Chemical Industry Set to Grow at 3.4% CAGR Through 2034 Amid Rising Demand for Sustainable and Specialty Chemicals

Chemical Industry Set to Grow at 3.4% CAGR Through 2034 Amid Rising Demand for Sustainable and Specialty Chemicals – iCrowdResearch

The Chemical Industry market was valued at USD 5.14 billion in 2024 and is projected to reach USD 7.20 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.4% during the forecast period from 2025 to 2034. The market is expected to expand from USD 5.32 billion in 2025 The global chemical industry serves as the backbone of numerous sectors, ranging […]

Chemical Industry Set to Grow at 3.4% CAGR Through 2034 Amid Rising Demand for Sustainable and Specialty Chemicals

The Chemical Industry market was valued at USD 5.14 billion in 2024 and is projected to reach USD 7.20 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.4% during the forecast period from 2025 to 2034. The market is expected to expand from USD 5.32 billion in 2025 The global chemical industry serves as the backbone of numerous sectors, ranging from agriculture and construction to electronics, automotive, pharmaceuticals, and …

The president of the German Chemical Industry Association (VCI), Markus Steilemann, has warned against importing Russian gas again once peace is restored in Ukraine. "Cheap gas from Russia was a sweet poison," he told the "Süddeutsche Zeitung" (Wednesday edition). "We have seen how the Russian government used our dependence against us. We must learn from this." Steilemann's company, the former DAX member Covestro, is currently being taken over b…

After a long descent, the third largest German industry is going up again. Chemistry is hoping for the new federal government. However, the greatest danger is lurking abroad.