Chemicals North America (NAFTA) Industry Guide 2021-2030
The NAFTA Chemicals industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Key Highlights
- The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The chemicals industry within the NAFTA countries had a total market value of $775.5 billion in 2025.The US was the fastest growing country, with a CAGR of 3.9% over the 2021-25 period.
- Within the chemicals industry, the US is the leading country among the NAFTA bloc, with market revenues of $650.4 billion in 2025. This was followed by Mexico and Canada, with a value of $77.4 and $47.6 billion, respectively.
- The US is expected to lead the chemicals industry in the NAFTA bloc, with a value of $784.0 billion in 2030, followed by Mexico and Canada with expected values of $99.1 and $55.8 billion, respectively.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the NAFTA chemicals market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA chemicals market
- Leading company profiles reveal details of key chemicals market players’ NAFTA operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA chemicals market with five year forecasts
- Compares data from the US, Canada and Mexico, alongside individual chapters on each country
- What was the size of the NAFTA chemicals market by value in 2025?
- What will be the size of the NAFTA chemicals market in 2030?
- What factors are affecting the strength of competition in the NAFTA chemicals market?
- How has the market performed over the last five years?
- What are the main segments that make up the NAFTA chemicals market?
1 INTRODUCTION
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA CHEMICALS
2.1. Industry Outlook
3 CHEMICALS IN CANADA
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 MACROECONOMIC INDICATORS
4.1. Country data
5 CHEMICALS IN MEXICO
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 MACROECONOMIC INDICATORS
6.1. Country data
7 CHEMICALS IN THE UNITED STATES
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 MACROECONOMIC INDICATORS
8.1. Country data
9 COMPANY PROFILES
9.1. ExxonMobil Chemical Co
9.2. BASF SE
9.3. China Petroleum Corp.
9.4. Dow Inc
9.5. LG Chem Ltd
9.6. Mitsui Chemicals Inc
9.7. China Petroleum & Chemical Corp
9.8. Reliance Industries Ltd
9.9. Evonik Industries AG
9.10. L'Air Liquide SA
9.11. Solvay SA
9.12. TotalEnergies SE
9.13. Arkema SA
9.14. Lanxess AG
9.15. Henkel AG & Co KGaA
9.16. Dyno Nobel Ltd
9.17. Alpha HPA Ltd
9.18. Rio Tinto
9.19. Orica Ltd
9.20. Braskem SA
9.21. Unipar Carbocloro SA
9.22. Nutrien Ltd
9.23. Methanex Corp
9.24. Nova Chemicals Corp
9.25. PetroChina Co Ltd
9.26. Wanhua Chemical Group Co Ltd
9.27. China National Petroleum Corp
9.28. Gujarat Fluorochemicals Ltd
9.29. Tata Chemicals Ltd
9.30. SRF Ltd
9.31. Pidilite Industries Ltd
9.32. PT Pupuk Indonesia Holding Co
9.33. PT Lautan Luas Tbk
9.34. PT Chandra Asri Pacific Tbk
9.35. Mapei SpA
9.36. Versalis SpA
9.37. Sumitomo Chemical Co Ltd
9.38. Asahi Kasei Corp
9.39. Mitsubishi Chemical Group Corp
9.40. Alpek SAB de CV
9.41. Orbia Advance Corp SAB de CV
9.42. LyondellBasell Industries NV
9.43. Akzo Nobel NV
9.44. DuPont de Nemours Inc
9.45. Jotun AS
9.46. Yara International ASA
9.47. Kemira Oyj
9.48. Omnia Holdings Ltd
9.49. AECI Ltd
9.50. Sasol Ltd
9.51. Lotte Chemical Corp
9.52. SK Innovation Co Ltd
9.53. Hanwha Solutions Corp
9.54. Repsol SA
9.55. Turkiye Petrol Rafinerileri AS
9.56. Sasa Polyester Sanayi AS
9.57. INEOS Ltd
9.58. Victrex Plc
9.59. Johnson Matthey Plc
9.60. Croda International Plc
9.61. Sibur Holding
9.62. Acron
9.63. Phosagro
10 APPENDIX
10.1. Methodology
10.2. About MarketLine
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA CHEMICALS
2.1. Industry Outlook
3 CHEMICALS IN CANADA
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 MACROECONOMIC INDICATORS
4.1. Country data
5 CHEMICALS IN MEXICO
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 MACROECONOMIC INDICATORS
6.1. Country data
7 CHEMICALS IN THE UNITED STATES
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 MACROECONOMIC INDICATORS
8.1. Country data
9 COMPANY PROFILES
9.1. ExxonMobil Chemical Co
9.2. BASF SE
9.3. China Petroleum Corp.
9.4. Dow Inc
9.5. LG Chem Ltd
9.6. Mitsui Chemicals Inc
9.7. China Petroleum & Chemical Corp
9.8. Reliance Industries Ltd
9.9. Evonik Industries AG
9.10. L'Air Liquide SA
9.11. Solvay SA
9.12. TotalEnergies SE
9.13. Arkema SA
9.14. Lanxess AG
9.15. Henkel AG & Co KGaA
9.16. Dyno Nobel Ltd
9.17. Alpha HPA Ltd
9.18. Rio Tinto
9.19. Orica Ltd
9.20. Braskem SA
9.21. Unipar Carbocloro SA
9.22. Nutrien Ltd
9.23. Methanex Corp
9.24. Nova Chemicals Corp
9.25. PetroChina Co Ltd
9.26. Wanhua Chemical Group Co Ltd
9.27. China National Petroleum Corp
9.28. Gujarat Fluorochemicals Ltd
9.29. Tata Chemicals Ltd
9.30. SRF Ltd
9.31. Pidilite Industries Ltd
9.32. PT Pupuk Indonesia Holding Co
9.33. PT Lautan Luas Tbk
9.34. PT Chandra Asri Pacific Tbk
9.35. Mapei SpA
9.36. Versalis SpA
9.37. Sumitomo Chemical Co Ltd
9.38. Asahi Kasei Corp
9.39. Mitsubishi Chemical Group Corp
9.40. Alpek SAB de CV
9.41. Orbia Advance Corp SAB de CV
9.42. LyondellBasell Industries NV
9.43. Akzo Nobel NV
9.44. DuPont de Nemours Inc
9.45. Jotun AS
9.46. Yara International ASA
9.47. Kemira Oyj
9.48. Omnia Holdings Ltd
9.49. AECI Ltd
9.50. Sasol Ltd
9.51. Lotte Chemical Corp
9.52. SK Innovation Co Ltd
9.53. Hanwha Solutions Corp
9.54. Repsol SA
9.55. Turkiye Petrol Rafinerileri AS
9.56. Sasa Polyester Sanayi AS
9.57. INEOS Ltd
9.58. Victrex Plc
9.59. Johnson Matthey Plc
9.60. Croda International Plc
9.61. Sibur Holding
9.62. Acron
9.63. Phosagro
10 APPENDIX
10.1. Methodology
10.2. About MarketLine
LIST OF TABLES
Table 1: NAFTA countries chemicals industry, revenue ($bn), 2021-30
Table 2: NAFTA countries chemicals industry, revenue ($bn), 2021-25
Table 3: NAFTA countries chemicals industry forecast, revenue ($bn), 2025-30
Table 4: Canada chemicals market value: $ billion, 2020-25
Table 5: Canada chemicals market category segmentation: % share, by value, 2020-25
Table 6: Canada chemicals market category segmentation: $ billion, 2020-25
Table 7: Canada chemicals market geography segmentation: $ billion, 2025
Table 8: Canada chemicals market value forecast: $ billion, 2025-30
Table 9: Canada Size of Population (Million), 2021-25
Table 10: Canada Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 11: Canada GDP (Current Prices, $ Billion), 2021-25
Table 12: Canada Inflation, 2021-25
Table 13: Canada Consumer Price Index (Absolute), 2021-25
Table 14: Canada Exchange Rate, 2020-25
Table 15: Mexico chemicals market value: $ billion, 2020-25
Table 16: Mexico chemicals market category segmentation: % share, by value, 2020-25
Table 17: Mexico chemicals market category segmentation: $ billion, 2020-25
Table 18: Mexico chemicals market geography segmentation: $ billion, 2025
Table 19: Mexico chemicals market value forecast: $ billion, 2025-30
Table 20: Mexico Size of Population (Million), 2021-25
Table 21: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 22: Mexico GDP (Current Prices, $ Billion), 2021-25
Table 23: Mexico Inflation, 2021-25
Table 24: Mexico Consumer Price Index (Absolute), 2021-25
Table 25: Mexico Exchange Rate, 2020-25
Table 26: United States chemicals market value: $ billion, 2020-25
Table 27: United States chemicals market category segmentation: % share, by value, 2020-25
Table 28: United States chemicals market category segmentation: $ billion, 2020-25
Table 29: United States chemicals market geography segmentation: $ billion, 2025
Table 30: United States chemicals market value forecast: $ billion, 2025-30
Table 31: United States Size of Population (Million), 2021-25
Table 32: United States Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 33: United States GDP (Current Prices, $ Billion), 2021-25
Table 34: United States Inflation, 2021-25
Table 35: United States Consumer Price Index (Absolute), 2021-25
Table 36: United States Exchange Rate, 2020-25
Table 1: NAFTA countries chemicals industry, revenue ($bn), 2021-30
Table 2: NAFTA countries chemicals industry, revenue ($bn), 2021-25
Table 3: NAFTA countries chemicals industry forecast, revenue ($bn), 2025-30
Table 4: Canada chemicals market value: $ billion, 2020-25
Table 5: Canada chemicals market category segmentation: % share, by value, 2020-25
Table 6: Canada chemicals market category segmentation: $ billion, 2020-25
Table 7: Canada chemicals market geography segmentation: $ billion, 2025
Table 8: Canada chemicals market value forecast: $ billion, 2025-30
Table 9: Canada Size of Population (Million), 2021-25
Table 10: Canada Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 11: Canada GDP (Current Prices, $ Billion), 2021-25
Table 12: Canada Inflation, 2021-25
Table 13: Canada Consumer Price Index (Absolute), 2021-25
Table 14: Canada Exchange Rate, 2020-25
Table 15: Mexico chemicals market value: $ billion, 2020-25
Table 16: Mexico chemicals market category segmentation: % share, by value, 2020-25
Table 17: Mexico chemicals market category segmentation: $ billion, 2020-25
Table 18: Mexico chemicals market geography segmentation: $ billion, 2025
Table 19: Mexico chemicals market value forecast: $ billion, 2025-30
Table 20: Mexico Size of Population (Million), 2021-25
Table 21: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 22: Mexico GDP (Current Prices, $ Billion), 2021-25
Table 23: Mexico Inflation, 2021-25
Table 24: Mexico Consumer Price Index (Absolute), 2021-25
Table 25: Mexico Exchange Rate, 2020-25
Table 26: United States chemicals market value: $ billion, 2020-25
Table 27: United States chemicals market category segmentation: % share, by value, 2020-25
Table 28: United States chemicals market category segmentation: $ billion, 2020-25
Table 29: United States chemicals market geography segmentation: $ billion, 2025
Table 30: United States chemicals market value forecast: $ billion, 2025-30
Table 31: United States Size of Population (Million), 2021-25
Table 32: United States Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 33: United States GDP (Current Prices, $ Billion), 2021-25
Table 34: United States Inflation, 2021-25
Table 35: United States Consumer Price Index (Absolute), 2021-25
Table 36: United States Exchange Rate, 2020-25
LIST OF FIGURES
Figure 1: NAFTA countries chemicals industry, revenue ($bn), 2021-30
Figure 2: NAFTA countries chemicals industry, revenue ($bn), 2021-25
Figure 3: NAFTA countries chemicals industry forecast, revenue ($bn), 2025-30
Figure 4: Canada chemicals market value: $ billion, 2020-25
Figure 5: Canada chemicals market category segmentation: $ billion, 2020-25
Figure 6: Canada chemicals market geography segmentation: % share, by value, 2025
Figure 7: Canada chemicals market value forecast: $ billion, 2025-30
Figure 8: Forces driving competition in the chemicals market in Canada, 2025
Figure 9: Drivers of buyer power in the chemicals market in Canada, 2025
Figure 10: Drivers of supplier power in the chemicals market in Canada, 2025
Figure 11: Factors influencing the likelihood of new entrants in the chemicals market in Canada, 2025
Figure 12: Factors influencing the threat of substitutes in the chemicals market in Canada, 2025
Figure 13: Drivers of degree of rivalry in the chemicals market in Canada, 2025
Figure 14: Mexico chemicals market value: $ billion, 2020-25
Figure 15: Mexico chemicals market category segmentation: $ billion, 2020-25
Figure 16: Mexico chemicals market geography segmentation: % share, by value, 2025
Figure 17: Mexico chemicals market value forecast: $ billion, 2025-30
Figure 18: Forces driving competition in the chemicals market in Mexico, 2025
Figure 19: Drivers of buyer power in the chemicals market in Mexico, 2025
Figure 20: Drivers of supplier power in the chemicals market in Mexico, 2025
Figure 21: Factors influencing the likelihood of new entrants in the chemicals market in Mexico, 2025
Figure 22: Factors influencing the threat of substitutes in the chemicals market in Mexico, 2025
Figure 23: Drivers of degree of rivalry in the chemicals market in Mexico, 2025
Figure 24: United States chemicals market value: $ billion, 2020-25
Figure 25: United States chemicals market category segmentation: $ billion, 2020-25
Figure 26: United States chemicals market geography segmentation: % share, by value, 2025
Figure 27: United States chemicals market value forecast: $ billion, 2025-30
Figure 28: Forces driving competition in the chemicals market in the United States, 2025
Figure 29: Drivers of buyer power in the chemicals market in the United States, 2025
Figure 30: Drivers of supplier power in the chemicals market in the United States, 2025
Figure 31: Factors influencing the likelihood of new entrants in the chemicals market in the United States, 2025
Figure 32: Factors influencing the threat of substitutes in the chemicals market in the United States, 2025
Figure 33: Drivers of degree of rivalry in the chemicals market in the United States, 2025
Figure 1: NAFTA countries chemicals industry, revenue ($bn), 2021-30
Figure 2: NAFTA countries chemicals industry, revenue ($bn), 2021-25
Figure 3: NAFTA countries chemicals industry forecast, revenue ($bn), 2025-30
Figure 4: Canada chemicals market value: $ billion, 2020-25
Figure 5: Canada chemicals market category segmentation: $ billion, 2020-25
Figure 6: Canada chemicals market geography segmentation: % share, by value, 2025
Figure 7: Canada chemicals market value forecast: $ billion, 2025-30
Figure 8: Forces driving competition in the chemicals market in Canada, 2025
Figure 9: Drivers of buyer power in the chemicals market in Canada, 2025
Figure 10: Drivers of supplier power in the chemicals market in Canada, 2025
Figure 11: Factors influencing the likelihood of new entrants in the chemicals market in Canada, 2025
Figure 12: Factors influencing the threat of substitutes in the chemicals market in Canada, 2025
Figure 13: Drivers of degree of rivalry in the chemicals market in Canada, 2025
Figure 14: Mexico chemicals market value: $ billion, 2020-25
Figure 15: Mexico chemicals market category segmentation: $ billion, 2020-25
Figure 16: Mexico chemicals market geography segmentation: % share, by value, 2025
Figure 17: Mexico chemicals market value forecast: $ billion, 2025-30
Figure 18: Forces driving competition in the chemicals market in Mexico, 2025
Figure 19: Drivers of buyer power in the chemicals market in Mexico, 2025
Figure 20: Drivers of supplier power in the chemicals market in Mexico, 2025
Figure 21: Factors influencing the likelihood of new entrants in the chemicals market in Mexico, 2025
Figure 22: Factors influencing the threat of substitutes in the chemicals market in Mexico, 2025
Figure 23: Drivers of degree of rivalry in the chemicals market in Mexico, 2025
Figure 24: United States chemicals market value: $ billion, 2020-25
Figure 25: United States chemicals market category segmentation: $ billion, 2020-25
Figure 26: United States chemicals market geography segmentation: % share, by value, 2025
Figure 27: United States chemicals market value forecast: $ billion, 2025-30
Figure 28: Forces driving competition in the chemicals market in the United States, 2025
Figure 29: Drivers of buyer power in the chemicals market in the United States, 2025
Figure 30: Drivers of supplier power in the chemicals market in the United States, 2025
Figure 31: Factors influencing the likelihood of new entrants in the chemicals market in the United States, 2025
Figure 32: Factors influencing the threat of substitutes in the chemicals market in the United States, 2025
Figure 33: Drivers of degree of rivalry in the chemicals market in the United States, 2025
