Inorganic Chemicals Market Global Trends, Market Share, Company Size, Growth, Opportunities and Market Forecast - 2020 to 2027

Inorganic Chemicals Market Global Trends, Market Share, Company Size, Growth, Opportunities and Market Forecast - 2020 to 2027


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.


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