Cyclic Crude, Intermediate, and Gum Market - By Product Type, By Application, By End Use Industry - Global Forecast, 2025 - 2034

Cyclic Crude, Intermediate, and Gum Market Size

The global cyclic crude, intermediate, and gum market was estimated at USD 44.2 billion in 2024, and it is expected to grow at a CAGR of 4.6% from 2025 to 2034, owing to increasing demand from pharmaceuticals, food processing, personal care, and chemical manufacturing industries. These materials serve critically as foundation substances, dissolving agents, and emulsifiers that ease downstream production processes and improve composition. Increased demand from designed industrial processes standards and specialty chemicals in these industries are driving the market along with their heightened performance and ecological compliance.
 

The market shift towards natural gums and value-added compounds heavily drives growth within specialty chemical companies. Increasingly, cyclic crude intermediates are being employed in conjunction with formulations that require rigorous stability and defined reactivity. Simultaneously, natural gums are gaining traction as biodegradable multifunctional. Industry players are making process innovation investments and expanding sourcing for plant-derived gums and bio-based intermediates to meet this demand.
 

Asia-Pacific and Latin America emerging economies are driving the demand due to swift industrialization and expanding end-user industries. Additionally, improved production techniques of extraction and synthesis are advancing efficiency and cost competition in the upstream and downstream markets. The region’s low toxicity and bio-based chemical policies also subsidize the other side of the market, tempting manufacturers to shift toward greener substitutes that don't compromise performance.
 

To sum up, the worldwide cyclic crude, intermediate, and gum markets present a promising outlook alongside multifaceted growth opportunity. Those businesses that follow the sustainability trajectory and invest in R&D aimed at specific functional improvement will come out on top. The evolution of the market shows greater movement into integrated chemical ecosystems where more primary and secondary compounds are no longer only regarded as feedstock but also serve as innovative catalysts for numerous industrial processes.
 

Cyclic Crude, Intermediate, and Gum Market Trends

• Innovations in technology: The market is experiencing new technology developments, especially in catalytic processes and refining technologies. These innovations improve the productivity and output of target chemicals during production processes and augment the shift from conventional fuel manufacturing to chemical production. Operational activities are being further optimized with digital technologies, particularly AI and IoT, which minimize downtimes and enhance overall decision-making. 
   
• Increase in demand for sustainable solutions: Emphasis for sustainability is increasing within the market. Businesses are gradually adopting green chemistry policies, employing renewable feedstocks, and even practicing principles of circular economies. The demand for such a shift arises due to consumers demanding eco-friendly goods, as well as regulations aimed at reducing ecological damage.
   
• Regulatory policies modifying market operations: Policies set by the government are a major factor in determining the market structure. Strategies to limit the dependency on imported crude oil, like encouraging blending ethanol and subsidizing biofuel initiatives, are enabling domestic production as well as the use of alternative feedstocks. Also, compliance with stringent environmental regulations enables new innovations and cleaner technologies among business in the industry.
   
• Innovating to meet custom needs: In the market, issues like feedstock variability and the need for process optimization are present. To solve these, businesses are concentrating on improving supply chain transparency and developing advanced recycling technologies. Industry leaders recognized the importance of advanced R&D for high-performance, sustainable products that fulfill emerging industry demands.
   

Cyclic Crude, Intermediate, and Gum Market Analysis

Based on product type, the market is divided into cyclic crude, chemical intermediates, gums and related products, and wood chemicals. Chemical intermediates segment generated a revenue of USD 26 billion in 2024 and USD  41 billion in 2034 at a CAGR of 4.7%.
 

• The cyclic crude, intermediates, and gum market’s largest and fastest growing category is undoubtedly the chemical intermediates segment. These multi-purpose intermediates are critical for value-added products like plastics, solvents, adhesives, and pharmaceuticals which make them highly dominant on the market. Furthermore, their deep industrial usage coupled with the strategic change in petrochemicals from fuel refining to value-added chemical production greatly enhances their market power.
   
• In developing economies, the demand for specialty chemicals and plastic products is soaring and powering other key drivers. The segment also enjoys benefits from innovation in production technologies, process technologies, and market policies such as greater use of biobased materials in controlled markets. On the other hand, incomplete information on holistic sustainable development goals, especially regarding chemical manufacturing and emissions, creates challenges for the industry due to heightened regulations on raw material costs.

Based on end use industry, the cyclic crude, intermediate, and gum market is divided into pharmaceutical industry, chemical industry, food processing industry, oil and gas industry, textile industry, cosmetics and personal care industry, agricultural industry, others. In 2024, Pharmaceutical industry segment held major market share, accounted for 34.2% share owing to the extensive consumption of chemical intermediates and gums in the drug manufacture and synthesis processes.
 

• Cyclic intermediates such as cyclohexane, aniline and benzene derivatives are critical in the production of APIs, antibiotics and analgesics. Their multifunctionality, strict purity levels, and their complex organic reactions make them essential to pharmaceutical manufacturing.
   
• The growth of this segment is further accelerated by the worldwide spending on healthcare, the growth of the aging population, and the increase in demand for specialty and generic drugs. Natural gums like xanthan and guar gum are extensively used as excipients, stabilizers, and controlled-release agents in oral and topical pharmaceutical preparations. The constant innovation of drug delivery systems and the use of biotechnological-based active pharmaceutical ingredients (APIs) keep sustaining high demand from this industry, maintaining its dominant market position.

China cyclic crude, intermediate, and gum market generated a revenue of USD 8.9 billion in 2024. China market is projected to grow at a CAGR of 4.7% reaching USD 14 billion by 2034 as it is driven by increased the consumption.
 

• China market is undergoing both challenges and opportunities at the same time. The property market is sluggish, and it causes uncertainty in the economy as well, which makes buyers very cautious when it comes to purchasing goods for storage, which ends up hurting the petrochemical industry. Despite this, there is still good news. Back in 2024, the production of cyclic hydrocarbons in China increased by 25% from 2023, hitting 5.1 million tons.
   

The cyclic crude, intermediate, and gum market in the U.S. is expected to experience promising growth from 2025 to 2034 due to growth of increasing consumption within the country.
 

• In the U.S., the market of cyclic hydrocarbons is expected to grow slowly, with a projected volume increase of 0.2% between 2024 and 2035, reaching 17 million tons by the forecast period’s end. The market's performance is influenced by domestic production trends and import dynamics, with South Korea being a significant supplier. While the U.S. continues to be a key player in the global petrochemical industry, the market faces challenges relating to demand variability and the technological improvements necessary for production efficiency. Along with policy endorsement, strategic investments to bolster industry growth are imperative.
   

Cyclic Crude, Intermediate, and Gum Market Share

The crude oil, intermediate and gum global market starts with a combination of multinational corporations and local businesses. Each group employs different methods to retain or improve their status in the market. For example, in the cyclic hydrocarbons sector, the most important firms like BASF SE, ExxonMobil, Dow Incorporated, and Chevron Corporation focus on new technologies and innovative methods for production processes to align with constantly changing industry needs. These companies focus on operational efficiency and sustainability by heavily investing in research and development.
 

DuPont and CP Kelco are among the firms dominating the gums sector with their substantial market share of gum fiber. These firms focus on the formulation of natural and clean label products to meet the rising needs of consumers who are more health conscious. Mergers and acquisitions are among the most common strategic steps to reinforce market positions, involving companies such as Perfetti Van Melle who seek to bolster their market position through acquisitions. Collaborations with technology and ingredient companies also seek to boost product development and sharpen the competitive stance in a fast-evolving market.
 

Cyclic Crude, Intermediate, and Gum Market Companies

• BASF SE: As one of the world's foremost chemical and intermediate manufacturers, BASF SE offers an extensive portfolio of cyclic hydrocarbons and chemical building blocks. The company is oriented towards catalysis and digitalization 4.0 for their production lines. Verbund systems increase, enhance and sustain efficiency while minimizing the waste done in the processes. 
   
• ExxonMobil Chemical: ExxonMobil is still growing its foothold in the cyclic crude and intermediate segment chiefly via expanding petrochemical conversion enterprises. This company particularly invests in crude-to-chemicals C2C integration where there is a shift from producing fuels to high-value intermediates. Forming consortiums for the promotion of low carbon technologies tailored to shifting customer requirements is also an endeavor for the company. 
   
• Dow: Dow is well known to possess a robust portfolio of chemical intermediates procured for use in coatings, adhesives and other specialty uses. The firm concentrates on new products and invests more in circular economy and adaptable feed stocks. The strategical objectives of Dow also comprise enabling performance and solution optimization while maintaining an eco-friendly footprint through advanced material science. 
   
• CP Kelco: CP Kelco leads the world in the production of natural gums, specializing in pectin, carrageenan, and xanthan gum. The company has placed a focus on sustainable sourced materials and clean label-based product innovation. CP Kelco services the food, beverages, and personal care sectors to meet growing consumer demand for natural constituents.
   
• DuPont: As an innovation-based enterprise, DuPont makes an impact on the gums and intermediate chemicals sectors by focusing on biotech substitutes for gum and high-performance intermediates for the electronics and healthcare sectors. As with many other business units, R&D and marketing are synergistically integrated around the customers’ needs in addition to tailored application assistance.
   

Cyclic Crude, Intermediate, and Gum Industry News

• In May 2025, DuPont revealed that he incurred large tariff burdens which are directly related to exports of goods which are shipped to subsidiaries located in China. These shipments formed a large part of an estimated five hundred million dollars’ worth of tariffs schemed around exported goods.
   
• In February of 2025, ExxonMobil initiated testing alongside construction at its Huizhou petrochemical plant located in the Guangdong province of China. The facility, which includes a steam cracker with a capacity of 1.6 million tons per year, received several naphtha deliveries ahead of full deployment, intended to yield advanced grade petrochemicals.  
   
• In October 2024, BASF intended to continue development of his Neopor insulation padding by an additional 50.000 ton per year located at ludwigshafen from the BASF site.
   
• In July 2022, CP Kelco announced that it was actively marketing biogums produced from its plants located in Okmulgee, Oklahoma, USA, and Wulian, China.
   

The cyclic crude, intermediate, and gum market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) & volume (Tons) from 2021 to 2034, for the following segments:

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Market, By Product Type

• Cyclic crude
  • Aromatic hydrocarbons
  • Alicyclic hydrocarbons
  • Heterocyclic compounds 
• Chemical intermediates
  • Cyclic intermediates
  • Cyclohexanone
  • Cyclohexane
  • Cyclopentane
  • Other cyclic intermediates
  • Pharmaceutical intermediates
  • Agrochemical intermediates
  • Other intermediates
• Gums and related products
  • Natural gums
  • Gum arabic
  • Guar gum
  • Xanthan gum
  • Ghatti gum
  • Other natural gums
  • Synthetic gums
  • Chewing gum base
  • Carboxymethyl cellulose (CMC)
  • Other synthetic gums
• Wood chemicals
• Tall oil
• Charcoal
• Naval stores
• Other wood chemicals

Market, By Application

• Pharmaceuticals
  • Active pharmaceutical ingredients (APIs)
  • Excipients
  • Drug delivery systems 
• Chemicals and materials
  • Specialty chemicals
  • Polymers and resins
  • Paints and coatings
  • Adhesives and sealants
• Food and beverages
  • Emulsifiers and stabilizers
  • Thickening agents
  • Confectionery products
  • Beverages
• Oil and gas
  • Drilling fluids
  • Enhanced oil recovery
  • Fuel additives
• Textiles
  • Fiber intermediates
  • Dyes and pigments
  • Textile auxiliaries
• Cosmetics and personal care
  • Emollients
  • Surfactants
  • Rheology modifiers
• Agriculture
  • Pesticides and herbicides
  • Plant growth regulators
  • Soil conditioners
• Others

Market, By End Use Industry

• Pharmaceutical industry
  • Generic drugs
  • Branded drugs
  • Contract manufacturing 
• Chemical industry
  • Basic chemicals
  • Specialty chemicals
  • Fine chemicals
• Food processing industry
  • Bakery and confectionery
  • Dairy products
  • Beverages
  • Processed foods
• Oil and gas industry
  • Upstream
  • Midstream
  • Downstream
• Textile industry
  • Apparel
  • Technical textiles
  • Home textiles
• Cosmetics and personal care industry
  • Skin care
  • Hair care
  • Oral care
• Agricultural industry
  • Crop protection
  • Seed treatment
  • Soil enhancement
• Others

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe 
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of MEA