Chemical market size

Analysis of Data. A veteran practitioner of chemical market research likened this step to the assembly of a jigsaw puzzle. There are many pieces of unequal size and importance that must be put together to make a picture understandable to everyone. Call reports, secondary data inputs, experience, and judgment are the tools used by the market researcher to analyze the data, reach conclusions, make recommendations, and write the report. 

Economic Aspects. Trimesic acid being a smaH-volume chemical, availabiUty is in polyethylene-lined fiber dmms in 34- and 136-kg quantities. Mesitylene [108-67-8] the raw material, is readily available, and oxidation to trimesic acid presents no problems. The market size is dictated by commercial uses. 

Since its development in cosmetics in the 1940s, thioglycolic acid has become a widespread thiochemical, used all over the world as the acid or in the form of its salts or esters. Because of the several derivatives of thioglycolic acid used, the market size for this chemical is often expressed in terms of thioglycolic acid equivalents. In 1994 the total world market was estimated at around 15,000 to 20,000 metric tons of thioglycolic acid equivalents. Some mercaptocarboxyhc acid and esters available are compiled in Table 2. 

Fine chemicals form a group of products of large variety their number exceeds 10,000. The size of the global fine chemicals market in 1993 was estimated at 42,000 million. The average annual growth in the period 1989-95 was about 4.5 % (Polastro < r a/., 1990). Figure 1.1. shows the division of fine chemicals production by outlet. 

Neverthless, it is possible to analyze the information supplied by industry on new chemicals and summarize it in a way which does not breach CBI. This is what I have done in preparing this paper and it is the work of many of my cohorts within the Office of Toxic Substances. I intend to summarize the experience of EPA in dealing with these notices including an analysis of the classes and types of new chemicals, market areas, company size and other data. From this I will draw some conclusions about the impact of this requirement of TSCA on new product innovation and will describe what EPA is doing about it. 

We also came up with another interesting statistic in our analysis of these data. On this table (Table III) I have summarized the frequency of commercialization within certain time frames after the expiration of the mandatory 90 days from receipt of the PMN by EPA. As you can see, most companies want to produce and sell their new chemical as soon as possible. We have not had time to analyze these data further but it would be interesting to see if there is any relationship between commercialization time and type of chemical, end use or market, size of company, volume of production, etc. 

EPA s D.G. Bannerman reviewed these impacts on the market introduction of new chemicals. He summarized EPA s experience and analyzed the classes and types of new chemicals, company size, market areas, and, among other data, the number of notified chemicals actually reported to be commercialized. He stressed a new joint industry-EPA program to assist the smaller chemical companies to comply with TSCA, especially with premanufacturing notification. This will minimize negative impacts on product innovation without reducing the effectiveness of EPA s assessment of risks of new chemicals. 

Example 1 Citrus oil or citrus root products can Indeed kill slugs if they are applied as a contact agent or act as a slug repellent. Although some patents have been issued on the use of citrus oil as a slug control agent, such control with a contact agent is difficult and the chemical compositions of citrus oil and root exudate are ill-defined. Other obstacles for commercialization of citrus oil are (1) market size is too small to justify the development cost, and (2) an effective delivery method has yet to be developed. 

There are three main reasons why it is not possible to exactly determine the size of the fine-chemical market ... 

Table 9.2 Size of Fine-Chemical Markets in Developed Conntries"...

Food and feed additives, also known as dietary supplements, are minor ingredients added to improve the product quality. Most commonly, the effects desired relate to color, flavor, nutritive value, taste, or stability in storage. The market sizes are estimated to be 20 billion each for food and for feed additives, respectively. The major customers for the food additives are the big food companies Ajinomoto, Danone, Kraft, and Nestle, mentioned at the beginning of the chapter. With the exception of Ajinomoto, these companies are rarely backward-integrated. As they prefer to use natural ingredients rather than synthetic ones, they are not very important customers of the fine-chemical industry. Premixers, that is, enterprises that prepare ready-to-use mixtures of nutrients for the farmers who raise cattle, pigs, and chicken, are the main users of feed additives. 

The attractiveness of specific product categories, as discussed in the previous section, by and large defines the attractiveness of target markets as well. Besides its absolute size, the pharmaceuticals market comes first, because of its inherent elevated added value, the relatively high innovation rate, which leads to a steady demand for new products and for a manageable number of customers. The attributes for the agro fine chemicals market are similar, albeit less pronounced, specialty chemicals, in contrast, are needed by almost all industries and, therefore, virtually cannot be approached proactively. Also, the innovation rate in terms of new chemical entities is generally rather low, except in the electronic industry. 

Chemical Current US market (metric t) Market Price ( /kgf Potential 2020 market size (metric t) ... 

Chemical distributors—to obtain a feel for the general market size for some chemicals and the basic handling and distribution procedures for various chemicals. 

It is worthwhile to review the U.S. market size for the four principal resins currently used in wood-panel products today (4 )- These are phenol-formaldehyde (PF), urea-formaldehyde (UF), melamine-formaldehyde (MF), and resorcinol-formaldehyde (RF) (Table III). When these production figures are compared to the quantities of lignin potentially available (Table II), it is immediately obvious that all wood adhesives could be replaced by only a very small fraction of the lignin produced annually during chemical woodpulping processes. 

To put the topic in perspective, the market size of the materials related to semiconductor manufacturing is now over 10 billions USD [3]. Among these key materials, the sum of CMP slurry and pad is over 11%, which is approaching the combination of photoresist and stripping chemicals (Fig. 2.3). On the one hand, this is a strong indication that CMP technology has become a... 

On the other hand, since chemical products are differentiated by their performance specification, a new product will be governed by its own supply and demand equilibrium, and there will be no guarantee that a new chemical product can be sold at any price. There is no point in trying to calculate the return on investments (a cash flow transient) if the business proposition is not profitable in the steady state, i.e., with investments ignored. Hence before a prospective manufactmer considers whether the investment is justified by its return, ongoing profitability must be assessed first. This is typically a calculation of the market size that must be achieved for revenue to cover fixed costs, a situation referred to as break-even . [15]... 

Freedonia Group Research. 2005. Chemical sensors to 2009 demand and sales forecasts, market share, market size, market leaders, study 2005. December, available at http // www.freedoniagroup.com/Chemical-Sensors.html (accessed October 11, 2007). 

For an overview of the growth of catalysis in industry during the 20th century, see G.W. Parshall and R.E. Putscher (1986) Journal of Chemical Education, vol. 63, p. 189. For insight into the size of the chemical markets in the US and worldwide, see W.J. Stoick (2006) Chemical Engineering News, January 9 issue, p. 12 (2006) Chemical Engineering News, July 10 issue, p. 36. 

Economics data are often related to supply and demand, and consequently they fluctuate and are much more difficult to estimate. Most companies, however, carry out market studies and have a basis for projecting market size and chemical prices. In view of the uncertainties, to be safe, economic analyses are often conducted using a range of chemical prices to determine the sensitivity of the results to specific prices. 

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