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DowDuPont2018 chemical sales: $86.0 billion. DowDuPont has broken BASF's 12-year streak as the largest chemical maker in the world. But DowDuPont's reign at the top will be brief. The company
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- What is the chemical cluster in Singapore?
- The chemicals cluster in Singapore is made up of four segments, namely the petroleum, petrochemicals, specialty chemicals and other chemicals segments. The petroleum and petrochemicals segments, which comprise highly integrated facilities, account for the largest shares of the cluster’s nominal VA, at 63.7 per cent collectively in 2022.
- What is the chemical industry like in Singapore?
- The industry is supported by a highly skilled workforce, advanced technology, and a strong research and development infrastructure. Major companies in the chemicals sector in Singapore include ExxonMobil Chemical, Shell Chemicals, BASF, Dow Chemical, and Evonik.
- Which country imports the most chemical products in Singapore?
- According to the Observa-tory of Economic Complexity (OEC), 16.7% of Singapore’s chemical exports, amounting to US$7.9 billion, were destined for China in 2021, thus making China the largest importer of Singaporean chemical products.
- What are the trends in the chemical market in Singapore?
- Trends in the market: In Singapore, the Chemicals Market within the Material Products sector is experiencing a significant shift towards sustainable and eco-friendly chemical solutions. Manufacturers are increasingly investing in green chemistry innovations to meet the rising consumer demand for products that minimize environmental impact.
- What is the growth rate of chemical companies in Singapore?
- If we look at the performance of the main chemical players in Singapore (and globally), many have registered more than 20% growth in FY21 (Evonik, 23%; Arkema, 25%; Lanxess 23%), which was either maintained or exceeded in the first quarter of FY22 (BASF, 19% growth compared to Q1 of FY21; Evonik 22%; Arkema, 30%; Lanxess, 43%).
- Why is the specialty chemicals industry undergoing significant transformation?
- The specialty chemicals industry in Singapore, Southeast Asia (SEA), and the wider Asia-Pacific (APAC) region is undergoing significant transformation, driven by sustainability mandates, digitalization, and evolving regulatory landscapes.
