The US chemical industry will see the considerable growth of 1.9% during the forecast period. COVID-19 negatively impacted the operations of the chemical industries in the country due to the disruptions in the supply chain and closure of manufacturing plants. Though, the market players considerably overcome the loss with the production of hygiene and medical products for COVID-19. Some of the announcements made by the market players amidst the COVID-19 pandemic are-
- On 14th April 2020, JM declared that itis supporting to deliver significant numbers of essential ventilator components in Europe along with its customer HOERBIGER Flow Control. Due to the spread of COVID-19, governments are asking manufacturers to increase the production of ventilators to save lives of the COVID-19 patients. As a result, JM will supply piezo products, which is a major part of the ventilator supply chain. As supply chain problems are rising, this will enable the European government to tackle the problems associated with the delay in the production of ventilators.
- On 8th April 2020, INEOS declared that the establishment of the fourth hand sanitizer plant. The plant will be set up in Etian to serve the hard-hit hospitals in North-Eastern France, Paris and Belgium. The company will target the requirements of front line medical and care services as well as the production of pocket bottle hand sanitizer for public use.
- On 19th March 2020, Element is PLC cancelled its dividend to save costs and preserve cash flow due to the impact of COVID-19 which has created operating uncertainty.
- On 30th March 2020, Croda International PLC declared to support the manufacturer of hand sanitizer amid COVID-19 outbreak with the supply of additional glycerine to their customers free of charge in Western Europe. Croda has gifted adequate glycerine to produce five million bottles of hand sanitizer. Croda’s ingredients have applications in thousands of end products, such as medical equipment, sanitizers, medicines, and face masks.
Browse the full report description of "UK Chemical Market Size, Share & Trends Analysis Report by Type (Petrochemicals, Basic Inorganic, Polymers, Specialty Chemicals, Consumer Chemicals, and Others), Impact of COVID-19 on UK Chemical Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/uk-chemical-market
Market Coverage
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Report Elements
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Details
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Study Period
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2018-2025
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Base year
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2018
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Forecast period
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2019-2025
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Segments Covered
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By Type
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Key Companies Profiled
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DuPont De Nemours,
Inc., Eastman Chemical Co., ExxonMobil
Chemical Co., Inc., The Dow Chemical Co., and Chevron Phillips
Chemical Company LLC
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from pre-COVID
o Most affected segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
UK Chemical Market – Segmentation
By Type
- Petrochemicals
- Basic Inorganic
- Polymers
- Specialty Chemicals
- Consumer Chemicals
- Others (Auxiliaries for Industry)
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