Analysis of the development prospects of the global chemical intermediates market in 2021

China divides fine chemicals into pesticides, dyes, coatings, pigments, reagents and high-purity substances, information chemicals, food and feed additives, adhesives, catalysts and various auxiliary agents, chemicals and daily chemicals, Among the high molecular polymers, there are 11 categories including functional polymers.

China collectively refers to the raw materials and intermediates for the production of the above 11 categories of fine chemicals as chemical intermediates. There are many types of intermediates, which can be divided into three categories: liquid, gas and solid according to their morphology. According to the application field, it can be divided into Pharmaceutical Intermediates, pesticide intermediates, dye intermediates, resin intermediates, etc.

Fine chemicals drive the development of chemical intermediates market

First of all, from the perspective of the development of global fine chemicals, in recent years, the global chemical industry has shifted from extensive production to refinement. Due to the characteristics of high added value, low pollution, low energy consumption, and small batches of fine chemical products, At present, it has become the key development target of various countries and major chemical companies in the world.

Therefore, although the overall scale of the global chemical industry has continued to decline in recent years, the market size of the global fine chemical industry has continued to rise. According to Bloomberg data, the global fine chemical industry market reached 15,475 euros in 2018, with an average annual compounding rate from 2015 to 2018. The growth rate reached 6%. With reference to the growth rate, it is estimated that the global fine chemical industry market size in 2019 will be about 1,640 billion euros. In 2020, affected by the new crown epidemic, the growth rate of the global fine chemical industry will slow down. It is estimated that the global fine chemical industry market size will be about 16,890 in 2020. Billion euros.

Medicines, pesticides, Chemical Reagents, adhesives, coatings, surfactants, Food Additives, fragrances, various auxiliaries, dyes, catalysts, etc. have specific application properties, many synthesis steps, complex reactions, and few products with high output value Fine chemical products are further processed from chemical intermediates. Therefore, chemical intermediates are an important basis for the production of fine chemical products. The rapid development of the global fine chemical industry drives the growth of the global chemical intermediate industry demand and the progress of production technology.

Driven by the rapid growth of the downstream fine chemical industry demand for chemical intermediates, the global chemical intermediates market has been expanding. According to data released by MARKET RESEARCH FUTURE, the global chemical intermediates market reached US$106 billion in 2019, 2014-2019 The annual compound growth rate is 9.1%.

In 2020, affected by the new crown epidemic, the growth rate of the global chemical intermediates market has slowed down. It is forward-looking that the global chemical intermediates market will be about 110 billion U.S. dollars in 2020.

Solid form and intermediates for pharmaceutical applications are the main products

From the perspective of the product structure of different forms of chemical intermediates in the world, chemical intermediates can be divided into three categories: solid, liquid and gaseous. According to Data Intelo statistics, among the global chemical intermediates in 2019, solid chemical intermediates The market share accounted for the largest share of the overall market share at 44.0%; followed by gaseous chemical intermediates, which accounted for 33.3% of the overall market share; liquid chemical intermediates accounted for the smallest share of the overall market share, at 22.7% .

Chemical intermediates are divided into pharmaceutical intermediates, pesticide intermediates, pigment and dye intermediates, and other chemical intermediates according to application fields. According to Data Intelo statistics, in 2019, pharmaceutical intermediates accounted for the highest proportion of chemical intermediates, about 65.3%, pesticide intermediates accounted for approximately 19.5% of chemical intermediates, and pigment and dye intermediates accounted for approximately 3.2%, the proportion of other chemical intermediates is 11.9%.

Construction agricultural medicine provides market space for chemical intermediates

From the perspective of the development prospects of global chemical intermediates, most parts of the world are accelerating urban construction, and the scale of the construction industry continues to expand, which promotes the growth of demand for paints and coatings, and drives the increase in the demand for related dye chemical intermediates; agricultural development is important for all countries in the world The proposition is that the application of agricultural chemical products is indispensable to guaranteeing food supply. The demand for chemical intermediates of agricultural chemical products such as pesticides is huge; at the same time, the rapid development of the global pharmaceutical industry has promoted the increase in the use of chemical intermediates in drug production.

On the whole, the application fields of global chemical intermediates are wide, and the rapid growth of various application fields has jointly promoted the growth of global chemical intermediates demand and also enriched the product categories of chemical intermediates. It is estimated that by 2026, the global chemical intermediates market will grow to 184.5 billion U.S. dollars.