2010 Chemicals Research Review
The global agrochemicals market was $88.5 billion in 2007 and is expected to reach $196.1 billion in 2014, with a compound annual growth rate (CAGR) of 10.4% from 2009 to 2014. Factors such as global warming, soil erosion by rain, and wind erosion are boosting the need for external nutrients. Hence, fertilizers are found to be the dominating segment in the agrochemicals market. The market for fertilizers was estimated at $48.7 billion in 2007 and is expected to reach $117.8 billion in 2014, for a 5-year CAGR of 11.5% from 2009 to 2014.
The global market for ozone technology is estimated at $557 million in 2010 and is increasing at a compound annual growth rate (CAGR) of about 8.1% during the 5-year forecast period. This figure is much higher than the 4.2% to 4.3% world economic growth rate predicted by the International Monetary Fund for the next few years. Asia is forecast to lead the way, with a growth rate of nearly 9%.
The global market for energy and environmental catalysts was worth an estimated $15.1 billion in 2009. The market is projected to grow to more than $16.3 billion in 2010 and nearly $22.5 billion in 2015 at a compound annual growth rate (CAGR) of 6.6% from 2010 to 2015. Refinery catalysts are projected to lose market share from 2009 to 2015 as other energy applications, such as biofuels, consume increasing amounts of catalysts. However, refining will still account for nearly 60% of the energy catalysts market in 2015.
The global chemicals industry provides basic and advanced materials to every other manufacturing industry as well as a host of service industries. Technology advances in chemicals enable new applications to be created, new markets to be penetrated, and new manufacturing economics to be achieved. Chemicals and their downstream products have been raising the standard of living on the planet for centuries, and will continue to do so in the future.
This 2010 Chemical Research Review includes excerpts from the following reports:
- Catalysts for Environmental and Energy Applications (CHM020D)
- Biopesticides: The Global Market (CHM029C)
- Ozone Generation: Technologies, Markets, and Players (CHM044C)
- Adhesives and Sealants/Joining and Fastening (CHM048B)
- Global Markets for Agrochemicals (CHM054A)
- Yeasts, Yeast Extracts, Autolysates and Related Products: The Global Market (CHM053A).
We hope you find this Research Review informative, and we look forward to serving your market intelligence needs in the future.
Kevin R. Fitzgerald