COMMODITY CHEMICALS MARKET ANALYSIS

Regional Analysis

Market Outlook

As a result of a thriving manufacturing sector and increasing number of expansions in the end use industries, Asia Pacific is expected to be the largest and fastest growing market in the near future. Governments and regulatory bodies in emerging economies such as India, China, and Indonesia are taking active interest and initiatives to expand their manufacturing capabilities, which in turn will have a positive impact on the regional market. Furthermore, bulk availability of natural gas and crude oil from GCC counties is benefiting the commodity chemicals market in the Asia Pacific region. The North America and Europe markets are projected to witness gradual growth and emerge as key markets in terms of revenue generated over the forecast period. This is owed to the presence of leading market players in the regions. Additionally, the Latin America and Middle East markets are projected to witness rising industrialisation in the agricultural and manufacturing sectors over the forecast period.