New York, NY, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Chemical Licensing Market By Derivative Type (C1, C2, C3, and C4) and by End-Use (Oil & Gas and Chemical): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024”. According to the report, the global chemical licensing market was valued at approximately USD 10.43 billion in 2017 and is expected to generate revenue of around USD 13.96 billion by 2024, at a CAGR of around 4.62% between 2018 and 2024.
Industrial policy means rules, regulations, principles, and policies formulated by the government and some regulatory bodies in order to control and regulate industrial undertaking in a nation. Chemical licensing is a part of industrial policies. With fast-paced industrialization and liberalization, it is necessary to have a chemical license for all chemical manufacturing companies and organizations. It is essential to distinguish and safeguard the legal trade in chemical compounds and substances so that these compounds are not utilized for illegal purposes. The objective is to avoid illegal drug trafficking and patenting the chemical compounds and their proprietary technologies for producing these chemicals. There is an increase in the demand for chemical licensing across the globe for tackling drug trafficking. This is likely to boost the chemical licensing market in the upcoming years. Manufacturers that are involved in drug manufacturing for medical and pharmaceutical industry need to have a chemical license for the same. Stringent government regulations in some nations and the growing need for an additional number of downstream processing industries are likely to positively impact the chemical licensing market development over the forecast time period. However, the higher licensing cost of technologies might hamper this global market’s development in the future.
Browse through 49 Tables & 16 Figures spread over 136 Pages and in-depth TOC on “Global Chemical Licensing Market: By Type, Size, Share, Trends, Analysis, and Forecast, 2018—2024”.
Request Free Sample Report of Global Chemical Licensing Market Report @ https://www.zionmarketresearch.com/sample/chemical-licensing-market
The chemical licensing market is segmented based on derivative type and end-use. By derivative type, this market includes C1, C2, C3, and C4. The C2 derivative type is anticipated to dominate the global market in the future. On the basis of end-use, the market is bifurcated into chemical and oil and gas. The chemical industry is expected to dominate the market in the upcoming years, due to the growing number of chemical production and manufacturing facilities globally, especially in emerging economies.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global chemical licensing market. North American region held a substantial revenue share of the global chemical licensing market in the year 2017. Since the region is diverse and developed, it is expected to witness a high demand for chemical licensing due to faster adoption of new technologies by the region’s chemical industry. These are some factors that are expected to boost the region’s chemical licensing market growth in the upcoming years.
Download Free Report PDF Brochure: https://www.zionmarketresearch.com/requestbrochure/chemical-licensing-market
Asia Pacific is likely to grow at the highest rate in the chemical licensing market globally over the forecast time period. This growth can be attributed to the increasing number of small- and medium-sized enterprises with different chemical manufacturing and production facilities across the region. The rapid industrialization and improved production efficiency are anticipated to further drive this region’s chemical licensing market in the years ahead.
The European chemical licensing market is projected to provide significant opportunities in the upcoming years. This can be attributed to the growing demand for efficient chemical manufacturing methods and procedures and manufacturing equipment in this region.
Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/chemical-licensing-market
Some industry players operating in the global chemical licensing market include Chevron Phillips Chemical Company, Eastman Chemical Company, Exxon Mobil Corporation, Huntsman Corporation, Johnson Matthey, Mitsubishi Chemical Corporation, Nova Chemicals Corporation, Sumitomo Chemical, LyondellBasell, and Shell, among others.
Request customized copy of report @ https://www.zionmarketresearch.com/custom/3036
This report segments the global chemical licensing market into:
Global Chemical Licensing Market: Derivative Type Analysis
- C1
- C2
- C3
- C4
Global Chemical Licensing Market: End-Use Analysis
- Oil and Gas
- Chemical
Global Chemical Licensing Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Related Reports:
- Biodegradable Plastics Market: https://www.zionmarketresearch.com/report/biodegradable-plastics-market
- Construction Fabrics Market: https://www.zionmarketresearch.com/report/construction-fabrics-market
- Purified Terephthalic Acid (PTA) Market: https://www.zionmarketresearch.com/report/purified-terephthalic-acid-market
- Marine Lubricants Market: https://www.zionmarketresearch.com/report/marine-lubricants-market
- Acrylic Emulsions Market: https://www.zionmarketresearch.com/report/acrylic-emulsions-market
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research
Blog: http://usindustrynews.com | http://europeindustrynews.com | http://zmrresearchnews.us | http://zmrnewsanalysis.com
Contact Us:
Joel John
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com
Blog: http://zmrblog.com