Exclusive extracts from this 67-page-long report:
- Who are the key players?
The top ten industry players analysed in this report account for only 7% of total market value. Industry fragmentation is due to the very large scope of business activities, ranging from commodities such as ammonia, chlorine and ethanol to specialty chemicals (e.g. adhesives, electronics, etc.). Asia has emerged as a major player in the diversified chemicals industry, accounting for 60% of global chemicals consumption. By 2025, India and China should account for more than 40% of global chemicals demand. Major companies are also on the rise in Asia, with ChemChina potentially becoming the world's largest chemical company should it complete its merger with Sinochem. [...]
Groups analysed in this report include: BASF, DowDuPont, Mitsubishi Chemical Holdings, Toray Industries, Sumitomo Chemical, Evonik Industries, Covestro, Sasol, Solvay, AkzoNobel.
- What are the players' strategies?
Over the few past years, Toray has been strengthening its cost competitiveness and broadening its international manufacturing presence. It has designated carbon fibre composite materials, fibres & textiles and lithium-ion batteries as key growth areas. Its latest strategic blueprint - “Project AP-G 2019” – maintains these guidelines, while adding a cost reduction target of about €1.7bn over FY2017-FY2019 (ending March 31, 2020). […]
- What are the players' key growth and profitability drivers?
Industry players are separating their activities to focus on core businesses and increase competitive advantages. By spinning off businesses, leading players create smaller entities dedicated to high value-added specialty chemicals which are better able to achieve higher margins. For instance, DowDuPont's combined chemical operations posted strong, double-digit annual growth in 2017. The chemical giant is in the process of dividing its operations into three separate entities: Corteva Agriscience (including seeds); the “new” Dow (materials science); and the “new” DuPont (specialty chemicals). […]