Summary
Chemicals in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Chinese chemicals market recorded revenues of $2,597.3 billion in 2024, representing a compound annual growth rate (CAGR) of 8.2% between 2019 and 2024.
- The commodity chemicals segment accounted for the market's largest proportion in 2024, with total revenues of $1,337.6 billion, equivalent to 51.5% of the market's overall value.
- In 2024, China’s chemicals market grew by 7.3%, largely driven by increased GDP, which boosted industrial activity, infrastructure development, and consumer demand. For instance, according to the National Bureau of Statistics of China, the real GDP growth of China in 2024 reached 4.9%. 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 China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the chemicals market in China
- 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 China chemicals market with five year forecasts
Reasons to Buy
- What was the size of the China chemicals market by value in 2024?
- What will be the size of the China chemicals market in 2029?
- What factors are affecting the strength of competition in the China chemicals market?
- How has the market performed over the last five years?
- What are the main segments that make up China's chemicals market?
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Table of Contents
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. PetroChina Co Ltd
8.2. China Petroleum & Chemical Corp
8.3. Wanhua Chemical Group Co Ltd
8.4. China National Petroleum Corp
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: China chemicals market value: $ billion, 2019-24
Table 2: China chemicals market category segmentation: % share, by value, 2019-24
Table 3: China chemicals market category segmentation: $ billion, 2019-24
Table 4: China chemicals market geography segmentation: $ billion, 2024
Table 5: China chemicals market value forecast: $ billion, 2024-29
Table 6: PetroChina Co Ltd: Key Facts
Table 7: PetroChina Co Ltd: Annual Financial Ratios
Table 8: PetroChina Co Ltd: Key Employees
Table 9: China Petroleum & Chemical Corp: Key Facts
Table 10: China Petroleum & Chemical Corp: Annual Financial Ratios
Table 11: China Petroleum & Chemical Corp: Key Employees
Table 12: Wanhua Chemical Group Co Ltd: Key Facts
Table 13: Wanhua Chemical Group Co Ltd: Annual Financial Ratios
Table 14: Wanhua Chemical Group Co Ltd: Key Employees
Table 15: China National Petroleum Corp: Key Facts
Table 16: China National Petroleum Corp: Key Employees
Table 17: China Size of Population (Million), 2020-24
Table 18: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 19: China GDP (Current Prices, $ Billion), 2020-24
Table 20: China Inflation, 2020-24
Table 21: China Consumer Price Index (Absolute), 2020-24
Table 22: China Exchange Rate, 2019-24
List of Figures
Figure 1: China chemicals market value: $ billion, 2019-24
Figure 2: China chemicals market category segmentation: $ billion, 2019-24
Figure 3: China chemicals market geography segmentation: % share, by value, 2024
Figure 4: China chemicals market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the chemicals market in China, 2024
Figure 6: Drivers of buyer power in the chemicals market in China, 2024
Figure 7: Drivers of supplier power in the chemicals market in China, 2024
Figure 8: Factors influencing the likelihood of new entrants in the chemicals market in China, 2024
Figure 9: Factors influencing the threat of substitutes in the chemicals market in China, 2024
Figure 10: Drivers of degree of rivalry in the chemicals market in China, 2024
