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  • Chemical Licensing Market Growth Analysis | 2023-2028

    Chemical Licensing Market Growth Analysis | 2023-2028

    Chemical Licensing Market Growth Analysis | 2023-2028
    Report code - SR2622 Delivery - 2 Weeks
    Chemical Licensing Market Size, Share, Trends, Forecast, & Growth  Analysis - 202 See more...

    Market Insights

    The chemical licensing market was estimated at USD 9.7 billion in 2022 and is likely to grow at a promising CAGR of 6.2% during 2023-2028 to reach USD 13.93 billion in 2028.

    Chemical-Licensing-Market-Insighta

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    What is chemical licensing?

    The chemical licensing market refers to the process of granting licenses for the use, production, or distribution of chemical technologies, formulations, or products. It involves a licensor who owns the intellectual property rights to a particular chemical technology or product and grants permission to a licensee to use or commercialize it in exchange for certain fees or royalties.

    Chemical Licensing Market Report Highlights

    Market Size in 2022

    USD 9.7 billion

    Market Size in 2028

    USD 13.93 billion

    Market Growth (2023-2028)

    6.2% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Market Dynamics

    New and innovative chemical technologies often drive the licensing market. Companies that develop novel chemical processes or products may choose to license their technology to other firms that have the resources and capabilities to commercialize them more effectively. Licensing can be an attractive option for companies seeking to share the costs and risks associated with developing and commercializing chemical technologies. By granting licenses, licensors can leverage the expertise, infrastructure, and market presence of licensees, while licensees can gain access to new technologies without having to invest in extensive research and development.

    Chemical-Licensing-Market-Dynamics

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    Segment Analysis

    By Type

    The chemical licensing market is segmented into C1 derivatives, C2 derivatives, C3 derivatives, and C4 derivatives. C2 derivatives are expected to remain the largest in the market during the forecast period as they involve chemicals derived from two-carbon feedstocks, primarily ethylene. Ethylene is a key building block in the production of a wide range of chemicals, including polyethylene, ethylene oxide, ethylene glycol, and vinyl chloride. Ethylene-based derivatives have historically been in high demand due to their applications in plastics, packaging, and construction.

    By End-User Industry

    The market is segmented into Oil & Gas and Chemical. Oil & Gas is expected to remain the dominant as well as the fastest-growing end-user industry in the market during the forecast period as it encompasses activities related to the exploration, production, refining, and distribution of petroleum and natural gas. It is a critical supplier of raw materials for the chemical industry, providing feedstocks such as ethylene, propylene, benzene, and various other hydrocarbons. The oil and gas industry's dominance in the chemical licensing market can be attributed to its role in supplying essential chemical building blocks.

    Regional Insights

    North America is expected to remain the largest market for chemical licensing during the forecast period due to technological advancements, research and development, and innovation in the chemical sector. Many leading chemical companies and research institutions are based in North America, which has contributed to its prominence in the licensing market.

    The Asia-Pacific region has witnessed rapid growth in the chemical industry. Countries like China, India, Japan, and South Korea have emerged as major chemical manufacturing hubs, attracting investment and technological advancements. This growth has also led to an increase in licensing activities in APAC.

    Chemical-Licensing-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The chemical licensing market is segmented into the following categories.

    By Type

    • C1 derivatives
    • C2 derivatives
    • C3 derivatives
    • C4 derivatives

    By End User

    • Oil & Gas
    • Chemical

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Chemical-Licensing-Market-Segmentation

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    Key Players

    The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the chemical licensing market:

    • Shell Global Solutions
    • Exxon Mobil Corporation
    • Chevron Phillips Chemical Solutions
    • Sumitomo Chemical Solutions
    • Mitsubishi Chemical Solutions
    • Johnson Matthey
    • Mitsui Chemical Inc.
    • Huntsman Corporation
    • Nova Chemical Corporation 

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s chemical licensing market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

    The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Chemical Licensing Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQ)

    The chemical licensing market refers to the process of granting licenses for the use, production, or distribution of chemical technologies, formulations, or products. It involves a licensor who owns the intellectual property rights to a particular chemical technology or product and grants permission to a licensee to use or commercialize it in exchange for certain fees or royalties.

    The chemical licensing market was estimated at USD 9.7 billion in 2022.

    The chemical licensing market is likely to reach USD 13.93 billion in 2028.

    The chemical licensing market is likely to grow at a promising CAGR of 6.2% during 2023-2028.

    Shell Global Solutions, Exxon Mobil Corporation, Chevron Phillips Chemical Solutions, Sumitomo Chemical Solutions, Mitsubishi Chemical Solutions, Johnson Matthey, Mitsui Chemical Inc., Huntsman Corporation, and Nova Chemical Corporation are the leading players in the chemical licensing market.

    The Asia-Pacific is estimated to remain the fastest-growing market for chemical licensing in the foreseeable future as countries like China, India, Japan, and South Korea have emerged as major chemical manufacturing hubs, attracting investment and technological advancements.

    C2 Derivatives segment is estimated to dominate the market as it involve chemicals derived from two-carbon feedstocks, primarily ethylene. Ethylene-based derivatives have historically been in high demand due to their applications in plastics, packaging, and construction.

    Oil & Gas is expected to remain the dominant as well as the fastest-growing end-user industry in the market during the forecast period as it encompasses activities related to the exploration, production, refining, and distribution of petroleum and natural gas.

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