Top 20 Chemical Exporting Countries in the World [Yahoo! Finance]
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Source: Yahoo! Finance
Chemicals Market Outlook The chemical industry is one of the most important industries in the world and is directly linked to many other major sectors. Chemicals are used for industrial and consumer applications, and they are key components for vast and unrelated industries including hospitality and semiconductor fabrication. According to a report by Precedence Research , the global basic chemicals market is projected to grow to around $979.63 billion by 2032, up from $671.45 billion in 2022, at a compound annual growth rate of 3.9%. The Asia Pacific region led the basic chemicals market with a 39% revenue share in 2022. The chemical industry has the largest share of end users, comprising 43% of revenue in 2022. Organic chemicals are the most dominant segment in the chemicals industry, accounting for 57% market share in 2022 mainly driven by high demand in different industries. After a challenging end to 2022, the chemical industry was expected to record a modest rebound in produ
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