Chemical Research

  Commodity chemicals are basic chemicals such as ethylene, propylene, benzene, toluene, and xylene that serve as intermediates for producing both commodity and specialty chemicals. Commodity chemicals find applications in industries such as construction, packaging, automotive, and electronics owing to their bulk use and easy availability. Rapid industrialization across developing nations is contributing significantly to the demand for commodity chemicals. The global Commodity Chemicals Market is estimated to be valued at US$ 67.72 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Developing economies across Asia Pacific and Middle East are investing heavily in setting up chemical production facilities to meet the rising demand from local industries and reduce dependency on imports. China is emerging as a major producer and consumer of commodity ch...

  The global Commodity Chemicals Market is estimated to be valued at US$ 67.72 Bn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview:  Commodity chemicals are basic chemicals that serve as building blocks and raw materials for downstream derivative products. These include ethylene, propylene, benzene, methanol, and vinyls among others. They find wide applications in industries such as construction, automotive, packaging and others due to their properties such as durability, flexibility and resistance. Market key trends:  One of the key trends in the commodity chemicals market is the increasing demand from the construction industry. There is growing demand for infrastructure development across both developed and developing regions. This is driving the need for construction materials like cement, metals and composites, which in turn is propelling the d...