Chemical Intermediates Market
Chemical Intermediates Market Forecasts to 2030 - Global Analysis by Product (Basic Chemicals, Specialty Chemicals, Fine Chemicals and Agricultural Chemicals), Chemical Source, Form, Distribution Channel, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $139.1 BN |
|
Projected Year Value (2030) |
US $249.1 BN |
|
CAGR (2024 - 2030) |
10.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Chemical Intermediates Market is accounted for $139.1 billion in 2024 and is expected to reach $249.1 billion by 2030 growing at a CAGR of 10.2% during the forecast period. Chemical intermediates are substances produced during the synthesis of a final chemical product, serving as building blocks or reagents in manufacturing processes. They are essential in producing a wide range of chemicals, such as pharmaceuticals, plastics, fertilizers, and detergents. Chemical intermediates are typically reactive compounds that undergo further transformations to create more complex products. Common uses include the production of dyes, agricultural chemicals, coatings, and specialty chemicals, as well as in various industrial processes where they act as precursors or catalysts, enabling efficient large-scale production across numerous industries. They play a vital role in chemical manufacturing and innovation.
Market Dynamics:
Driver:
Rising Demand from Pharmaceuticals
The rising demand from the pharmaceutical industry significantly drives the chemical intermediates market, as these intermediates are crucial in the production of active pharmaceutical ingredients (APIs), drug formulations, and vaccines. With an increasing focus on healthcare, aging populations, and the development of new treatments, the need for high-quality chemical intermediates grows. This trend accelerates innovation in pharmaceutical manufacturing, ensuring a steady demand for intermediates used in drug synthesis, contributing to market growth and expansion in the chemical sector.
Restraint:
High Production Costs
High production costs impede the market by reducing profit margins and raising the price of finished products. These increased manufacturing costs are caused by a number of factors, including growing labor costs, energy costs, and raw material prices. This may result in weaker demand or slower market growth and make items less competitive, particularly in price-sensitive industries. Businesses may prioritize cost-cutting strategies, but they may also have an effect on the quality and innovation of their products.
Opportunity:
Technological Advancements
Technological advancements play a key role in driving the market by improving production efficiency, reducing costs, and enabling the development of specialized intermediates. Innovations such as advanced catalytic processes, automation, and green chemistry techniques enhance the scalability and sustainability of chemical production. These technologies also enable the synthesis of more complex intermediates, meeting the growing demand from various industries, including pharmaceuticals, agriculture, and manufacturing, and fostering greater market growth and competition within the sector.
Threat:
Supply Chain Disruptions
Supply chain disruptions have a substantial impact on the chemical intermediates industry, resulting in delays in raw material procurement, manufacturing halts, and transportation issues. These disruptions affect sectors including automobiles, electronics, and pharmaceuticals by raising prices and lowering product availability. Geopolitical unrest and logistical difficulties can also further destabilize global supply chains, causing price volatility and impeding market expansion.
Covid-19 Impact:
The COVID-19 pandemic disrupted the chemical intermediates market by causing supply chain disruptions, reducing demand in key sectors like automotive and construction, and temporarily halting production in many regions. However, there was increased demand for chemical intermediates in pharmaceuticals, hygiene products, and medical supplies. The market is gradually recovering, with companies focusing on digitalization, innovation, and improving supply chain resilience to adapt to the new post-pandemic landscape.
The pharmaceuticals segment is expected to be the largest during the forecast period
The pharmaceuticals segment is expected to account for the largest market share during the forecast period as these intermediates are essential in the production of active pharmaceutical ingredients (APIs), drug formulations, and vaccines. With increasing healthcare demands, aging populations, and a focus on developing new therapies, the need for high-quality chemical intermediates has surged. This segment fosters market growth by requiring diverse intermediates for drug synthesis, thereby supporting innovations in pharmaceutical manufacturing and expanding the overall chemical intermediates market.
The petrochemicals segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the petrochemicals segment is predicted to witness the highest growth rate because of the great need for intermediates utilized in the manufacturing of several petrochemical goods, including rubber, synthetic fibers, and plastics. Chemical intermediates are becoming more and more necessary as the demand for petrochemical-based products rises globally across sectors like construction, packaging, and the automobile industry. The petrochemical industry is positioned as a major driver in the market for chemical intermediates thanks to advancements in petrochemical processes and growing industrialization.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share due to the growing manufacturing sectors, increased demand for consumer goods, and quick industrialization. Key contributors include nations like China, India, and Japan, which provide large-scale operations and cheap production prices. Asia Pacific is a crucial hub for production, consumption, and commerce in the worldwide chemical market due to the region's expanding automotive, pharmaceutical, and electronics industries, which raise demand for chemical intermediates.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR because of the high demand from industries including pharmaceuticals, agriculture, and the automobile. With an emphasis on sustainability and green chemistry, the United States and Canada are the top producers and consumers of specialty intermediates. The region's strong infrastructure, highly qualified labor force, and R&D expenditures all contribute to market expansion and establish North America as a major participant in the global chemical intermediate supply chain.
Key players in the market
Some of the key players in Chemical Intermediates Market include BASF SE, AkzoNobel N.V., Celanese Corporation, Clariant AG, Covestro AG, Dow Chemical Company, DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, ExxonMobil Chemical, Huntsman Corporation, INEOS Group, Lanxess AG, LG Chem, LyondellBasell Industries, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation, Sumitomo Chemical Co., Ltd. and Wacker Chemie AG.
Key Developments:
In January 2025, BASF's Coatings division has formed a strategic partnership with BMW Group, selecting BASF's premium refinish brands, Glasurit and R-M, as preferred choices for BMW's aftersales network in over 50 markets lacking BMW's private label.
In January 2025, BASF’s newly developed flame retardant (FR) grade of Ultramid T6000 polyphthalamide (PPA) is now used in terminal block application. This upgraded solution replaces non-FR material, enhancing safety for the inverter and motor system in electric vehicles (EVs).
In October 2024, BASF made a strategic partnership with Aspen Aerogels to enhance its aerogel product offerings and expand its market reach. This partnership is set to drive innovation in aerogel technologies, particularly in high-performance insulation materials.
Products Covered:
• Basic Chemicals
• Specialty Chemicals
• Fine Chemicals
• Agricultural Chemicals
Chemical Sources Covered:
• Petrochemicals
• Bio-based Chemicals
• Inorganics
Forms Covered:
• Solid Chemical Intermediates
• Liquid Chemical Intermediates
• Gas Chemical Intermediates
Distribution Channels Covered:
• Direct Sales
• Third-Party Distributors
Applications Covered:
• Agriculture & Food Processing
• Automotive & Transportation
• Pharmaceuticals
• Textiles & Leather
• Paints & Coatings
• Personal Care & Cosmetics
• Polymers & Plastics
• Energy & Power
• Electronics
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Chemical Intermediates Market, By Product
5.1 Introduction
5.2 Basic Chemicals
5.2.1 Acids
5.2.2 Alkalis
5.2.3 Aromatics
5.3 Specialty Chemicals
5.3.1 Additives
5.3.2 Catalysts
5.3.3 Coatings & Adhesives
5.4 Fine Chemicals
5.5 Agricultural Chemicals
6 Global Chemical Intermediates Market, By Chemical Source
6.1 Introduction
6.2 Petrochemicals
6.3 Bio-based Chemicals
6.4 Inorganics
7 Global Chemical Intermediates Market, By Form
7.1 Introduction
7.2 Solid Chemical Intermediates
7.3 Liquid Chemical Intermediates
7.4 Gas Chemical Intermediates
8 Global Chemical Intermediates Market, By Distribution Channel
8.1 Introduction
8.2 Direct Sales
8.3 Third-Party Distributors
9 Global Chemical Intermediates Market, By Application
9.1 Introduction
9.2 Agriculture & Food Processing
9.3 Automotive & Transportation
9.4 Pharmaceuticals
9.5 Textiles & Leather
9.6 Paints & Coatings
9.7 Personal Care & Cosmetics
9.8 Polymers & Plastics
9.9 Energy & Power
9.10 Electronics
9.11 Other Applications
10 Global Chemical Intermediates Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF SE
12.2 AkzoNobel N.V.
12.3 Celanese Corporation
12.4 Clariant AG
12.5 Covestro AG
12.6 Dow Chemical Company
12.7 DuPont de Nemours, Inc.
12.8 Eastman Chemical Company
12.9 Evonik Industries AG
12.10 ExxonMobil Chemical
12.11 Huntsman Corporation
12.12 INEOS Group
12.13 Lanxess AG
12.14 LG Chem
12.15 LyondellBasell Industries
12.16 Mitsubishi Chemical Corporation
12.17 Saudi Basic Industries Corporation
12.18 Sumitomo Chemical Co., Ltd.
12.19 Wacker Chemie AG
List of Tables
1 Global Chemical Intermediates Market Outlook, By Region (2022-2030) ($MN)
2 Global Chemical Intermediates Market Outlook, By Product (2022-2030) ($MN)
3 Global Chemical Intermediates Market Outlook, By Basic Chemicals (2022-2030) ($MN)
4 Global Chemical Intermediates Market Outlook, By Acids (2022-2030) ($MN)
5 Global Chemical Intermediates Market Outlook, By Alkalis (2022-2030) ($MN)
6 Global Chemical Intermediates Market Outlook, By Aromatics (2022-2030) ($MN)
7 Global Chemical Intermediates Market Outlook, By Specialty Chemicals (2022-2030) ($MN)
8 Global Chemical Intermediates Market Outlook, By Additives (2022-2030) ($MN)
9 Global Chemical Intermediates Market Outlook, By Catalysts (2022-2030) ($MN)
10 Global Chemical Intermediates Market Outlook, By Coatings & Adhesives (2022-2030) ($MN)
11 Global Chemical Intermediates Market Outlook, By Fine Chemicals (2022-2030) ($MN)
12 Global Chemical Intermediates Market Outlook, By Agricultural Chemicals (2022-2030) ($MN)
13 Global Chemical Intermediates Market Outlook, By Chemical Source (2022-2030) ($MN)
14 Global Chemical Intermediates Market Outlook, By Petrochemicals (2022-2030) ($MN)
15 Global Chemical Intermediates Market Outlook, By Bio-based Chemicals (2022-2030) ($MN)
16 Global Chemical Intermediates Market Outlook, By Inorganics (2022-2030) ($MN)
17 Global Chemical Intermediates Market Outlook, By Form (2022-2030) ($MN)
18 Global Chemical Intermediates Market Outlook, By Solid Chemical Intermediates (2022-2030) ($MN)
19 Global Chemical Intermediates Market Outlook, By Liquid Chemical Intermediates (2022-2030) ($MN)
20 Global Chemical Intermediates Market Outlook, By Gas Chemical Intermediates (2022-2030) ($MN)
21 Global Chemical Intermediates Market Outlook, By Distribution Channel (2022-2030) ($MN)
22 Global Chemical Intermediates Market Outlook, By Direct Sales (2022-2030) ($MN)
23 Global Chemical Intermediates Market Outlook, By Third-Party Distributors (2022-2030) ($MN)
24 Global Chemical Intermediates Market Outlook, By Application (2022-2030) ($MN)
25 Global Chemical Intermediates Market Outlook, By Agriculture & Food Processing (2022-2030) ($MN)
26 Global Chemical Intermediates Market Outlook, By Automotive & Transportation (2022-2030) ($MN)
27 Global Chemical Intermediates Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
28 Global Chemical Intermediates Market Outlook, By Textiles & Leather (2022-2030) ($MN)
29 Global Chemical Intermediates Market Outlook, By Paints & Coatings (2022-2030) ($MN)
30 Global Chemical Intermediates Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
31 Global Chemical Intermediates Market Outlook, By Polymers & Plastics (2022-2030) ($MN)
32 Global Chemical Intermediates Market Outlook, By Energy & Power (2022-2030) ($MN)
33 Global Chemical Intermediates Market Outlook, By Electronics (2022-2030) ($MN)
34 Global Chemical Intermediates Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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