Exclusive extracts from this 214-page-long report:
- What is the business?
Chemical manufacturers convert raw materials into inputs for the agriculture, manufacturing, construction and service industries, as well as consumer goods. From nutritional products to paints, mobile phones to synthetic fibres, chemical products are an essential part of everyday life and are related to myriad facets of the global economy. […]
- Who are the key players?
The global chemical industry is highly-fragmented in terms of geography, as well as the industries and markets served. Key players, mainly headquartered in mature economies in Western Europe, the US or Japan, have a significant global presence, but the breadth of their portfolios varies greatly: while some players participate in all segments of the chemical industry, others are more focused. […]
Companies analysed in the report include: BASF, BAYER, DOW CHEMICAL, MITSUBISHI CHEMICAL, DUPONT, SUMITOMO CHEMICAL, TORAY, AKZONOBEL, EVONIK, SASOL, SOLVAY, MITSUI CHEMICALS and MEXICHEM.
- How intense is competition?
Rivalry between diversified chemicals groups is high. Despite the growing consolidation seen in recent years, notably the announced merger of US chemical behemoths Dow and DuPont, the industry remains highly fragmented, with a large number of players competing in different segments. Market dynamics vary greatly between the commodity and specialty businesses. In the commoditised segment, price is the main differentiating factor and competition is globalised. In the specialty segment, companies compete in terms of innovation, customisation and branding, with rivalries tending to be more regional. [...]
- What are the main markets?
Historically, mature markets have dominated the global chemicals industry. However, with rapid economic growth and rising standards of living in many developing countries, the centre of gravity of the global chemical industry has shifted towards emerging countries. Asia is today the industry's biggest market. [...]