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European Chemical Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

The European chemical industry is expected to see a CAGR of 1.8% during the period (2019-2025). The chemical industry of Europe is among the largest manufacturing sectors; it is the second-largest producer of chemicals across the globe. In 2018, the European Union (EU) chemical industry represented nearly 7.5% of the EU manufacturing in terms of turnover. The chemical industries in the EU are energy-intensive and have been facing tough competition from other regions.

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European Chemical Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

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  1. Orion Market Research European Chemical Market Share, Trends, Size, Research and Forecast 2019-2025 Request https://www.omrglobal.com/request-sample/european-chemical-market ------------------------------------------------------------------------------------ a free sample of our report on European Chemical Market Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780304040

  2. European chemical industry will see a considerable growth of 1.8% during the forecast period. Key importers of Norwegian gas in Europe include UK, Germany, Belgium, and France. Currently, the natural gas and crude oil producers are facing concerns regarding production and supply due to the widespread of COVID-19 pandemic. For instance, on 24th March 2020, Equinor ASA, the second-largest natural gas supplier to Europe declared to cut investments, exploration drilling, and operating costs as part of a $3.0 billion plan that aims to survive in the COVID-19 crisis and War between Russia and Saudi Arabia on crude oil prices. A full Report of European Chemical Market is Available at: https://www.omrglobal.com/industry- reports/european-chemical-market The action plan for 2020 includes reducing organic capital expenditures from $10-$11 billion to nearly $8.5 billion and decreasing exploration activity from nearly $1.4 billion to nearly $1.0 billion. This, in turn, will affect its production capacity of crude oil and natural gas. As the company is the second-largest natural gas supplier to Europe, the petrochemical production is also expected to suffer due to the reduction in Equinor investment in exploration activities. Apart from these, a supply chain disruption due to the COVID- 19 is impacting chemical production in Europe. However, increasing the production of personal protective equipment and hand sanitizers will increase the demand for petrochemicals in the region. To learn more about this report request a free sample copy @ https://www.omrglobal.com/request- sample/european-chemical-market Key questions addressed by the report •What is the market growth rate during the forecast period? •Which segment/region dominates the market in the base year? •Which segment/region will project the fastest growth in the market during the forecast period? •How COVID-19 will impact the market growth in 2020 and coming years? •Who is the leader in the market? •How players are addressing challenges to sustain growth? •Where is the investment opportunity? European Chemical Market – Segmentation By Type •Petrochemicals •Basic Inorganic •Polymers •Specialty Chemicals •Consumer Chemicals •Others (Auxiliaries for Industry)

  3. European Chemical Market – Segmentation by Geography •UK •Germany •France •Italy •Spain •Rest of Europe Company Profiles •BASF SE •Bracco Group •Croda International PLC •Elementis PLC •INEOS Group •Johnson Matthey (JM) •Kem One •LyondellBasell Industries N.V. •RadiciGroup •Synthomer PLC For More Customized Data, Request for Report Customization https://www.omrglobal.com/report- customization/european-chemical-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research- based services. For More Information, Visit Orion Market Research Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404

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