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The global chemicals market is set to nearly double by 2034, driven by rising demand in Asia and U.S. industrial innovation.
The global commodity chemicals market, valued at $814 billion in 2024, is projected to reach $1.55 trillion by 2034, growing at a 6.65% CAGR, driven by demand for materials like ethylene, propylene, and polyethylene, with Asia Pacific leading market share.
The U.S. production chemicals market is also expected to grow through 2032, fueled by industrial demand and innovation.
Meanwhile, the U.S. specialty chemicals market, at $201.48 billion in 2025, is forecast to hit $303 billion by 2034, expanding at 4.64% annually, supported by growth in electronics, automotive, healthcare, and green chemistry.
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El mercado global de productos químicos casi se duplicará para 2034, impulsado por la creciente demanda en Asia y la innovación industrial de los Estados Unidos.