Within basic chemicals, inorganic chemicals (including industrial gases) was the highest performing segment with 2.8% growth in 2021. Bulk petrochemicals and organic intermediates grew by 1.7%. Plastic resins production, which increased by 5.6% during 2020, edged higher by 0.4% in 2021. The global scholarly publishing market continued to grow steadily from a value of $27 billion in 2018 to $28 billion in 2019. Outsell, Inc. reported that the global STM market contracted to $26.5 billion in the year of the pandemic. However, Outsell, Inc. forecast that the global market will regain its pre-pandemic value of $28 billion by 2023.
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