Global Chemical Intermediates Market Insights Forecasts to 2033

• The Global Chemical Intermediates Market Size was Valued at USD 107.6 Billion in 2023
• The Market Size is Growing at a CAGR of 7.40% from 2023 to 2033
• The Worldwide Chemical Intermediates Market Size is Expected to Reach USD 219.7 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Chemical Intermediates Market Size is Anticipated to Exceed USD 219.7 Billion by 2033, Growing at a CAGR of 7.40% from 2023 to 2033.

CHEMICAL INTERMEDIATES MARKET REPORT OVERVIEW

A chemical intermediate is defined as any material created when a reactant is changed into a product. Producing necessary materials used in many different industries is the responsibility of the chemical intermediates business. Two essential components of this sector are unique solvents and catalysts. By boosting chemical reaction efficiency and requiring less energy during manufacture, catalysts are essential for the creation of numerous essential items, such as fuels, polymers, and medications. Special solvents are utilized for many different purposes, including maintenance, cleaning, and as carriers for active substances. They are necessary for a variety of procedures, including extraction, separation, and purification. Being one of the elements that reacts the most on earth and might be combined to create a wide range of phosphorus compounds is essential to the chemical intermediates sector. Chemical intermediates used in the agricultural sector, medicinal products, paper and pulp industry, soaps, textiles, and polymer manufacturing include ethylene amines, sulfur products, monochloroacetic acid, hydrogen peroxide, and salt. The petrochemical and its intermediate product are expected to grow in significance as India moves closer to becoming a $5 trillion economy by 2024–2025, given that it creates the foundation of infrastructure, agriculture, and other sectors.

Report Coverage

This research report categorizes the market for the global chemical intermediates market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global chemical intermediates market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global chemical intermediates market.

DRIVING FACTORS:

The rising acceptance of agrochemical products can drive market growth.

Pharmaceuticals and agricultural chemicals like fertilizers and insecticides are produced using chemical intermediates. Every nation's primary economy is agriculture, and the market is expanding as sustainable farming gains more and more traction. The expanding population and rising food demand drive the agriculture sector's expansion, throughout the anticipated period. The purpose is to increase their market share, market participants have been concentrating on strategically significant actions like partnerships, mergers, and acquisitions. Furthermore, the expansion of the chemical intermediate market is anticipated to be driven by advancements in end-use industries like paint, petrochemical products, building & construction, and pharmaceuticals.

The ongoing fluctuations in raw material prices could hinder the development of the sector.

The disparities in raw material pricing have the potential to impede market expansion. The downstream components of crude oil that are needed to make chemical intermediates also make up the fundamental raw materials. Therefore, the price of the raw materials used to make chemical intermediates is likewise impacted by the volatility of the demand for crude oil.

Market Segmentation

The chemical intermediates market share is classified into product, application, and end-use.

The ethylene amines segment has the highest share of the market over the forecast period.

Based on product, the chemical intermediates are classified into ethylene amines, monochloroacetic acid, caustic products, hydrochloric acid, chloromethanes, hydrogen peroxide, and sodium chlorate. The market is dominated by the ethylene amines category, which generates the most revenue. Ethylene amine is widely employed in many diverse applications, such as seed protection, oil cutting, gas sweetening, building & construction additives, and some others. Due to its advantages over other products such as lower energy consumption, fewer negative effects on the environment, and higher yields ethylene amine is in higher demand on the market. The primary basic materials used in agrochemicals, detergents, and pharmaceuticals are ethylene amines, such as ethylenediamine and diethylenetriamine.

The pharmaceutical has the biggest market share during the forecast period.

Based on application, the chemical intermediates are classified into pharmaceutical, agrochemical, automotive, petrochemical, and lubricants. Chemical compounds and pharmaceutical intermediates are frequently utilized in the mass production of a variety of active pharmaceutical ingredients. Since they are easily changed to produce a large variety of diverse chemicals, amino acids are good intermediates for the creation of drugs. The production of peptide medications, derivatives of amino acids, and protein-based medications are important uses for amino acid intermediates. This makes these adaptable intermediates crucial for the development of numerous medications for pain and inflammation, autoimmune, cardiovascular, and cancer. The scientific and technological advancements have brought about a new era in pharmaceutical research, one that anticipates a decrease in mortality through drug production.

The healthcare category has the largest share of the market throughout the forecast period.

Based on end-use, the chemical intermediates are classified into chemical & petrochemical, energy & power, transportation, food & beverages, healthcare, paint and coatings, and agriculture. The healthcare sector accounts for the market expansion due to the growing number of research and development projects and activities in the pharmaceutical industry, as well as the rising prevalence of chronic diseases. For better drug candidate identification, new technologies including combinatorial chemistry, high throughput, and bioinformatics are being used more frequently. It is anticipated that the usage of pharmaceutical chemical intermediates will grow consistently as a result of the considerable advancements in drug development made possible by new chemical intermediate formations. These advancements have made the process more streamlined, dependable, and time-efficient.

Regional Segment Analysis of the Global Chemical Intermediates Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America has the biggest share of the chemical intermediates market throughout the forecast period.

North American chemical intermediates market is driven by growing customer demand for cutting-edge solutions and technical advancements. Businesses are concentrating on mergers and strategic alliances to increase their market share. To address the wide range of market demands, research and development expenditures are also rising. Technologies about chemical intermediates are being adopted more often to government backing and advantageous regulatory laws. The market dynamics are being further driven by the emphasis on eco-friendly and sustainable practices. North America has enormous development potential and is positioned to lead the global chemical intermediates market due to its strong economic and technological infrastructure.

The Asia-Pacific is the fastest-growing region over the projected timeframe.

The Asia-Pacific chemical intermediate market has the second-highest revenue due to the booming need for chemical intermediates in the leather and textile sectors in this area. The primary reason for the expansion of the region is the widespread availability of production technologies and the ease of obtaining raw materials. The expansion of specialized chemicals is driving the chemical intermediates industry into a new phase of development, which is indicative of evolving consumer demand and the increasing sophistication of APAC's industrial output.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global chemical intermediates market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Stepan Company
• LG Royal DSM
• Chevron Corporation
• Himalaya Chemicals
• Akzo Nobel NV
• Deepak Nitrite Ltd.
• BASF SE
• Rossari Biotech Ltd.
• INVISTA Nylon Chemical Co. Ltd.
• Jay Chemicals
• R K Synthesis
• AdvanSix Chemical
• UPL Limited
• Deepak Nitrite
• LyondellBasell
• Others

Key Market Developments

• In May 2024, A joint venture of 50% and 50% between Aarti Industries Limited and UPL Limited aims to manufacture and market specialized chemicals that are used in various downstream industries.

• In April 2023, an efficient synthesis of indole derivatives, a crucial component of most medications, was successfully established by a research group at Nagoya University in Japan, opening the door to the creation of novel therapeutic candidates.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global chemical intermediates market based on the below-mentioned segments: 

Global Chemical Intermediates Market, By Product

• Ethylene Amines
• Monochloroacetic Acid
• Caustic Products
• Hydrochloric Acid
• Chloromethanes
• Hydrogen Peroxide
• Sodium Chlorate

Global Chemical Intermediates Market, By Application

• Pharmaceutical
• Agrochemical
• Automotive
• Petrochemical
• Lubricants

Global Chemical Intermediates Market, by End-Use

• Chemical & Petrochemical
• Energy & Power
• Transportation
• Food & Beverages
• Healthcare
• Paint and Coatings
• Agriculture

Global Chemical Intermediates Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa