Chemical Industry

The Asia-Pacific region has emerged as the undisputed leader in the global chemical industry, accounting for over 60% of global chemical sales. This comprehensive analysis examines the key drivers behind this dominance, including strategic industrialization policies, competitive production costs, and evolving trade dynamics that have reshaped the international chemical landscape.

The global bio-based chemicals market has experienced remarkable growth, reaching approximately $165 billion in 2025, with a compound annual growth rate of 12.8% since 2022.

Representatives Dan Newhouse and Terri Sewell have reintroduced bipartisan legislation to eliminate the Superfund chemical excise tax, which has increased costs for American manufacturers since 2022.

Braven Environmental secures a tax agreement for a new chemical recycling facility in Jefferson County, Texas, with plans to process 67,000 tons of plastic waste annually.

Analysis of the global 2-Mercaptoethanol market showing expected CAGR of 5.50% through 2032, driven by biotechnology applications and pharmaceutical research demands.