The market is dominated by foreign suppliers, as imports account for 86.1% of total market size in 2021. B2B drives market demand, with B2B spending representing 97.7% of total demand in 2021. The UK has the seventh largest market size for basic chemicals regionally, with demand reaching USD18.0 billion in 2021. Ineos Ltd is the largest company in the UK, generating 27.5% of the industry’s total production value in 2021. The industry is concentrated, with the top five companies generating 64.0% of total production value in 2021. The costs of the industry increase by 13.4% in 2021, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 9.8% of production value in 2021, the 15th highest regionally. The industry’s exports share increases in 2021 to 77.4% of total production output. With production value of USD10.3 billion, the UK accounts for 3.8% of the Western Europe total in 2021.
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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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