The Latest Chemicals Industry Statistics Explained
The global chemical industry is expected to grow from $4.1 trillion in 2019 to $5.1 trillion by 2025.
The statistic highlights the projected growth of the global chemical industry over a six-year period, indicating a significant increase from $4.1 trillion in 2019 to $5.1 trillion by 2025. This estimated growth suggests a compound annual growth rate that reflects positive momentum and potential expansion within the industry. The anticipated increase in market size may be attributed to factors such as rising demand for chemicals across various sectors like healthcare, agriculture, manufacturing, and consumer goods, as well as advancements in technology driving innovation and development in the industry. The statistic serves as a valuable insight for stakeholders, investors, and policymakers, signaling promising opportunities and challenges within the global chemical industry landscape.
China is the largest consumer of chemicals worldwide, accounting for nearly 40% of global chemical consumption.
The statistic that China is the largest consumer of chemicals worldwide, representing almost 40% of global chemical consumption, indicates the significant role that China plays in the global chemical industry. The high consumption of chemicals in China can be attributed to the country’s rapid industrialization and economic growth over the past few decades. As a major manufacturing hub, China has a high demand for chemicals across various industries such as manufacturing, construction, agriculture, and consumer goods production. This statistic underscores China’s importance in the global market for chemicals and highlights the country’s impact on global supply chains and environmental sustainability efforts.
The US chemical industry employs over 800,000 people.
The statistic that ‘The US chemical industry employs over 800,000 people’ indicates that the chemical industry is a significant contributor to employment within the United States. This large number of employees reflects the industry’s size and importance in the economy, highlighting the diverse range of job opportunities available within the sector. The employment provided by the chemical industry not only directly supports individuals and families but also has broader impacts on related industries, supply chains, and economic growth. The statistic underscores the industry’s role as a key player in the labor market and the overall economy, emphasizing its significance in terms of job creation and economic development.
The European Chemical Industry provides 1.14 million direct jobs and maintains an additional 5 million jobs in related sectors.
The statistic indicates that the European Chemical Industry is a significant contributor to the economy in terms of employment. It directly provides 1.14 million jobs to individuals working within the industry itself. Additionally, the industry has a multiplier effect, supporting an additional 5 million jobs in related sectors such as manufacturing, research and development, and services. This highlights the interconnectedness and importance of the chemical industry within the European economy, not only through its direct employment opportunities but also through the indirect jobs it sustains in various related fields.
The Indian chemical industry is projected to reach $304 billion by 2025.
The statistic that the Indian chemical industry is projected to reach $304 billion by 2025 indicates the expected significant growth and economic impact of the industry in the upcoming years. This projection suggests that the chemical industry in India is poised for substantial expansion, driven by factors such as increasing demand for chemicals domestically and internationally, technological advancements, and favorable government policies. Achieving a market value of $304 billion by 2025 would mark a significant milestone for the Indian chemical industry, signaling its growing importance and competitiveness on the global stage. This statistic underscores the potential opportunities for investors, businesses, and stakeholders in the chemical sector to capitalize on the projected growth and contribute to the overall economic development of India.
The global fine chemicals market is expected to grow at a CAGR of 5.3% from 2021 to 2028.
This statistic indicates that the global fine chemicals market is projected to experience a Compound Annual Growth Rate (CAGR) of 5.3% from 2021 to 2028. This means that the market is expected to expand steadily at an average annual rate of 5.3% during this period. The CAGR is a useful measure for assessing the growth trajectory of a market over time, providing insights into the potential opportunities and challenges that may arise in the industry. The forecasted growth rate suggests that there is increasing demand and investment in fine chemicals, leading to overall market expansion and potential business opportunities for companies operating in this sector.
The revenue of the chemical industry in Germany was approximately 186 billion euros in 2020.
The statistic indicates that the total revenue generated by the chemical industry in Germany in 2020 amounted to around 186 billion euros. This figure highlights the significant economic contribution of the chemical sector to the German economy. It signifies the value of all sales of chemicals and chemical products in the country during that year, encompassing a wide range of products such as pharmaceuticals, petrochemicals, and specialty chemicals. The revenue figure serves as a key indicator of the industry’s overall performance and its importance within the national economy, reflecting both domestic and international demand for German chemical products.
In 2020, BASF was the world’s largest chemical producer, with sales of approximately 72.6 billion U.S. dollars.
In 2020, BASF held the top position as the largest chemical producer globally, achieving sales totaling around 72.6 billion U.S. dollars. This statistic indicates the significant market share and financial strength of BASF in the chemical industry, underscoring its leading role in the sector. The substantial sales figure highlights the scale of operations and the widespread reach of BASF’s products across various markets and regions worldwide. As a key player in the chemical industry, this statistic demonstrates the company’s dominance and competitive edge in terms of revenue generation, reinforcing its position as a major player in the global marketplace.
The pharmaceutical sector alone represents 4.8 percent of the EU’s total manufacturing value added, generating over half a trillion euros in annual sales.
The statistic indicates that the pharmaceutical sector plays a significant role in the European Union’s manufacturing industry, accounting for 4.8 percent of the total manufacturing value added. This implies that pharmaceutical companies contribute substantially to the EU’s economy by creating value through their production activities. The fact that the sector generates over half a trillion euros in annual sales further highlights its economic importance, as it represents a substantial portion of the EU’s overall revenue generation. This statistic underscores the pharmaceutical industry’s influential position within the EU’s manufacturing landscape and underscores its significance in driving economic growth and prosperity within the region.
The agrochemicals industry in 2020 was valued at 258.46 Billion USD, with a projected size of 365.16 Billion USD in 2028.
The statistic indicates that the agrochemicals industry was valued at 258.46 Billion USD in 2020 and is projected to grow to 365.16 Billion USD by 2028. This represents a significant increase in market size over the 8-year period, suggesting a positive trend in the industry. The growth can be attributed to various factors such as increasing global population, rising demand for food production, technological advancements in agriculture, and the need for improved crop yields. This data provides valuable insights for stakeholders in the agrochemicals industry to make informed decisions, develop strategies, and capitalize on market opportunities for future growth and development.
Over 70% of chemicals manufactured in the UK are exported to other countries.
The statistic “Over 70% of chemicals manufactured in the UK are exported to other countries” suggests that the majority of chemical products produced in the UK are sold to foreign markets rather than being consumed domestically. This indicates a strong reliance on international trade for the UK chemical industry. The high percentage of exports underscores the importance of foreign demand for UK chemical products and highlights the industry’s contribution to the country’s trade balance. Additionally, it implies that the UK chemical sector is competitive and successful in global markets, potentially benefiting the economy through foreign exchange earnings and job creation.
The Russian chemical industry was valued at approximately 75 billion U.S. dollars in 2018.
The statistic that the Russian chemical industry was valued at approximately 75 billion U.S. dollars in 2018 indicates the total economic worth of the chemical sector in Russia within that specific year. This value encompasses various aspects of the industry, including production, sales, exports, and investment. Such a high valuation points to the significant role that the chemical industry plays in the Russian economy, contributing to factors such as employment, GDP growth, and innovation. Analyzing this statistic could provide insights into the growth trajectory, competitiveness, and overall health of the chemical sector in Russia, as well as implications for broader economic trends and policies within the country.
In Africa, Egypt had the highest revenue from the chemical industry in 2020 valued at $4.2 billion dollars.
The statistic indicates that in 2020, Egypt generated the highest revenue from the chemical industry among all countries in Africa, with a total value of $4.2 billion dollars. This highlights the significant economic contribution of the chemical industry within Egypt and the region as a whole. The high revenue suggests that Egypt has a strong presence in the chemical sector, potentially driven by factors such as industrial infrastructure, skilled workforce, access to key resources, and favorable market conditions. Furthermore, this statistic may also reflect the country’s competitive advantage in chemical manufacturing and trade, positioning Egypt as a key player in the African chemical industry landscape.
By volume, the chemical industry in Japan produced about 86.6 million metric tons of chemicals in 2020.
The statistic indicates that in 2020, the chemical industry in Japan produced a significant amount of chemicals, totaling approximately 86.6 million metric tons by volume. This data point highlights the substantial output of the chemical sector in Japan and underscores the industry’s scale and importance within the country’s economy. The large volume of chemicals produced suggests a strong manufacturing capacity and competitiveness within the global market. This statistic serves as a key indicator of the industry’s performance and contribution to Japan’s overall industrial output and export capabilities.
Canada’s Chemical manufacturing industry is the third largest manufacturing sector in Canada by value of production.
The statistic stating that Canada’s Chemical manufacturing industry is the third largest manufacturing sector in Canada by value of production indicates the significant economic importance and contribution of the chemical manufacturing sector to the Canadian economy. This ranking suggests that the chemical manufacturing industry plays a crucial role in generating revenue and creating value within the country’s overall manufacturing landscape. As the third largest sector, it likely employs a substantial number of individuals and contributes significantly to Canada’s GDP, highlighting its importance in driving economic growth and development. This statistic underscores the significance of the chemical manufacturing industry in Canada’s industrial sector and its vital role in maintaining a competitive manufacturing landscape.
The Mexican chemical sector is the fourth largest in the Americas after the United States, Brazil, and Canada, accounting for approximately 16% of Mexico’s manufacturing GDP.
The statistic indicates that the chemical sector in Mexico is a significant contributor to the country’s overall manufacturing output, ranking as the fourth largest in the Americas after the United States, Brazil, and Canada. This suggests that Mexico has a strong presence in the chemical industry within the region. The sector accounts for approximately 16% of Mexico’s total manufacturing GDP, highlighting its importance in driving economic growth and providing employment opportunities. The statistic underscores the competitive position of Mexico in the chemical sector and its potential for further expansion and development in the future.
The global specialty chemicals market is expected to reach nearly $950 billion by 2027.
The statistic “The global specialty chemicals market is expected to reach nearly $950 billion by 2027” indicates the projected growth and size of the specialty chemicals industry over the next few years. This suggests a significant expansion in the market value, driven by factors such as increased demand for specialized chemicals across various industries including pharmaceuticals, construction, and agriculture. The forecasted figure signifies the potential opportunities for growth and investment in the specialty chemicals sector, highlighting its importance within the global economy and its contribution to diverse industrial activities.
Australia has an estimated $38 billion in chemicals and pharmaceuticals sales each year.
The statistic that Australia has an estimated $38 billion in chemicals and pharmaceuticals sales each year means that the overall value of sales generated from the chemicals and pharmaceuticals industry in Australia annually is approximately $38 billion. This figure represents the total revenue generated from the sale of chemicals and pharmaceutical products within the country’s borders over a one-year period. This statistic indicates the significant economic contribution of the chemicals and pharmaceuticals sector to the Australian economy, highlighting it as a major industry with substantial revenue generation and a vital part of the country’s overall economic landscape.
Conclusion
Overall, the statistics presented in this blog post highlight the significant impact of the chemicals industry on various sectors of the economy. By understanding and analyzing these statistics, we can gain valuable insights into the trends, challenges, and opportunities within the industry. It is clear that the chemicals industry plays a crucial role in driving innovation, sustainability, and economic growth.
References
0. – https://www.www.statista.com
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3. – https://www.www.cefic.org
4. – https://www.www.ukri.org
5. – https://www.www.grandviewresearch.com
6. – https://www.www.business-standard.com
7. – https://www.www.fortunebusinessinsights.com
8. – https://www.www.industryresearch.co
9. – https://www.www.ibef.org
10. – https://www.www.aigroup.com.au
11. – https://www.www.efpia.eu
