Chemical Intermediates Market - Forecast(2021 - 2026)

 

Chemical Intermediates Market Overview

Chemical Intermediates Market size is forecast to reach around $132.1 billion by 2026, after growing at a CAGR of 8.2% during 2021-2026. Chemical intermediate is used for manufacturing drugs and agriculture chemicals such as pesticides and fertilizer. The primary occupation of every country is agriculture, and the growing acceptance of sustainable farming is driving the market growth. The increasing demand for food coupled with surging population further drive the growth of agriculture sector, which in turn propel the market growth in the coming years. Efficient crop production with better quality is required to satisfy this growing demand. The demand for agrochemical products is projected to be driven by these factors, thereby positively impacting the demand of the chemical intermediates market. Moreover, the development in the end-use industries such as petrochemicals, paints, building and construction, and pharmaceutical are driving the Chemical Intermediate Market growth during the forecast period.
Impact of Covid-19
Due to the outbreak of the COVID-19, the demand of chemical intermediates in end use industry has reduced drastically, which tends to reduce the consumption of chemical intermediates, and thus constraining the growth of the market during the forecast period. 


Chemical Intermediates Market Report Coverage

The “Chemical Intermediates Market report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Chemical Intermediates Market.
By Form: Solid, Liquid, and Gas  
By Product: Ethylene Amines,  Monochloroacetic Acid (MCA), Caustic Products, Hydrochloric Acid, Chloromethanes, Hydrogen Peroxide, Sodium chlorate and Others.
By Application: Pharmaceutical, Agrochemical, Automotive, Petrochemical, Lubricants and Others.
By End Use Industry: Chemical & Petrochemical, Energy & Power, Transportation, Food & Beverages, Healthcare, Paint and Coatings, Agriculture, and Others.
By Geography: North America, South America, Europe, APAC, and RoW. 


Key Takeaways

  • In Europe and North America, government spending on pharmaceutical sector is more owing to rise in aging population is expected to drive the demand for chemical intermediate in the region.
  • The greatest driver for the market uptake of chemical intermediates is to overcome increasing volatility in fossil-fuel price and supply. Market prices for chemicals rise when fossil supply is tight, so the subsequent increasing uncertainty and volatility of crude oil prices is likely to push commodity chemical companies towards bringing in alternatives to traditional fossil fuels to ensure that their customers have a stable product supply.


Chemical Intermediates Market Segment Analysis - By Form

Solid segment held the largest share of more than 45% in the chemical intermediates market in 2020. The largest form of chemical intermediates is produced in solid form. It is suitable for a wide variety of applications along with the easy storage and transport and low-cost compared to liquid chemical intermediates. Most of the solid sodium chemical intermediates will be dissolving into the water for converting into a liquid form to use in the applications like pharmaceutical, agriculture, automotive, petrochemical, lubricants and others.  


Chemical Intermediates Market Segment Analysis - By Product

Ethylene amines held the largest share of more than 40% in the chemical intermediates market in 2020. In particular, ethylene amines are volatile compounds that have the potential to alter the properties of chemicals. Ethylene amine is commonly used in gas sweetening, building and construction additives, oil cutting, seed protection, and other uses. The benefits of ethylene amine is low environmental impact, low energy consumption, and high yields when compared with other product type, which boost consumer demand.

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Location: United States

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