Inorganic Chemicals Market

Inorganic Chemicals Market - Industry Trends, Outlook,
Regulatory Bodies & Regulations and Key Market Players
Inorganic chemicals are a combination of two or more elements other than
carbon. Carbon monoxide, carbon dioxide, carbides, carbonates, and cyanides
are exceptions, as these are inorganic chemicals despite having carbon. Rising
demand for inorganic chemicals in the fertilizers industry is expected to be one
of the prime factors driving market growth. Moreover, due to stringent
government regulations and stagnant economy in the developed countries of
North America and Europe, the market is estimated to fuel growth of the market
in emerging economies of Asia Pacific and Middle East. Cheap labor costs in
countries such as China and India, makes these the preferred production hubs
for global manufacturers. This helps reduce the overall cost of production of
inorganic chemicals. Increasing environmental consciousness and
implementation of stringent regulations influences market players to switch
technology shifting and producing environment friendly products.
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Inorganic Chemicals Market Challenges – Fluctuating Crude Oil Price and
Stringent Government Regulations
Fluctuating prices of crude oil and natural gas is expected to significantly
dampen growth of inorganic chemicals market. Crude oil and natural gas are the
basic building blocks of numerous inorganic chemicals industry. Moreover, the
Frank R. Lautenberg Chemical Safety for 21st Century Act upon Toxic
Chemicals and Chinese State Environment Protection Administration and
General Administration of Custom has enforced strict regulation upon import
and export of certain hazardous chemicals and pesticides. These are few
challenges for inorganic chemical manufacturing company during the forecast
period.
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 is the new trend in the industry. For instance, BASF
SE and Avantium on March 15, 2016, collaborated to establish production and
marketing of furandicarboxylic acid and PEF based. Moreover, May 10, 2016,
BASF SE launch new cross linking and water based dispersion coating product.
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Inorganic Chemicals Market report categorizes global market by product type, and geography - Industry Trends, Outlook, Regulatory Bodies & Regulations and Key Market Players

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