General Chemical Product Market Report 2026

The general chemical product market size has grown steadily in recent years. It will grow from $292.03 billion in 2025 to $304.5 billion in 2026 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to expansion of consumer goods manufacturing, growth in textile and detergent production, rising demand for industrial additives, increased chemical processing capacity, availability of diverse raw materials.

The general chemical product market size is expected to see strong growth in the next few years. It will grow to $370.19 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increasing focus on green chemistry, rising demand for customized chemical solutions, expansion of smart manufacturing in chemical plants, growing regulatory emphasis on sustainability, increasing investments in value-added chemical products. Major trends in the forecast period include increasing demand for specialty and fine chemicals, rising use of sustainable chemical formulations, growing adoption of process automation, expansion of multi-industry chemical applications, enhanced focus on regulatory compliance.

The rise in the automotive industry is expected to propel the growth of the general chemical products market going forward. The automotive industry encompasses the production, design, development, and sale of vehicles, including cars, trucks, and motorcycles, along with associated parts and services. The automotive sector uses general chemical products for manufacturing processes, including adhesives, coatings, lubricants, and polymers, as well as in vehicle maintenance and operation. For instance, in December 2023, according to MarkLines Co. Ltd., a US-based provider of online information services to the automotive industry, US new vehicle sales of 1,242,376 units for November 2023 represented an increase of 2.6% from October 2023 and an increase of 8.8% from November 2022. Therefore, a rise in the automotive industry will drive the growth of the general chemical products market.

Major companies operating in the general chemical products market are focusing on developing advanced sustainable resins to meet environmental regulations and address growing consumer demands for eco-friendly products. Advanced sustainable resin refers to an environmentally conscious and durable polymer material that minimizes environmental impact and promotes long-term ecological sustainability. For instance, in May 2023, SABIC, a Saudi Arabia-based chemicals company, launched LNP ELCRIN WF0051iQ. The latest addition to the company's sustainable iQ resins, this compound features thin-wall construction, non-brominated or non-chlorinated flame retardance, and is the first LNP ELCRIN iQ grade to meet the UL94 V0 standard for fire resistance at 0.4 mm, making it ideal for electrical applications. With a relative thermal index (RTI) of 130°C at 0.4 mm and a comparative tracking index (CTI) of 2, it enhances safety and reduces material requirements, potentially lowering tooling costs.

In October 2025, Berkshire Hathaway, a US-based multinational conglomerate, acquired OxyChem for $9.7 billion. Through this acquisition, Berkshire Hathaway seeks to reinforce its chemical portfolio, secure long-term supply arrangements, improve operational efficiencies, and broaden its presence in the specialty and industrial chemicals sector. OxyChem is a US-based manufacturer of a diverse range of chemicals, including chlor-alkali products, vinyls, and performance chemicals, catering to various industrial and commercial applications.

Major companies operating in the general chemical product market are BASF SE, Dow Inc., China Petrochemical Corporation (Sinopec Group), Saudi Basic Industries Corporation (SABIC), Mitsui Chemicals, Inc., Mitsubishi Chemical Corporation, LyondellBasell Industries N.V., Sumitomo Chemical Co., Ltd., INEOS Group Limited, Evonik Industries AG, Solvay SA, DuPont de Nemours, Inc., AkzoNobel N.V., Eastman Chemical Company, Celanese Corporation, Wacker Chemie AG, Huntsman Corporation, Shin-Etsu Chemical Co., Ltd., Formosa Plastics Corporation, Ashland Global Holdings Inc., Bayer AG, Nippon Shokubai Co., Ltd., Borealis AG.

Asia-Pacific was the largest region in the general chemical market in 2025. The regions covered in the general chemical product market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the general chemical product market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The general chemical products market consists of sales of acids, alkalies, salts, and organic chemicals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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