The Latest Chemical Industry Statistics Explained
Global chemical sales in 2019 were approximately 3,946 billion euros.
The statistic stating that global chemical sales in 2019 were approximately 3,946 billion euros indicates the total value of chemical products sold worldwide during that year. This figure signifies the significant economic activity within the chemical industry on a global scale in 2019. The large value of 3,946 billion euros highlights the importance of the chemical sector in driving economic growth and innovation across various industries, such as pharmaceuticals, agriculture, manufacturing, and consumer goods. The statistic underscores the size and impact of the chemical industry in contributing to the global economy.
The EU was the largest exporter of chemicals worldwide in 2019, with around 564.2 billion euros worth of goods exported.
The statistic indicates that the European Union (EU) held the top position as the largest exporter of chemicals globally in the year 2019, with a total export value of approximately 564.2 billion euros. This figure showcases the significant role that the EU plays in the international chemical trade market, highlighting its competitiveness and strong industry presence. The high export value signals robust demand for EU chemical products from countries around the world, underscoring the region’s importance as a key player in the global chemicals industry. This statistic not only reflects the EU’s economic strength in the chemical sector but also demonstrates its capacity to drive economic growth and trade on a global scale.
The United States has the largest chemical industry in the world, contributing around 16% of global chemical production in 2018.
The statistic indicates that the United States holds a significant position within the global chemical industry, contributing approximately 16% of the total global chemical production in 2018. This highlights the country’s strong presence and influence in the chemical sector, showcasing its leading role in manufacturing various chemical products that are essential across different industries. The statistic reflects the size and importance of the chemical industry within the U.S. economy, demonstrating its significant contribution to both domestic and international markets. This data underscores the competitive advantage and economic impact of the U.S. chemical sector on a global scale.
Global specialty chemicals market size was valued at $607.5 billion in 2020 and is expected to grow at a CAGR of 3.8% from 2021 to 2026.
The statistic indicates that the global specialty chemicals market was worth $607.5 billion in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 3.8% over the period from 2021 to 2026. This growth rate suggests a steady and moderate increase in market size over the forecasted period. The CAGR provides a smoothed average growth rate over multiple years and is commonly used to estimate the future value of an investment. The forecasted growth indicates potential opportunities for companies operating within the specialty chemicals industry, encouraging further investment and market expansion strategies to align with the expected trajectory of the market.
China’s chemical sector produced 290 million tons of liquid chemicals in 2020.
The statistic stating that China’s chemical sector produced 290 million tons of liquid chemicals in 2020 represents a significant volume of chemical output in the country for that particular year. This data highlights the substantial scale and importance of China’s chemical industry, underscoring its role in the global market. The production of liquid chemicals encompasses various products used in sectors such as manufacturing, agriculture, pharmaceuticals, and consumer goods, indicating the widespread impact of the chemical industry on the economy and society. Additionally, such a high level of chemical production could also raise environmental and health concerns, emphasizing the need for stringent regulations and sustainable practices in the industry.
India’s chemical industry was projected to reach $304 billion by 2025.
The statistic “India’s chemical industry was projected to reach $304 billion by 2025” forecasts the future growth and economic impact of India’s chemical industry within a specified timeframe. This projection suggests a significant expansion in the industry’s size and revenue, indicating strong business potential and market demand for chemical products in India over the next few years. Such statistics are used by policymakers, investors, and industry stakeholders to make informed decisions regarding investments, strategy development, and resource allocation within the chemical sector. The projection underscores the importance of the chemical industry in India’s economy and hints at potential opportunities for growth and development in the coming years.
There are nearly 14,000 chemical facilities in the United States.
The statistic stating that there are nearly 14,000 chemical facilities in the United States highlights the significant presence and scale of the chemical industry within the country. These facilities encompass a wide range of operations, including manufacturing, storage, and distribution of various chemical products. The sheer number of facilities indicates the importance of the chemical sector to the national economy and its role in supporting a multitude of industries such as pharmaceuticals, agriculture, and manufacturing. However, it also underscores the potential risks associated with managing and regulating such a large number of facilities to ensure environmental safety, public health, and the prevention of accidents or incidents that could harm individuals or the surrounding communities.
Brazil’s chemical industry revenue in 2019 was nearly $111 billion USD.
The statistic states that Brazil’s chemical industry generated approximately $111 billion USD in revenue in the year 2019. This figure highlights the significant economic contribution of the chemical industry within Brazil, indicating substantial growth and activity within the sector during that particular year. The revenue figure serves as an essential metric for evaluating the industry’s performance, capturing the total value of goods and services produced and sold by chemical companies in Brazil. This statistic provides valuable insights into the industry’s size, market share, and overall economic impact, reflecting the importance of the chemical sector in driving economic growth and supporting employment opportunities within the country.
In 2019, the Canadian chemical industry generated CAD 53 billion in sales.
The statistic “In 2019, the Canadian chemical industry generated CAD 53 billion in sales” indicates the total revenue generated by the chemical industry in Canada over the course of that year. This figure reflects the total value of goods and services sold by chemical companies operating within Canada. Sales revenue is a key indicator of the economic activity and performance of the industry, showing the level of demand for chemical products in the Canadian market. The CAD 53 billion figure provides insight into the size and importance of the chemical sector within the Canadian economy, highlighting its contribution to overall GDP and employment.
The chemical manufacturing sector in the UK accounts for 10% of all UK manufacturing.
This statistic indicates that the chemical manufacturing sector in the UK contributes a significant proportion of the overall manufacturing industry in the country, accounting for 10% of all manufacturing activities. This suggests that the chemical manufacturing sector is a substantial player in the UK economy, generating substantial output, employment opportunities, and economic value. The significance of this sector underscores its importance in driving industrial growth and contributing to the overall economic health of the UK. Policymakers, industry stakeholders, and investors may closely monitor and support the development of the chemical manufacturing sector due to its notable share in the national manufacturing landscape.
In 2020, chemical companies in Switzerland generated a revenue of around 99.02 billion Swiss Francs.
The statistic reveals that in the year 2020, chemical companies operating within Switzerland collectively generated a substantial revenue of approximately 99.02 billion Swiss Francs. This figure underscores the significant economic contribution of the chemical industry to the Swiss economy. The revenue generated by these companies likely represents the sales of various chemical products, including specialty chemicals, pharmaceuticals, agrochemicals, and others. The high revenue figure indicates the size and importance of the chemical sector within Switzerland, reflecting its competitiveness and ability to thrive in a global market. This statistic also suggests that the chemical industry in Switzerland may be a key player in driving innovation, industrial growth, and employment within the country.
Russia’s chemical industry value is estimated to reach 250 billion USD by 2025.
The statistic indicates that the value of Russia’s chemical industry is projected to grow substantially, reaching an estimated 250 billion USD by the year 2025. This suggests significant expansion and development within the chemical sector in Russia, with increased production and market value expected in the coming years. Such growth could be driven by factors like advancements in technology, increasing demand for chemical products both domestically and internationally, as well as strategic investments in the industry. This forecasted value highlights the potential economic impact of the chemical industry in Russia and suggests positive prospects for future productivity and competitiveness in this sector.
The chemical industry represents around 12% of Spain’s total industrial production.
This statistic indicates that the chemical industry plays a significant role in Spain’s overall industrial landscape, contributing approximately 12% to the country’s total industrial production. This suggests that the chemical sector is a major part of the economy, influencing key economic indicators such as GDP and employment. The significance of this industry highlights its importance in driving economic growth, generating revenue, and providing employment opportunities within Spain. The statistic underscores the strategic importance of the chemical industry to Spain’s industrial and economic development.
Mexico’s chemical industry represents 2% of the national GDP and 10% of the manufacturing GDP.
The statistic that Mexico’s chemical industry represents 2% of the national GDP and 10% of the manufacturing GDP indicates the economic significance and relative size of the chemical industry within Mexico’s overall economy. While the chemical industry contributes a relatively small portion to the country’s total GDP, it plays a more substantial role in the manufacturing sector specifically. This information suggests that the chemical industry is a key driver of Mexico’s manufacturing activity and underscores its importance in the country’s industrial production. Understanding the industry’s contribution to both the national and manufacturing GDP can help policymakers, businesses, and investors make informed decisions regarding economic development, trade policies, and investment opportunities within Mexico’s chemical sector.
Italy’s chemical industry employs around 96,000 people.
The statistic that Italy’s chemical industry employs around 96,000 people indicates the significant workforce involved in the sector within the country. Employment in the chemical industry plays a crucial role in driving economic growth, innovation, and competitiveness. These jobs encompass a wide range of roles, from research and development to manufacturing and distribution, contributing to the overall productivity and output of the industry. As one of the key sectors in Italy, the chemical industry’s employment figures demonstrate its importance in providing job opportunities and supporting the country’s economy.
The total value of all chemical shipments in the US was more than $555 billion in 2019.
The statistic that the total value of all chemical shipments in the US was more than $555 billion in 2019 indicates the significant economic importance of the chemical industry within the country. This figure highlights the extensive scale of production, distribution, and consumption of chemicals across various sectors such as manufacturing, healthcare, agriculture, and technology. The statistic underscores the pivotal role that chemical products play in driving revenue and contributing to the overall growth and development of the US economy. Additionally, it emphasizes the substantial impact that the chemical industry has on employment opportunities, trade balances, and innovation within the country.
References
0. – https://www.www.epa.gov
1. – https://www.www.grandviewresearch.com
2. – https://www.www.businessinnovationmag.co.uk
3. – https://www.ihsmarkit.com
4. – https://www.www.statista.com
5. – https://www.www2.deloitte.com
6. – https://www.www.export.gov
7. – https://www.www.feique.org
8. – https://www.www.federchimica.it
