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Consumption of chemicals in 2017 by world region

Global consumption of chemicals by region in 2017 (in billion euros)

This statistic shows the consumption of chemical products worldwide in 2017, distributed by region. In that year, the consumption of chemical products was worth some 637.2 billion euros in Europe. Of that amount, products worth more than 504 billion euros were consumed in the European Union.
Global consumption of chemicals

Chemical consumption worldwide in 2017 accounted for more than 3.54 trillion euros. Products worth more than 2.1 trillion euros of that amount were consumed in Asia, followed by Europe and North America (NAFTA), at 637 billion euros and around 515 billion euros, respectively. Overall, regional chemical consumption is expected to grow most rapidly in Asia in the coming years, as Asia-Pacific is the only region that shows growth in demand for both chemicals and chemical products in a forecast for 2020.

Asia plays a sizable role in the global chemicals market, but China in particular is largely responsible for the recent increases in Asia’s growing exports and consumption of chemicals. In 2016, Chinese chemical consumption accounted for approximately 1.4 trillion euros. This value was more than twice as much as the consumption of chemicals in the United States, while Germany and Japan came in a distant third and fourth, respectively. Germany, the United States, and Belgium and China (tied with 6.9 percent of global exports each) held the leading positions as the countries with the largest share of global chemical exports that year.

The chemical industry worldwide has been on a steady growth track over the last decade, maintaining its revenue at more than five trillion U.S. dollars since 2012. The largest chemical companies in 2017 were mostly based in Germany and the United States. That year, Bayer and BASF were the top chemical companies worldwide, with revenues of around 114 billion U.S. dollars and 90 billion U.S. dollars, respectively.

Global consumption of chemicals by region in 2017 (in billion euros)

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This statistic shows the consumption of chemical products worldwide in 2017, distributed by region. In that year, the consumption of chemical products was worth some 637.2 billion euros in Europe. Of that amount, products worth more than 504 billion euros were consumed in the European Union.
Global consumption of chemicals

Chemical consumption worldwide in 2017 accounted for more than 3.54 trillion euros. Products worth more than 2.1 trillion euros of that amount were consumed in Asia, followed by Europe and North America (NAFTA), at 637 billion euros and around 515 billion euros, respectively. Overall, regional chemical consumption is expected to grow most rapidly in Asia in the coming years, as Asia-Pacific is the only region that shows growth in demand for both chemicals and chemical products in a forecast for 2020.

Asia plays a sizable role in the global chemicals market, but China in particular is largely responsible for the recent increases in Asia’s growing exports and consumption of chemicals. In 2016, Chinese chemical consumption accounted for approximately 1.4 trillion euros. This value was more than twice as much as the consumption of chemicals in the United States, while Germany and Japan came in a distant third and fourth, respectively. Germany, the United States, and Belgium and China (tied with 6.9 percent of global exports each) held the leading positions as the countries with the largest share of global chemical exports that year.

The chemical industry worldwide has been on a steady growth track over the last decade, maintaining its revenue at more than five trillion U.S. dollars since 2012. The largest chemical companies in 2017 were mostly based in Germany and the United States. That year, Bayer and BASF were the top chemical companies worldwide, with revenues of around 114 billion U.S. dollars and 90 billion U.S. dollars, respectively.