North America commodity chemicals market is estimated to be valued at USD 60.49 Bn in 2025, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032. The North America commodity chemicals market has been growing consistently over the past few years owing to rising demand from various end-use industries such as construction, automotive, consumer goods, and pharmaceuticals in the U.S. and Canada. Commodity chemicals serve as crucial building blocks or feedstocks for a wide range of materials and products.
Market Dynamics:
The North America commodity chemicals market is witnessing significant growth driven by increasing consumption in several end-use industries such as construction, automotive, consumer goods, and pharmaceuticals. Rise in residential and non-residential construction projects in the U.S. and Canada has augmented the demand for commodity chemicals used in various building materials such as pipes, wires, paints, and adhesives. The rapidly growing automotive industry in the region also provides a fillip to the market. However, strict environmental regulations regarding Volatile organic compounds (VOC) emissions from commodity chemicals manufacturing plants acts as a major restraining factor. On the other hand, the focus on developing bio-based feedstocks for producing green chemicals presents a key opportunity for sustainable growth of the regional market. Growth in applications has prompted manufacturers to boost production of commodity chemicals across the region.
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