Report Id: SNS/C&M/2462 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
Organic Chemicals Market Size was valued at USD 11.88 billion in 2022, and expected to reach USD 21.04 billion by 2030, and grow at a CAGR of 7.4 % over the forecast period 2023-2030.
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.
Organic Chemicals are in high demand for use in food and beverage applications.
Fluctuating raw material prices and supply
Emergence of organic chemicals with a biobased basis
Impact of Covid-19:
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.
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.
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 Product Types
By End Use Industries
Plastics and polymers
Food & Beverages
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 11.88 Billion|
|Market Size by 2030||US$ 21.04 Billion|
|CAGR||CAGR of 7.8% From 2023 to 2030|
|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|
Frequently Asked Questions (FAQ) :
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 11.07 billion in 2021, and expected to reach USD 18.25 billion by 2028, and grow at a CAGR of 7.4 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Organic Chemicals Market Segment, By Source
9.Organic Chemicals Market Segment, By Product Types
9.1 Acetic acid
9.2 Ethyl alcohol
9.6 Citric acid
10.Organic Chemicals Market Segment, By End Use Industries
10.4 Plastics and polymers
10.6 Food & Beverages
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Ineos, Reliance Industries,
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.
12.5 Eastman Chemical Company
12.7 Royal Dutch Shell
12.8 PPG Industries
12.9 Sinopec, ExxonMobil
12.10 The Dow Company
12.11 LyondellBasell Industries
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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