France chemical industry is expected to see a CAGR of 2.0% during the period (2019-2025). France is one of the leading economies and technologically advanced nation in Europe. France is the fifth-largest economy across the globe and the third-largest economy in Europe. The chemical industry is a key contributor to the French economy. According to the European Chemical Industry Council (CEFIC) Industry, added value by chemical industry was estimated at around $20.32 billion in 2018, more than 8.0% of the country’s manufacturing added value, ranking chemicals third behind the food and beverages and metallurgy. The chemical industry in France has been noticing the adverse effects of the COVID-19 outbreak. With the widespread of the coronavirus, many production facilities of several end-user industries have been halted.

France chemical industry is segmented into petrochemicals, basic inorganic, polymers, specialty chemicals, consumer chemicals, and others. Based on the segmentation, the petrochemical industry is expected to see a considerable downfall in 2020, due to the COVID-19 pandemic. On the other hand, the consumer chemical industry is least impacted by the substantial demand for soap and detergents even during the pandemic. Therefore, the consumer chemical industry is expected to see the least impact, with a downfall of around 1.5% in 2020, due to the outbreak. Consumer chemical essentially includes cosmetics, vitamins, and health supplements, soaps, detergents, and household chemicals, perfumes, and flavors. The demand for consumer chemicals has increased significantly during the COVID-19 pandemic and to ensure the proper supply of the products related to consumer chemical government is taking essential steps.

The France chemical industry various companies that are affected by the COVID-19 outbreak include Air Liquide, Total Petrochemicals, Kem One, INEOS AG, and others. However, with the outbreak of this pandemic, a light rise in the demand for sanitizing and hygiene materials has been increased to prevent the contamination thereby creating a significant demand for chemicals involved in the healthcare and hygiene products industry. In April 2020 INEOS AG a, one of the leading chemical company announced to open a sanitizer plant in Etain, North-East France. Moreover, the company has also announced that it has met its ten-day target to build a hand sanitizer plant in Lavera France, and has started production of 1 million hand sanitizers a month. 

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the France chemical industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of different regions and countries and the effect of COVID-19 on the chemical industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of France chemical industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting France chemical industry.
• Insights about market determinants which are stimulating France chemical industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.