According to the development, the chemical industry will gradually increase between 2013 and 2020, growing by just a little over a trillion dollars in the years leading up to 2020 due to the continued stagnation of the global economy and the downturn in the Chinese economy. Although the Chinese market grew by 25% between 2003 and 2013, it is predicted to decrease by 2/3 to 8% by 2020. As a result, it is anticipated that by 2020, the Chinese market would be worth around $2 trillion. From the almost three percent growth the European market experienced between 2003 and 2013, growth will only slightly decline to 2 percent through 2020, amounting to only $13 billion at that point. The North American market is expected to increase at a rate of 4% through 2020, reaching around $800 billion.