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 the by far most important petrochemical raw material as direct applications include, among others, the three polyethylene plastics HDPE, LLDPE, and LDPE as well as petrochemical intermediates, which are in turn mainly used for the production of plastics. Another application area with a strong growth potential is ethylene oxide (EO), which is mainly used for the production of ethylene glycol. Until the year 2021, we forecast global demand for ethylene in the production of ethylene oxide to increase by 3.2% per year.

Propylene is the second most important petrochemical raw material behind ethylenePropylene is mainly used in the production of the plastic type polypropylene (PP), but also in significant chemicals like for example propylene oxide, acrylonitrile, cumene, butyraldehyde and acrylic acid. Ceresana forecasts demand for polypropylene until 2021 to increase by approx. 3.7% and to determine demand for propylene to a great extent.

Solvents are used in, e.g., paints and varnishes, printing inks and adhesives. For the market for solvents, Ceresana expects a worldwide increase in revenues by annual 4% until the year 2021. Most often, alcoholic solvents like ethanol, n-butanol, isopropanol and methanol are used. But aromates, ketones, ester and ether 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 2.5% per year and thus US$ 40.4 billion to be reached in 2022. 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 also the segment cleaners and detergents. In this market study, the market for chelating agents, including prognoses up to 2018, is analyzed and demand for each individual product type as well as influencing factors are illustrated.

In the market study on titanium dioxide (Ti02), the market research institute and consulting company Ceresana completely analyzed the global market for titanium dioxide along the entire value-added chain. Starting with the raw materials ilmenite, leukoxene and rutile until processed products such as titanium slack and synthetic rutile as well as individual sales markets in which Ti02 is used. Market analysts expect the global titanium dioxide market to experience dynamic growth until 2019 and to reach a volume of about 7.5 million tonnes. A further chemical is examined in Ceresana's market study carbon black. With increases of more than 3.1 million tonnes, demand for carbon black will continue to increase until the year 2019. 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.

Also flavors, fragrances, benzene, toluene and xylene (BTX), butadiene, butanol, hydrofluoric acid and fluorchemicals, catalysts as well as styrene belong to this group, analyzed by Ceresana. Ceresana also analyzed the individual global chemical market as well as trends and future developments. 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 is described in detail. Furthermore, Ceresana creates 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. These segments will generate an aggregated global market volume of about US$7.4 billion in 2020.

Biocides do not only protect humans, but also industrial and consumer goods from harm caused by microbes. Also for biocides, plastics, paints, disinfectants and paper belong to the application areas. With a roughly 42% share of global consumption, North America is the major sales market for biocides, followed by Western Europe and Asia-Pacific.

Flame retardants inhibit or delay the burning of materials and are indispensable for protecting plastic products, electrical appliances, construction materials and textiles. As the use of plastics in this segments will increase, Ceresana forecasts a market volume of US$ 7.15 billion for 2021. 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 precipitated calcium carbonate (PCC) and carbon black. Ceresana forecasts for carbon black and talc annual growth rates of more than 3%. Especially demand for carbon black will increase, due to the growing automotive industry in China and India.

Pigments like titanium dioxide (Ti02), iron oxides, carbon black, other non-organic 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 43%. The processing of plastics is the second largest market with a share of 27%. Ceresana forecasts global revenues with pigments of US$34.2 billion for the year 2020.

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. US$5.3 billion in 2021. 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 market value of plasticizers to increase to more than US$19.5 billion until the year 2020. The application areas of plasticizers like plastic (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.

The agricultural economy or agriculture represents one of the oldest economic sectors of mankind. To ensure nutrition of the rapidly growing population, agricultural production must be increased. As fertilizers can increase yields enormously, the use of mineral fertilizers accordingly rises. That this market is worth a detailed analysis becomes obvious simply by the fact that in 2019, market value is likely to rise to more than US$185 billion. In the market study for the European and worldwide market for fertilizers, demand for the individual fertilizer types (especially nitrogen, phosphate and potash fertilizer) is analyzed in detail.

Only for a few gains of areas in agriculture, intensity of use must be increased. Urea is an effective fertilizer to improve yields and will become even more important in the future. Ceresana forecasts urea demand to increase at an average annual rate of 3.2% over the next years.

Due to its high nitrogen content, ammonia is mainly used as a fertilizer or as the base material for the production of further fertilizers, such as urea or fertilizer mixes. The market researchers of Ceresana analyzed the global market for ammonia in detail and made forecasts up to 2019. In addition to revenues, demand and production are illustrated in detail. Moreover, the report gives an in-depth insight into the development of individual regions and global market dynamics.

Pesticides protect plants from harmful influences like weeds, pathogens or insects. Largest demand worldwide was the demand for herbicides, followed by insecticides and fungicides. Due to strong dynamics of the market for pesticides, the Ceresana expects revenues of more than US$52 billion in 2019.

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). The market study on the ethylene value chain provides complete transparency regarding current and future development of the entire ethylene value chain. Ceresana analyzes the US market as well as the Chinese market for ethylene.

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. In the market studies on propylene value chain, the US market as well as the Chinese market for propylene are examined and trends are illustrated.