The market is dominated by foreign suppliers, as imports account for 81.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.3% of total demand in 2023. The UK has the fifth largest market size for basic chemicals regionally, with demand reaching USD22.6 billion in 2023. Ineos Ltd is the largest company in the UK, generating 28.4% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 65.9% of total production value in 2023. The total number of companies decreases in 2023, to 753 units. The costs of the industry increase by 4.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 10.1% of production value in 2023, the eighth highest regionally. The industry’s exports share decreases in 2023 to 70.9% of total production output. With production value of USD13.5 billion, the UK accounts for 4.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Basic Chemicals in the United Kingdom: 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 United Kingdom: ISIC 2411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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