Value of global chemical shipments by segment 2018

This statistic shows the value of all global chemical shipments in 2018, broken down by segment. In that year, basic chemical shipments worldwide were worth more than 2.3 trillion U.S. dollars. Thus, basic chemicals were the largest chemical segment.

Global chemical shipments

In 2018, basic chemicals including inorganics, bulk petrochemical and intermediates, and plant resins made up the majority of global chemical shipments, totaling over 2.3 trillion U.S. dollars. Agricultural chemicals generated 468 billion U.S. dollars in shipment value in the same year. The chemical industry infiltrates many sectors and national economies. Chemical production and usage are important for employment, trade, and economic growth. However, impacts on environmental and human health must also be considered. Many governments around the world have established guidelines or legislature to determine how to manage the transportation and storage of hazardous chemicals. Chemical management programs and international conventions and institutions also exist to properly manage the growing volume of chemicals worldwide.

In 2009, Asia accounted for about 41 percent of the world’s chemical industry’s market share and has increased to 54.2 percent in 2018. During that time, Europe and NAFTA’s share of the industry had decreased to some 23.9 percent and 17.5 percent, respectively, in 2018. The global chemical industry has grown in the past decade from 1.34 trillion U.S. dollars in shipments in 2000 to 4.08 trillion U.S. dollars in 2018. In the United States, chemical shipments were valued at 812.4 billion U.S. dollars in 2018, including chemicals and pharmaceuticals.

Value of global chemical shipments in 2018 by segment

Value in billion U.S. dollars
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Source

Release date

2019

Region

Worldwide

Survey time period

2018

Supplementary notes

According to the American Chemistry Council the chemical industry includes: basic chemicals, specialty chemicals, agriculture chemicals, and consumer products. The term "shipments" is equivalent to "value of output".
* Including: inorganic, bulk petrochemicals and intermediates, plastic resins, synthetic rubber, man-made fibers.
** Including: coatings, adhesives and sealants, and other specialties.

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