Global #chemical industry will grow from USD 6,182 billion in 2024 to USD 6,324 billion by 2025 at a YoY increase of 2.3%. Download Full Report PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89294716 Browse 200 market data Tables and 150 Figures spread through 180 Pages and in-depth TOC on "Global Chemical Industry Outlook 2025" The global chemical industry is entering 2025 with a positive outlook. The industry has faced multiple challenge in 2023 such as unstable energy prices, increasing feedstock prices, and geopolitical tensions such as Russia-Ukranian war These factors led to decline in the production in 2023 due to which the global chemical out increased marginally only. However, in 2024, a recovering trend took shape, fueled by a synergy of lower energy prices, and renewed demand from crucial sectors such as semiconductors and automotive production. The American Chemistry Council projected a 3.4% increase in 2024 production, with this growth rate expected to be equivalent in 2025; this is a positive trend from the market dynamics perspective. Asia Pacific will grow at highest CAGR during the forecast period. The Asia-Pacific region is one of the most rapidly expanding markets within the global chemical industry because of the high expansion in the industrial base, a higher level of urbanization, and greater demand for chemicals in all the sectors including automotive, construction, electronics, and healthcare. These countries also benefit from their robust manufacturing capabilities, vast availability of raw materials, and inexpensive labor forces. Moreover, the growing population and improving standards of living boost the need for consumer goods which results into increased chemical consumption. Investment in infrastructure, technological advance, and supportive government policy are factors that drive this economy forward to make the region one of the key hubs in chemical production and consumption in 2025. Major players operating in the global chemical industry market are BASF SE (Germany), Dow Inc. (USA), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), ExxonMobil (USA), Royal Dutch Shell (Netherlands/UK), DuPont (USA), LyondellBasell Industries (Netherlands/USA), Mitsubishi Chemical Holdings Corporation (Japan), INEOS (Switzerland/UK), Sumitomo Chemical Co., Ltd. (Japan), LG Chem (South Korea) and Formosa Plastics Corporation (Taiwan). Don’t miss out on business opportunities in Chemical Industry Outlook. Speak to our analyst and gain crucial industry insights that will help your business grow. Read More Context at https://www.marketsandmarkets.com/Market-Reports/global-chemical-industry-outlook-89294716.html #business #chemical #chemicals