From GlobeNewswire: 2025-01-19 21:00:00

The global chemical industry is projected to grow from USD 6,182 billion in 2024 to USD 6,324 billion by 2025, with a 2.3% YoY increase, driven by factors like lower energy prices and renewed demand from sectors like semiconductors and automotive production. The American Chemistry Council expects a 3.4% increase in 2024 production to continue into 2025. Key players include BASF SE, Dow Inc., and ExxonMobil.

Major trends in the chemical industry by 2025 include the adoption of digital technologies like AI to enhance efficiency and sustainability. Political changes worldwide will impact supply chains and market access, requiring companies to be flexible. Asia-Pacific will lead in production, focusing on specialty chemicals for specific uses to meet demand for sustainable products.

In 2024, the chemical industry faced challenges like geopolitical tensions and fluctuating energy costs, leading to mixed performance globally. However, growth is expected in 2025, driven by stabilizing economies in Europe and the U.S. Advanced technologies, such as automation and AI, are driving market growth, while the Asia-Pacific region is expected to see the highest CAGR.

Asia-Pacific is set to be the fastest-growing market in the global chemical industry, driven by industrial expansion, urbanization, and increased demand across sectors like automotive and healthcare. Investments in infrastructure and technology, along with supportive government policies, will make the region a key hub for chemical production and consumption in 2025. Advanced technologies and sustainability practices will drive growth in key players and the market overall.



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