Chemical intermediate is an essential element for the production of basic everyday requirements such as textiles, soaps, polyvinyl chloride (PVC) and other plastics. These intermediate chemicals exist in all forms, for example- Caustic Soda is a solid, Ethylene Dichloride is a Solvent, and Vinyl Chloride Monomer is in Gaseous state. The basic reasons for the consistent increase in usage of chemical intermediate is growth in industries like petrochemicals, organic, inorganic, dyes, paints, agrochemicals, pharmaceuticals etc.
The Chemical intermediate are produced through synthetic process, where the generated chemical substance is converted into a final product. Chemical intermediate is highly admissible in Petrochemical industry. Mono-ethylene glycol is a major form of glycol used in this industry which crossed a market size of $1.22 million by 2013 and is expected to grow constantly for the next 5 years.
Some major companies producing mono-ethylene glycol are:
- India Glycols limited etc.
In Chemical Intermediate Market Research report, Linear Alkyl benzene is also an important type of having a market size of around $180.33 million in 2013 globally and it is constantly growing.
Chemical Intermediates are generally classified as reagents, solvents, building blocks, protective groups and others. The use of Mono-ethylene glycol, a type of solvent is expected to exhibit a growth of 14% in the production of basic petrochemicals and downstream petro based products for the next 5 years. Our analysis on prevailing trends and information is expected to aggressively affect the market growth.
It has been noted China comprises major shares of the market over the forecast period that extends from 2018-2023. China the top leading country contributing to the world consumption of Mono-ethylene Glycol followed by the U.S. and India as the major countries.
The report will provide useful and top-quality insights that will support investments in Chemical Intermediate and partnership companies providing details on the fast growing segments and regions.
Sample Companies are Profiled in this Report are:
- BASF SE
- Saudi Basic Industries Corporation (SABIC)
- Stepan company
- DSM Pharmaceuticals, Inc.