Chemical Intermediates Market Analysis:
Chemical intermediates are produced through synthetic process in which the produced chemical substance is further transformed into a final product. These intermediate serve as essential elements to produce everyday necessities such as plastics, soaps, and textiles.
Chemical intermediates are available in multiple forms such as ethylene dichloride as a solvent and caustic soda as a solid.
COVID-19 scenario analysis
The impact of the COVID-19 pandemic has been significant in the chemical intermediates industry. This is attributed to increase in demand for disinfectants and rise in need for plastic and glass for the manufacturing personal protective equipment and protective gears. Furthermore, surge in demand for textile fabrics is expected in the near future to meet the growing health &hygiene requirements.
However, disruption of supply chain, fluctuation in petrochemical prices, and economic constraints are the key factors that are expectedto hamper the global market growth.
Top impacting factors: market scenario analysis, trends, and drivers
Chemical intermediate is used as a building block to produce a wide range of chemicals. Therefore, they are highly demanded in the market to undertake production of several chemical categories. Chemical intermediates are popularly used to produce basic agriculture chemicals, including pesticides and fertilize. As a result, growing agricultural production is the prominent growth driver of this market. Pharmaceutical industry is a regular consumer of chemical intermediates, where they are employed in the production of drugs as per the need. Factors that support the growth of the chemical intermediates markets include increase in prevalence of diseases and consistent efforts to develop new drugs.
Key players in this market are putting efforts to come up with new manufacturing process for chemical intermediate. Such initiatives are anticipated to develop new technologies that may help in creating ideal product formulation. This is further expected to create profitable growth opportunities to this market.
The revenue of the global chemical intermediates market is expected to witness a notable growth by 2021, especially from the pharmaceutical domain due to increase in prevalence of chronic diseases across the globe.
Key benefits of the report
- This study presents the analytical depiction of the global chemical intermediates market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global chemical intermediates market share.
- The current market is quantitatively analyzed to highlight the global chemical intermediates market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global chemical intermediates market research report:
- Which are the leading market players active in the global chemical intermediates market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Chemical Intermediates Market, by Type Report Highlights
| Aspects | Details |
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 Key Market Players | Akzo Nobel NV (the Netherlands), BASF SE (Germany), Stepan Company (U.S.), INVISTA (U.S.), LG Royal DSM (the Netherlands), SABIC (Saudi Arabia), Chevron Corporation (U.S.) |
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