Chemicals represent one of the largest and the oldest industries worldwide. Chemicals are basic substances with distinctive molecular properties & chemical composition and they are used in wide array of materials and products as fundamental constituents. Chemical industry holds a substantial share in global industrial market and have significant impact on economic and trade growth globally. Even though consumption as well as production of these substances is adversely affecting both environment and human health, the industry is expected to grow tremendously in coming future due to high dependency of other industries.
Global chemical industry is quite diverse as well as competitive and includes highly complex range of products that are classified into five segments namely, base, pharmaceutical, consumer, agriculture and fine & specialty chemicals. Of these base chemicals capture majority of the market followed by pharmaceutical chemicals segment. Overall chemical industrial framework is currently witnessing adoption of innovative products & solutions with changing regulations & policies. However, high energy & labour costs, frequent feedstock changes and high price volatility of raw materials are posing threat to overall development of the market.
Materials are complete or partially unprocessed substances that are used in manufacturing of components or semi-finished products. Broadly, materials constitute organic, inorganic, metals and construction materials. Rapid urbanization & industrialization and higher demand of manufacturing & consumer goods are key factors driving the global materials market.
Currently, materials market is witnessing a shift towards use of bioplastics in construction, packaging and transportation sector. Bioplastics are derived from biodegradable and environment friendly biological substances. In addition, market for green building materials such as solar tiles, paper insulation and wool brick is also picking up owing to their benefits such as less energy consumption and eco-friendliness. Green building materials are primarily used across end-user segments such as education, industrial, commercial, healthcare, residential, among others.
ASDReport.com provides a collection of reports on chemicals & materials market. A range of reports are available on polymer, reagents, chemical derivative, antistatic agent, surfactants, dolomite, talc, crystal oscillator and much more.