Chemicals in Singapore
Chemicals in Singapore
Summary
Chemicals in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Chemicals market is segmented into commodity chemicals, specialty chemicals, agriculture chemicals, and others. Market values represent country's consumption of chemical products at the producer's selling price (PSP).
- The Singaporean chemicals market recorded revenues of $48.5 billion in 2024, representing a compound annual growth rate (CAGR) of 5.3% between 2019 and 2024.
- The commodity chemicals segment accounted for the market's largest proportion in 2024, with total revenues of $28.9 billion, equivalent to 59.5% of the market's overall value.
- In 2024, Singapore’s chemicals market grew by 2.9%, largely driven by increased GDP, which boosted industrial activity, infrastructure development, and consumer demand. For instance, according to the Department of Statistics, Singapore's real GDP growth in 2024 reached 3.7%, compared to 1.1% in 2023. This economic expansion led to higher consumption of chemicals across manufacturing, agriculture, and consumer goods sectors.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the chemicals market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the chemicals market in Singapore
- Leading company profiles reveal details of key chemicals market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore chemicals market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Singapore chemicals market by value in 2024?
- What will be the size of the Singapore chemicals market in 2029?
- What factors are affecting the strength of competition in the Singapore chemicals market?
- How has the market performed over the last five years?
- Who are the top competitors in Singapore's chemicals market?
Companies Mentioned
Evonik Industries AG
BASF SE
ExxonMobil Chemical Co
Dow Inc
Summary
Chemicals in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Chemicals market is segmented into commodity chemicals, specialty chemicals, agriculture chemicals, and others. Market values represent country's consumption of chemical products at the producer's selling price (PSP).
- The Singaporean chemicals market recorded revenues of $48.5 billion in 2024, representing a compound annual growth rate (CAGR) of 5.3% between 2019 and 2024.
- The commodity chemicals segment accounted for the market's largest proportion in 2024, with total revenues of $28.9 billion, equivalent to 59.5% of the market's overall value.
- In 2024, Singapore’s chemicals market grew by 2.9%, largely driven by increased GDP, which boosted industrial activity, infrastructure development, and consumer demand. For instance, according to the Department of Statistics, Singapore's real GDP growth in 2024 reached 3.7%, compared to 1.1% in 2023. This economic expansion led to higher consumption of chemicals across manufacturing, agriculture, and consumer goods sectors.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the chemicals market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the chemicals market in Singapore
- Leading company profiles reveal details of key chemicals market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore chemicals market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Singapore chemicals market by value in 2024?
- What will be the size of the Singapore chemicals market in 2029?
- What factors are affecting the strength of competition in the Singapore chemicals market?
- How has the market performed over the last five years?
- Who are the top competitors in Singapore's chemicals market?
Companies Mentioned
Evonik Industries AG
BASF SE
ExxonMobil Chemical Co
Dow Inc
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strengths of the players?
7.3. What are the recent developments?
8 COMPANY PROFILES
8.1. Evonik Industries AG
8.2. BASF SE
8.3. ExxonMobil Chemical Co
8.4. Dow Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Who are the leading players?
7.2. What are the strengths of the players?
7.3. What are the recent developments?
8 COMPANY PROFILES
8.1. Evonik Industries AG
8.2. BASF SE
8.3. ExxonMobil Chemical Co
8.4. Dow Inc
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Singapore chemicals market value: $ billion, 2019-24
Table 2: Singapore chemicals market category segmentation: % share, by value, 2019-24
Table 3: Singapore chemicals market category segmentation: $ billion, 2019-24
Table 4: Singapore chemicals market geography segmentation: $ billion, 2024
Table 5: Singapore chemicals market value forecast: $ billion, 2024-29
Table 6: Evonik Industries AG: Key Facts
Table 7: Evonik Industries AG: Annual Financial Ratios
Table 8: Evonik Industries AG: Key Employees
Table 9: Evonik Industries AG: Key Employees Continued
Table 10: BASF SE: Key Facts
Table 11: BASF SE: Annual Financial Ratios
Table 12: BASF SE: Key Employees
Table 13: ExxonMobil Chemical Co: Key Facts
Table 14: ExxonMobil Chemical Co: Key Employees
Table 15: Dow Inc: Key Facts
Table 16: Dow Inc: Annual Financial Ratios
Table 17: Dow Inc: Key Employees
Table 18: Singapore Size of Population (Million), 2020-24
Table 19: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 21: Singapore Inflation, 2020-24
Table 22: Singapore Consumer Price Index (Absolute), 2020-24
Table 23: Singapore Exchange Rate, 2019-24
Table 1: Singapore chemicals market value: $ billion, 2019-24
Table 2: Singapore chemicals market category segmentation: % share, by value, 2019-24
Table 3: Singapore chemicals market category segmentation: $ billion, 2019-24
Table 4: Singapore chemicals market geography segmentation: $ billion, 2024
Table 5: Singapore chemicals market value forecast: $ billion, 2024-29
Table 6: Evonik Industries AG: Key Facts
Table 7: Evonik Industries AG: Annual Financial Ratios
Table 8: Evonik Industries AG: Key Employees
Table 9: Evonik Industries AG: Key Employees Continued
Table 10: BASF SE: Key Facts
Table 11: BASF SE: Annual Financial Ratios
Table 12: BASF SE: Key Employees
Table 13: ExxonMobil Chemical Co: Key Facts
Table 14: ExxonMobil Chemical Co: Key Employees
Table 15: Dow Inc: Key Facts
Table 16: Dow Inc: Annual Financial Ratios
Table 17: Dow Inc: Key Employees
Table 18: Singapore Size of Population (Million), 2020-24
Table 19: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 21: Singapore Inflation, 2020-24
Table 22: Singapore Consumer Price Index (Absolute), 2020-24
Table 23: Singapore Exchange Rate, 2019-24
LIST OF FIGURES
Figure 1: Singapore chemicals market value: $ billion, 2019-24
Figure 2: Singapore chemicals market category segmentation: $ billion, 2019-24
Figure 3: Singapore chemicals market geography segmentation: % share, by value, 2024
Figure 4: Singapore chemicals market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the chemicals market in Singapore, 2024
Figure 6: Drivers of buyer power in the chemicals market in Singapore, 2024
Figure 7: Drivers of supplier power in the chemicals market in Singapore, 2024
Figure 8: Factors influencing the likelihood of new entrants in the chemicals market in Singapore, 2024
Figure 9: Factors influencing the threat of substitutes in the chemicals market in Singapore, 2024
Figure 10: Drivers of degree of rivalry in the chemicals market in Singapore, 2024
Figure 1: Singapore chemicals market value: $ billion, 2019-24
Figure 2: Singapore chemicals market category segmentation: $ billion, 2019-24
Figure 3: Singapore chemicals market geography segmentation: % share, by value, 2024
Figure 4: Singapore chemicals market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the chemicals market in Singapore, 2024
Figure 6: Drivers of buyer power in the chemicals market in Singapore, 2024
Figure 7: Drivers of supplier power in the chemicals market in Singapore, 2024
Figure 8: Factors influencing the likelihood of new entrants in the chemicals market in Singapore, 2024
Figure 9: Factors influencing the threat of substitutes in the chemicals market in Singapore, 2024
Figure 10: Drivers of degree of rivalry in the chemicals market in Singapore, 2024
