The "Germany Chemical Licensing Market Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering.
Germany's chemical licensing market is expected to grow at a CAGR of 1.6% from estimated value of US$1.14 billion in 2024 to US$1.24 billion in 2029.
In Germany, a well-established industry bolsters companies in exploring the complexities of chemical licensing, whereas law firms specializing in environmental law offer legal counsel on chemical controls and compliance techniques. German chemical companies, known for their export-oriented approach, allow their technologies to international accomplices to grow their around-the-world presence without direct investment in new sectors. This methodology advances market development and permits other companies to overhaul their operations, thereby expanding the requirement for licensed advances.
Increasing infrastructure development and industrial presence is anticipated to boost the German chemical licensing market growth
Germany is home to persuasive chemical companies such as BASF, Bayer, and Evonik, with broad experience and progressed innovations. These companies develop innovative chemical processes and advanced technologies, that can be authorized to other companies domestically and internationally. Germany's industrial foundation is profoundly developed, supporting proficient generation, logistics, and distribution.
Integrated chemical parks and clusters create a conducive environment for manufacturing and innovation, facilitating collaboration, resource sharing, and technology transfer, making licensing agreements attractive. According to the Expert Committee on Specifications for Pharmaceutical Preparations (ECSPP), the German chemical industry offers integrated parks with pipeline grids for various chemical substances. Out of the 29 clusters, two are near sea harbors, 24 have railway connections, 27 are highways, and 22 can be accessed via waterways. The sites cover approximately 12600 hectares, with 1570 hectares available for new development. This represents the use of chemicals in diverse industries in Germany which will require complying with chemical licensing, fuelling the market expansion.
Various favorable government regulations to increase the German chemical licensing market expansion
More sustainable and effective chemical processes are being developed as a result of Germany's strict regulations regarding the environment. To comply with such regulations, businesses are encouraged to innovate, leading to the development of cutting-edge technology that may be licensed to other organizations looking to enhance their environmental performance. The market in Germany for licenses is expected to grow as demand for these cutting-edge, compatible technologies rises in response to increasingly strict global environmental rules.
The ECHA website offers information on REACH and registration obligations, where Germany government resources provide specific information on national chemical regulations. Germany adheres to a strict EU REACH framework for safety and environmental protection, requiring companies to comply with legal operations. Increased regulatory scrutiny is expected, necessitating greater emphasis on licensing and compliance. The German chemical industry is known for innovation, constantly developing new chemicals, which often require REACH registration or licensing procedures.
Additionally, Germany's stringent environmental regulations encourage companies to adopt efficient, eco-friendly chemical processes, with licensing agreements often providing access to advanced technologies, driving market growth.
High compliance costs could hinder the German Chemical licensing market expansion
Germany's regulatory body registration and licensing procedures can be costly and burdensome for small and medium-sized enterprises in the chemical sector. High compliance costs and potential risks can discourage SME companies from developing new chemicals, leading to a shift in focus from core activities to ensuring compliance with chemical licensing regulations. The demand for skilled professionals in these procedures may surpass available talent, increasing costs. Financial aid programs and collaboration within the chemical industry can help offset compliance costs and promote cost-effective solutions.
Germany Chemical Licensing Industry Updates:
- February 2024-Evonik, a leading specialty chemicals company based in Germany, partnered with the University of Mainz to commercialize a new class of PEG lipids for nucleic acid delivery. The randomized polyethylene glycols (rPEGs), designed to improve immunogenicity, will be part of Evonik's specialized lipid platform. The license agreement aims to meet customer and market needs, with technical grade rPEG-lipids expected to be available in the second half of 2024.
- January 2024-German company BASF Corporation and Lubrizol Corporation have signed a license agreement for the production and distribution of selected EMGARD and Plurasafe industrial products were marketed under a new Lubrizol brand name starting April 1, 2024.
Key Attributes:
Report Attribute | Details |
No. of Pages | 98 |
Forecast Period | 2024 2029 |
Estimated Market Value (USD) in 2024 | $1.14 Billion |
Forecasted Market Value (USD) by 2029 | $1.24 Billion |
Compound Annual Growth Rate | 1.6% |
Regions Covered | Germany |
Key Topics Covered:
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GERMANY CHEMICAL LICENSING MARKET BY TYPE
5.1. Introduction
5.2. Inorganic Chemicals
5.3. Organic Chemicals
6. GERMANY CHEMICAL LICENSING MARKET BY APPLICATION
6.1. Introduction
6.2. Oil and Gas
6.3. Petrochemicals
6.4. Pharmaceuticals
6.5. Others
7. GERMANY CHEMICAL LICENSING MARKET BY STATE
7.1. Introduction
7.2. Berlin
7.3. Hamburg
7.4. Bremen
7.5. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
- Mitsubishi Gas Chemical
- ExxonMobil Chemical
- Eastman Chemical
- Dow
- Merck Millipore
- Valtris Specialty Chemicals
- RUDOLF
- Huntsman Corporation
- Nova Chemicals
For more information about this report visit https://www.researchandmarkets.com/r/auwl1v
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240920921250/en/
Contacts:
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900