Market Overview & How REAG Can Help
The market size, measured by revenue, of the Chemical Product Manufacturing industry was $62.4bn in 2022 with size increasing in that same year by 17.6%.
Developments in the consumer appliance sector are expected to stimulate demand and industry concentration is low, with the top three players accounting for 18.8% of total industry revenue in 2023.
Low industry concentration can create favorable conditions for mergers and acquisitions (M&A) in certain cases. When an industry has low concentration, there may be more opportunities for companies to acquire smaller competitors or consolidate fragmented market segments. This can lead to increased market share, economies of scale, and enhanced competitiveness for the acquiring companies.
Manufacturing levels are forecast to rise in markets, such as household parts and construction materials, boosting demand for chemicals needed in downstream production and technology continues to be the differentiating factor among small and large operators in the industry.