The global organic chemicals market, valued at over USD 6 billion in 2014 with an 8% annual growth rate from 2009 to 2014, is poised for continued expansion through 2025, driven by rapid industrialization and urbanization, particularly in emerging regions like Asia Pacific, Central & South America, and the Middle East & Africa, according to Grand View Research. Key products like ethyl alcohol, fatty acids, and synthetic organic alcohols serve diverse industries, supported by government initiatives to boost manufacturing. Research Nester highlights that the market is projected to grow by 2.5% in 2023, with organic chemicals specifically at 4.5%, fueled by sustainability, decarbonization, and digital innovations like AI and automated trend sensing. However, rising crude oil prices, up over 5x from USD 20 in 2020 to USD 100 in 2022, and geopolitical disruptions like the Ukraine war, are increasing costs and impacting profit margins, though the U.S. market shows recovery with some chemicals reaching pre-pandemic sales levels.
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