for reliable and efficient chemical supply chains. Third-party distributors play a crucial role in bridging the gap between manufacturers and end-users by providing comprehensive distribution networks, logistical expertise, and localized support. This expansion not only facilitates market penetration for chemical manufacturers but also ensures timely and efficient delivery of chemicals, thereby driving the growth of the third-party chemical distribution market globall.

Restraint Factor for the Third Party Chemical Distribution Market

Stringent Regulatory Requirements to Limit the Sales

A significant restraint for the Third Party Chemical Distribution Market is the stringent regulatory requirements imposed by various governments and international bodies. Chemical distribution involves handling, storage, and transportation of potentially hazardous substances, necessitating strict compliance with safety and environmental regulations. These regulations require distributors to invest heavily in compliance measures, safety protocols, and staff training, which can increase operational costs. Additionally, frequent changes in regulations can pose challenges for distributors to stay updated and compliant, potentially hindering their efficiency and profitability. The complexity and cost associated with regulatory compliance can thus limit the market growth and deter new entrants.

Impact of Covid-19 on the Third Party Chemical Distribution Market

The The COVID-19 pandemic had a profound impact on the Third Party Chemical Distribution Market, disrupting global supply chains and altering demand patterns. Lockdowns and restrictions led to significant supply chain interruptions, causing delays and shortages in chemical supplies. Many industrial operations were either scaled down or temporarily halted, reducing the demand for various...

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What is the Chemical Software Market Size?

The chemical software market market size is forecast to increase by USD 561 CAGR of 11.4% between 2024 and 2029. The market is witnessing significant growth due to several key trends and drivers. Chemical companies are increasingly focusing on performing big data analytics to optimize their operations and improve productivity. Additionally, the adoption of Industry 4.0 technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), is gaining momentum in the chemical industry. These advanced technologies enable real-time monitoring and predictive maintenance, leading to increased efficiency and cost savings. Furthermore, stringent norms associated with the use of chemicals are driving the demand for software solutions that help companies comply with regulations and ensure safety. These factors are expected to fuel the growth of the market in the coming years.

What will be the size of Market during the forecast period?

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Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.

Deployment

  On-premises
  Cloud-based


Product

  Chemical process simulation
  Inventory management
  ISO management
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  Middle East and Africa



  South America

Which is the largest segment driving market growth?

The on-premise segment is estimated to witness significant growth during the forecast period. The market landscape caters to the unique requirements of chemical enterprises through segmentation into various types, including on-premises and cloud-based solutions. On-premises chemical software is preferred by organizations with intricate workflows and specific needs, such as those dealing with sensitive or proprietary data, or those subject to stringent regulatory requirements in industries like pharmaceuticals and chemicals. These enterprises value the direct control over data access, storage, and compliance that on-premises software provides. Advanced technologies like Molecular modeling, Molecular dynamics, Quantum chemistry, and Cloud computing are integrated into innovative solutions to enhance operational processes, improve operational efficiency, and ensure regulatory compliance with ISO management, inventory management, SFsChemicalSafety, and other legal factors.

Furthermore, competition in the market is driven by promotional activities, investment in R&D, and the implementation of advanced technologies to offer predictive asset performance, process control, scheduling, capacity planning, batch management, and purchasing capabilities. Regulatory factors, legal requirements, and environmental regulations impose legal boundaries on chemical processes, necessitating automation and digital modernization through smart manufacturing and innovative chemical software solutions.

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The on-premise segment was valued at USD 473.10 million in 2018 and showed a gradual increase during the forecast period.

Which region is leading the market?

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Europe is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. The market in North America is witnessing significant growth due to the increasing adoption by major chemical companies. Firms such as The Dow Chemical Company, Exxon Mobil, DuPont, Praxair Technology, Teknor Apex, and Mitsui Chemicals are investing heavily in technology to enhance their operations. These organizations utilize chemical software to optimize their order fulfillment, quality control, lot traceability, and SDS compliance processes. The software's ability to streamline planning, warehousing, and adapt to evolving value chains leads to increased productivity and innovation. The digitalization trend in the chemical industry is further fueling the demand for chemical software, creating new opportunities for market growth.

How do company ranking index and market positioning come to your aid?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alterity Inc. - The c

The Energy Chemicals Market is projected to grow at 6.6% CAGR, reaching $174.09 Billion by 2029. Where is the industry heading next? Get the sample report now!

The market size of the Internet Of Things In The Chemical Market is categorized based on Application (Mining and Metals, Food and Beverages, Chemicals, Pharmaceuticals, Paper and Pulp) and Product (Enabling Technology, Operational Technology) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.