Growing number of chemical manufacturing industries, increasing oil gas exploration activities, demand for downstream processing industries along with stringent regulations regarding the environmental impacts are key factors contributing to high CAGR during the forecast period.
According to the current analysis of Reports and Data, the global North America Chemical Licensing Market was valued at USD 11.07 billion in 2018 and is expected to reach USD 16.7 Billion by the year 2026, at a CAGR of 5.3%. North America Chemical Licensing is a branch of intellectual property licensing with the help of which industrial end users can own the rights to use a particular chemical. The North America Chemical Licensing involves permission in usage of the technology in manufacturing of Carbon byproducts. The growing demand for carbon byproducts in various industries and the introduction of efficient advanced technology for the production of those derivatives are the factors driving the industry. The country like India included materials like Hydrocyanic acid byproducts, Phosgene its byproducts, and Isocyanates di-isocyanates of hydrocarbons in compulsory licensing list due to its hazardous nature as mentioned in international conventions. Rising population, growing manufacturing industry, along with strict government regulations in chemical industry, are expected to support the growth in upcoming years.
The falling crude oil prices, rising demand for downstream industries, and increasing oil gas exploration activities are likely to provide growth opportunities for the market. The global growth in industrial output had a significant impact on the industry, which in turn, expected to drive the growth during the forecast period. The limited adoption of licensing technology and its higher cost may limits the growth during forecasted period.
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Top Companies: Johnson Matthey, Mitsubishi Corporation, Sumitomo, ExxonMobil, Shell, Chevron Phillips Company among others
Top Companies Profiled in the Report:
North America Chemical Licensing are mandatory for setting up of new plant and thus are an essential part of the Oil Gas industry. The advancements in the oil gas industry due to the increasing demand is attributing towards the growth of the market.
With the rising incidences of illegal drug trafficking, there is a significant increase in the demand for industry across the globe
The technologies manufacturing Polyethylene and Ethylene derivative polyvinyl chloride are in high demand in the market; this demand may propel the C2 derivatives segment.
The North America region is expected to witness lucrative growth at a CAGR of 4.9% owing to the growing number of production and manufacturing facilities.
Asia Pacific is expected to register a CAGR of 5.8% due to the rapid adoption of advanced technologies positioned in this region
Increasing demand for Polyethylene and ethylene dichloride polyvinyl chloride manufacturing technologies are some factors which is expected to drive the industry.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Type (Revenue, USD Billion; 2016–2026)
- C1 Derivatives
- C2 Derivatives
- C3 Derivatives
- C4 Derivatives
End Use (Revenue, USD Billion; 2016–2026)
- Oil Gas
- Chemical
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key North America Chemical Licensing market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global North America Chemical Licensing market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global North America Chemical Licensing market key players
3.2 Global North America Chemical Licensing size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the North America Chemical Licensing market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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