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

Chemical licensing can be defined as the right to use a particular chemical technology for a period of time. To patent any technology, one has to go through a license contract that facilitates intellectual property licensing. Licensing is an important means of generating revenue from process innovations. Technology licensing is common in companies with large-scale manufacturing facilities, relatively homogenous products, and a large number of new plants. Licensing by chemical producers is now a significant share of all licensing in the industry. All companies are likely to use licensing while dealing with overseas investment, although some firms, enter the market of their origin. Not only firm do license technology but the investor also considers licensing to earn a return on 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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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