Market Forecast By Type (Demulsifiers, Scale Inhibitors, Corrosion Inhibitors, Asphaltene Inhibitors, Biocides, Scavengers, Surfactants, Others), By Oilfield Type (Onshore, Offshore), By Application (Cementing, Production Chemicals, Drilling Fluids, Improved Oil Recovery, Well Stimulation, Work Over and Achievements) And Competitive Landscape
Product Code: ETC343052 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 4 | |
Report Name | Bangladesh Production Chemicals Marketย |
Forecast period | 2024-2030 |
CAGR | 7.9% |
Growing Sector | Textile |
The Bangladesh Production Chemicals Market report thoroughly covers the market by type, by oilfield type and by application. The market 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.
Bangladesh Production Chemicals Market has accomplished major success and is forecast to attain more growth in the coming years attributed to the expansion of various industrial sectors, including textiles, pharmaceuticals, and agriculture. This market encompasses a wide range of chemicals used in the manufacturing process, such as solvents, pigments, surfactants, and process aids, tailored to enhance efficiency and product quality.
According to 6Wresearch, the Bangladesh Production Chemicals Market size is expected to grow at a significant CAGR of 7.9% during 2024-2030. There are many components that are enlarging the growth of Bangladesh Production Chemicals Market such as the textile industry, a cornerstone of Bangladesh's economy, demands a continuous supply of chemicals for various stages of fabric processing. This requirement spans from pretreatment to dyeing, printing, and finishing of textiles. Apart from this, the agriculture sector, vital for the country's food security and employment, extensively uses fertilizers and pesticides, thereby elevating the demand for production chemicals. In addition to this, the pharmaceutical industry's growth, with its need for precise and high-quality chemicals for drug formulation and production, further amplifies the market's expansion. Environmental sustainability trends are also significant drivers, pushing the chemical industry towards greener alternatives. Nonetheless, Bangladesh Production Chemicals Market is facing few restraints such as the fluctuating raw material prices, which can significantly impact the cost of production chemicals. This volatility often results from geopolitical tensions, trade policies, and global market dynamics that affect the supply chain and pricing of key raw materials. Apart from this, stringent environmental regulations, while beneficial for promoting sustainability, pose a substantial challenge for chemical manufacturers. Compliance with these regulations requires substantial investment in research and development (R&D) to formulate eco-friendly chemicals that adhere to legal standards.
Although there are several market players available in the Bangladesh Production Chemicals Market, however few of them are having the most of market share. These companies include BASF SE, Akzo Nobel N.V., Bayer CropScience, Archroma, SQM (Sociedad Quรญmica y Minera), Eastman Chemical Company, Huntsman Corporation, Beximco Pharmaceuticals Ltd., ACI Limited, Berger Paints Bangladesh Limited, etc.
Bangladesh Production Chemicals Market is growing swiftly and governmentโs regulation and policies are helping in the extension of the market. Key among these initiatives is the implementation of favorable policies aimed at fostering innovation and sustainability in chemical manufacturing. This includes offering tax incentives for companies engaged in research and development (R&D) of green chemical solutions, as well as subsidies for adopting renewable energy technologies in production processes. Apart from this, the government is actively working to enhance the country's infrastructure, with significant investments in upgrading transportation networks and utilities.
Bangladesh Production Chemicals Market will get bigger in future quickly attributed to advancement in green chemistry are expected to drive innovation, as companies invest in developing sustainable and eco-friendly chemical solutions. This shift not only aligns with global sustainability goals but also meets the increasingly stringent environmental regulations. Apart from this, the focus on local production capabilities, supported by government incentives and investments in research and development, will likely reduce dependency on imports and strengthen the market's self-sufficiency.
According to Ravi Bhandari, Head of Research, 6Wresearch, surfactants segment is expected to grow more in future attributed to the broad spectrum of applications surfactants have across various industries, including textile, pharmaceutical, and agricultural sectors, which are pivotal to Bangladesh's economy.
Offshore market is expected to grow more in future attributed to the increasing exploration and production activities in deep-water and ultra-deep-water reserves, where the demand for high-performance, environmentally safe chemicals is heightened.
Improved Oil Recovery (IOR) segment is expected to grow more in future attributed to the increasing necessity to extract maximum value from existing oil reserves amid declining new discoveries and the fluctuating global oil market.
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 Bangladesh Production Chemicals Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Production Chemicals Market Revenues & Volume, 2020 & 2030F |
3.3 Bangladesh Production Chemicals Market - Industry Life Cycle |
3.4 Bangladesh Production Chemicals Market - Porter's Five Forces |
3.5 Bangladesh Production Chemicals Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Bangladesh Production Chemicals Market Revenues & Volume Share, By Oilfield Type, 2020 & 2030F |
3.7 Bangladesh Production Chemicals Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Bangladesh Production Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Production Chemicals Market Trends |
6 Bangladesh Production Chemicals Market, By Types |
6.1 Bangladesh Production Chemicals Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Production Chemicals Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 Bangladesh Production Chemicals Market Revenues & Volume, By Demulsifiers, 2020 - 2030F |
6.1.4 Bangladesh Production Chemicals Market Revenues & Volume, By Scale Inhibitors, 2020 - 2030F |
6.1.5 Bangladesh Production Chemicals Market Revenues & Volume, By Corrosion Inhibitors, 2020 - 2030F |
6.1.6 Bangladesh Production Chemicals Market Revenues & Volume, By Asphaltene Inhibitors, 2020 - 2030F |
6.1.7 Bangladesh Production Chemicals Market Revenues & Volume, By Biocides, 2020 - 2030F |
6.1.8 Bangladesh Production Chemicals Market Revenues & Volume, By Scavengers, 2020 - 2030F |
6.1.9 Bangladesh Production Chemicals Market Revenues & Volume, By Others, 2020 - 2030F |
6.1.10 Bangladesh Production Chemicals Market Revenues & Volume, By Others, 2020 - 2030F |
6.2 Bangladesh Production Chemicals Market, By Oilfield Type |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Production Chemicals Market Revenues & Volume, By Onshore, 2020 - 2030F |
6.2.3 Bangladesh Production Chemicals Market Revenues & Volume, By Offshore, 2020 - 2030F |
6.3 Bangladesh Production Chemicals Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Production Chemicals Market Revenues & Volume, By Cementing, 2020 - 2030F |
6.3.3 Bangladesh Production Chemicals Market Revenues & Volume, By Production Chemicals, 2020 - 2030F |
6.3.4 Bangladesh Production Chemicals Market Revenues & Volume, By Drilling Fluids, 2020 - 2030F |
6.3.5 Bangladesh Production Chemicals Market Revenues & Volume, By Improved Oil Recovery, 2020 - 2030F |
6.3.6 Bangladesh Production Chemicals Market Revenues & Volume, By Well Stimulation, 2020 - 2030F |
6.3.7 Bangladesh Production Chemicals Market Revenues & Volume, By Work Over and Achievements, 2020 - 2030F |
7 Bangladesh Production Chemicals Market Import-Export Trade Statistics |
7.1 Bangladesh Production Chemicals Market Export to Major Countries |
7.2 Bangladesh Production Chemicals Market Imports from Major Countries |
8 Bangladesh Production Chemicals Market Key Performance Indicators |
9 Bangladesh Production Chemicals Market - Opportunity Assessment |
9.1 Bangladesh Production Chemicals Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Bangladesh Production Chemicals Market Opportunity Assessment, By Oilfield Type, 2020 & 2030F |
9.3 Bangladesh Production Chemicals Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Bangladesh Production Chemicals Market - Competitive Landscape |
10.1 Bangladesh Production Chemicals Market Revenue Share, By Companies, 2023 |
10.2 Bangladesh Production Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |