The international chemicals market is immense and one that is constantly changing, especially in terms of its composition. While just over 10 years ago, Europe and the US dominated the global market with a combined share of more than 50%, with Europe accounting for 27.5% and the US 23.5%. Nonetheless, these two former major chemicals powers have been outpaced by Asian competition and as of 2017 together only account for 30.6%. The strong industrial growth and competitive positioning of the chemicals industry in the Far East enabled Asia to grow and become the new major chemicals power with a market share of 61.7% in 2017 (up from 38.8% in 2007). To read more, please click on the image below.