The market is dominated by foreign suppliers, as imports account for 78.6% of total market size in 2020. B2B drives market demand, with B2B spending representing 98.4% of total demand in 2020. The UK has the seventh largest market size for basic chemicals in the region, with demand reaching USD16.5 billion in 2020. INEOS Group Ltd is the largest company in the UK, generating 40.8% of the industry’s total production value in 2020. The industry is concentrated, with the top five companies generating 70.3% of total production value in 2020. The total number of companies increases in 2020, to 1,247 units. The costs of the industry increase by 3.2% in 2020, largely driven by rising B2B costs. The industry’s profitability increases and stands at 10.4% of production value in 2020, the 15th highest in the region. The industry’s exports share decreases in 2020 to 71.7% of total production output. With production value of USD11.4 billion, the UK accounts for 5.0% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Basic Chemicals in the UK: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in the UK: ISIC 2411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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