Fiber Intermediates Market 2019-2023 Size, Share, Industry Analysis, Top Key Players by BASF SE, Reliance Industries Limited, DowDuPont, Ferromet SA, INVISTA

Fiber Intermediate Market is flourishing as an industry. The Fiber Intermediates Market is currently showing healthy growth with strong demand being evident for this sector. According to a Market Research Future report on Global Fiber Intermediates Market Research Report- Forecast to 2022 states that the sector will grow at a remarkable pace in terms of revenue generation with an outstanding CAGR percentage by 2022.The fiber intermediates market is likely to grow on account of the increasing demand for polyester in various applications such as clothing, furniture, and upholstery.

Top Market Players:

BASF SE
Reliance Industries Limited
Aareydrugs & Pharmaceuticals Ltd
Ferromet SA
DowDuPont
INVISTA
Daicel Corporation
Fiber Intermediate Products Company
Chevron Phillips Chemical Company

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Fiber Intermediates are those products which are predominantly utilized in numerous applications such as plastic, textile, petrochemicals, automobile, pharmaceutical, and others. Fiber Intermediates market is estimated to witness robust growth due to increasing demand of pharmaceutical and continuous growth of automotive sector across the globe. The expanding textiles industry, as a result of increased spending on clothing coupled with changing fashion trends, is likely to propel the growth of the fiber intermediates market. Additionally, the growing furnishing industry with the rising demand for multifunctional and luxurious furniture is expected to offer lucrative opportunities to players in the fiber intermediates market.

Preference for synthetic materials in various manufacturing sectors are increasing the level of demand experienced in the market. Increased applications developed through extensive research and development have contributed positively towards development of the market. The market however has its major application in the plastic industry in the form of PET bottles and even debit and credit cards. The factors driving this market are investment by manufacturers, easy availability of raw materials, technological advancements, and easy availability of labor. Despite the demand for Fiber Intermediates the factors that may pose challenges in the development are environmental damage caused by products and government regulations.

The demand for fiber intermediates is driven by its increasing use in the manufacturing of synthetic fiber such as polyester and nylon, disinfectants, fabrics, and plastic, among others. Some of the commonly used fiber intermediates include paraxylene, acrylonitrile, ethylene glycol, purified terephthalic acid, and ethylene oxide. Fiber intermediates find application in numerous end-use industries such as textiles, plastics, petrochemicals, and cleaning products (detergents).

The consumption of fiber intermediates such as ethylene glycol is increasing in the production of polyethylene terephthalate (PET) resin and PET film on account of the increasing demand for PET bottles and beverage containers as they are effective barriers to carbon dioxide and have a high tensile strength. The expanding packaging industry, as a result of increased consumption of packaged food products and beverages owing to convenience and improved product shelf life, is likely to fuel the demand for fiber intermediates. Anti-freeze, detergents, paints, and resins are some of the other applications of fiber intermediates.

Segmental Analysis:

The Global Fiber Intermediates Market has been segmented on the basis of type, application, end user and region:

By Type: Paraxylene, Polyethylene, Acrylonitrile, Ethylene Glycol and Others

By Application: Textile, Automobile, Petrochemical, Plastic Industry and Others

By End Users: Fabric, Plastic Cards, Disinfectants, Synthetic Fibers and Other

By Region: Asia Pacific, North America, Europe and Row

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Latest Industry News:

October 2017 Ascend Performance Materials, a fully integrated producer of nylon 6, 6 resin, today announced its plans to increase production capacity across its intermediate chemicals and polymers portfolio by 10 to 15 percent to support the continued growth of its customers. Ascend will increase capacity of adiponitrile (ADN), hexamethylene diamine (HMD), adipic acid and polymers through 2018. Ascend’s unique production process allows for quick capacity additions with high capital efficiency and without disruption to operations.

June 2017 Reliance Industries said it commissioned its third and last crystallization train at its paraxylene complex at Jamnagar, making the company the biggest manufacturer of the key ingredient used in plastic production. Paraxylene is used to make intermediate chemicals that are then used to manufacture polyethylene terephthalate or PET.

July 2017 The government today gave green signal to Reliance Industries Ltd for expansion of its petrochemical complex in Gujarat, entailing investment of Rs 2,100 crore. Near Hazira in Surat district, the complex comprises of naphtha cracker, feeding downstream petrochemical, fibre intermediates and polyester plants.

Nov 2017 Mitsubishi Chemical Corp. announced that it will invest in an Italian supplier of automotive parts made of carbon fiber-reinforced plastic (CFRP), as part of its efforts to strengthen the carbon fiber business in the U.S. and European markets. Mitsubishi said the investment was being made in light of increasing interest by the automotive industry in using CFRP to develop lighter car parts. Moreover, the investment fits within its policy to strengthen production of intermediate materials.

Geographical Analysis:

Geographically, largest polyester consuming market is APAC region. Emerging economies like India, China, and South Korea contribute major in fiber intermediates. North America and Europe show a stable growth. With huge application in end user industries, Fiber Intermediate Market is flourishing industry in coming years if we look at application industry growth individually. Investors have a good opportunity for having a profitable business.

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