Inorganic Chemicals Market compounds are made up of two or more elements. Exceptions include carbon monoxide, carbon dioxide, carbides, carbonates, and cyanides, which are inorganic substances despite containing carbon. One of the primary drivers of market expansion is predicted to be the rising demand for inorganic chemicals in the fertilizer industry. Furthermore, the market is expected to fuel expansion in emerging economies in the Asia Pacific and the Middle East as a result of tight government regulations and a stagnating economy in industrialized countries in North America and Europe. China and India have low labor costs, making them the favored production centers for global corporations. This lowers the overall cost of the Inorganic Chemicals Market. Market companies are being influenced by rising environmental awareness and the adoption of rigorous legislation to transfer technologies and produce environmentally friendly products.
Inorganic Chemicals Market Taxonomy
On the basis of product type, the global market is classified into:
Ammonia
Chlor alkali
Ammonium nitrate
Ammonium sulfate
Inorganic acid
Sodium hydroxide
Hydrogen peroxide
Oxygen
Nitrogen
Others
On the basis of geography, the global market is classified into:
North America
The
U.S.
Canada
Europe
The
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
GCC Countries
Israel
Rest of the Middle East
Africa
Northern Africa
Central Africa
South Africa
Market Forecast for Inorganic Chemicals – Increased Demand for Ammonia for Agricultural Applications Aiding Market Growth
Over the previous five decades, the population growth has put significant strain on the already overburdened agricultural sector. Furthermore, growing urbanization has resulted in a precipitous decline in farmland, forcing farmers to engage in dual cultivation, which is characterized by the usage of huge quantities of fertilizers to maintain optimum soil fertility. Farmers commonly employ nitrogen-based fertilizers because they are readily available, cost-efficient, and effective in enhancing soil fertility.
Key players in the inorganic chemicals market include Akzo Nobel, BASF SE, Bayer, The Dow Chemicals Company, DuPont, Evonik Industries, Formosa Plastics, Ineos, LG Chem, LyondellBasell Industries, Mitsubishi Chemicals, Sabic, The Royal Dutch Shell, Sinopec, Sumitomo Chemicals. Strategic mergers and acquisitions are the new trends in the industry. For instance, BASF SE and Avantium on March 15, 2016, collaborated to establish the production and marketing of furan dicarboxylic acid and PEF based. Moreover, on May 10, 2016, BASF SE launch a new cross-linking and water-based dispersion coating product.
On the basis of product type, the global market is classified into:
Ammonia
Chlor alkali
Ammonium nitrate
Ammonium sulfate
Inorganic acid
Sodium hydroxide
Hydrogen peroxide
Oxygen
Nitrogen
Others
On the basis of geography, the global market is classified into:
North America
The
U.S.
Canada
Europe
The
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
GCC Countries
Israel
Rest of the Middle East
Africa
Northern Africa
Central Africa
South Africa
Market Forecast for Inorganic Chemicals – Increased Demand for Ammonia for Agricultural Applications Aiding Market Growth
Over the previous five decades, the population growth has put significant strain on the already overburdened agricultural sector. Furthermore, growing urbanization has resulted in a precipitous decline in farmland, forcing farmers to engage in dual cultivation, which is characterized by the usage of huge quantities of fertilizers to maintain optimum soil fertility. Farmers commonly employ nitrogen-based fertilizers because they are readily available, cost-efficient, and effective in enhancing soil fertility.
Key players in the inorganic chemicals market include Akzo Nobel, BASF SE, Bayer, The Dow Chemicals Company, DuPont, Evonik Industries, Formosa Plastics, Ineos, LG Chem, LyondellBasell Industries, Mitsubishi Chemicals, Sabic, The Royal Dutch Shell, Sinopec, Sumitomo Chemicals. Strategic mergers and acquisitions are the new trends in the industry. For instance, BASF SE and Avantium on March 15, 2016, collaborated to establish the production and marketing of furan dicarboxylic acid and PEF based. Moreover, on May 10, 2016, BASF SE launch a new cross-linking and water-based dispersion coating product.
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