Hyderabad, March 07, 2017 (GLOBE NEWSWIRE) -- The report, " Chemical Intermediates Market: By Type (Reagents, Solvents, Building blocks, Protective groups and others,); By application (Pharmaceutical, Petrochemical, Lubricants, Agriculture, and others), By Form and By Geography - Forecast (2017 - 2022) ", published by IndustryARC, the global Chemical Intermediates market revenue is fis projected to witness a high growth by 2021 with major industry demand stemming from pharmaceutical application.
Browse 16 Market Tables, 42 Figures spread through 180 Pages and an in-depth TOC on " Chemical Intermediates Market " http://industryarc.com/Report/1269/Chemical-I...eport.html
Chemical intermediates are generally produced through synthetic process to generate a desirable product such as reagent, solvent, building blocks, protective group and some others, which are actively used in further reactions. Furthermore, chemical intermediate is an essential element for the production of basic everyday requirements such as textiles, soaps, polyvinyl chloride (PVC) and other plastics. These intermediate chemicals exist in all forms, for example - Caustic Soda is a solid, Ethylene Dichloride is a Solvent, and Vinyl Chloride Monomer is in Gaseous state. The basic reasons for the consistent increase in usage of chemical intermediate is growth in industries like petrochemicals, organic, inorganic, dyes, paints, agrochemicals, pharmaceuticals and more. Chemical intermediate is highly admissible in Petrochemical industry. Some of the commercially used petrochemical intermediates include vinyl acetate for paint, paper and textile, vinyl chloride for polyvinyl chloride, ethylene glycol for polyester - textile fibers as well as in plastic manufacturing.
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APAC market has exhibited higher adoption of chemical intermediates in recent years owing to growing construction and pharmaceutical industry in this region. Favorable building activity in China and other developing countries is likely to continue through the forecast period, providing opportunities for intermediates such as reagents, solvents, building blocks and more. Pharmaceuticals industry is well established and diverse in terms of products, active ingredients, manufacturing processes and regulations across regions. Chemical intermediates are generally organic chemicals used in the production of pharmaceutical active ingredients.
Market gains will also be aided by the recovery of new housing construction in the US and much of Western Europe, as well as Australia and Japan, from low 2011 bases. Some of the major players involved in this market include BASF SE, The Dow Chemical Company, SABIC, Stepan Company, AkzoNobel N.V. and more. These manufacturers are actively investing in scaling up its position in the market and are able to attract profitable deals. Major firms are spending huge amounts of money in the development of efficient technologies and at the same time, new firms are coming up with cutting-edge product innovations, resulting in tremendous increase in the degree of competition. Consequently, product launches, mergers & acquisitions along with partnerships by companies, universities as well as individual researches has been frequenting the chemical intermediate market headlines.
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The escalating demand for pharmaceuticals, especially in APAC is yet a vital factor which is all set to drive the chemical intermediates market.
APAC market will exhibit growth with a high CAGR by 2021 surpassing the European market. Despite being, a mature industry, pharmaceutical suppliers continue to evolve to meet the challenges of regulations, growing consumer demands, increased emphasis on sustainable products, globalization, cost pressures and more. Suppliers such as BASF and The Dow Chemical Company have been successful in balancing their bottom lines from chemical intermediates for pharmaceutical applications. These companies have witnessed growth in recent years with the launch of new products as well as agreements with end users by the companies. Combined efforts of R&D and technical services of these companies are developing new intermediate products to meet customer’s requirement. Moreover, mergers and acquisitions have been undertaken to augment product portfolio and leverage capabilities of the acquired company. The growing markets for chemical intermediates in Asia Pacific due to huge demand from pharmaceuticals and construction industry will also have a significant impact on the adoption of these products in this region. This market is expected to continue to grow significantly due to improved formulations and by wider end-user acceptance of solvents and reagents.
Following key players were also covered as part of the market landscape analysis:
- BASF SE
- The Dow Chemical Company
- Stepan Company
- Saudi Basic Industries Corporation (SABIC)
- Akzo Nobel N.V.
- Evonik Industries
The market has also been analyzed for four geographic regions which include North America, APAC, Europe and Rest of the World.
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- Get a detailed picture of the chemical intermediates market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market's major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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