North America Commodity Chemicals Market, By Product, By End-Use Industry

Description

The North America commodity chemicals market is estimated to be valued at USD 57.33 Bn in 2024 and is expected to reach USD 82.34 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 57.33 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.30%	2031 Value Projection:	US$ 82.34 Bn

Figure. North America Commodity Chemicals Market Share (%), By Product 2024

North America Commodity Chemicals Market - IMG1

The North America commodity chemicals market has been growing consistently over the past few years owing to rising demand from various end-use industries such as construction, automotive, consumer goods, and pharmaceuticals in the U.S. and Canada. Commodity chemicals serve as crucial building blocks or feedstocks for a wide range of materials and products.

Market Dynamics:

The North America commodity chemicals market is witnessing significant growth driven by increasing consumption in several end-use industries such as construction, automotive, consumer goods, and pharmaceuticals. Rise in residential and non-residential construction projects in the U.S. and Canada has augmented the demand for commodity chemicals used in various building materials such as pipes, wires, paints, and adhesives. The rapidly growing automotive industry in the region also provides a fillip to the market. However, strict environmental regulations regarding Volatile organic compounds (VOC) emissions from commodity chemicals manufacturing plants acts as a major restraining factor. On the other hand, the focus on developing bio-based feedstocks for producing green chemicals presents a key opportunity for sustainable growth of the regional market. Growth in applications has prompted manufacturers to boost production of commodity chemicals across the region.

Key features of the study:

This report provides in-depth analysis of the North America commodity chemicals market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the North America commodity chemicals market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include 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

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The North America commodity chemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the North America commodity chemicals market.

Market Segmentation

By Product Insights (Revenue, USD, 2019 - 2031)
- Ester
- Ether
- Amine
- Alcohol
- Aliphatic Hydrocarbon
- Aromatic Hydrocarbon
- Chlorinated Solvents
- Fatty Chemicals
- Others
By End-Use Industry Insights (Revenue, USD, 2019 - 2031)
- Plastics & Rubber
- Electronics & IT
- Food & Beverages
- Pharmaceuticals & Personal Care
- Building & Construction
- Automotive
- Agriculture
- Mining, Oil & Gas
- Others
Key Players Insights
- 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
- Eastman Chemical Company

Product Code: CMI4653

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product
- Market Snippet, By End-Use Industry
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. North America Commodity Chemicals Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the North America Commodity Chemicals Market - COVID-19
Impact Analysis

5. North America Commodity Chemicals Market, By Product, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Ester
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Ether
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Amine
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Alcohol
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Aliphatic Hydrocarbon
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Aromatic Hydrocarbon
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Chlorinated Solvents
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Fatty Chemicals
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. North America Commodity Chemicals Market, By End-Use Industry, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Plastics & Rubber
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Electronics & IT
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food & Beverages
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pharmaceuticals & Personal Care
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Building & Construction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Agriculture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Mining, Oil & Gas
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- BASF SE
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Bayer Group
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- AkzoNobel N.V.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- The Dow Chemical Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- LyondellBasell Industries Holdings B.V.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- E.I. DuPont de Nemours and Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Mitsui Chemicals
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Braskem SA
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- PPG Industries
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Eastman Chemical Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

8. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Section

References
Research Methodology
About Us and Sales Contact