The North American chemical industry will see a considerable growth of 2.0% during the forecast period. The North American region is dominated by the presence of the manufacturers of basic chemicals and fertilizers. Chemical activities and industrial production are closely tied to the major end markets such as construction and automotive. Increased consumer spending is supporting increased regional production of chemicals in paints/coatings and soaps/detergents industries. The widespread of the COVID-19 has hardly hit the North American region. Due to this, a large number of industries have been impacted. The major chemical companies in the region include BASF SE, DowDuPont, Evonik Industries, and PPG Industries, The Linde Group, and many others. The international operations of these companies were significantly affected by the COVID-19 outbreak.
Browse the full report description of "North American Chemical Market Size, Share & Trends Analysis Report by Type (Petrochemicals, Basic Inorganic, Polymers, Specialty Chemicals, Consumer Chemicals, and Others), Impact of COVID-19 on North American Chemical Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/north-american-chemical-market
Due to this, several businesses have registered negative growth during the forecast times accrediting to the shutdowns of the manufacturing plants and supply chain disruptions. At present, the region has been hit hard by the pandemic, due to which most of the manufacturing plants are shutdown. As a result, there is a high disruption in the supply chain process of chemicals globally. However, some of the companies are struggling to cope with market dynamics, while some companies are experiencing modest growth. For instance, there has been an increase witnessed in the packaging industry, especially in the food and beverage sector, medicines and personal care, and other products to maintain safety and hygiene.
Market Coverage
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Report Elements |
Details |
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Study Period |
2019-2025 |
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Base year |
2018 |
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Forecast period |
2019-2025 |
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Segments Covered |
By Type |
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Countries Covered |
US and Canada |
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Key Companies Profiled |
DuPont De Nemours, Inc.,
Eastman Chemical Co., ExxonMobil
Chemical Co., Inc., The Dow Chemical Co., and Chevron Phillips
Chemical Company LLC |
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected region/segment
o Recommendations
North American Chemical Market – Segmentation
By Type
North American Chemical Market – Segmentation by Geography