Singapore Chemicals Market Summary, Competitive Analysis and Forecast to 2028

Key Highlights

• The chemicals market is categorized into commodity chemicals, specialty chemicals, agriculture chemicals, and other. Market values are taken as the country's consumption of chemical products at producer selling price (PSP).
• The Singaporean chemicals market had total revenues of $44 billion in 2023, representing a compound annual growth rate (CAGR) of 4.2% between 2018 and 2023.
• The commodity chemicals segment accounted for the market's largest proportion in 2023, with total revenues of $26.1 billion, equivalent to 59.4% of the market's overall value.
• The chemicals market in Singapore is impacted by macroeconomic factors such as GDP growth, inflation rates, energy costs, technological advancement, and industrial production. For instance, according to GlobalData, the real GDP annual growth stood at 1.2% in 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the chemicals market in Singapore
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the chemicals market in Singapore
• Leading company profiles reveal details of key chemicals market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Singapore chemicals market with five year forecasts

Reasons to Buy

• What was the size of the Singapore chemicals market by value in 2023?
• What will be the size of the Singapore chemicals market in 2028?
• What factors are affecting the strength of competition in the Singapore chemicals market?
• How has the market performed over the last five years?
• What are the main segments that make up Singapore's chemicals market?