Market Forecast by Countries (United States, Canada), By Type (Agrochemicals, Dyes and Pigments, Construction Chemicals, Specialty Polymers, Textile Chemicals, Base Ingredients, Surfactants, Others) And Competitive Landscape
Product Code: ETC404958 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Chemicals Market |
Forecast Period | 2025-2031 |
Forecast Size | USD 30.1 billion By 2031 |
CAGR | 4.2% |
Growing Sector | Agriculture |
North America Chemicals Market report thoroughly covers the market By Countries, By Type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Chemicals Market was valued at USD 22.6 billion and is expected to reach USD 30.1 billion , growing at a CAGR of around 4.2% from 2025-2031. The growth of the chemicals market in North America can be attributed to factors such as increasing demand from various end-use industries, technological advancements, and favorable government regulations.
The North America chemicals market is experiencing steady growth, driven by strong demand across various industries, including automotive, construction, agriculture, consumer goods, and pharmaceuticals. Key factors fueling this growth include technological advancements in chemical production, increased focus on sustainability, and innovations in specialty chemicals.
According to 6Wresearch, the North America Chemicals Market size is projected to grow, reaching at a CAGR of 4.2% during the forecast period of 2025-2031. The increasing use of chemicals in the agriculture sector, particularly for crop protection, is expected to drive market growth. In addition, the growing adoption of advanced materials in construction and infrastructure development projects is further boosting demand for specialty chemicals in North America.
The growing emphasis on eco-friendly solutions and green chemistry is encouraging the development of bio-based chemicals and sustainable manufacturing processes. Additionally, the rise in industrial activities, coupled with demand for high-performance materials in sectors like electronics and renewable energy, is further contributing to market expansion. The U.S. is the largest contributor to the region’s chemicals market, with Canada following closely behind. Strong investment in research and development, along with a growing consumer preference for environmentally conscious products, continues to drive innovation and the overall market's growth.
One of the major trends in the North America chemicals market is the shift towards sustainable and eco-friendly solutions. With increasing awareness about environmental impact, companies are investing heavily in research and development to develop green chemistry processes and bio-based chemicals. This trend is expected to continue as consumers become more conscious about their purchasing choices and governments impose stricter regulations on chemical production.
Another emerging trend in the market is the use of digital technologies such as artificial intelligence and Internet of Things (IoT) for process optimization and product innovation. These technologies are helping companies improve efficiency, reduce costs, and develop new products with enhanced performance.
The North America chemicals market offers numerous investment opportunities for companies looking to enter the region or expand their existing operations. The growing demand for specialty chemicals, particularly in industries such as healthcare and electronics, presents a significant opportunity for chemical manufacturers.
In addition, the increasing focus on sustainability is opening up avenues for investments in green chemistry and bio-based products. Governments in the region are also providing incentives for companies to adopt sustainable practices, which can further drive growth and profitability.
Furthermore, partnerships and collaborations with universities and research institutions can help companies stay at the forefront of innovation and develop new products to meet changing market demands.
Some of the major players operating in the North America chemicals market include The Dow Chemical Company, DuPont, BASF SE, Eastman Chemical Company, and Huntsman Corporation. These companies are investing in research and development to maintain their competitive edge and meet the changing demands of consumers. Additionally, strategic partnerships and acquisitions are key strategies adopted by these players to expand their market share.
The chemicals industry in North America is heavily regulated, with governments implementing measures to ensure the safety of workers, consumers, and the environment. The U.S. Environmental Protection Agency (EPA) regulates chemical production under various laws such as the Toxic Substances Control Act (TSCA) and the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). Canada has also implemented similar regulations through its Chemicals Management Plan.
These regulations aim to promote sustainable practices, reduce health and environmental risks associated with chemical exposure, and ensure proper labeling and handling of chemicals. Compliance with these regulations is crucial for companies operating in the North America chemicals market to maintain consumer trust and continue to thrive in the industry.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, The US dominates the North America chemicals market, with a dominant market share and is expected to maintain its position throughout the forecast period." The growth can be attributed to the presence of major players, strong research and development capabilities, and increasing investments in sustainable practices.
The agrochemicals segment is expected to dominate the North America chemicals market during the forecast period, driven by the increasing demand for crop protection and fertilizers in the region. However, specialty polymers and construction chemicals segments are also expected to witness significant growth due to their widespread use in various industries.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Chemicals Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 North America Chemicals Market - Industry Life Cycle |
3.4 North America Chemicals Market - Porter's Five Forces |
3.5 North America Chemicals Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Chemicals Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 North America Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Chemicals Market Trends |
6 North America Chemicals Market, 2021 - 2031 |
6.1 North America Chemicals Market, Revenues & Volume, By Type, 2021 - 2031 |
7 United States Chemicals Market, 2021 - 2031 |
7.1 United States Chemicals Market, Revenues & Volume, By Type, 2021 - 2031 |
8 Canada Chemicals Market, 2021 - 2031 |
8.1 Canada Chemicals Market, Revenues & Volume, By Type, 2021 - 2031 |
9 North America Chemicals Market Key Performance Indicators |
10 North America Chemicals Market - Opportunity Assessment |
10.1 North America Chemicals Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Chemicals Market Opportunity Assessment, By Type, 2021 & 2031F |
11 North America Chemicals Market - Competitive Landscape |
11.1 North America Chemicals Market Revenue Share, By Companies, 2024 |
11.2 North America Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |