Fiber Intermediates Market Professional Report 2018 | BASF SE (Germany), DowDuPont (US), INVISTA (US), Chevron Phillips Chemical Company (US)

Market Analysis:

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. Moreover, polyethylene and polyvinylchloride (PVC) are widely used in the production of bottles and other non-food packaging products, with this aforementioned reason the market is expected to register strong growth. Moreover increasing automotive production and sales along with the wide utilization of plastic in the manufacturing of automotive components is estimated to propel the growth of the market.

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Top Competitiors:

BASF SE (Germany),
DowDuPont (US),
INVISTA (US),
Reliance Industries Limited (India),
Aareydrugs & Pharmaceuticals Ltd (India),
Ferromet SA (Argentina),
Chevron Phillips Chemical Company (US),
Daicel Corporation (Japan),
Fiber Intermediate Products Company (Iran)

Market Segments

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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Geographical Insights:

Geographically, Asia Pacific emerged as the largest market for fiber intermediates in 2016 and is predicted to retain its dominance during the forecast years on account of growing demand from petrochemical, automotive, and textile sector. Moreover, the demand for fiber intermediate is expected to surge in various countries of Asia Pacific such as China, India, Japan, Vietnam, Malaysia, Thailand, Taiwan, and South Korea due to high adoption rate from numerous end use industries. In addition, economic growth in this region along with rapid industrialization has resulted in the raised production and sales of passenger cars and light weight vehicles, which is further likely to raise the demand for fiber intermediates in the upcoming years. Moreover, huge investment by major operating players in their Research & Development activities and shifting of fiber intermediates manufacturing facilities as well as significantly increasing end use industries in this region is estimated to drive the fiber intermediates regional market growth.

North American market is expected to witness moderate growth due to growing demand from textile and plastic industries. North American market is segmented into U.S. and Canada which are among the major contributor in the regional market growth on account of strong growth of petrochemicals and textile sector.

European market is estimated to witness significant growth due to increasing awareness regarding the benefits associated with the products made from fiber intermediates as well as rising consumption of plastic products.

Developing countries of the Middle East & Africa and Latin America such as Turkey, Saudi Arabia, the United Arab Emirates, Brazil, Guatemala, and Mexico are estimated to witness above average growth on account of increasing per capita disposable income along with strong consumer base for automotive industry.

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This release was published on openPR.