Chemical Product Manufacturing in the UK - Industry Market Research Report

Chemical Spill: Industry Revenue is Forecast to Contract In 2022-23 Due to Muted Demand From Manufacturing Sectors

Most chemical products are used as inputs in downstream industries, particularly in the manufacturing and pharmaceutical sectors. Industrial production and the world price of crude oil can influence domestic demand for chemical products. Still, the high rate of international trade means that industry revenue largely correlates with export trends. Revenue is expected to contract at a compound annual rate of 1.4% to £4.9 billion over the five years through 2022-23. Revenue contraction has been caused primarily by the effects of COVID-19.

Companies in this industry manufacture a wide array of chemical products, including photographic chemicals and sensitive materials; gelatine; chemically modified oils and fats; chemicals for textile, leather and metal processing; cement additives; hydraulic transmission liquids and antifreeze; and writing and drawing inks.

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.