Global Chemicals Market to Reach $7.59 Trillion by 2030, Driven by Green Initiatives and Economic Growth
The global chemicals market is projected for robust growth, expanding from $5.69 trillion in 2026 to $7.59 trillion by 2030, with a 7.5% CAGR. Key drivers include increased industrial manufacturing, construction projects, rising agrochemical demand, and a strategic shift towards green and bio-based chemicals. Advanced manufacturing, digital optimization, and stricter environmental regulations will also fuel expansion. Asia-Pacific remains the leading regional market, closely followed by North America, underlining the sector's strong link to global economic development.
The Business Research Company's report forecasts significant expansion for the global chemicals market, anticipating a rise from $5,332.35 billion in 2025 to $5,686.39 billion in 2026, marking a 6.6% compound annual growth rate (CAGR). Projections indicate continued acceleration, with the market expected to hit $7,585.67 billion by 2030, at a stronger CAGR of 7.5%. This growth is rooted in a combination of factors, including a surge in industrial manufacturing activities, ongoing construction and infrastructure projects, and heightened demand for agrochemical and personal care products. Looking ahead, future growth will be increasingly steered by a focus on green and bio-based chemicals, substantial investments in advanced manufacturing technologies, and growing demand for specialty chemicals. Stricter environmental regulations and the adoption of digital process optimization techniques are also crucial drivers. The market's trajectory is deeply intertwined with global industrial and economic development, as evidenced by positive economic indicators like GDP and industrial production growth in major economies. Chemically, compounds derived from raw materials possess distinct properties influencing their industry applications. Regionally, Asia-Pacific held the largest market share in 2025, with North America securing the second position, highlighting diverse market dynamics across the globe.
