The global market for chemical intermediates is predicted to rise at a robust growth rate over the forecast period that extends from 2017 to 2025. This growth of the chemical intermediates market is ascribed to the rising demand for chemical intermediates in the manufacturing of plastics, according to a new report published by Transparency Market Research. Additionally, usage of chemical intermediates in the preservation of feeds is another factor which will further fuel the market growth, predicts the TMR report.

When a chemical substance is converted into a final product through a chemical reaction, the generated molecules are known as intermediates. A chemical reaction, which is meant to change a reactant into a final product, generates chemical intermediates during each and every step of the reaction. These chemicals have a comparatively shorter period of life but are highly reactive, which makes numerous applications prefer chemical intermediates. Some of its applications include manufacturing of coatings, plastics, detergents, fibers of elastic textile, and pharmaceutical & crop protectants. Chemical reaction intermediates, apart from these applications, are also used as agents of de-icing agents in the runways of airports.

The market for chemical reaction intermediates – when the vendor landscape is taken into consideration – can be viewed as reasonably uneven with the market players focusing on strategically important moves like partnerships, acquisitions and mergers, as to strengthen their hold on the said market for chemical intermediates. All of these factors will affect driving the growth of the chemical intermediates market.

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