Chemical Intermediate Market: Information by Form (Solid, Liquid, and Gas), By End-Use Industry (Pharmaceutical, Agriculture, Paint & Coatings, and Others), and Region (North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa)—Forecast till 2030
ID: MRFR/CnM/1393-HCR | 110 Pages | Published By Priya Nagrale on March 2023
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Chemical Intermediate Market
The chemical intermediate market value is projected to reach over USD 194.5 billion by 2030 with a healthy CAGR of over 8.70% during the review period (2022-2030).
$194.5 Billion
8.70%
Asia-Pacific
2022-2030
Segmentation
Key Players
Drivers
Chemical Intermediate Market overview:
According to MRFR analysis, the chemical intermediate market value is projected to reach over  USD 194.5 billion by 2030 with a healthy CAGR of over 8.70% during the review period. A chemical intermediate is reacted with other chemicals to obtain the desired product. The chemical industry has been focusing on the production of chemical intermediate owing to its wide application in various end-use industries such as agriculture, pharmaceuticals, and paint & coatings. For instance, January 2018 Jubilant Life Sciences invest USD 3.63 billion for setting up pesticides and pesticides intermediate product plant in Gujarat, India. Chemical intermediate is used for producing agriculture chemicals such as pesticides and fertilizer. The primary occupation of any country is agriculture, and the increasing adoption of sustainable farming is driving market growth. With the growing population, the subsequent demand for food will increase rapidly in the coming years. To meet this increasing demand, efficient crop production with better quality is necessary. Such factors are expected to drive the demand for agrochemical products, thus positively influencing the consumption of the chemical intermediate market. Chemical intermediate finds significant application in the pharmaceutical industry, increasing usage of chemical intermediate in the manufacturing of drugs is propelling market demand. Growth of the pharmaceuticals industry is driven by the medical progress owing to the increasing disease prevalence, drug affordability, consumer awareness, and supportive government policies. With the advancements in science and technology, the research in the pharmaceutical industry is entering a new era in medicines development, resulting in decreased mortality. For instance, controlling high blood pressure and cardiovascular disease with antihypertensive and cholesterol-lowering medicines, and controlling of cancers through the targeted therapy are some of the recent developments in medical science responsible for reduced mortality. The advances in medical science are expected to drive the pharmaceutical industry positively impacting the global chemical intermediate market. According to the European Federation of Pharmaceutical Industries & Association (EFPIA), in 2016, North America accounted for 49% of world pharmaceutical sales, whereas Europe accounted for 21.5%. Increasing per capita income coupled with consumer awareness in emerging economies of such as India, Thailand, Indonesia, and Malaysia in Asia-Pacific; and Brazil and Mexico in Latin America have led to a shift in R&D from developed regions to these regions. Indian Brand Equity Foundation, the country’s pharmaceutical industry is expected to grow at a CAGR of 22.4% during 2015–2020 to reach USB 55 billion. Moreover, India’s pharmaceutical exports stood at USD 17.27 billion in 2017 and are likely to drive the market during the forecast period. In 2015, Japan invested USD 121.08 million in its R&D for development of new medicines and drugs. Therefore, the growing pharmaceutical industry is projected to drive the demand for the chemical intermediate market.
Key players:
The key players operating in the global chemical intermediate market are Dow (US), INVISTA (US), BASF SE (Germany), Akzo Nobel NV (Netherlands), Stepan Company (US), LG Royal DSM (Netherlands), SABIC (Saudi Arabia), Chevron Corporation (US), Jay Chemicals (India), Himalaya chemicals (India) Â and Exxon Mobil Corporation (US).Global Chemical Intermediate Market Share, by Form, 2018 (%)
 Source: MRFR analysis
Regional analysis:
The global market for chemical intermediate has been segmented into five key regions, namely, Asia-Pacific, North America, Middle East & Africa, Europe, and Latin America. In Asia-Pacific, the chemical intermediate market is witnessing steady growth owing to high demand from end-use industries such as paint & coatings, paint & coatings, agriculture, and pharmaceutical. Increasing investment in the construction industry has propelled paint & coatings demand thus influencing the consumption of chemical intermediate. In Europe, high government spending on pharmaceutical sector owing to rise in aging population is expected to drive the demand for chemical intermediate in the region. The Middle East & Africa and Latin America are growing with healthy CAGR due to the presence of a large number of oil & gas producing companies. The strong petrochemical industry is estimated to drive the demand for chemical intermediate during the review period.
Segmentation analysis:
The global chemical intermediate market has been divided based on form, end-use industry, and region. Based on form, the global chemical intermediate market has been classified as solid, liquid, and gas. On the basis of end-use industry, the global chemical intermediate market has been segmented into pharmaceutical, agriculture, paint & coatings, and others. The global chemical intermediate market, by region, has been studied across five major regions, namely, Asia-Pacific, North America, the Middle East & Africa, Europe, and Latin America.Recent DevelopmentJuly 2021- a specialty chemicals manufacturer, Rossari Biotech Ltd, announced the plans to acquire Tristar Intermediates Pvt. Ltd. Rossari, as per the terms of the agreement and subject to customary closing conditions, will be acquiring all the equity share capital of Tristar Intermediates. The transaction will take place in two steps. The first includes acquiring seventy-six percent of the equity shares upon closure of the transaction. Step two involves the acquisition of rest twenty-four of the equity shares over the next three years. The deal is worth ₹120 crores.December 2021 – DMC Biotechnologies has announced the finishing of the Series B fundraising. The company has managed to raise USD34 million. Leading investors include Michelin, Solvay Ventures, Boulder Ventures, SCG, Breakthrough Energy Ventures, Sofinnova Partners, Capricorn Partners, and Cibus Enterprise. DMC is commercial with a bio-based chemical intermediate as its first product having applications across home care and human nutrition. The company has a deep pipeline of cost-competitive, scalable, predictable products, addressing sustainability challenges in a wide variety of industries, including personal and home care, human nutrition, animal nutrition, and a wide range of chemical intermediates.
 Target Audience:
- Traders and distributors of chemical intermediate
- Chemical intermediate manufacturers
- Potential investors
- Production process industries
- Raw material suppliers
- Nationalized laboratories
- Government bodies
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 194.5 Billion |
| CAGR | 8.70% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019Â &Â 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Form, End-Use and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Dow (US), INVISTA (US), BASF SE (Germany), Akzo Nobel NV (Netherlands), Stepan Company (US), LG Royal DSM (Netherlands), SABIC (Saudi Arabia), Chevron Corporation (US), Jay Chemicals (India), Himalaya chemicals (India) and Exxon Mobil Corporation (US). |
| Key Market Opportunities | Increasing usage of chemical intermediate in the manufacturing of drugs is propelling market demand |
| Key Market Drivers | Increasing adoption of sustainable farming |
Frequently Asked Questions (FAQ) :
The global chemical intermediate market is expected to rise to a valuation of more than USD 194.5 billion by 2030.
The global chemical intermediates market is expected to exhibit a strong 8.70% CAGR over the forecast period from 2022-2030.
The liquid segment dominates the global chemical intermediate market, with a share of close to 50% in 2018.
The growing production of paints and coatings and pharmaceutical products is likely to be the major driver for the global chemical intermediate market over the forecast period.
Leading players in the chemical intermediate market include Dow, BASF SE, Akzo Nobel, Stepan Company, SABIC, Jay Chemicals, Chevron Corporation, Himalaya Chemicals, and ExxonMobil.
