全球化学工业市场前景及投资研究报告-培训课件外文版2024.4

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MARKETSChemicalindustryworldwideCHAPTER

01OverviewTotalrevenueofthechemicalindustryworldwidefrom2005to2022(inbillionU.S.dollars)Revenueoftheglobalchemicalindustry2005-20227,0006,0005,0004,0003,0002,0001,00002005200620072008200920102011201220132014201520162017201820192020202120223Description:In2022,thechemicalindustry`stotalworldwiderevenuestoodatsome5.72trillionU.S.dollars.Inthatyear,thechemicalindustryrevenuereachedthehighestvalueofthelast15years.

ReadmoreNote(s):Worldwide;2005to2022Source(s):AmericanChemistryCouncilRevenuedistributionofthechemicalindustryworldwidein2022,byregionGlobalrevenuedistributionofthechemicalindustry2022,byregionRestoftheWorld2%India2.1%Africa1.2%SouthKorea2.5%LatinAmerica4.0%RestofEurope*3.9%Japan4.2%China44%U.S.11.2%RestofAsia11.4%EU2714%4Description:In2022,Chinaaccountedforapproximately44percentoftheworld'schemicalindustryrevenue.Thiswasmorethananyotherregionacrosstheglobethatyear.TheEuropeanUnionfollowedinsecond,butbyawidemargin,witha14percentshareoftheglobalchemicalrevenuein2022.ReadmoreNote(s):Worldwide;2022;*IncludingtheUnitedKingdom,Switzerland,Norway,Turkey,RussiaandUkraine.ReadmoreSource(s):CEFICValueofchemicaldomesticsalesworldwidein2022,byregion(inbillionU.S.dollars)Valueofglobalchemicalconsumptionbyregion2022ValueinbillionU.S.dollars1,50005001,0002,0002,5003,0002,9213,500Asia-PacificEurope1,071NorthAmerica756LatinAmerica419426Africa&MiddleEastFormerSovietUnion1295Description:In2022,domesticchemicalsalesintheAsia-Pacificregionwereworthsome2.9trillionU.S.dollars.Thus,thisregionwasbyfartheleadingworldregionbasedonchemicalsales.

ReadmoreNote(s):Worldwide;2022Source(s):ABIQUIM;AmericanChemistryCouncil;Associationfrançaisedemécanique;CEFIC;StatCan;USCensusBureau;VCIMarketshareofchemicalindustry'ssalesworldwidefrom2010to2022,byregionSalesmarketshareofworldregionsinthechemicalindustry2010-2022AsiaEuropeNorthAmericaLatinAmericaAfricaAustralia/Oceania120%100%80%60%40%20%0%20102011201220132014201520162017201820192020202120226Description:Thisstatisticshowstheglobalmarketshareofworldregionsinthechemicalindustry(basedonrevenue)from2010to2022.In2010,NorthAmericancountrieshadashareof20.9percentintheglobalchemicalsmarket.Asiahastheworld'slargestshareoftheglobalchemicalsmarket,at60.2percentin2022.ReadmoreNote(s):Worldwide;2010to2022;Totalchemicalindustry,includingpharmaceuticalsSource(s):CHEManager;VCIChangeintheproductionofchemicalsworldwidefrom2019to2023,byregionGlobalchangeinchemicalsproduction2019-2023,byregionUnitedStatesAsia(excl.Japan)*JapanSouthAmericaEuropeanUnionWorld10%5%0%-5%-10%-15%201920202021202220237Description:Theproductionofchemicalsworldwide–excludingpharmaceuticals–increasedbysome1.7percentin2023,whencomparedtothepreviousyear.TheEuropeanUnionexperiencedthelargestdropinchemicalsproductionthatyear,havingdecreasedbyabout7.6percentincomparisonto2022.ReadmoreNote(s):Worldwide;2019to2023;Excludingpharmaceuticals;*Referredtoas'EmergingmarketsofAsia'inBASF'sreport.Thisstatisticwascompiledusingseveralreleasesofthepublication.ReadmoreSource(s):BASFLeadingchemicalmarketsbycountryworldwidein2022,basedonrevenue(inbillioneuros)Revenuesofthetenleadingchemicalmarkets2022Revenueinbillioneuros1,50005001,0002,0002,5003,0003,500ChinaU.S.3,102.84863.27GermanyJapan325.95288.68186.69FranceSouthKoreaIrelandIndia165.95164.22163.82141.41133.48102.5194.4SwitzerlandBrazilItalyTaiwan8/statistics/274410/revenues-of-the-10-leading-chemical-marketsChinawastheworld'slargestchemicalmarketbasedonrevenueasof2022,at3.1trillioneuros.ThetotalrevenueoftheGermanchemicalmarketamountedtoapproximately325.95billioneurosinthatyear,whichwasinthirdplaceworldwide.

ReadmoreNote(s):Worldwide;2022;Totalchemicalindustry,includingpharmaceuticals.Source(s):CHEManager;VCIBrandvalueofthechemicalindustryworldwidefrom2015to2023(inmillionU.S.dollars)Globalchemicalindustry'sbrandvalue2015-202370,00060,00050,00040,00061,67059,08856,17549,87738,39133,99131,17327,55930,00020,00010,000025,6572015201620172018201920202021202220239Description:Theglobalchemicalsindustryhadabrandvalueofnearly62billionU.S.dollarsin2023.Thatreflectedanincreaseofmorethan36billionU.S.dollarscomparedtotheworldwidebrandvalueofthechemicalsindustryin2015.

ReadmoreNote(s):Worldwide;2015to2023Source(s):BrandFinanceCHAPTER

02TradeValueofchemicalexportsworldwidefrom1990to2022(inbillionU.S.dollars)Globalchemicalexportvalue1990-20222,0001,8001,6001,4001,2001,00080060040020001990

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202211Description:In2022,theglobalchemicalindustrywitnessedremarkablegrowth,withthetotalvalueofchemicalexportsreachinganimpressive1.8trillionU.S.dollars.Thissignificantfigurehighlightsthepivotalrolethatthechemicalsectorplaysindrivinginternationaltradeandeconomicdevelopment.ReadmoreNote(s):Worldwide;1990to2022Source(s):AmericanChemistryCouncil;CEFIC;IHSMarkit;UnitedNations;USCensusBureau;Varioussources(regionalandnational);VCI;WTOValueofglobalchemicalexportsin2022,byregion(inbillionU.S.dollars)Globalchemicalexports2022,byregionExportvalueinbillionU.S.dollars0100200300400500600700800EuropeAsia-Pacific758.9673.3NorthAmerica217.7AfricaandMiddleEastLatinAmerica93.429.8FormerSovietUnion2212Description:In2022,theglobalchemicalexportsbyregionvariedsignificantly.Europeemergedastheleadingregionwiththehighestvalueofchemicalexportsatover758.9billionU.S.dollars.TheAsia-PacificregioncloselyfollowedEurope,withchemicalexportsreaching673.3billionU.S.dollars.ReadmoreNote(s):Worldwide;2022Source(s):AmericanChemistryCouncil;CEFIC;IHSMarkit;UnitedNations;USCensusBureau;Varioussources(regionalandnational);VCI;WTOCountrieswiththelargestshareofglobalchemicalexportsin2022Countryranking-shareofglobalchemicalexports2022Shareofglobalchemicalexports0%2%4%6%8%10%12%GermanyChina10.1%9.3%UnitedStatesBelgium9%7.3%NetherlandsSwitzerlandIreland5.6%5.1%4.6%France4.2%SouthKoreaJapan3.8%3.2%3.2%Italy13Description:By2022,Germanyhadestablisheditselfasaprominentglobalplayerinchemicalexports,claimingthetopspotwitha10.1percentshare.TheUnitedStatesalsomadeanoteworthycontribution,holdingasubstantial9.3percentshareintheworldwidedistributionofchemicalexports.ReadmoreNote(s):Worldwide;2010to2022;Exportsofthechemical-pharmaceuticalindustrySource(s):CHEManager;VCIValueofchemicalimportsworldwidefrom2018to2022(inbillionU.S.dollars)Globalchemicalimportvalue2018-20222,0001,8001,795.21,582.81,6001,4001,2001,0008001,499.21,425.31,324.960040020002018201920202021202214Description:Theglobalchemicalsectorsawgrowthin2022,withthetotalvalueofchemicalimportsreaching1.8trillionU.S.dollarsthatyear.Thisrepresentsasignificantincreasefrom1.3trillionU.S.dollarsin2020.ReadmoreNote(s):Worldwide;2018to2022Source(s):AmericanChemistryCouncil;CEFIC;IHSMarkit;UnitedNations;USCensusBureau;Varioussources(regionalandnational);VCI;WTOValueofchemicalimportsworldwidein2022byregion(inbillionU.S.dollars)Valueofglobalchemicalimportsbyregion2022ImportvalueinbillionU.S.dollars300

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5000100200600700800900EuropeAsia-Pacific775.2603.6NorthAmerica247AfricaandMiddleEastLatinAmerica85.764.4FormerSovietUnion19.415Description:In2022,Europeledtheworldinchemicalimports,withatotalvalueof775.2billionU.S.dollars,demonstratingahighdemandforchemicalproductsintheregion.TheAsia-PacificandNorthAmericanregionsalsoshowedsubstantialdemand,withimportvaluesof603.6billionand247billionU.S.dollarsrespectively.ReadmoreNote(s):Worldwide;2022Source(s):AmericanChemistryCouncil;CEFIC;IHSMarkit;UnitedNations;USCensusBureau;Varioussources(regionalandnational);VCI;WTOCHAPTER

03Leadingcompanies2023rankingofthegloballeadingchemicalcompaniesbasedonrevenue(inbillionU.S.dollars)2023globallistofleadingchemicalcompaniesbasedonrevenueRevenueinbillionU.S.dollars30

40010205060708090100BASF,GermanyDow,U.S.94.8356.9LyondellBasellIndustries,U.S.LGChem,SouthKoreaNutrien,Canada50.4539.2737.87MitsubishiChemicalHoldings,JapanLinde,Ireland33.5533.3632.51AirLiquide,FranceUmicore,Belgium31.5231.52HengliPetrochemical,China17Description:TheGermanchemicalcompanyBASFwasrankednumberoneintherankingoftheworld'sleadingchemicalcompaniesbasedonrevenue,generatingarevenueofapproximately94.85billionU.S.dollarsin2022.Followthislinktogetaccesstothetop300chemicalcompanieslist.ReadmoreNote(s):Worldwide;2022and2023Source(s):ThomsonReuters;Varioussources(companydata)2023rankingoftheleadingglobalchemicalcompaniesbasedonnetincome(inbillionU.S.dollars)2023globallistoftopchemicalcompaniesbasedonnetincomeNetincomeinbillionU.S.dollars012345678Nutrien,CanadaShin-EtsuChemical,JapanLinde,Ireland6.855.064.49SociedadQuimicayMineradeChileSA,ChileAlbemarleCorp,U.S.3.863.68TianqiLithiumCorp,ChinaLyondellBasellIndustries,U.S.CFIndustriesHoldingsInc,U.S.AirLiquide,France3.373.043.022.95Dow,U.S.2.9Mosaic,U.S.2.84XinjiangDaqoNewEnergyCoLtd,ChinaAirProductsandChemicals,U.S.2.52.1618Description:ThechemicalcompanyNutirienwasthenumberoneleadingglobalchemicalcompanyina2022globalrankingbasedonnetincome,withanetincomeofapproximately6.85billionU.S.dollars.TheShin-EtsuChemicalCompany,headquarteredinJapan,wasrankedsecond,withanetincomeof5.06billionU.S.dollars.ReadmoreNote(s):Worldwide;2022to2023Source(s):ThomsonReuters;Varioussources(companydata)MarketcapitalizationoftheleadingchemicalcompaniesworldwideinMarch2023(inbillionU.S.dollars)Globalleadingchemicalcompaniesbasedonmarketcapitalization2023MarketcapitalizationinbillionU.S.dollars40

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100020120140160180200Linde,IrelandAirLiquide,France174.6782.27AirProductsandChemicals,U.S.Shin-EtsuChemical,JapanWanhuaChemicalGroup,ChinaBASF,Germany64.4159.6845.6145.5245.44Ecolab,U.S.Nutrien,Canada40.54Dow,U.S.39.8338.33LGChem,SouthKoreaLyondellBasellIndustries,U.S.Albemarle,U.S.30.5829.68Givaudan,SwitzerlandInternationalFlavors&FragrancesNanYaPlastics,Taiwan27.0722.4419.6319Description:AsofMarch2023,theIrish-headquarteredindustrialgasesandchemicalscompanyLindereachedamarketcapitalizationofnearly175billionU.S.dollars,whichmadeittheworld'sleadingchemicalcompanybasedonmarketcap.Basedonrevenue,however,BASFwasthetopchemicalcompanyworldwide.ReadmoreNote(s):Worldwide;asofMarch9,2023Source(s):FinancialTimes;ThomsonReuters;Varioussources(Companydata)2023rankingoftheleadingchemicalcompaniesworldwidebasedonnumberofemployees(in1,000s)Globalchemicalcompaniesbasedonnumberofemployees2023Numberofemployeesinthousands400206080100120BASFSE,GermanyMitsubishiChemicalGroupCorp,JapanAirLiquide,France111.469.7867.1165.83LindePLC,UnitedKingdomTorayIndustriesInc,JapanEcolabInc,UnitedStates48.844746.75AsahiKaseiCorp,JapanKualaLumpurKepongBhd,MalaysiaChinaPetroleumEngineeringCorp,ChinaENNNaturalGasCoLtd,ChinaHengliPetrochemicalCoLtd,ChinaDowInc,UnitedStates4341.538.9738.5537.8KingboardHoldingsLtd,HongKong3520Description:Inarankingoftheworld'slargestchemicalcompaniesbasedonnumberofemployees,theGermanchemicalcompanyBASFwasrankedfirst,withapproximately111,400employees.MitsubishiChemicalGroupCorp,headquarteredinJapan,wastheworld'ssecondlargestchemicalcompanybasedonnumberofemployeeswith69,780employeesworldwide.ReadmoreNote(s):Worldwide;June2023*;*RankingcompiledinJune2023basedonlatestavailableemploymentfigures.ReadmoreSource(s):ThomsonReuters;Varioussources(companydata)AnnualrevenueofBASFfrom2000to2023(inmillioneuros)BASF'sannualrevenue2000-2023100,00090,00080,00070,00060,00050,00040,00030,00020,00010,00002000

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202321Description:In2023,BASFgeneratedarevenueofaround68.9billioneuros.Thisrepresentedadecreaseofmorethan20percentincomparisontothepreviousyear.BASFisthelargestdiversifiedchemicalcompanyintheworld.

ReadmoreNote(s):Worldwide;2000to2023;*BASFhasappliedInternationalFinancialReportingStandards10and11aswellasInternationalAccountingStandard19(revised)sinceJanuary1,2013.Figuresfor2012havebeenrestated;norestatementhas[...]

ReadmoreSource(s):BASFRevenueofDowfrom2005to2023(inmillionU.S.dollars)Dow'srevenue2005-202370,00060,00050,00040,00030,00020,00010,00002005

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202322Description:In2023,Dowgeneratedsome44.6billionU.S.dollarsofrevenue,adecreaseofabout22percentincomparisontothepreviousyear.Thiswasthelowestfigurerecordedsince2020–ayearmarkedbytheCOVID-19pandemic–whenDow'srevenuehaddroppedtosome38.5billiondollars.DowisaU.S.-basedchemicalcompany,andoneofthelargestcompaniesinthechemicalindustryworldwide.ItisheadquarteredinMidland,Michigan.

ReadmoreNote(s):Worldwide;2005to2023Source(s):DowChemicalRevenueofLyondellBasellfrom2010to2023(inmillionU.S.dollars)LyondellBasell'srevenue2010-202360,00050,45148,18350,00040,00030,00020,00010,000046,17345,35245,60844,06241,10738,93939,00434,48434,72732,73529,18327,7532010201120122013201420152016201720182019202020212022202323Description:In2023,LyondellBasellgeneratedapproximately41.11billionU.S.dollarsofrevenue.ꢀLyondellBasellIndustriesisachemicalcompanyheadquarteredinHouston,Texas.Itwasformedin2007,whenBasellPolyolefinsacquiredLyondellChemicalCompany.Itisoneofthelargestchemicalcompaniesintheworld.ReadmoreNote(s):Worldwide;2010to2023Source(s):LyondellBasellCHAPTER

04ConsumptionTotalglobalchemicalconsumptionvaluefrom2004to2022(inbillioneuros)Totalchemicalconsumptionvalueworldwide2004-20228,0007,0006,0005,0004,0003,0002,0001,00002004

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202225Description:In2022,globalchemicalconsumptionwasvaluedatanestimated7.5trillioneuros,markingasignificantrisefromthe1.96trillioneurosrecordedin2004.Thissubstantialincreasereflectsthegrowingdemandforchemicalsinvariousindustries,includingpharmaceuticals,agriculture,andmanufacturing.ReadmoreNote(s):Worldwide;2004to2022;Totalchemicalindustry,includingpharmaceuticals.Source(s):CHEManager;VCIGlobalconsumptionofchemicalsin2022,byregion(inbillioneuros)Consumptionofchemicalsbyworldregion2022Consumptioninbillioneuros01,0002,0003,0004,0005,0006,0007,000AsiaEurope3,456.581,013.32...ofwhichEU-27NorthAmerica(NAFTA)LatinAmericaAfrica770.3706.92472.6981.8438.96Australia/OceaniaWorldwide5,770.3226Description:Thisstatisticshowstheconsumptionofchemicalproductsworldwidein2022,distributedbyregion.Inthatyear,theconsumptionofchemicalproductswasworthoveronetrillioneurosinEurope.Ofthatamount,productsworth770.3billioneuroswereconsumedintheEuropeanUnion.ReadmoreNote(s):Worldwide;2022Source(s):CHEManager;VCIConsumptionofchemicalsinselectedcountriesin2022(inbillioneuros)Chemicalconsumptioninselectedcountriesworldwide2022Consumptioninbillioneuros05001,0001,5002,0002,5003,000ChinaUSA2,404.42582.83JapanGermanyIndia199.12207.03161.8168.14102.78127.9395.84BrazilSouthKoreaFranceTaiwanItaly90.3876.9MexicoRussiaTurkey60.3676.5227Description:Thestatisticoutlinestheconsumptionofchemicalsinselectedcountriesworldwidein2022.ThechemicalconsumptioninChinacameto2.4trillioneurosin2022.IntheUnitedStatesinthatsameyear,theconsumptionofchemicalsamountedtosome582.83billioneuros.ReadmoreNote(s):Worldwide;2022Source(s):CHEManager;VCICHAPTER

05MergerandacquisitionactivityTotalvalueofglobalchemicalmergerandacquisitiondealsfrom2010to2022(inbillionU.S.dollars)ValueofdealsinchemicalsectorM&As2010-202225020015023321513910410510010084686858544642500201020112012201320142015201620172018201920202021202229/statistics/398382/total-value-of-chemical-industry-merger-and-acquisition-dealsIn2022,thetotalvalueofmergerandacquisition(M&A)dealsworldwideinthechemicalindustrywas68billionU.S.dollars,whichrepresentsa35.2percentdecreasefromthetotalchemicalM&Avalueworldwidein2021of105billionU.S.dollars.

ReadmoreNote(s):Worldwide;2010to2022Source(s):KPMG;ThomsonReuters(ThomsonOne)Numberofglobalchemicalmergerandacquisitiondealsfrom2010to2022NumberofdealsinchemicalsectorM&As2010-20221,4001,2001,2511,1511,1331,1271,1141,1171,0629869799779671,0008006004002000883870201020112012201320142015201620172018201920202021202230Description:In2022,therewasatotalof977mergerandacquisition(M&A)dealsannouncedwithintheglobalchemicalindustry.Thisisandecreaseincomparisonwiththepreviousyear,whenthenumberofM&Adealsstoodat1,251.

ReadmoreNote(s):Worldwide;2010to2022Source(s):KPMG;ThomsonReuters(ThomsonOne)Chemicaldealvolumeworldwidein2022,bytargetsectorGlobalchemicaldealvolumebytargetsector2022Dealvolume050100150200250300350400CommoditychemicalsSpecialtychemicals342139FertilizersandagriculturalchemicalsIndustrialgases481231Description:In2022,therewasatotalof342mergersandacquisitions(deals)inthecommoditychemicalssectorworldwide.Thiswasthetargetsectorwithinthechemicalindustrywiththelargestnumberofdealsgloballyinthatyear.

ReadmoreNote(s):Worldwide;2022Source(s):Deloitte;S&PCapitalIQValueofchemicalmergersandacquisitionsdealsworldwidein2023,byregion(inbillionU.S.dollars)Chemicalmergersandacquisitionsvaluebyworldregion20233529.63025201510523.4119.71.80AsiaPacificNorthAmericaEuropeLatinAmericaAfrica32/statistics/801658/chemical-mergers-and-acquisition-value-by-world-regionThisstatisticshowsthetotalvalueoflocalchemicalmergersandacquisitionsworldwidein2023,brokendownbyregion.Inthatyear,thetotalvalueoflocalchemicalmergersandacquisitionsinNorthAmericaamountedto23.4billionU.S.dollars.

ReadmoreNote(s):Worldwide;2023Source(s):KPMGNumberofchemicalindustrymergersandacquisitionsdealsworldwidein2023,byregionGlobalchemicalmergersandacquisitionsbyregion202330024625020015010050129961990AsiaPacificEuropeNorthAmericaRegionLatinAmericaAfrica33Description:Thisstatisticshowsthenumberofchemicalindustrymergersandacquisitionsworldwidein2023,brokendownbyregion.Inthatyear,some246chemicalmergersandacquisitionstookplaceintheregionofAsiaPacific.

ReadmoreNote(s):Worldwide;2023Source(s):KPMGValueofselectedchemicalindustrydealsworldwideannouncedandcompletedin2022(inbillionU.S.dollars)Announcedandcompletedchemicalindustrydealsbyvalueworldwide2022ValueofdealinbillionU.S.dollars.024681012CelaneseCorp.(DuPontdeNemours`sMobilityDivision)*AdventInternationalCorp.,KoninklijkeDSMNV`sHighperformanceEngineerin…AdventInternationalCorp.(LANXESSAG'sHigh-PerformanceMaterials…Cinven(BayerAG'sEnvironmentalScienceProfessionalbusiness)*PetronasChemicalsGroupBerhad(PerstorpHoldingAB)*1142.72.62.4AMCIAcquisitionCorp.II(LanzaTechNZInc(ownedbyLanzaTechInc))**INEOSInvestment(Shanghai)CoLtd(INEOSHoldingLtd.)(ShanghaiSECCO…AvientCorp.(KoninklijkeDSMNV'sProtectiveMaterialsBusiness)*ShandongEnergyZiboQixiangTengdaChemicalGroupNewCoLtd(ownedby…CompagniedeSaint-GlobainSA(GCPAplpliedTechnologiesInc.)*1.81.61.51.32.334Description:Accordingtothelateststatistics,theglobalchemicalindustryhaswitnessedseveralhigh-valuedealsin2022.ThemostvaluablecompleteddealintheindustrywasCelaneseCorp'sacquisitionofDuPontdeNemours'sMobilityDivision,whichwasvaluedat11billionU.S.dollars.ReadmoreNote(s):Worldwide;2022Source(s):KPMG;ThomsonReuters(ThomsonOne)Leadingchemicalindustrydealsworldwidebasedonvalueinthefirsthalfof2023(inbillionU.S.dollars)*ValueofleadingchemicalindustrydealsworldwideasofH12023ValueinbillionU.S.dollars01234567898.2ApolloGlobalManagement,LLCandAbuDhabiInvestmentAuthority(Univar…AbuDhabiNationalOilCo.andApolloGlobalManagement(BraskemS.A.)HangzhouOxygenPlantGroup(ownedbyHangzhouCapital)(ZhejiangYingde…JapanInvestmentCorp.(JSRCorp.)7.67.26.3SolenisInternationalLLC(ownedbySiguraWater)(DiverseyHoldingsLtd.)AllkemLtd.(LiventCorp.)4.63.83.6AramcoOverseasCo.BV(ownedbySaudiAramco)(RongshengPetrochemical…GICCapital(MesserSE&CoKGaA)2.12.1UniparCarbocloroS.A.(BraskemS.A.)VivoEnergyLtd.(EngenLtd.(ownedbyPETRONASInternationalCorp.Ltd.))235Description:AsofH12022,thependingbidbyApolloGlobalManagement,LLCandAbuDhabiInvestmentAuthoritytoacquireUnivarSolutionsInc.wasthemostvaluabledealinthechemicalindustry,withavalueof8.2billionU.S.dollars.ThesecondmostvaluabledealwasthependingbidbyAbuDhabiNationalOilCo.andApolloGlobalManagementtoacq