Pune, India -- (SBWire) -- 05/17/2018 --Market Scenario:

A Chemical Intermediate is a semi-finished molecular entity formed from primary reactants and which is further needed to manufacture finished products in a chemical industry. Chemical reactions proceed in a steps and an intermediate is a mid-reaction product, which forms the final product after some additional step. Chemical Intermediate are used as semi-finished feedstock for upstream manufacture of chemicals. The market for Chemical Intermediate is expected to generate an incremental CAGR growth of 12.5 % at the end of forecast periods.

Drivers

Growing demand of specialty chemicals due to industrialization is the demand led driver of the market. The growing specialization and need for efficiency, concerns over rising operations cost, growing trend of outsourcing and need for lean operations are the practical driver of the market.

However the benefits of contract manufacturing however trumps all drivers. Specialist chemicals is a low volume high value business needing small but dedicated units with advanced technology and technical knowhow. Contract manufacturers serve multiple customers generating economies of scale in acquisition of raw materials. The lower cost of manufacturing results in greater operational and cost efficiencies. The clients also benefit by shedding the noncore and specialized functions to an outside agency which relieves the client of making short time investments in specialized manufacturing capabilities. Thus lean size and operations result inn efficiency gains for both parties.

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The cross application functional nature of the Chemical Intermediates is another driver of the market. The strong growth in complimentary industries such as pharmaceutical, biotechnological, plastics, textiles, chemicals and reagents and others are strong commercial drivers of the market.

Restraints

The market is constrained by supply side restraints such as high cost and scarcity of the feedstock's especially naphthalene, toluene and others, excessive dependence on a few buyers, high cost and hazards of transport due to the needs of temperature control needed, issues of standardization and operations in case of global supply chains and contract manufacturing, and others. However factors such as availability of cheaper labor and the growing diversification of the chemical intermediates industry which is already catering the world with more than 80,000 commercial products are expected to triumph all restraints.

Key Players

The key players profiled in Chemical Intermediate are BASF, INVISTA, SI Group Inc, Dow, AdvanSix Chemical, Arizona Chemical, Chevron Oronite, Biosynth, R K Synthesis, ExxonMobil Chemical, Jay chemicals, Himalaya chemicals, Aceto and others

Regional Analysis:

The North America region leads the world in the Global Chemical Intermediate Market. U.S. accounts for the largest share by market value of the Global Chemical Intermediate Market. The large number of high tech specialty chemical manufacturing companies such as BASF, Dow chemicals and others are driving the U.S. market. Europe follows the North American market led by Germany, France and the U.K.

However the Asia Pacific region is expected to be the fastest market led by Japan, China and India. India is facing a supply demand gap especially in the dye intermediates segment. Currently Indian dyes industry imports most of its dye intermediates such as like cyanuric chloride, aniline, ethylene oxide, diketene, beta naphthol, naphthalene intermediates, aniline intermediate and phthalic anhydride demands by imports from China. Thus there is urgent need to expand the production of intermediates manufacturing facilities in India. We expect the Indian Chemical Intermediate to grow at a double digit sustained growth over the forecast period. The recent slowdown and closure of many polluting plants in China should come as an opportunity for investments in this sector in India. The availability of better trained manpower is an added advantage of the Indian market.

The Middle East and Africa is expected to demonstrate moderate growth owing to poor domestic demand, manufacturing capacities and capabilities.

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