Bulk chemicals, commonly known as commodity chemicals, are produced in large quantities to meet the ever-growing demand across various industries. Bulk chemicals are manufactured using the batch process and continuous process. Large volumes of raw materials such as crude oil and natural gas are used in production of bulk chemicals. The bulk chemicals or commodity chemicals are traded... View more

Bulk chemicals, commonly known as commodity chemicals, are produced in large quantities to meet the ever-growing demand across various industries. Bulk chemicals are manufactured using the batch process and continuous process. Large volumes of raw materials such as crude oil and natural gas are used in production of bulk chemicals. The bulk chemicals or commodity chemicals are traded as organic chemicals and inorganic chemicals. The bulk chemicals market is highly fragmented, with a large number of global players and small regional players. Asia Pacific is the largest market for bulk chemicals, spearheaded by China, India, and Japan. Bulk chemicals find wide application across industries such as agriculture, construction, and automotive. Burgeoning growth of these industries in highly populous emerging economies such as India and China, along with rampant economic growth in these countries is expected to fuel growth of the global bulk chemicals market in the foreseeable future.

Bulk chemicals or commodity chemicals are used in healthcare, food processing, chemicals, fertilizer, construction, and automobiles industries among others. Price instability of crude and natural gas due to a technological shift towards renewable energy and disparity in supply and demand are expected to be the key challenges for the growth of the global bulk chemicals market. Integration of advanced automation systems such as SCADA, DCS, and PLC among others could significantly increase the production process without a major spike in additional costs. This is projected to create a highly lucrative growth opportunity for players in the market.

Rising demand for chemicals in the construction industry across the globe is projected to be a key driver for the bulk chemicals market. Moreover, increasing crude oil production and consequent decrease in prices is expected to augment the market growth. Growing GDP and rapid urbanization in Asia Pacific, primarily in China, Japan and India, is expected to create a highly conducive environment for market growth. Furthermore, increasing government investment in infrastructure development, especially in India and China, is propelling demand for bulk chemicals. According to India Brand Equity Foundation (IBEF)—part of Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian government plans to invest US$ 376.53 billion in infrastructure development throughout 2020. Moreover, the Indian government plans to establish special economic zones (SEZs) in the port-based chemical parks across the country. The market in Middle Eastern countries, mainly Saudi Arabia, UAE, Iran, and Iraq is also growing due to large petroleum reserves and high production in these countries. The UAE is primarily focused in improved and modern infrastructure development to boost tourism across the region. The region also witnessed major investment in the manufacturing units of bulk chemicals by global players such as SABIC, The Dow Chemical Company, and BASF SE. Thus, this region is positioned as a key exporter of bulk chemicals to other regions.

Bulk Chemicals Challenges – Reduce Environmental Impact

Effective and eco-friendly mode of waste disposal is a key challenge faced by chemicals manufacturing companies. All waste water, gases, and semi-solid waste can only be disposed after undergoing a series of treatments. The Ministry of Environment and Forest (MoEF) of India, on December 23, 2010, implemented water prevention and control pollution act 1974 and air prevention and control pollution act 1981. These lay out a stringent regulatory framework for manufacturers and users regarding production, import, export, and storage of hazardous chemicals which has significantly increased costs associated with production, which in turn affects profitability of companies in this highly competitive market, in turn inhibiting the market growth.

Decentralized production of bulk chemicals is an opportunity for players to enter local markets. Production of bulk chemicals in small quantities involves utilization of local resources and translates into low operating costs and cheap labor, especially in emerging economies of Asia Pacific and Latin America, in turn increasing profit margins. Also, proximity to end users decreases time-to-market and significantly reduces cost involved in handling and transportation which is a crucial factor for hazardous chemicals. Forward integration by bulk chemical manufacturers is another lucrative growth opportunity for players in this market. 

Bulk Chemicals– Regulatory Scenario:

  • United States Environmental Protection Agency
  • The Frank R. Lautenberg Chemical Safety for the 21stCentury Act, on December 17, 2015.
  • The Toxic Substances Control Act (TSCA) Modernization Act of 2015, on June 23, 2015
  • Registration, Evaluation and Authorization and Restriction of Chemicals (REACH) and Classification, Labelling and Packaging (CPL) regulations
  • Regulations regarding fertilizer production
  • Regulations regarding detergents production
  • Regulation regarding explosive production
  • Regulation regarding drug precursors production
  • Resource Conservation and Recovery Act (RCRA)
  • Chemical Waste Disposal Law Govern by U.S. Environmental Protection Agency

Bulk Chemicals – Key Global Conferences:

  • Strategic Approach to International Chemicals Management (SAICM)
  • In Dubai, government, intergovernmental and non-governmental organizations held an International conference on chemicals management in 2006 between February 4th and 6th
  • Summit Meeting on Chemical Regulations (SMCR) in Asia Pacific in 2011
  • Transparency in sharing regulatory updates and enforcement measures, to provide and promote safety and sustainability of chemical industry in the Asia Pacific region.

Key players in the bulk chemicals market includes BASF-SE, The Dow Chemical Company, Sinopec, SABIC, ExxonMobil, Formosa Plastics, Lyondel Basell Industry, DuPont, Ineos, Bayer, Mitsubishi Chemicals, Royal Dutch Shell, LG Chem Ltd., Braskem, Air liquid, Akzo Nobel, The Linde Group, Sumitomo Chemicals, Mitsui Chemicals, Evonik Industries. In recent times, the market has witnessed a trend of consolidation through strategic mergers and acquisitions. For instance, in March 2017, the European Union approved the proposed merger of Dow Chemical and DuPont as part of a US$ 62 billion deal. The companies would subsequently break into three separate publicly traded companies that would focus on agriculture, material science, and specialty chemicals.View less

Bulk Chemicals Published Insights

Coherent Market Insights Sodium Phenylbutyrate Market

Published Date : Nov 2023

Sodium phenylbutyrate (SPB) is a notable pharmaceutical compound that has garnered significant attention in medical research and treatment approaches. As a derivative of phenylbutyric acid, SPB exhibits a wide array of therapeutic properties, making it a promising can... View more

Coherent Market Insights Cryptoxanthin Market

Published Date : Nov 2023

Cryptoxanthin is a captivating and valuable carotenoid pigment found abundantly in various fruits and vegetables, captivating the attention of researchers and health enthusiasts alike. As a natural provitamin A compound, cryptoxanthin exhibits potent antioxidant prope... View more

Coherent Market Insights Oil And Gas Descaler Market

Published Date : Nov 2023

The Global Oil and Gas Descaler Market is US$ 368.3 million in 2023 size and is expected to reach US$ $459.2 million by 2030. The market is projected to grow at a CAGR of 3.2% during the forecast period. The growth of the oil and gas descaler market is being driven by the increasing demand for... View more

Coherent Market Insights L Ergothioneine Egt Market

Published Date : Nov 2023

L-Ergothioneine a naturally occurring compound, has gained significant attention in recent years due to its potential health benefits. Found in various dietary sources such as mushrooms, beans and certain meats, L-Ergothioneine acts as a powerful antioxidant and has b... View more

Coherent Market Insights Ethanol Derivatives Market

Published Date : Nov 2023

The term "ethanol derivatives” includes a variety of goods that are derived from ethanol, a biodegradable alcohol that is often produced from biomass sources like corn, sugarcane, or cellulosic feed stocks. A variety of goods utilized in the fuel, pharmaceutical... View more

Coherent Market Insights Cyclopropanol Market

Published Date : Nov 2023

Cyclopropanol is a three-membered cyclic alcohol known for its distinctive strained ring structure. With its reactivity and stability challenges, it serves as a valuable building block in organic synthesis and medical chemistry. The strained cyclopropanol ring offers ... View more

Coherent Market Insights High Purity Silica Market

Published Date : Nov 2023

High purity silica refers to a form of silicon dioxide that has a high level of purity, typically above 99.9%. It is widely used in various industries such as electronics, semiconductors, solar panels, pharmaceuticals, and cosmetics. High purity silica is known for it... View more

Coherent Market Insights Latex Ink Market

Published Date : Nov 2023

The Global Latex Ink Market demonstrated remarkable growth in recent years, with a value of US$ 19.30 billion in 2023. It is anticipated to expand at a CAGR of 3.1% from 2023 to 2030, reaching a projected market size of US$ 23.89 billion by 2030. Several key factors have fueled this growth, includin... View more

Coherent Market Insights Calcium Hypophosphite Market

Published Date : Nov 2023

Calcium hypophosphite is an inorganic compound with the formula CaPhO. It is a white powder that has a melting point of 307 °C and a boiling point of 340 °C. It is an important raw material used to prepare other hypophosphite salts such as sodium, potassium, m... View more

Coherent Market Insights Cobalt Oxalate Market

Published Date : Nov 2023

Global Cobalt Oxalate Market size is estimated to reach US$ 1,159.8 Mn by 2030, from US$ 792 Mn in 2023, at a CAGR of 5.6% during the forecast period. Cobalt oxalate is a chemical compound with the formula CoC2O4. It is a white, odorless, and tasteless solid that is soluble in water. Cobalt oxalate ... View more

Coherent Market Insights Synthetic Fuel Market

Published Date : Nov 2023

Global synthetic fuel market is expected to be valued at US$ 5.60 Bn in 2023, and is projected to reach US$ 19.82 Bn by 2030, exhibiting a CAGR of 19.8% from 2023 to 2030. Global synthetic fuel market growth is driven by increasing demand for cleaner and more sustainable fuels, rising cost of crude... View more

Coherent Market Insights Us Biofuels Market

Published Date : Nov 2023

U.S. biofuels market is expected to be valued at US$ 32.91 billion in 2023, and is expected to reach US$ 56.04 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. Biofuels are fuels that are produced directly or indirectly from organic matter including plant ... View more

Coherent Market Insights Silver Nitrate Market

Published Date : Nov 2023

The silver nitrate market size is expected to reach US$ 575.5 Mn by 2030, from US$ 363.1 Mn in 2023, growing at a CAGR of 6.8% during the forecast period. Silver nitrate is an inorganic compound with the chemical formula of AgNO3. It is a versatile precursor to many other silver compounds, with appl... View more

Coherent Market Insights Polycrystalline Silicon Market

Published Date : Oct 2023

Global polycrystalline silicon market size is expected to be valued at US$ 9.64 Bn in 2023, and is estimated to reach US$ 23.24 Bn by 2030 at a CAGR of 13.4% from 2023 to 2030.                   Global polycrystalline silicon market growth is driven... View more

Coherent Market Insights Acetyls Market

Published Date : Oct 2023

Acetyls or acyls is a functional group with chemical formula CH3CO and key base chemical in the production of polymers. It has wide range of applications in several industries, whether as perfect solvents, components of dialysis substrates-acetyls, or as chemical intermediates. Acetic anhydride is ... View more

Coherent Market Insights Monoethylene Glycol Market

Published Date : Oct 2023

Monoethylene glycol is also known as 1, 2-ethanediol and is soluble in a wide range of chemical compounds, alcohols, and water. Ethylene Oxide hydrolysis produces it primarily, with the emission of two co-products, Diethylene Glycol (DEG) and Triethylene Glycol (TEG).... View more

Coherent Market Insights Aromatherapy Diffuser Market

Published Date : Sep 2023

An aromatherapy diffuser, also known as an essential oil diffuser, disperses essential oils into the air and fills the area with a natural fragrance. Aromatherapy is the practice of using essential oils for therapeutic benefit. In addition to infusing... View more

Coherent Market Insights Amines Market

Published Date : Jul 2023

Amines are intermediate chemical compounds that are used in the manufacturing of other chemical products. It is produced by the alkylation of alcohols or the reduction of nitriles. They are categorized into primary amines, secondary amines, tertiary amines, and cyclic... View more

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