Market Analysis - Organic Chemistry 2017
The global chemical industry is estimated to be US $2.4 trillion dollars contributing significantly in the market growth of US, Europe, and Middle East Countries. The demand for chemical products is highest in the Asia, Japan and Korea. The annual US chemical output alone is US $750 billion dollars. The global chemical industry market is expected to grow at a CAGR of 3.7% by 2020.
Chemistry volumes continue to rise in the U.S. and chemincluding some well-known and used chemicals. Market share for this segment should increase to 13.9% by the end of the year.cal market expected to contract this year—As a result, chemical industry capital spending in the U.S. surged 12.1% in 2014 and gained 21.0% in 2015, reaching $43.58 billion and accounting for more than one-half of total construction spending by the manufacturing sector. The association representing US-based chemical producers said that US chemical production (excluding pharmaceuticals) is expected to realize overall growth of 1.6% in 2016, followed by 4.1% growth next year, and 5.0% in 2018. Average annual gains of over 8% per year in U.S. Chemical industry capital spending are expected through 2018 with only a minor slowdown in subsequent growth expected. By 2021, ACC expects capital spending to reach $70 billion, contributing to four consecutive years of job growth in the industry. American chemistry revenues will exceed $1.0 trillion by 2020. Chemistry Council stated that more than 275 new chemical production projects had been announced since 2010 with a total value of more than $170 billion, with a full 49% already complete or under construction; 61% of these are foreign direct investment. By 2021, U.S. capital spending by the chemical industry will reach $65 billion—more than triple the level of spending at the start of this prolonged cycle in 2010. The trade surplus in chemicals (excluding pharmaceuticals) will grow to $36 billion this year as exports rise by 2% to $132 billion and imports hold steady at $96 billion. Two-way trade between the U.S. and its foreign partners will reach $227 billion this year and will grow steadily over the coming years.
According to American Chemistry Council, the global chemicals industry breached the US$5 trillion sales mark in 2013. According to the U.S. Bureau of Labor Statistics, chemists and material scientists can expect their field to grow slower than average through 2020. Growth markets such as China, Brazil, and India stimulate demand for basic chemicals whereas in developed regions, chemicals formulated for specialized applications will see a progressive rise in demand. The cellulose ether & derivatives market is projected to be worth USD 6.30 Billion, by 2020, registering a CAGR of 7.2% between 2015 and 2020. The global carbon nanotubes market size (2015–2020) is estimated to reach USD 5.64 Billion by 2020 at a CAGR of 20.1%. The market size of amines is estimated to grow from USD 13.35 Billion in 2015 to USD 19.90 Billion by 2020.
Organic Chemistry 2017 is a global platform to discuss and learn about new compounds and its structure, bonding, reactivity in field of organic chemistry and organometallic chemistry, organic geochemistry, biogeochemistry, marine geochemistry, petroleum geochemistry, Bioorganic and medicinal chemistry. Advancement in fields of modern experimental organic chemistry, modern analytical organic chemistry, modern theoretical organic chemistry, combinatorial Chemistry, flow chemistry, green chemistry, microwave chemistry, microwave spectroscopy, new synthetic methods and advances in catalysis.
In the light of this theme, the conference series aims to provide a forum for international researchers from various areas of chemistry, pharmacy, materials science and chemical engineering by providing a platform for critical analysis of new data, and to share latest cutting-edge research findings and results about all aspects of Organic Chemistry. The meeting will be a multidisciplinary gathering and present major areas such as organometallic, medicinal chemistry, polymer chemistry and overall applications.