Revenue of the chemical industry worldwide 2002-2019

In 2019, the chemical industry’s total worldwide revenue stood at some 3.94 trillion U.S. dollars. Chemical industry revenues reached a record high in 2014, at a total of 5.4 trillion U.S. dollars worldwide.

The chemical industry of today

The world’s chemical industry consists of the companies that produce industrial chemicals by converting raw materials such as fossil fuels, minerals and metals, and water into thousands of different products. The chemical industry overlaps with the plastic industry, as the majority of chemical companies are also plastic producers.

Industry leaders: segmental and regional perspective

The chemical industry plays an important role in the global economy. Over the three years from 2021 to 2024, the industry is expected to grow in every segment, with overall industry growth expected to be 1.8 percent in 2024. Basic chemicals are expected to see the largest growth of any chemical segment, at 2.1 percent forecast for 2024. Regionally speaking, Asia has the largest share of the global chemicals market by far. It has consistently accounted for more than 50 percent of the global chemicals market since 2012. Accordingly, Asian chemical companies also hold prominent places: based on net income, the world’s leading chemical company as of 2019 was Japan’s Shin-Etsu Chemical

Total revenue of the global chemical industry from 2002 to 2019

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Source

Release date

2020

Region

Worldwide

Survey time period

2002 to 2019

Supplementary notes

The sales data is derived by subtracting shipments from exports and adding imports. It is equivalent to apparent consumption.
The pharmaceutical sector is no longer included in these figures as of the 2018 edition of the report.

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Statistics on "Chemical industry worldwide"

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