Chemical Intermediates Market: Overview
The international market for chemical intermediates has been prophesized to rise at a robust CAGR rate over the forecast timeframe that extends from 2017 to 2025. Such a growth of the market for chemical intermediates market is primarily due to the increasing demand for chemical intermediates in the manufacturing of plastics. Apart from that, another factor such as usage of chemical intermediates in the preservation of feeds is also expected to fuel market growth.
Taking vendor landscape into consideration, the market for chemical intermediates can be regarded as moderately fragmented and the market players has been focusing on strategically important moves like partnerships, mergers and acquisitions so as to reinforce their hold on the said market for chemical intermediates.
Chemical Intermediates Market: Trends and Opportunities
Intermediates refer to those molecules that are generated when a chemical substance is converted into a final product. Chemical intermediates are generated during each and every step of the chemical reaction that is meant to change a reactant into a final product. These chemicals are very highly reactive and have shorter period of life. These chemicals are used in various applications. For example, they are utilized in the manufacturing of detergents, coatings, plastics, fibers of elastic textile, and pharmaceutical & crop protectants. Apart from all of these, chemical intermediates are also utilized as agents of de-icing agents in the runways of airports.
There has been an increased requirement for chemical intermediates for its usage in the application of coatings. Chemical intermediates are used widely in the manufacturing of plastics. Such factors are driving the market for chemical intermediates. As such, many companies are making every possible effort to increase their production of chemical intermediates. In addition to that, hassle free availability of raw materials is also expected to bolster the requirement for chemical intermediates in the years to come.
There has been technological progress in the international market for chemical intermediates. Numerous companies are relentlessly trying to come up with better and new avenues for manufacturing of chemical intermediates. As new and better processes pertaining to the manufacturing of chemical intermediates come into existence, it is expected that the same would spearhead the global market for chemical intermediates.
However, there are factors that restrain the market growth as well. The price of raw materials remains volatile and as it is to adversely affect the market growth.
Chemical Intermediates Market: Geography
The market research report on chemical intermediates also includes regional analysis and segmentations of the said world market. In accordance with the said study, the market spreads across the regions of the Middle East and Africa (MEA), North America, Europe, Latin America and Asia Pacific (APAC). The region of North America is expected to comprise a major share of the market over the period of forecast that extends from 2017 to 2025.
Apart from that, Asia Pacific is forecasted to grow at a very rapid pace when it comes to the market for chemical intermediates in this region. Such rapid growth is due to the soaring demand of chemical intermediates in the industry of textile and leather in the Asia Pacific. The region of Middle East & Africa is forecasted be a lucrative regional market for the chemical intermediates. Such a rise in the demand for chemical intermediates in Middle East and Africa is owing to its requirement in the industry of textile in the said region.
Chemical Intermediates Market: Company Profiling
The Dow Chemical Company, BASF SE, INVISTA B.V, Saudi Basic Industries Corporation (SABIC), and AkzoNobel N.V are some of the topnotch players of the market.
For the purpose of this study, the market has been segmented as follows:
- Global Chemical Intermediates Market, by Type
- Building Blocks
- Protective Groups
- Chemical Intermediates Market, by Form
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.