Market News
China Chemical Manufacturers Industry Report
Published:2011-07-25 Source:Huaran Consulting
Market definition
The chemical manufacturers industry is defined as the total production of chemicals manufactured in the stated country or region.
These products may be sold in the domestic market or exported, with all production valued at ex-manufacturer prices.
Industry segments are basic chemicals, specialty/fine chemicals, pharmaceutical products, and fertilizer and agrochemicals.
The basic chemicals segments includes commodity inorganic and organic products (including
petrochemicals), plastic resins, and similar materials generally produced in high volume and intended as the starting materials for subsequent processing. It excludes fertilizers, which are classed in the agricultural segment.
The specialty and fine chemicals segment includes products such as additives, paints, coating,
fragrances, soaps, and detergents.
The pharmaceutical product segment includes medicinal active ingredients and formulations.
The fertilizer and agrochemical segment includes chemical fertilizers, herbicides, insecticides, and other substances used in agriculture.
Research highlights
The Chinese chemical manufacturing industry had total revenue of $783.6 billion in 2010, representing a compound annual growth rate (CAGR) of 20.2% for the period spanning 2006-2010.
The basic chemicals segment was the industry's most lucrative in 2010, with total revenue of $378.7 billion, equivalent to 48.3% of the industry's overall value.
The performance of the industry is forecast to decelerate, with an anticipated CAGR of 14% for the five year period 2010-2015, which is expected to drive the industry to a value of $1,511.1 billion by the end of 2015.
Market analysis
The Chinese chemical manufacturing industry has experienced sensational rates of double digit annualized growth up to 2010. This trend is forecast to continue over the following years up to and including 2015.
The Chinese chemical manufacturing industry had total revenue of $783.6 billion in 2010, representing a compound annual growth rate (CAGR) of 20.2% for the period spanning 2006-2010. In comparison, the Japanese and Indian industries grew with CAGRs of 1.4% and 12.2% respectively, over the same period, to reach respective values of $314.9 billion and $89.1 billion in 2010.
The basic chemicals segment was the industry's most lucrative in 2010, with total revenue of $378.7 billion, equivalent to 48.3% of the industry's overall value. The fine/specialty chemicals segment contributed revenue of $189.3 billion in 2010, equating to 24.2% of the industry's aggregate value.
The performance of the industry is forecast to decelerate, with an anticipated CAGR of 14% for the five year period 2010-2015, which is expected to drive the industry to a value of $1,511.1 billion by the end of 2015. Comparatively, the Japanese and Indian industries will grow with CAGRs of 5.6% and 11.1% respectively, over the same period, to reach respective values of $412.9 billion and $150.8 billion in 2015.