Market Studies: Chemicals


The chemical industry belongs to the most important sectors in industrialized countries. Chemicals can be subdivided into inorganic basic chemicals, petrochemicals, polymers, fine and specialty chemicals, pharmaceuticals, agrochemicals as well as soaps, detergents, and personal care products. In Ceresana's market studies, the chemical markets are analyzed in detail and growth potentials as well as market developments are illustrated.

Ethylene is by far the most important petrochemical raw material and is used for the production of high-density polyethylene (HDPE), linear low density polyethylene (LLDPE) and low density polyethylene (LDPE), but also in chemicals like ethylene dichloride (EDC), ethylene oxide (EO), alpha olefins, and ethylbenzene (EB).

Propylene (also called propene) is used in processing industries for the production of numerous products. Direct applications include, besides the plastic polypropylene (PP), chemicals such as propylene oxide (PO), acrylonitrile, cumene, butyraldehyde, and acrylic acid.

Solvents are used in, e.g., paints and varnishes, printing inks and adhesives. Most frequently, alcoholic solvents like ethanol, n-butanol, isopropanol, and methanol are used. But aromates, ketones, esters, and ethers account for significant market shares as well. Ethanol, toluene, and acetone are among the most popular solvents.

The market study on surfactants provides information on figures and demand, import and export for the main segments (anionic, cationic, non-ionic, and other surfactants) as well as for individual product types. Ceresana expects a revenue growth of 3.1% per year until 2024. Surfactants are used to improve properties of aqueous formulations and are used in detergents and cleaners for the household, in cosmetics, textiles, paints and varnishes. The largest application area for complexing agents (chelators) is the segment cleaners and detergents as well. In this market study, the market for chelating agents, including prognoses up to 2022, is analyzed and demand for each individual product type as well as influencing factors are illustrated.

In the market study on titanium dioxide (TiO2), the market research institute Ceresana analyzed the total global market for titanium dioxide along the entire value-added chain: Starting with the raw materials ilmenite, leukoxene, and rutile up to processed products such as titanium slack and synthetic rutile as well as individual sales markets in which TiO2 is used. Another chemical is examined in Ceresana's market study carbon black. Until 2025, dmenad for carbon black will increase to more than 15 million tonnes. Carbon black is used as a filler for rubber or seals. Furthermore, carbon black is used as a pigment for plasticspaints and varnishes as well as for printing inks. The largest sales market however, is the vehicle industry as carbon black is also used for the production of tires.

Butadiene, hydrofluoric acid and fluorchemicals, catalysts, and styrene are also analyzed by Ceresana. Ceresana analyzed the individual global chemical market as well as trends and future developments in regard to these topics. Demand development as well as revenues and production volumes are analyzed for each individual region and for each individual type of chemicals. In addition, the most important application areas for each chemical type are described in detail. Furthermore, Ceresana created profiles of individual producers, which show data on revenues, profits, product range, production sites, and capacities.

Additives are added to products to improve their properties. Many plastics, for example, would only exhibit limited durability if no antioxidants were used. For this reason, antioxidants are used in plastics, elastomers (rubber), fuels as well as in adhesives and lubricants.

Biocides do not only protect humans, but also industrial and consumer goods from harm caused by microbes. Plastics, paints, disinfectants, and paper also belong to the application areas of biocides. With a 41% share of global consumption, North America is the major sales market for biocides, followed by Asia-Pacific and Western Europe.

Flame retardants inhibit or delay the burning of materials and are indispensable for protecting plastic products, electrical appliances, construction materials, and textiles. Ceresana expects the highest percentage increase of demasnd for flame retardants until 2024 for the segment transportation. In the market study on flame retardants, Ceresana also analyzed the market for the individual flame retardant types aluminumtrihydroxid (ATH), brominated compounds, chlorinated compounds, organophosphorus, antimony compounds, and other flame retardants.

Fillers are mainly used in plastic and elastomers products, followed by paper, paints and varnishes as well as adhesives and sealants. The most commonly used filler on the global market is ground calcium carbonate (GCC), followed by carbon black and precipitated calcium carbonate (PCC). Ceresana forecasts for GCC annual growth rates of 2.5%.

Pigments like titanium dioxide (TiO2), iron oxides, carbon black, other inorganic pigments, and organic pigments are mainly used for the production of paints and varnishes, printing inks, paper as well as for the coloring of plastics and construction materials. Most important sales market are the paints and varnishes industry with a global demand of more than 45%. The processing of plastics is the second largest market at a large distance.

Stabilizers are indispensable additives in the production and processing of many plastics and elastomersStabilizers play an important role in the manufacturing of products made from polyvinyl chloride (PVC) especially. The market research institute Ceresana forecast the value of the global market for stabilizers to increase to approx. USD 5.1 billion in 2024. In the market study stabilizers, tin-, lead- and calcium-based stabilizers as well as liquid metal soaps are considered and demand with regard to countries is illustrated.

Ceresana forecasts global demand for plasticizers to increase to about 9.75 million tonnes until the year 2024. The application areas of plasticizers like plastics (especially polyvinyl chloride - PVC), films, rubber, elastomerspaints and varnishes as well as adhesives are examined in detail in the market study on plasticizers. Furthermore, the study contains analyses and prognoses on demand and revenues of the individual plasticizers types like DEHP, DINP/DIDP, other phthalates, and non-phthalates.