The growing use of synthetic rubbers, fibres, films, and plastic resins in a variety of industrial and commercial sectors is also propelling this market forward at a CAGR of 6.60% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the "Commodity Chemicals Market”

MRFR recognizes the following companies as the key players in the global commodity chemicals market— BASF SE, Bayer Group, AkzoNobel N.V., The Dow Chemical Company, LyondellBasell Industries Holdings B.V., E.I. DuPont de Nemours and Company, Mitsui Chemicals, Braskem SA, PPG Industries, and Eastman Chemical Company.

Commodity Chemicals Market Highlights

The global commodity chemicals market is accounted to register a CAGR of 6.60% during the forecast period and is estimated to reach USD 1272.5 billion by 2032.

Bulk substances known as "commodity chemicals" are manufactured on a huge scale and are vital to the synthesis of other substances. Adhesives, construction materials, plastics, clothes, and tyres are just a few examples of the many products made from chemicals created utilising commodity chemicals. They fall into broad groups such acetic acid, acrylate esters, acetone, methanol, methyl, benzene, acrylonitrile, butadiene, bisphenol, butanediol, adipic acid, hexane, butyl acetate, polyvinyl chloride, melamine, propylene, glycol, and glycerine. Across numerous manufacturing industries, all of these chemicals are either directly or indirectly used.

The building and construction sector's expansion with the use of high-quality and energy-efficient goods is anticipated to fuel the market for commodity chemicals. Over the course of the forecast period, the market will grow due to the rising use of commodity chemicals to create proactive and protective coatings and lightweight plastic products. The market is expected to increase due to the increasing need for multipurpose, high-quality paints and coatings with exceptional weather resistance. Additionally, it is anticipated that growth in the food industry due to rising consumer and governmental spending will hasten the growth of the market for commodity chemicals.

Segment Analysis

The global commodity chemicals market has been segmented based on product and end-use.

Based on product, the market is segmented into Ester, Ether, Amine, Alcohol, Aliphatic Hydrocarbon, Aromatic Hydrocarbon, Chlorinated Solvents, Ketones, Fatty Chemicals, Chelating Agents and Others. The paper tapes segment was attributed to holding the largest market share in 2022.

Based on the end-use, the global commodity chemicals market has been segmented into Plastics & Rubber, Electronics & IT, Food & Beverages, Pharmaceuticals & Personal Care, Building & Construction, Automotive, Agriculture, Mining, Oil & Gas, Household Industrial and Institutional (HI & I) and Others. The household industrial and institutional (HI & I) segment was expected to hold the largest market share in 2022.

Regional Analysis

The global commodity chemicals market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of US and Canada. The Europe commodity chemicals market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The commodity chemicals market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World commodity chemicals market comprises of Middle East, Africa, and Latin America.

North America region is anticipated to be the largest region in the commodity chemicals market over the forecast period. Commodity chemical market expansion is anticipated to be fueled by the North American region's recovery in the oil & gas industry as a result of rising investment. For instance, the US produced 17,886,000 barrels per day (bpd) of crude oil in 2018, overtaking Saudi Arabia to become the world's top producer. Thus, expansion of the oil and gas industry in the United States is anticipated to benefit market expansion. The U.S. economy has experienced strong growth as a result of rising consumer spending as well as demographic and regulatory changes. The market growth of commodity chemicals in the area is anticipated to be fueled by this.

Moreover, the European region is anticipated to be the second largest region. The increased demand for plastic resins and synthetic rubbers in the area is what is causing this market to grow. The growth may also be attributed to the rise in demand for medical supplies and equipment, which are made of common chemicals. The growing awareness of customers about hygiene is another factor driving the growth of this market.

Additionally, the Asia Pacific region is expected to be the fast growing region in the commodity chemicals market. This is ascribed to elements including advancing economic conditions, industrialization, and expansion of significant end-use industries. The two biggest nations boosting the Asia Pacific market for commodity chemicals are China and India. Food and beverage production, personal care and cosmetics products, and medicinal uses all have an impact on the demand for additives in the area. The main manufacturing nations in the region are China, India, and Japan. China is the world leader in manufacturing, which also stimulates the expansion of the product market.

Furthermore, the rest of the world's commodity chemicals market is divided into the Middle East, Africa, and Latin America. This expansion is attributed to the rising need for commodity chemicals in the cosmetic industry in nations like the United Arab Emirates, Kuwait, and Saudi Arabia, which are thought to be driving up industry penetration. A young, active population with high purchasing power is anticipated to support market expansion over the projection period.

Key Findings of the Study

• The global commodity chemicals market is expected to reach USD 1272.5 billion by 2032, at a CAGR of 6.60% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market.


• Based on the end-use, the household industrial and institutional (HI & I) segment was attributed to holding the largest market in 2022, with an approximate market share of 35–40%.

BASF SE, Bayer Group, AkzoNobel N.V., The Dow Chemical Company, LyondellBasell Industries Holdings B.V., E.I. DuPont de Nemours and Company, Mitsui Chemicals, Braskem SA, PPG Industries, and Eastman Chemical Company.Access full report @ commodity chemicals market