Upcoming challenges: The UK chemical industry faces tough competition and environmental scrutiny
Revenue is expected to contract at a compound annual rate of 1.6% to £11 billion over the five years through 2023-24. The pandemic significantly disrupted downstream manufacturing activity, as buyers had lower production, reducing the need for organic basic chemicals used as intermediate products. The temporary closure of construction sites across the UK during the COVID-19 outbreak meant sales of organic basic chemicals used to make plastic piping, wire coatings, insulation and other construction products fell, dampening revenue.
Companies in this industry manufacture organic chemicals via basic processes such as thermal cracking and distillation. Manufactured from refined petroleum or liquid hydrocarbons sourced from the upstream oil and gas extraction industries, the industry’s products are used in a wide variety of products including automotive components and various durable and consumable goods.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ExxonMobil Chemical Limited
Methodology
LOADING...
