North America commodity chemicals market is estimated to be valued at USD 57.33 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The North America commodity chemicals market has been growing consistently over the past few years owing to rising demand from various end-use industries such as construction, automotive, consumer goods, and pharmaceuticals in the U.S. and Canada. Commodity chemicals serve as crucial building blocks or feedstocks for a wide range of materials and products.

Market Dynamics:

The North America commodity chemicals market is witnessing significant growth driven by increasing consumption in several end-use industries such as construction, automotive, consumer goods, and pharmaceuticals. Rise in residential and non-residential construction projects in the U.S. and Canada has augmented the demand for commodity chemicals used in various building materials such as pipes, wires, paints, and adhesives. The rapidly growing automotive industry in the region also provides a fillip to the market. However, strict environmental regulations regarding Volatile organic compounds (VOC) emissions from commodity chemicals manufacturing plants acts as a major restraining factor. On the other hand, the focus on developing bio-based feedstocks for producing green chemicals presents a key opportunity for sustainable growth of the regional market. Growth in applications has prompted manufacturers to boost production of commodity chemicals across the region.

Key features of the study:

- This report provides in-depth analysis of the North America commodity chemicals market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the North America commodity chemicals market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include BASF SE, Bayer Group, AkzoNobel N.V., The Dow Chemical Company, LyondellBasell Industries Holdings B.V., E.I. DuPont de Nemours and Company, Mitsui Chemicals, Braskem SA, PPG Industries, and Eastman Chemical Company

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The North America commodity chemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the North America commodity chemicals market.

Market Segmentation

•  By Product Insights (Revenue, USD, 2019 - 2031)
• • Ester
  • Ether
  • Amine
  • Alcohol
  • Aliphatic Hydrocarbon
  • Aromatic Hydrocarbon
  • Chlorinated Solvents
  • Fatty Chemicals
  • Others
•  By End-Use Industry Insights (Revenue, USD, 2019 - 2031)
• • Plastics & Rubber
  • Electronics & IT
  • Food & Beverages
  • Pharmaceuticals & Personal Care
  • Building & Construction
  • Automotive
  • Agriculture
  • Mining, Oil & Gas
  • Others
• Key Players Insights
• • BASF SE
  • Bayer Group
  • AkzoNobel N.V.
  • The Dow Chemical Company
  • LyondellBasell Industries Holdings B.V.
  • I. DuPont de Nemours and Company
  • Mitsui Chemicals
  • Braskem SA
  • PPG Industries
  • Eastman Chemical Company