Chemicals in Singapore

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 Singaporean chemicals market recorded revenues of $48.5 billion in 2024, representing a compound annual growth rate (CAGR) of 5.3% between 2019 and 2024.
• The commodity chemicals segment accounted for the market's largest proportion in 2024, with total revenues of $28.9 billion, equivalent to 59.5% of the market's overall value.
• In 2024, Singapore’s chemicals market grew by 2.9%, largely driven by increased GDP, which boosted industrial activity, infrastructure development, and consumer demand. For instance, according to the Department of Statistics, Singapore's real GDP growth in 2024 reached 3.7%, compared to 1.1% in 2023. 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 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 by both value and volume

Reasons to Buy

• What was the size of the Singapore chemicals market by value in 2024?
• What will be the size of the Singapore chemicals market in 2029?
• What factors are affecting the strength of competition in the Singapore chemicals market?
• How has the market performed over the last five years?
• Who are the top competitors in Singapore's chemicals market?