Chemicals in Asia-Pacific

Key Highlights

• Chemicals market is segmented into commodity chemicals, specialty chemicals, agriculture chemicals, and others. Market values represent country's consumption of chemical products at the producer's selling price (PSP).
• The Asia-Pacific chemicals market recorded revenues of $3.43 trillion in 2024, representing a compound annual growth rate (CAGR) of 6.6% between 2019 and 2024.
• The commodity chemicals segment accounted for the market's largest proportion in 2024, with total revenues of $1.83 trillion, equivalent to 53.5% of the market's overall value.
• In 2024, the Asia-Pacific chemicals market grew by 6.5%, largely driven by increased GDP, which boosted industrial activity, infrastructure development, and consumer demand. For instance, according to the National Bureau of Statistics of China, the real GDP growth of China in 2024 reached 4.9%. This economic expansion led to higher consumption of chemicals across manufacturing, agriculture, and consumer goods sectors.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the chemicals market in Asia-Pacific
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the chemicals market in Asia-Pacific
• 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 Asia-Pacific chemicals market with five year forecasts

Reasons to Buy

• What was the size of the Asia-Pacific chemicals market by value in 2024?
• What will be the size of the Asia-Pacific chemicals market in 2029?
• What factors are affecting the strength of competition in the Asia-Pacific chemicals market?
• How has the market performed over the last five years?
• What are the main segments that make up Asia-Pacific's chemicals market?