Published by Coherent Market Insights
Posted on October 8, 2021
3 min readLast updated: January 30, 2026
The Organic Chemicals Market, valued at USD 1.37 billion in 2020, is expected to grow at a CAGR of 10.2%, driven by pharmaceuticals and industrialization in Asia Pacific.
Organic Chemicals Market Size Was Valued At Usd 1.37 Billion In 2020 And Is Estimated To Grow At (Cagr) Of 10.2%
Carbon and its various derivatives combine with elements such as hydrogen, oxygen, nitrogen, and sulfur, to form organic chemicals. The derivatives exist either in carbon chain or carbon ring. Increasing global population and surging urbanization are expected to fuel growth of end-use industries such as agrochemicals, pharmaceuticals, food & beverages, and cosmetics in turn fueling growth of the organic chemicals market.
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Key Developments
Organic Chemicals Market Outlook – Surge in Pharmaceuticals Industries Augmenting Market Growth
The last decade has witnessed a spike in incidence rate of various diseases. This in turn has led to increasing spending by various government and non-governmental organizations on developing effective drugs to combat such diseases, subsequently propelling growth of the pharmaceuticals industry. This trend is expected to prevail over the forecast period, consequently fueling growth of the organic chemicals market. Global giants in pharmaceuticals space, such as Pfizer spent US$ 7872 million in 2016, which increased by 2% as compared to 2015 and Novartis spent US$ 8400 million in 2016, which have significantly increased investment in R&D for effective drug development. While North America currently accounts for the largest share in the global organic chemicals industry, owing to a robust production base, emerging economies of Asia Pacific are projected to witness fastest growth in the market over the following decade. This is mainly attributed to rapid industrialization and benefits of economies of scale in countries such as China, Japan, and India.
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The post Organic Chemicals Market Size Was Valued At Usd 1.37 Billion In 2020 And Is Estimated To Grow At (Cagr) Of 10.2% | TCI America, BASF SE, PPG Industries appeared first on Gatorledger.
The article discusses the growth and projections of the Organic Chemicals Market, valued at USD 1.37 billion in 2020.
The growth is driven by increasing demand from the pharmaceuticals industry and industrialization in Asia Pacific.
North America currently leads the market, with Asia Pacific expected to see the fastest growth.
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