Bulk chemicals, commonly known as commodity chemicals are produced in a larger quantities to meet ever-growing demand across various industries.Bulk chemicals are manufactured using 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 large 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 automobile. Burgeoning growth of these industries in highly populous emerging economies of 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 technology shifting towards renewable energy and disparity in supply and demand are expected key challenges for growth of the global bulk chemicals market. Integration of advanced automation systems such as SCADA, DCS, PLC, among others would help significantly increase production, 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 of the same, is expected to augment market growth. Growing GDP and rapid urbanization in Asia Pacific, primarily in China, Japan and India, in turn creates a highly conducive environment for market growth. Furthermore, increasing government investment in infrastructure development, especially in India and China propels growth in 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 through 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 East 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 witnesses 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 to the environment 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. This lays out a stringent regulatory framework for manufacturers and users regarding production, import, export, and storage of hazardous chemicals. This significantly increases costs associated with production, which in turn affects profitability of manufacturers in this highly competitive market, in turn inhibiting market growth.
Decentralized production of bulk chemicals is an opportunity for players to enter into local markets. Such production of bulk chemicals in small quantities would utilize local resources and translate 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—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:
Bulk Chemicals – Key Global Conferences:
Key players in the bulk chemicals market include 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...
To Be Published : Dec 2019
Pressure sensitive adhesives adhere on surfaces on application of pressure. Emulsion pressure sensitive adhesives consists of emulsion polymers including acrylics, polyvinyl acetate, and ethylene vinyl acetate. It is commonly used in labelling, tapes, and packaging.
To Be Published : Dec 2019
Saffron is one of the expensive spices in the world and its scientific name is Crocus Sativus L. Saffron is currently being cultivated in some of the major economies of the world such as Iran, India, Spain, Greece, Italy, Azerbaijan, Turkey, Egypt, France, United Arab
To Be Published : Dec 2019
Xylo-oligosaccharide (XOS) is a low degree sugar polymer considered as potential non-digestible sugar and known for its characteristic dietary fibers. Xylo-oligosaccharides were in use since ancient time but it were not popular compared to other carbohydrates such as
To Be Published : Dec 2019
Elemental fluorine is a highly toxic, pale yellow, corrosive gas, which reacts with most of the organic & inorganic substances. Industrially, elemental fluorine is produced by electrolysis of potassium fluoride and hydrogen fluoride mixture. Generally, elemental f
To Be Published : Dec 2019
Cellulase is an enzyme and a prime component of cell wall. Cellulase is also produced from fungi, bacteria, protozoans, plants, and animals. There are three main components of cellulase, namely endoglucanase, exoglucanase, and β-glucosidase, which effectively con
To Be Published : Dec 2019
Beta-cyfluthrin is a pyrethroid insecticide and common household pesticide. Beta- cyfluthrin is used for a wide array of insects such as moths, butterflies, grasshoppers, beetles, and weevils in agriculture, in and around the home, and in food handling units. It was i
To Be Published : Dec 2019
Agricultural colorants are dyes and pigments used in several applications such as tracking, product coloring for dried flowers, seed coating, landscaping, ice-melt & deicing, fertilizers, dried flowers, and others. Coloring prevents in enhancing cosmetic appeal, i
To Be Published : Dec 2019
Biocides are chemicals or microorganisms that destroy, control, or prevent the effects of harmful organisms such as bacteria, mold, insects, algae, and rodents. Biocides includes a broad range of products including insecticides, disinfectants, pesticides, and preserva
To Be Published : Dec 2019
Lutein is a commonly referred as Xanthophyll and is a carotenoid and naturally occurring organic, yellow & orange pigment. Lutein is found in several fruits and vegetables including mangoes, sweet potatoes, corn, squash, carrots, tomatoes, and leafy greens such as
To Be Published : Dec 2019
Betaine is an amino acid, which is available in both natural and synthetic form. Natural betaine is commonly derived from sugar beet and its derivatives such as vinasses and molasses. Synthetic betaine such as is widely available in the market. Betaine is consumed as
To Be Published : Dec 2019
Pyridoxine Hydrochloride (Vitamin B6) is an odorless crystalline powder. It is completely soluble in water, partially soluble in ethanol and insoluble in ether or chloroform. Pyridoxine Hydrochloride (Vitamin B6) is manufactured and marketed in food grade, feed grade,
To Be Published : Dec 2019
Sodium Hexametaphosphate (SHMP) is a solid, translucent material. This glossy phosphate is widely used as an input in the manufacturing of many industrial and consumer products. Sodium hexametaphosphate is manufactured and marketed in technical and food grade. Sodium
To Be Published : Dec 2019
Phenoxy resins are amorphous thermoplastic polymers and thermosetting resins. These polymers have terminal hydroxyl groups as well as hydroxyl groups in every repeat unit and thus can be classified as polyhydroxyethers. They are derived from Bisphenol A and Epichloroh
To Be Published : Dec 2019
Osmium is a chemical element represented by the symbol Os and has seven naturally occurring isotopes. It belongs to the platinum group and is obtained when platinum is extracted from ores such as osmiridium and iridosmine. Osmium is found in alloys of iridium and in t
To Be Published : Dec 2019
Polydimethylsiloxane (PDMS) is a group of polymeric organosilicon compounds, which are commonly referred to as silicones. Polydimethylsiloxane (PDMS) is a clear, non-toxic, non-flammable, colorless, and viscous liquid that is insoluble in water and ethanol. PDMS is a
To Be Published : Dec 2019
Molybdenum is a silver-grey colored metal that is hard, malleable, and ductile in nature with excellent strength at high temperature, high melting point, and high thermal conductivity. It is highly resistant to heat, which makes it useful in the production of alloys o
To Be Published : Dec 2019
An industrial lubricant is a substance that is used to reduce friction between surfaces that are in mutual contact with each other. It also transmits forces and acts as a coolant between the surfaces. The property of reducing friction is called lubricity. Lubricants contain around 90% base oil (c
To Be Published : Dec 2019
Zeolite is aluminosilicate or molecular sieve, a crystalline solid made from silica, aluminum, and oxygen. They are naturally available and can be synthesized chemically. Some of the natural zeolites are analcime, chabazite, clinoptilolite, erionite, ferrierite, heula
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.