Carbon and its various derivatives combine with elements such as hydrogen, oxygen, nitrogen, and sulfur, to form organic chemicals. The derivatives exist either in carbon chain or carbon ring. Increasing global population and surging urbanization are expected to fuel growth of end-use industries such as agrochemicals, pharmaceuticals, food & beverages, and cosmetics in turn fueling growth of the organic chemicals market. Asia Pacific is growth engine of this market, mainly attributed to the strong economic growth in India and China. Ethyl alcohols, synthetic organic alcohols, synthetic flavors, and pesticides are among the most widely used organic compound used in various end-use industries such as pharmaceuticals, food & beverages, and fertilizers.

Organic Chemicals Market Taxonomy

On the basis of product type, the global market is classified into:

Ethyl alcohol

Methanol

Formaldehyde

Aldehydes

Citric acid

Ketones

Aliphatic

Polymers

On the basis of end user, the global market is classified into:

Pharmaceuticals

Pesticides

Agrochemicals

Plastics and polymers

Cosmetics

Food & Beverages

Others

Organic Chemicals Market Outlook – Surge in Pharmaceuticals Industries Augmenting Market Growth

The last decade has witnessed a spike in incidence rate of various diseases. This in turn has led to increasing spending by various government and non-governmental organizations on developing effective drugs to combat such diseases, subsequently propelling growth of the pharmaceuticals industry. This trend is expected to prevail over the forecast period, consequently fueling growth of the organic chemicals market.

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Major Keyplayers: TCI America, BASF SE, PPG Industries, The Dow Chemicals Company, AkzoNobel, Royal Dutch Shell, Sinopec, ExxonMobil, Formosa Plastics, LyondellBasell Industries, DuPont, Ineos, Huntsman and Reliance Industries

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