The Organic Basic Chemical Manufacturing industry plays an important role in the UK chemical sector. Operators convert crude oil and natural gas into basic organic chemicals such as olefins. Many of the products manufactured are the fundamental building blocks in a variety of consumer and industrial products.
The revenue of the Organic Basic Chemical Manufacturing industry plummeted in response to the financial crisis and more than halved in the space of two years. The industry has since recovered somewhat, but is still significantly smaller than its pre-recession size.
Companies in this industry manufacture organic chemicals via basic processes such as thermal cracking and distillation. Manufactured from refined petroleum or liquid hydrocarbons sourced from the upstream oil and gas extraction industries, the industry’s products are used in a wide variety of products including consumer goods, automotive components and various durable and consumable goods.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.