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Commodity chemicals (or bulk commodities or bulk chemicals) are a group of chemicals that are made on a very large scale to satisfy global markets.

 

What is the difference between commodity and specialty chemicals?

Specialty chemicals are priced higher due to their specific formulations and applications. Commodity chemicals are sold at market-competitive prices. These prices are often affected by market trends, exports, and imports.

 

What are the most important commodity chemicals?

These chemicals include staples such as sulfuric acid, ammonia, chlorine, and ethylene, which are essential for various industries, including agriculture, construction, and manufacturing.

 

What are the top 4 chemicals produced worldwide?

The Top 10 Industrial Chemicals

• Sulfuric Acid (H2SO4)
• Nitrogen (N2)
• Ethylene (C2H4)
• Oxygen (O2)
• Propylene (C3H6)
• Chlorine (Cl2)
• Ethylene Dichloride (C2H 2Cl2)
• Phosphoric Acid (H3PO4)
• Ammonia (NH3)
• Sodium Hydroxide (NaOH)

 

How big is the commodity chemicals market?

Commodity Chemicals Market size was valued at USD 697.18 Billion in 2023 and is projected to reach USD 715.9 Billion by 2030, growing at a CAGR of 7.01 % during the forecast period 2024-2030.

 

What comes under commodity chemicals?

Commodity chemicals are produced to supply diverse but usually well-defined industrial needs. Some major sectors and their components are: plastics, synthetic fibers, synthetic rubber. dyes, pigments, paints, coatings.

 

Who is the king of chemicals?

Sulphuric acid

Hence, Sulphuric acid ( H 2 SO 4 ) is known as king of chemicals.

 

What is the most sold chemical?

Five of the most common industrial chemicals include sulphuric acid, sodium hydroxide, nitrogen, propylene and ethylene. Industrial chemicals are used to manufacture many in-demand industrial goods, such as distilled petroleum products, plastics, inks, paints, adhesives, cosmetics, and soaps.

 

Which chemical is in high demand?

Inorganic Chemicals: An inorganic chemicals segment has high demand and is most opportunistic for India. Its various sub-segments, like Fluorine, Sodium, and caustic, are expected to grow at a CAGR of 10% by 2040.