Organic Chemicals Market Research Report—Global Forecast till 2032

Organic Chemicals Market Research Report Information By Source (Natural and Synthetic), By Type (Aliphatic, Aromatic, and Carbonyl), By Application (Food & Beverages, Agrochemicals, Pharmaceuticals, Personal Care & Cosmetics, and Plastics Polymers), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) –Market Forecast Till 2032

ID: MRFR/CnM/9293-HCR | 100 Pages | Author: Chitranshi Jaiswal | February 2024         

Organic Chemicals Market Speak to Analyst Request a Free Sample

Global Organic Chemicals Market Overview


Organic Chemicals Market Size was valued at USD 11.3 Billion in 2022. The organic chemicals market industry is projected to grow from USD 12.15 Billion in 2023 to USD 21.66 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2023 - 2032). Food and beverage applications have a huge need, while the pharmaceutical business is seeing an increase in demand are the key market drivers enhancing the market growth.


Organic Chemicals Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Organic Chemicals Market Trends




  • large demand from the food and beverage applications is driving the market growth




Market CAGR for organic chemicals is being driven by their abilities as antioxidants and preservatives, organic chemicals are frequently used in the food and beverage sector. Additionally, there is a rising market for foods made using softer processes like heat, salt, sugar, and chemicals. In addition, more advanced methods of preventing the development of hazardous bacteria are being developed, which raises the demand for organic chemicals used in food applications. The market for organic compounds in the expanding food and beverage industry.


Additionally, organic compounds have been demonstrated to have anti-coagulant and catabolic properties; as a result, they are primarily present in alcoholic beverages. The need for organic chemicals has also increased due to the millennial generation's increased consumption of packaged foods preserved with organic chemical-based preservatives to stop the spread of bacteria and fungus. These elements can be a major force boosting the organic chemical market in the expanding food and beverage industry.


As a result of the technology-driven nature of the organic chemical sector, R&D spending is essential to its value chain. The industry participants will have plenty of opportunities thanks to these R&D expenditures in cutting-edge applications and lower production costs. There are expected to be plenty of chances for organic market development due to significant government initiatives to support the manufacturing sector in emerging nations.


For instance, a new production line for propionic acid with a capacity of 30 kilotons per year was created in May 2019 by BASF-YPC Company Limited, a joint venture between BASF and Sinopec that is owned equally by both companies. As a result, it is anticipated that throughout the projection period, demand for organic chemicals will increase due to the rising extensive demand for food and beverage applications. Thus, driving the organic chemicals market revenue.


Organic Chemicals Market Segment Insights


Organic Chemicals Source Insights


The global organic chemicals market segmentation, based on source, includes natural and synthetic. The natural segment dominated the market, accounting for 35% of market revenue (3.95 Billion). The majority of organic compounds found in nature contain carbon. The segment's growth is projected to be fueled by the increasing emphasis on natural products and the depletion of fossil fuels.


Organic Chemicals Distribution Type Insights


The global organic chemicals market segmentation, based on type, includes aliphatic, aromatic, and carbonyl. The aromatic category generated the most income (41.2%). They are also known as arenes or aromatics. The two aromatic compounds that are most often used are toluene and benzene. Many are used as nonpolar solvents and chemicals for organic synthesis.


Organic Chemicals Distribution Application Insights


The global organic chemicals market segmentation, based on application, includes food and beverages, agrochemicals, pharmaceuticals, personal care, cosmetics, plastics and polymers. The food and beverages category generated the most income (36.5%). Due to the rising demand for fortified food and beverages, the food and beverage segment accounted for the largest market. Organic chemicals are frequently used in manufacturing food, beverages, and feed. 


Figure 1: Organic Chemicals Market, by Application, 2022 & 2032 (USD Billion)


Organic Chemicals Market, by Application


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Organic Chemicals Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Organic Chemicals market will dominate this market, owing to the large turnover for animal feed, the sizeable manufacturing facilities for producers of organic compounds, and modern manufacturing techniques. Recently, a preference for biological insecticides has emerged, largely due to the quick uptake of sustainable agricultural practices, including organic farming and integrated pest management (IPM) methods. According to empirical studies, biopesticides are a key element of eco-friendly IPM programs since they work in concert with other agricultural inputs.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: ORGANIC CHEMICALS MARKET SHARE BY REGION 2022 (USD Billion)


ORGANIC CHEMICALS MARKET SHARE BY REGION


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Organic Chemicals market accounts for the second-largest market share due to the demand for organic chemicals rising quickly due to quick industrialization and urbanization, supported by supportive government measures. Further, the German Organic Chemicals market held the largest market share, and the UK Organic Chemicals market was the fastest-growing market in the European region.


The Asia-Pacific Organic Chemicals Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to large-scale domestic production, ambitious development plans in China, and the widespread presence of important producers in the area are the main causes of this. Moreover, China’s Organic Chemicals market held the largest market share, and the Indian Organic Chemicals market was the fastest-growing market in the Asia-Pacific region.


Organic Chemicals Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the organic chemicals market, grow even more. Participants in the market are also engaging in a variety of strategic initiatives to footprint, with important market developments including new product launches, contracts, acquisitions, heftier investments, and cooperation with other parties organizations. To expand and survive in a more competitive and rising market climate, the organic chemicals industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global organic chemicals industry to benefit clients and increase the market sector. In recent years, the organic chemicals industry has offered some of the most significant advantages to medicine. Major players in the Organic Chemicals market, Global organic chemicals market leaders include Cargill (US), Eastman Chemical Company (US), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Royal Dutch Shell (Netherlands), PPG Industries (US), AkzoNobel (Netherlands), Sinopec (China), ExxonMobil (US), Ineos (UK), Reliance Industries (India), LyondellBasell Industries (Netherlands), and The Dow Company (US).


BASF SE is a chemical company. Chemicals, plastics, performance goods, practical solutions, agricultural solutions, and oil and gas are among the six business segments that the company engages in. In addition to offering items for these industries, BASF also offers a variety of system solutions and services. These include products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper sectors. A new production line for propionic acid with a capacity of 30 kilotons per year was created in May 2019 by BASF-YPC Company Limited, a joint venture between BASF and Sinopec owned equally by both companies.


Akzo Nobel N.V. manufactures specialty chemicals. The business sells decorative paints, coatings, surfactants, polymers, pulp and paper, bleaching and oxidizing, salt chlorine, and other chemical goods. Products from Akzo Nobel are available for purchase by customers worldwide. AkzoNobel, a producer of performance coatings, said in January 2018 that its facility in Los Reyes, Mexico, would be upgraded and its manufacturing capacity would be increased.


Key Companies in the Organic Chemicals market include



  • BASF SE (Germany)

  • Cargill (US)

  • Eastman Chemical Company (US)

  • Koninklijke DSM N.V. (Netherlands)

  • PPG Industries (US)

  • AkzoNobel (Netherlands)

  • Royal Dutch Shell (Netherlands)

  • Sinopec (China)

  • ExxonMobil (US)

  • LyondellBasell Industries (Netherlands)

  • Ineos (UK)

  • Reliance Industries (India)

  • The Dow Company (US)


Organic Chemicals Industry Developments


August 2019: The chemical intermediates division of Huntsman Corporation will be purchased by Indorama Ventures, a Thai-based petrochemical firm, for US$ 2.1 billion.


January 2019: A joint venture between BP and Lotte called Lotte BP Chemical Company Limited has agreed to increase production capacity in Ulsan, South Korea. The factory is anticipated to raise its annual production capacity to 650 kilotons by adding a 100,000-tonne capacity for acetic acid.


November 2018: The acetic acid production at Clear Lake, Texas, will increase to 2,000 kilotons per year by the end of 2021, according to an announcement by Celanese Corporation, a multinational specialty chemicals manufacturer.


Organic Chemicals Market Segmentation


Organic Chemicals Source Outlook



  • Natural

  • Synthetic


Organic Chemicals Type Outlook



Organic Chemicals Application Outlook



  • Food and beverages

  • Agrochemicals

  • Pharmaceuticals

  • Personal Care and Cosmetics

  • Plastics and Polymers


Organic Chemicals Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 11.3 Billion
Market Size 2023 USD 12.15 Billion
Market Size 2032 USD 21.66 Billion
Compound Annual Growth Rate (CAGR) 7.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Source, Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Cargill (US), Eastman Chemical Company (US), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Royal Dutch Shell (Netherlands), PPG Industries (US), AkzoNobel (Netherlands), Sinopec (China), ExxonMobil (US), Ineos (UK), Reliance Industries (India), LyondellBasell Industries (Netherlands), and The Dow Company (US).
Key Market Opportunities Development of bio-based organic compounds. Financial support for R&D and technical breakthroughs.
Key Market Dynamics Large demand from the food and beverage industry. Demand for the pharmaceutical sector is rising.




Frequently Asked Questions (FAQ) :

The Organic Chemicals market size was valued at USD 11.3 Billion in 2022.

The organic chemicals market is projected to grow at a CAGR of 7.50% during the forecast period, 2023-2032.

North America had the largest share of the organic chemicals market.

The key players in the organic chemicals market are Cargill (US), Eastman Chemical Company (US), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Royal Dutch Shell (Netherlands), PPG Industries (US), AkzoNobel (Netherlands), Sinopec (China), ExxonMobil (US), Ineos (UK), Reliance Industries (India), LyondellBasell Industries (Netherlands), and The Dow Company (US).

The natural category dominated the organic chemicals market in 2022.

The aromatic had the largest share in the organic chemicals market.

Food and beverages had the largest share of the organic chemicals market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid