Global Chemical Licensing Market Size By Type (C1 Derivatives, C2 Derivatives, C3 Derivatives), By End-Use Industry (Oil and Gas, Chemical), By Geographic Scope And Forecast

Chemical Licensing Market Size And Forecast

Chemical Licensing Market size was valued at USD 11.15 Billion in 2021 and is projected to reach USD 19.17 Billion by 2030, growing at a CAGR of 6.4% from 2022 to 2030.

The favorable policies and regulations from the governing bodies and cost optimization strategies implemented by refiners are driving the demand for the Chemical Licensing Market. The growing demand from the region of Asia-Pacific is contributing to the growth of the demand. The Global Chemical Licensing Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Chemical Licensing Market Definition

Think of chemical licensing as getting permission to use a specific chemical technology for a set amount of time. If you want to patent any technology, you'll usually need a license contract, which helps with intellectual property licensing. Licensing is a great way to make money from coming up with new and improved processes. You'll often see technology licensing in companies that have huge manufacturing plants, make pretty much the same thing over and over, and are constantly building new facilities. Chemical companies licensing their tech makes up a big chunk of all licensing in the industry these days. Pretty much every company uses licensing when they're investing overseas, even if some of them also operate in their home market. It's not just companies that license technology, investors also look at licensing as a way to get a return on their investment technology.

Global Chemical Licensing Market Overview

The use of licensing is most marked in process operation technology for chemical and petrochemical. The developments are linked to tremendous growth, and the changes are reflected in the widespread licensing of chemical process technology. Chemical licensing is gaining importance due to the emergence of a class of specialized process design and engineering firms that plays an important role in the development and diffusion of process innovations.

Increasing demand for petrochemicals from developing countries, and stringent environmental regulations are driving the growth of the market. There are certain restraints and challenges faced which will hinder the overall Chemical Licensing market growth. In-house technology development by end-user and cost optimization and the high licensing cost are predicted to restrain the growth of the market during the forecast period.

Global Chemical Licensing MarketSegmentation Analysis

The Global Chemical Licensing Market is segmented on the basis of Type, End-Use Industry, And Geography.

Chemical Licensing Market, By Type

• C1 Derivatives• C2 Derivatives• C3 Derivatives• C4 Derivatives

Based on Type, The market is bifurcated into C1 Derivatives, C2 Derivatives, C3 Derivatives, and C4 Derivatives. The C2 Derivatives segment is the largest segment in the Chemical Licensing Market. Polyethylene and EDC-PVC manufacturing technologies come under the C2 Derivative and are high in demand in the market. This demand is driving the growth of the C2 Derivatives segment of the Chemical Licensing Market.

Chemical Licensing Market, By End-Use Industry

• Oil & Gas• Chemical

Based on End-Use Industry, The market is bifurcated into Oil & Gas and Chemical. Oil & Gas accounted for the largest end-use industry in the Chemical Licensing Market. The increasing demand for Oil & Gas has led to advancements and innovation in the oil & gas industry, this is one of the key factors driving the growth of the Chemical Licensing Market.

Chemical Licensing Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Chemical Licensing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific dominates the Chemical Licensing Market across the Globe. The huge number of refineries in countries such as India, China, and South Korea is the reason for the dominance of the Asia-Pacific region. Asia-Pacific is expected to be the fastest-growing region in the Chemical Licensing Market during the forecast period, due to the increasing demand for process licensing from downstream industries in the region.

Key Players

The “Global Chemical Licensing Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Shell Global Solutions, Exxon Mobil Corporation, Chevron Phillips Chemical Company, Sumitomo Chemical, Mitsubishi Chemical Corporation, Johnson Matthey, Mitsui Chemicals, Inc., Huntsman Corporation, Eastman Chemical Company, Nova Chemicals Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2021, ISSAR Pharmaceuticals which is a pioneer in peptide technology and drug innovation, made an announcement regarding the licensing of pre-IND filing and the US patent of its peptide-based, New Chemical Entities (NCEs). This collaboration is expected for helping ISSAR Pharmaceuticals in order to design and develop new peptide-based drugs which can be used against various diseases that are going ahead.

• In May 2021, A license agreement got issued to PeroxyChem by Enviro Tech Chemical Services, Inc., for using their intervention methods of using the peracetic acid in the poultry processing system and chill tanks.

• In May 2019, Hyundai Chemical Company, Ltd. selected Univation’s UNIPOL PE Technology for the New High-Density Polyethylene Plant. Hyundai is going to utilize a very huge range of the Univation’s HDPE product technology portfolio which includes an ACCLAIM K-100 Catalyst Series for the advancement of the HDPE products like Large Part Blow Molding (LPBM), film, and geomembrane applications.

• In May 2018, ExxonMobil Catalysts, Licensing LLC, and the BASF Corporation have signed an alliance agreement together in order to develop new gas treating solvents and different process technologies for utilization in natural gas processing and petroleum refining. Under this new agreement, the market of BASF and license technologies are going to be developed through this collaboration, along with the FLEXSORBTM and the OASE technologies.

• In September 2017, Air Liquide Engineering and Construction and the Mitsubishi Chemical Corporation collaborated in order to offer the licenses for Air Liquide E&C’s butadiene extraction technology and the MCC’s BTcB technology to and for the customers. These technologies can also be utilized for manufacturing butadiene through its substitution of the conventional path through the naphtha cracking or via normal butene.

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Reasons to Purchase this Report

We dig deep, using both numbers and more nuanced observations to understand the market by breaking it down into segments – looking at everything from economics to social trends. You'll get the market value (in USD Billion) for each of these segments and sub-segments. We'll also point out the region and segment we think will grow the fastest and be the biggest overall. Our analysis looks at different geographic areas, showing where the product/service is being used most and what's influencing the market in each place. We’ll map out the competitive scene, ranking the major players and highlighting their new service/product launches, partnerships, expansions, and acquisitions from the last five years. Expect detailed profiles of key companies, including an overview, insights, product comparisons, and a SWOT analysis. We cover the current and future market outlook, focusing on recent developments, growth opportunities, and the challenges facing both emerging and developed regions. We also provide an in-depth look at the market using Porter’s five forces and give you insights into the value chain. Finally, we'll lay out the market dynamics and growth opportunities to expect in the coming years, and you'll get 6 months of analyst support after your purchase.

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