Analysis of the competition landscape of the global new chemical materials market in 2024 The market competition is fiercee

Major listed companies in the industry: Dow Inc. of the United States; Mitsubishi Chemical of Japan (4188); BASF of Germany (BASFn); LG Chem of South Korea (051910); Wanhua Chemical (600309), etc.

Developed countries are in the first tier

From the perspective of the global regional competition pattern, in recent years, the global chemical new materials industry has developed rapidly, and has now formed a three-tier echelon. The first echelon is developed countries and regions such as the United States, Japan, and Europe, which have most of the large multinational companies and have absolute advantages in economic strength, core technology, R&D capabilities, market share, and other aspects. Among them, in the field of high-performance engineering plastics, the United States and Germany are the main ones; in the field of special rubber, Japan and the United States occupy a large market share; in the field of carbon fiber, Japanese, American, and German companies occupy the main market share. The second echelon is South Korea, Russia, China and other countries, and the chemical new materials industry is in a period of rapid development. The third echelon is Brazil, India and other countries, which are currently in a state of catching up.

China and Russia have the largest number of registered companies

Europe, North America and Asia are the main distribution areas of the world’s new chemical materials companies. From the ranking of the number of companies in major countries or regions in the global new chemical materials industry, mainland China has the largest number of companies, exceeding 20,000, followed by Russia with more than 15,000 companies; followed by India, the United States, Germany and other regions.

Regional competition pattern of global new chemical materials

Based on the revenue scale, business layout, sales layout, etc. of the major companies in the field of new chemical materials in the world, the companies in the first echelon are mainly those with very mature global business, extremely high global reputation and rich experience in the chemical field, such as Dow Chemical of the United States, BASF of Germany, ExxonMobil of the United States, Mitsubishi Chemical of Japan, LG Chem of South Korea, etc.; the companies in the second echelon are generally the top companies in developed countries. These companies also have a global layout, but still have a focus. For example, 3M of the United States and Mitsui Chemicals of Japan have a deeper layout in their own countries, and the main revenue structure is dominated by the domestic region; the third echelon companies are mainly companies that focus on their own country, and are closely followed by chemical companies with the support of various governments.

Leading companies have diversified product offerings covering a wide range of fields

Analyzing the supply capabilities of representative companies in the field of global new chemical materials, companies such as Dow Chemical, BASF, Mitsubishi Chemical, LG Chem, 3M, and Mitsui Chemicals have a deeper understanding of the new chemical materials industry, with a complete product system that fully meets the diverse needs of customers in various industries. Relatively speaking, the products of Bayer, Air Products and Chemicals, are relatively single. In terms of product coverage, companies usually serve a wide range of industries, mainly involving architectural coatings, automobiles, industrial products, home appliances, packaging and other industries.