2014-02-07 06:35:02 - Basic Chemicals in Australia: ISIC 2411 - a new market research report on companiesandmarkets.com
There were increasing worldwide concerns about the environmental impact of chemical manufacturing during the review period. Despite this, increases in overall market production in Australia boosted sales in the country´s basic chemicals market.
The market grew at an average annual rate of 8% throughout the review period to reach nearly A$12 billion in value by the end of 2010. Despite rapid growth for the market, it remains vulnerable to economic cycles. Due to the global economic downturn at the end of the review period, sales declined in value by 2% in 2010.
The market production is mostly used as raw materials for further processing. Consequently, B2B consumers amounted to more than 99% of total sales in 2010. The market is not significant
in a global context. In comparison, the world´s largest basic chemicals industry, in the US, is 15 times larger in value. Demand in Australia is partly limited by extremely strict environmental regulations.
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