A new report published by Transparency Market Research predicts that the Asia Pacific will grow at a rapid pace when it comes to the market for chemical intermediates. This rapid growth, according to the report, is ascribed to the soaring demand of chemical intermediates from the textile and leather industry in the Asia Pacific.
TMR’s research report on chemical intermediates includes regional segmentation and analysis of the said global market. On the basis of regional perspective, the chemical intermediates market is spread across the regions of the Middle East and Africa, Europe, Latin America and North America with the Asia Pacific is the fastest growing market for chemical intermediates.
Amongst these, North America is predicted to hold a major share of the chemical reaction intermediates market during the forecast period. Besides, Asia Pacific will contribute significantly to the market growth as the textile and leather industry continues to increase the demand for chemical intermediates in the region.
Furthermore, the Middle East & Africa is expected to be a lucrative market for the chemical reaction intermediates. The requirement of chemical reaction intermediates from the textile industry in the Middle East & Africa has expected a major factor behind the forecasted period.
Some of the topnotch players of the chemical intermediates market are included in this report and these are BASF SE, INVISTA B.V, The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), and AkzoNobel N.V.