The business of chemistry is worldwide in scope, applying science to support and enhance the quality of life. It is a large, mature industry, with numerous suppliers and customers, although in some regions, the industry concentration can be quite high, with only a few producers. Chemical manufacturers in industrialized nations typically produce a wide variety of chemicals ranging from commodity industrial chemicals to specialty chemicals. In developing nations, domestic chemical production tends toward less complex chemistries such as fertilizers and inorganic commodity chemicals.
Global Business of Chemistry
Economic Elements of Chemistry — Last Updated Oct. 30, 2024
26%
Of U.S. chemical shipments exported globally
Global Chemical Shipments by Sector
Global Chemical Shipments by Region
Global Chemical Exports & Imports by Region
World Trade
Chemical manufacturers have developed global supply chains to create and deliver the products of chemistry efficiently. International trade, including related-party trade, is essential to the global business of chemistry. Market access and minimizing tariff and nontariff barriers has been key to the globalization of the chemical industry and the fluidity of world trade.
57%
Of chemical imports support companies with operations in the U.S.
39%
Of U.S. chemical exports support companies with operations in other countries
Global CPRI
The Global Chemical Production Regional Index (CPRI) measures production activity by country and region. Estimated on a monthly basis, the global CPRI is available by segment and country/region.