Chemical Markets Development Trends in Chemical Markets Until 2030

Editor: Marion Henig

By 2030, companies from the various chemical sectors will be engaged in fierce competition for additional market volume worth more than EUR 1 trillion. To do so, they will have to find a strategy that puts them ahead of the competition. These are key findings of the new study entitled "A different world – Chemicals 2030" by Roland Berger Strategy Consultants.

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New study: Chemical markets develop in complex and diverse ways, with shifting demands and large differences between segments and regions. (Picture: Roland Berger)
New study: Chemical markets develop in complex and diverse ways, with shifting demands and large differences between segments and regions. (Picture: Roland Berger)

Munich, Germany – "Despite greater volatility in the chemicals market over the past two years, the global chemicals market will continue to grow," says Alexander Keller, Partner at Roland Berger Strategy Consultants. "Growth will be driven to a disproportionately large extent by the Asian and special chemicals markets, which will also shape the future of the chemicals industry."

Further Relocation to Asia

Over the next 20 years, the chemicals market will more than double from its current EUR 2 trillion to almost EUR 5 trillion. However, at the same time, critical developments will stifle margins and growth rates. According to Keller, "the NAFTA countries and Western Europe in particular will realize annual growth of only about 2%. China and India will remain the countries with the strongest growth. This will lead to a major shift toward Asia."

This trend is highlighted by the fact that currently 43% of the chemical's industry global market volume – worth EUR 2 trillion – is in Asia. "The most profitable high-growth segment will be plastics and specialty chemicals in the Asian market," explains Keller. "Rising Asian demand for chemicals means production will be increasingly moved to countries there."

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