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The Organic Chemicals Market Size was valued at USD 12.75 billion in 2023 and is expected to reach USD 24.25 billion by 2032 and grow at a CAGR of 7.4% over the forecast period 2024-2032.
Chemical substances known as organic chemicals contain carbon in their molecular structure. These compounds also contain hydrogen, oxygen, nitrogen, sulphur, and chlorine as additional components. Natural and artificial organic compounds are both possible. The majority of organic substances are naturally occurring since they are carbon-based, which means that either plants or animals may make them. Others, on the other hand, must be created through a chemical reaction because they are organic-synthetic substances.
Drivers:
Organic Chemicals are in high demand for use in food and beverage applications.
Restraints:
Fluctuating raw material prices and supply
Opportunity:
Emergence of organic chemicals with a biobased basis
Challenge:
Environment-related issues
The global market for organic compounds has been greatly impacted by the COVID-19 pandemic epidemic.
Governments of many countries imposed nationwide curfews to combat the disease, which caused a number of issues for the manufacturing sector, including a lack of labour and delays in the supply of raw materials as a result of supply chain disruptions. These issues had a significant impact on the supply of organic chemicals and prevented desired supply projections from being met.
Consumers' disposable income has decreased as a result of the pandemic-related downturn in the economy. As a result, there was a decline in the demand for a number of goods, including packaged foods, cosmetics, and other personal care items, which in turn affected the market's need for organic chemicals.
By Type: A chemical is referred to as aliphatic if it has carbon and hydrogen in straight or branched chains, trains, or non-aromatic rings. Alkane and alkene, including butane, propane, pentane, hexane, pentene, and methane, are included in the aliphatic section. The majority of aliphatics, however, are combustible and are frequently utilised as different forms of fuels (propane, pentane). Instead of discrete alternating double and single bonds, aromatic compounds are composed of conjugated planar ring systems with delocalized pi-electron clouds. Carboxylic acids, acid anhydrides, acyl halides, acid amides, and esters are examples of carbonyls. Aldehydes, alcohols, amides, ketones, nitriles, hydrazine, and others are among the others.
By Application: Food and Beverages: As a result of the rising demand for fortified food and beverages, this industry category accounted for the largest market. Agrochemicals: Organic chemicals have long been employed in the manufacture of agrochemicals, and the market for them is anticipated to increase strongly over the coming years. Pharmaceuticals: Due to rising global demand for anti-biotic and anti-viral medications, the pharmaceuticals category is anticipated to expand at the quickest rate during the projection period. Personal Care & Cosmetics: Over the forecast period, this segment is anticipated to experience moderate growth. Organic compounds, primarily synthetic chemicals, are employed extensively in plastics and polymers. Paints and coatings, textiles, dyes and pigments, solvents, paper & pulp, metal, perfumes, and other items are included in the Others sector.
By Source
Natural
Synthetic
By Product Types
Acetic acid
Ethyl alcohol
Methanol
Formaldehyde
Aldehydes
Citric acid
Ketones
Aliphatic
Polymers
Amides
Others
By End Use Industries
Pharmaceuticals
Pesticides
Agrochemicals
Plastics and polymers
Cosmetics
Food & Beverages
Others
Asia-Pacific now has the biggest market share and is predicted to expand the fastest. This is mostly because of the enormous domestic production, China's ambitious expansion aspirations, and the region's profusion of huge producers. The demand for organic chemicals in the region is also anticipated to expand due to more knowledge of the health advantages of organic chemicals and more relaxed government regulations in the area. North America held the second-largest market share in the global market as a result of the extensive production base of organic chemical manufacturers, high demand for animal feeds, and the existence of cutting-edge manufacturing technologies. North America is visited by Europe. Europe's expansion in the international market has remained stagnant as a result of stringent government regulation.
On the other hand, the Middle East and Africa are anticipated to have profitable growth because of a consistent supply of raw resources. Because of the rise in urbanisation and the existence of major organic chemical producers in Brazil, the Latin America market is likely to give considerable growth prospects.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Ineos, Reliance Industries, BASF SE, Koninklijke DSM N.V., Cargill, Eastman Chemical Company, AkzoNobel, Royal Dutch Shell, PPG Industries, Sinopec, ExxonMobil, The Dow Company and LyondellBasell Industries, and players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 12.75 Billion |
| Market Size by 2032 | US$ 24.25 Billion |
| CAGR | CAGR of 7.4% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Source (Natural, Synthetic) • By Product Types (Acetic acid, Ethyl alcohol, Methanol, Formaldehyde, Aldehydes, Citric acid, Ketones, Aliphatic, Polymers, Amides, Others) • By End Use Industries (Pharmaceuticals, Pesticides, Agrochemicals, Plastics and polymers, Cosmetics, Food & Beverages, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Ineos, Reliance Industries, BASF SE, Koninklijke DSM N.V., Cargill, Eastman Chemical Company, AkzoNobel, Royal Dutch Shell, PPG Industries, Sinopec, ExxonMobil, The Dow Company and LyondellBasell Industries, and players. |
| DRIVERS | • Organic Chemicals are in high demand for use in food and beverage applications. |
| Restraints | • Fluctuating raw material prices and supply |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Ineos, Reliance Industries, BASF SE, Koninklijke DSM N.V., Cargill, Eastman Chemical Company, AkzoNobel, Royal Dutch Shell, PPG Industries, Sinopec, ExxonMobil, The Dow Company and LyondellBasell Industries, and players are the major key players of Organic Chemicals Market.
Ans: Environment-related issues are the challenges faced by the Organic Chemicals Market.
Ans: Fluctuating raw material prices and supply are the restraints for Organic Chemicals Market.
Ans: Organic Chemicals Market Size was valued at USD 12.75 billion in 2023 and is expected to reach USD 24.25 billion by 2032, and grow at a CAGR of 7.4% over the forecast period 2023-2032.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Organic Chemicals Market Segment, By Source
8.1 Natural
8.2 Synthetic
9.Organic Chemicals Market Segment, By Product Types
9.1 Acetic acid
9.2 Ethyl alcohol
9.3 Methanol
9.4 Formaldehyde
9.5 Aldehydes
9.6 Citric acid
9.7 Ketones
9.8 Aliphatic
9.9 Polymers
9.10 Amides
9.11 Others
10.Organic Chemicals Market Segment, By End Use Industries
10.1 Pharmaceuticals
10.2 Pesticides
10.3 Agrochemicals
10.4 Plastics and polymers
10.5 Cosmetics
10.6 Food & Beverages
10.7 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Ineos, Reliance Industries,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BASF SE
12.3 Koninklijke DSM N.V.
12.4 Cargill
12.5 Eastman Chemical Company
12.6 AkzoNobel
12.7 Royal Dutch Shell
12.8 PPG Industries
12.9 Sinopec, ExxonMobil
12.10 The Dow Company
12.11 LyondellBasell Industries
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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