impact of recession on your business
Organic Chemicals Market

Organic Chemicals Market Size and Segment 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), by Regions and Global Forecast 2023-2030

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 Market Revenue Graph

Market Dynamics:

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

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.

Key Players:

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.

Market Segment:

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

Organic Chemicals Market Segment Pie Chart

Regional Analysis:

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.

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

Organic Chemicals Market Report Scope:
Report Attributes Details
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
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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. 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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.