The Chemicals industry plays a fundamental role in the modern economy by transforming raw inputs into more than 70,000 products for intermediate or final consumption. As an enabling industry, it stands at the beginning of the value chains of numerous sectors, such as agriculture, food & beverages, consumer goods, construction and pharmaceuticals. It also plays a vital role in promoting human and economic development, improving food security and public health, and ensuring the sustainable use of natural resources.
Activities associated with Chemicals are manufacturing of petroleum and coal products, basic chemicals, resins, polymers and speciality chemicals, industrial gases, fertilisers, paints and coatings, adhesives, plastics and rubber products. A number of consumer goods are also included, such as pharmaceuticals, hygiene and personal care products, cleaning compounds and toiletries.
In the third quarter of 2020, the performance of China’s chemical sector continued to improve, supported by increased downstream demand from many sectors and the reduction of cost pressure as a result of ...View more details
The chemicals industry is a major contributor to the Malaysian economy, with petrochemicals and oleochemicals as its principal products. Availability of feedstock and resources, supportive government policies for investors, and a conducive ...View more details
In the second quarter of 2020, the performance of China’s chemical sector improved under the influence of multiple favourable factors such as the reduction of cost pressure, recovery of market demand, and the effect of relevant ...View more details
In the fourth quarter of 2019, China’s production volume of API declined by 12.7% y/y to 633,000 tonnes, mainly due to the environment-driven production cuts. The decline in output dragged down the sales volume of API, which dropped ...View more details
In the first quarter of 2020, the chemical sector in China was seriously affected by the spreading coronavirus outbreak, which in March 2020 was officially confirmed as a pandemic. It led to highly volatile global economic and financial conditions. ...View more details
Brazil ranks among the leading global chemical markets, accounting for 2.6% of the industry’s total net sales in 2018 and ranking sixth in the world. In 2019, sectoral turnover fell by 4.2% y/y to USD 118.7bn, as the local economy posted its ...View more details
In the first quarter of 2020, China's pharmaceutical manufacturing sector was strongly affected by the coronavirus outbreak. Pharmaceutical companies delayed the start of work, due to blocked transportation and restrictions on movement of people and ...View more details
In the fourth quarter of 2019, China’s chemical sector’s value added of industry (VAI) rose by 6.2% y/y, 3.5 pp faster than in the same period of 2018. During both Q3 and Q4 2019, China’s economy expanded by a record low of 6% y/y, ...View more details
Brazil is the world’s second largest producer of ethanol and biodiesel after the US, and a pioneer developing biofuels as an economically viable alternative to fossil fuels since the introduction of flex-fuel (dual-fuel) vehicles in the country ...View more details