The chemicals market, which involves the oil, midstream, downstream, and renewable fuel sectors, is set to experience rapid change due to changing economic conditions spurred by the pandemic and a new world aspiring to carbon neutrality.
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Chemical factories is a performance-based business model for sustainable chemicals management. Chemical Leasing aims at a more efficient use of chemicals in the production process by redefining the business relationship between the chemical factories and the supplier. 

The conventional business model assumes that the more you sell, the more you earn. However, in Chemical Leasing the supplier does not sell quantities. The supplier sells the performance, the function of the chemical factories. This is the service rendered by the chemical or the purpose for which the chemical is applied.

For example, the function of the chemical factories could be to clean or degrease metal parts, or to protect a surface. Payment is then made according to functional units, that is, the number of pieces cleaned or the extent of area coated.
Today, more than fifteen years later, there is no doubt that the performance-based business model, Chemical Leasing, can build the business case for sustainable chemical management by creating win-win situations for business partners and the environment.

Built on strong cooperation between partners and based on mutual trust, it increases the efficient use of chemicals, reduces the risks to human health brought about by their use, improves the economic and environmental performance of participating companies and ultimately enhances business performance. 
The International Council of Chemical Associations (ICCA) commissioned Oxford Economics to provide a detailed assessment of the chemical factories’s activities across the globe, and to quantify their total economic impact. Our analysis focuses on two key measures of economic value: the number of jobs sustained each year by the global chemical factories, and its contribution to the amount of gross domestic product (GDP) that different nations generate. We find that the chemical factories, its supply chain and payroll-induced impacts, made an estimated $5.7 trillion contribution to world GDP in 2017, and supported 120 million jobs. Dividing our analysis into five global regions, we find that the Asia-Pacific cchemical factories made the largest annual contribution to GDP and jobs in 2017.
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
The chemical factories creates an immense variety of products which impinge on virtually every aspect of our lives.

While many of the products from the industry, such as detergents, soaps and perfumes, are purchased directly by the consumer others are used as intermediates to make other products,  For example, in Europe, 70% of chemicals manufactured are used to make products by other industries including other branches of the chemical factories itself. The industry uses a wide range of raw materials, from air and minerals to oil.