database - Blog - Global Risk Community2024-03-28T21:38:49Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/databaseIndia’s Polyamide Demand to Escalate at a CAGR of 6.41% by 2030https://globalriskcommunity.com/profiles/blogs/india-s-polyamide-demand-to-escalate-at-a-cagr-of-6-41-by-20302020-06-23T15:30:00.000Z2020-06-23T15:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028326864,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028326864,original{{/staticFileLink}}" class="align-center" alt="8028326864?profile=original" /></a></p><p>According to ChemAnalyst report, “<strong>India Polyamide Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030</strong><strong>”</strong><strong>.</strong> The demand for Polyamide in India is anticipated to achieve a CAGR of 6.41% on increasing export potential of the major consuming textile industry accompanied by large number of government relief packages and initiatives to stabilize the Indian textile and automotive industry after Coronavirus. Polyamide is a synthetic polymer having repetitive amide linkages. The product offers high strength and durability which makes it a preferred choice for fiber processing in textile industry, engineering plastic processing in automotive industry in addition to film processing in electrical and electronic industry. Moreover, rising utilization of heat conducting Polyamides in electronic industry is anticipated to appreciably contribute to pull up its demand in the forecast period.</p><p><strong>Browse Complete Report :</strong> <a href="https://www.chemanalyst.com/industry-report/india-polyamide-market-90"><strong>India Polyamide Price</strong></a></p><p>Union Budget 2020-21 having directives for promoting the foreign exports of textile in addition to the directives of 2018 Budget which increased the custom duty on imports by 20% from 10% in order to boost the indigenous production are anticipated to serve as major building blocks in the upliftment of Indian textile industry, thereby actively increasing the demand for synthetic artificial fabric like Polyamides in the next five years.</p><p>Demand for Polyamide has faced serious repercussions after the onset of Coronavirus in the final quarter of FY 20. The consumption of Polyamide has witnessed astonishing decline from its major consuming industries like textile and automotive on production cuts and turnaround implied in response to the lockdown measures imposed by the government to contain Coronavirus. Even after the ease in restriction of lockdown, certain companies continued with turnaround whereas majority of them operated their plants at a very low efficiency to restrain further decline in finances by excessive production in times of slacked demand. As textile industry consolidates huge revenue through exports, spread of the pandemic in major global economies has further slumped the demand for synthetic polymers such as nylon by over 80% in the quarter ended on April 20. To combat to this sudden downturn, Confederation of Indian textile industry has requested the government to grant immediate relief packages and cut the duties on the raw material required in manufacturing, to pull down the production cost thus improvising the profit margins. However, with increase in seasonal demand followed by the revival of the garment sector, the demand for major artificial Polyamides like Nylon 6 and Nylon 66 is expected to witness a gradual recovery from Q1 of FY 21. In addition, increasing utilization of heat conducting Polyamides in electrical and electronic industry is anticipated to be a potential segment in propelling the demand for the product in the forecast period. Moreover, the recent initiative of self-reliant India with an aim to make India a production hub has giving way to enhanced manufacturing activities in electrical and electronic industry, thus following an increase in the demand for Polyamide in the coming years.</p><p>According to ChemAnalyst report, “<strong>India Polyamide Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Type, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”</strong><strong>.</strong> Major players operating in India Polyamide market include Gujarat State Fertilizers and Chemical Limited, Century Enka Limited, SRF Limited, Toray Industries India Limited, Li Peng Enterprise Corporation Limited, BASF SE, Arkema SA, Royal DSM, Kuraray Corporation Limited and DuPont. India holds sufficient capacity to produce Polyamides hence, majority of the domestic demand for the product is fulfilled by Indian market. However, cheap imports from Russia and other countries still pose a high threat towards the growth of Indian Polyamide market in the forecast period.</p><p>“Polyamides constitute an appreciable share in the artificial textile industry of India. Sudden outbreak of Coronavirus has led to an astonishing downturn in demand for Polyamides from textile industry on plummeting domestic as well as export demand for fabrics due to the lockdown and trade halt imposed to contain the virus. Moreover, demand for Polyamides to produce engineering plastics in automotive industry has also witnessed a tragic downfall at the back of falling sales affected by the decline in economy. The slumped demand for Polyamide in the textile industry is anticipated to bounce back by the end of Q1 of FY 21 on upliftment in seasonal demand for Nylon-6 and Nylom-66 accompanied by resumption in manufacturing activities in majority of the companies under hopes of betterment in the number of virus cases in the country. Relief packages and initiatives such as self-reliant India are also expected to positively trigger the manufacturing in various end-user industries thereby, increasing the demand for several products in the Indian market. The demand for heat conducting Polyamide in electrical and electronic industry due to its superior conducting properties is expected to be the major driver for the Indian Polyamide market in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.</p><p><strong>Browse Related Reports</strong></p><p><a href="https://www.chemanalyst.com/industry-report/india-polybutylene-terephthalate-pbt-market-82"><strong>India Polybutylene Terephthalate (PBT) Prices, News Analysis</strong></a></p><p><a href="https://www.chemanalyst.com/industry-report/india-polycarbonate-market-76"><strong>India Polycarbonate Pricing, Demand & Supply</strong></a></p><p><strong>Source : ChemAnalyst</strong></p></div>India’s Styrene Acrylonitrile (SAN) Demand to Record Impressive Growth with a CAGR of 6.85 % by 2030https://globalriskcommunity.com/profiles/blogs/india-s-styrene-acrylonitrile-san-demand-to-record-impressive2020-06-09T15:00:00.000Z2020-06-09T15:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028326652,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028326652,original{{/staticFileLink}}" class="align-center" alt="8028326652?profile=original" /></a></p><p>According to ChemAnalyst report,” <strong>India Styrene Acrylonitrile (SAN) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030</strong><strong>”.</strong> The demand for SAN is expected to achieve a healthy CAGR of around 6.85 in the forecast period owing to the persistent hike in demand for SAN in manufacturing of electrical and electronic devices in the rapidly expanding Asian electronic sector. SAN is a copolymer produced by mass polymerization, emulsion, or suspension by utilizing 20-30% of Acrylonitrile resin and rest of Styrene. Impressive properties of SAN like tremendous heat and chemical resistance along with high rigidity makes it a highly profound material in several industries. Hence, increasing demand for SAN in the manufacturing of medical devices on potential advances being made in healthcare sector after the outbreak of Pandemic is likely to propel the demand for SAN in the coming years. The product also offers superior hygiene properties along with safety benefits. Moreover, SAN is also highly demanded for packaging applications in food and beverage industry. This demand is anticipated to propel at a prominent rate owing to the increasing stress over single-use packaging to restrain any chances for Covid-19 infection by contagion.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/india-styrene-acrylonitrile-san-market-75">India Styrene Acrylonitrile (SAN) Pricing</a></strong></p><p>As India accounts for limited production of SAN in contrast to its massive demand. In Dec 2019, All India Plastics Manufacturers Associations urged the government to restructure anti-dumping duty of major imported polymers and bring down anti-dumping duty on SAN by 5 per cent to efficiently nurture the upliftment of associated industries.</p><p><strong>Chemical-Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></strong></p><p>Onset of Coronavirus in final quarter of FY 20 has led to a sudden drift in demand for SAN from major-end user industries as they were compelled to suspend the production of the products on plunging demand for products as an outcome of the nationwide lockdown imposed by the government to constrain the Coronavirus spread. The demand for SAN has been negatively affected by the persistent slowdown in automotive sector initially due to the economic downturn, that was further exacerbated by outbreak of the global pandemic .The downturn in demand in automotive industry has substantially reduced the consumption of SAN, which is utilized in the molding and manufacturing of various automotive parts. However, this significant slump in demand for SAN from automotive industry has been prominently stabilized by the astonishing increment in demand for plastic packaging in food and beverages industry, making use of SAN to produce hygienic and safe plastics. This sudden shift towards single-use plastic packaging is expected to appreciably drive the demand for SAN and other polymer materials in the coming years on dilemma over the complete abatement of very till a proper vaccine in attained. The enhanced requirement for medical devices on continuous advances being done in the healthcare sector after Covid-19, has further pushed up the demand for SAN which is required for producing medical light diffusers, autoclavable devices and various other devices. Moreover, government initiative of self-reliant India with an aim of making India the manufacturing hub is anticipated to propel the demand for SAN in electrical and electronics industry as the country is keen to reduce the imports of finished goods from major importer China, thus giving domestic manufacturers a chance to fully cater to the domestic demand and consolidate heavy revenues.</p><p>According to ChemAnalyst report,” India Styrene Acrylonitrile (SAN) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. Major manufacturers engaged in the production of SAN in India are Bhansali Engineering Polymers and INEOS Styrolution Limited. As limited production capacity is unable to completely cater to the domestic demand, imports also play a significant role to fulfill the requirement of the India SAN Market. Other players of SAN operating in India include LG Chem, Lotte Chemical Corporation, China National Petroleum, Sabic Innovative Plastics, Toray Industries, Daicel Polymer Limited, Ningbo LG Yongxing Chemical, Formosa Plastic Group, etc. The market portrays massive opportunity for new players to emerge owing to the continuous increase in demand for SAN in comparison to its installed capacity in the country.</p><p>“ The chemical and petrochemical industry in India has faced tremendous downfall in the fourth quarter of FY 20 on sudden decline in demand for various products due to halt in production in several industries along with suspension of trade activities from international market as a ripple effect of Coronavirus outbreak. Amidst devastating fears of global recession on declining revenues from majority of industries, Polymer and Resin, Pharmaceuticals and Specialty Chemicals are among the few industries that witnessed an uptrend in their stock value as an effect on shift in demand towards hygiene and cleanliness friendly products due to lifestyle changes of people. The growing awareness over cleanliness and hygiene among people has escalated the demand for plastic packaging, thus pushing up the consumption of products like SAN, ABS, Polystyrene, and various other polymers. Similarly, the demand for SAN has also been positively influenced by the spur in demand for medical devices at the back of continuous advances being done in the healthcare industry to combat to the virus. This demand for SAN from healthcare sector is likely to grow at an incredible rate in the coming years owing to the concern over improvisation of domestic healthcare facilities to grapple present and post virus challenges in the country. Moreover, the recent government initiative of making India a manufacturing hub is anticipated to bolster the demand for SAN in its major segment electrical and electronics ,as the Indian market will enhance its manufacturing, thus cutting imports from its biggest importing country, China” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.</p><p><strong>Source : ChemAnalyst</strong></p></div>India Feedstock, Intermediates & Refined Products Stare at Rs. 72000 Cr Losses Due to Lockdown: ChemAnalysthttps://globalriskcommunity.com/profiles/blogs/india-feedstock-intermediates-amp-refined-products-stare-at-rs2020-05-26T07:30:00.000Z2020-05-26T07:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028320662,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028320662,original{{/staticFileLink}}" class="align-left" alt="8028320662?profile=original" /></a></p><p>Dwindling demand and decline in crude futures made India’s petrochemical feedstock hover several years low post the pandemic invaded the country. India is largely self-sufficient in naphtha, which is a key feedstock for petrochemical products and bulk polymers. The sliding demand made the country’s feedstock players reduce their run rates by almost 40% with some of the players also announcing plant shutdowns. India imports huge volumes of other feedstock (like LNG, LPG, methanol etc.) and hence the current situation makes the sector more of a beneficiary as consumers eye on cheaper stocks after the restrictions on cargo shipments are eased, when several major producers are facing a supply glut.</p><p><strong>Visit more info: <a href="https://www.chemanalyst.com/">ChemAnalyst</a></strong></p><p>Feedstock, Intermediates and Refined products segment would be the worst hit sector with an estimated revenue loss of INR 72000 cr. for the industry. As the industry is highly consolidated with a handful of large players, and is heavy traded commodities, it explains the magnitude of such loss and the industry might even layoff about 60-65 thousand employees to compensate for the same.</p><p><strong>News and Deals: <span><a href="https://www.chemanalyst.com/NewsAndDeals/NewsHome">https://www.chemanalyst.com/NewsAndDeals/NewsHome</a></span></strong></p><p>With all the companies rethinking strategies to cut operating expenditures or to introduce new product mix in their existing portfolio, it has been evident that the impact of COVID-19 has been severe to both the top-line and bottom-line numbers of entities across the chemical & petrochemical value-chain. With plunging of profits for almost every company, Indian economy is spiraling to an apparent hopeless inactivity. Critical feedstock imports such as Methanol was severely affected owing to supply chain disruptions and halted in-bound and out-bound transport. This has been worsened by the stalled investments in capacity additions across Ethylene & Aromatics value-chain, with all pre-FIDs having been deferred for the year. Refinery margins have been precariously low for the domestic players, killing their profitability.</p><p>For the first time in the last decade, outlook for the Indian Chemical & Petrochemical market remains grim across all countries. COVID-19 has dealt a severe blow to the earnings of manufacturers as well as intermediaries and left them struggling to stay afloat amidst massive supply-chain disruptions and washed-out demand. IMF has pegged India’s GDP growth rate at 1.9 per cent for FY20 and the country is likely to fall into recession if the lockdown continues.</p><p>Despite recent relaxation in lockdown norms across the country, situation remains highly grim necessitating an urgency in revival of downstream demand. Managing labour restrictions has become challenging owing to continuous nature of production in manufacturing units. Moreover, recent Styrene gas leak at LG Polymers in Vizag plant has forced the company to shift entire Styrene inventory to South Korea, thus halting their plant operations and impacting the feedstock draw rate. Total chemical & petrochemical industry stare at a loss of INR 1600-1700 crore per day during the lockdown. The revenue of most of the companies have been hit due to negligible demand of all major feedstocks, bulk chemicals and petrochemical products. Majority of downstream processors and end-users run on thin margin and characterized by high fixed cost. The total lockdown has blocked cash flow. This will result in job cuts and reduction in variable expenditure.</p><p>ChemAnalyst.com is a subscription based Digital Platform covering in depth data & analysis on 175+ chemicals and petrochemicals. It offers granular level real-time pricing data, news and business intelligence in chemicals and petrochemicals to give you a sustained competitive advantage across the industry value-chain.</p><p><strong>Source: ChemAnalyst</strong></p></div>Global Acetone Market is Anticipated to Grow at CAGR of 9.3% by 2030https://globalriskcommunity.com/profiles/blogs/global-acetone-market-is-anticipated-to-grow-at-cagr-of-9-3-by2020-05-07T12:30:00.000Z2020-05-07T12:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028317089,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028317089,original{{/staticFileLink}}" class="align-center" alt="8028317089?profile=original" /></a></p><p>According to ChemAnalyst report, <strong>“Global Acetone Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030”,</strong> the global Acetone market is expected to grow at an astounding CAGR of 9.3% during the forecast period. Principal demand for Acetone is from the solvents industry representing about 30% of the global demand, followed by Methyl Methacrylate (MMA) and Bisphenol A (BPA) manufacturing. It is anticipated that the global Acetone demand will be led by downstream Bisphenol A sector by 2030. </p><p><strong>Browse the Complete Report: <a href="https://www.chemanalyst.com/industry-report/acetone-market-66" target="_blank">Acetone Market Price</a></strong></p><p>However, at the start of 2020, ChemAnalyst report has recorded a spike in Acetone demand globally, considering the effects of novel coronavirus in the current fiscal. Acetone demand has strengthened since the outbreak of pandemic as the commodity stands out amid dwindling petrochemical market. During the pandemic, Acetone market has become eye-catching due to its exceptionally rising demand for manufacturing Iso Propyl Alcohol (IPA). Demand for IPA has skyrocketed due its principal consumption in hand sanitizers and other disinfectants products whose sales have drastically gone up. As a result, the US Department of Homeland Security declared INEOS Acetonitrile, IPA and Acetone as “Critical to ensure National Resilience”. Triggered by surge in global demand, IPA spot FOB US Gulf prices have been assessed to fly at all time high between USD 1,370 to USD 4,190/tonne in April 2020, triggering a surge of 15% in global Acetone prices since March 2020.</p><p><strong>Chemical Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></strong></p><p>According to the report, INEOS Group, Cepsa Corporation, Kumho shell, PTTGC., Formosa Chemicals and Fibre Corporation., Taiwan Prosperity Chemical Corp (TPCC)., Deepak Nitrite Ltd., LG Chem, Mitsui Chemicals Inc., DOW Chemicals, SABIC Innovative Plastics, Shell are some of the leading players operating in the Global Acetone market. Cumene peroxidation is the common process used for Acetone production with almost 90% share in the Acetone produced globally followed by dehydrogenation of isopropanol and other processes. Rise in the industrial production of Cumene with new plant capacities coming up by 2023 will further lead to rise in global Phenol demand.</p><p>The ChemAnalyst report analyzes that Asia Pacific region led by China is contributing to the largest Acetone market share in 2019 and is forecasted to experience the fastest growth rate of more than 6 per cent in the forecast period. This is attributed to strong growth in the country’s Bisphenol A and polycarbonate sectors with rigorous addition of Phenol and Acetone capacities to ensure reduced dependency over imports and make the economy self-reliable. Also, eyeing on increased demand for Acetone based downstream products in the second quarter, Indian players are also expecting a sharp spike in Phenol and Acetone demand which is likely to propel growth of these products in Asia Pacific market.</p><p>“Acetone market players are optimistic as the industry projects robust growth due to its increased consumption as a solvent in paints and adhesives, pharmaceutical, cosmetics and industrial sector. As major countries like the U.S. and India are imposing anti-dumping duties on Acetone imports from South Korea and China, key players are ramping up their domestic capacities to strengthen their domestic presence. Moreover, rising plant capacities and strategic investments in the sector would help underpin the success of the Acetone market for the next 6 years. Major companies are rigorously investing in the setting up Cumene production units. In Q3 2020, INEOS Phenol broke grounds to set its world-scale Cumene production unit in Germany. The new unit is scheduled to be completed in 2021 and will contribute about 750 KT of global Cumene demand. Furthermore, the key manufacturers operating in the downstream BPA and MMA markets are expanding their business through mergers and acquisitions creating wider opportunities for the growth of Acetone demand over the next six years. Acetone over-capacities and disrupted supply-chains, are some of the threats that are lying before the dynamic Acetone industry, and hence its becomes crucial to understand what impact these changes will have on the value chain to know the global Acetone value chain.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.</p><p></p><p><strong>Source: ChemAnalyst</strong></p></div>Global Hydrogen Peroxide Market Expected to Cross 11 Million Tonnes by 2030https://globalriskcommunity.com/profiles/blogs/global-hydrogen-peroxide-market-expected-to-cross-11-million2020-05-06T13:00:00.000Z2020-05-06T13:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p></p><p><span>According to ChemAnalyst report, “</span><strong>Global Hydrogen Peroxide Market: Plant Capacity, Production, Demand & Supply, Concentration, Grade, End Use, Sales Channel, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030<span>”,</span></strong> <span>the global Hydrogen Peroxide market is expected to grow at a healthy CAGR of <strong>5.1%</strong> during the forecast period on account of robust rise in demand from Paper and Pulp industry backed by unprecedented surge in Hydrogen Peroxide consumption for manufacturing disinfectants utilized primarily in food processing, packaging and healthcare industries. Demand for Hydrogen Peroxide has witnessed a remarkable jump in double-digits during the current scenario of pandemic coronavirus and subsequent rise in awareness among people for hygiene and improved sanitation is further likely to propel the demand in the future.</span></p><p><strong>Browse Complete Report: <a href="https://www.chemanalyst.com/industry-report/hydrogen-peroxide-market-54" target="_blank">Hydrogen Peroxide Market Demand</a></strong></p><p><span>Pulp and Paper Industry accounts for the highest Hydrogen Peroxide Demand market share owing to its popular application as a strong bleaching agent and for recycling applications. While on one hand, the digital revolution has reduced the overall demand for printing paper, population growth and rising people’s awareness towards maintaining personal hygiene has pushed up the production of hygienic paper goods such as diapers and tissue paper. Players anticipate a significant rise in the demand for paper and board from packaging sector, further fueled by the soaring e-commerce industry and a change in people’s food consumption habits.</span></p><p><strong>Chemical Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></strong></p><p><span>Other major application of Hydrogen Peroxide contributing to its impressive CAGR is its use in disinfectant chemicals. Owing to its remarkable anti-bacterial properties, Hydrogen Peroxide is one of the chemicals flashing on headlines these days as the health experts across several countries battle to contain the spread of novel coronavirus which sparked in the Wuhan province of China and soon infected 210 countries across the globe. Governments across several countries, in their unprecedented efforts to control contagion, are opting to spray Hydrogen Peroxide based surface disinfectants in high-risk public areas, such as in hospitals, care homes, banks and other essential services. Researchers of the US National Institutes of Health have recently reported the use of vaporized Hydrogen Peroxide to decontaminate medical-use respirators which can then be reused up to three times without affecting the equipment’s performance. Moreover, researchers and medical centers across the globe are also testing the chemical to decontaminate N95 masks, to combat the potential shortages considering the soaring masks demand during the pandemic. The global Hydrogen Peroxide market report has recorded a rise of about 11 per cent in the global Hydrogen Peroxide demand, by volume, in-line with strong gains in the chemical’s demand outlook since the outbreak of Covid-19.</span></p><p><span>Evonik Industries AG, Solvay S.A., Arkema S.A., FMC Corporation, Mitsubishi Gas Chemical Company, Santoku Chemical Industries Co., Ltd., Nouryon, Kemira Oyj, Hansol Chemical Co. Ltd., Chang Chun Petrochemical Co., Ltd, OCI COMPANY Ltd., National Peroxide Limited etc., are some of the leading players operating in the Global Hydrogen Peroxide market. Anticipating strong boost in the global Hydrogen Peroxide market, several companies are looking forward to capacity expansions and acquisitions to get a strong foothold in the Hydrogen Peroxide industry. Recently, companies like Mitsubishi Gas Chemical Company, National Peroxide Limited etc. have gone for capacity additions in Hydrogen Peroxide business. While the former has added around 70 KT in United States market, National Peroxide has added around 55 KT in India. Moreover, Mitsubishi Gas Chemical Company has planned to invest $156 million to construct a production facility for industrial Hydrogen Peroxide (IHP) in Taiwan. Evonik’s acquisition of PeroxyChem LLC is yet another big venture into global Hydrogen Peroxide business.</span></p><p>Regionally, Hydrogen Peroxide market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. <span>According to ChemAnalyst report, <strong>“Global Hydrogen Peroxide Market: Plant Capacity, Production, Demand & Supply, Concentration, Grade, End Use, Sales Channel, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”</strong></span>, Asia-Pacific region is the leading region in terms of global Hydrogen Peroxide demand <span>during 2015-2019 and is likely to lead the market during the forecast period. This is attributed to the strong growth in region’s paper consumption, textile production, healthcare and personal care industries. North America and Europe are in league of leading regions generating huge volume demand for the product with huge capital investments in the sector.</span></p><p>“The global demand for Hydrogen Peroxide is strongly driven by industrial growth in the pulp and paper industry and consumption in the disinfectant chemicals industry. Owing to the huge population base and industrial expansions, regions like APAC are experiencing rapid growth in their paper demand and hence house wider scope for Hydrogen Peroxide market growth. Moreover, as healthcare industry eyes on vaporized Hydrogen Peroxide (VHP) for disinfecting used masks, the global Hydrogen Peroxide industry is anticipating a major shift in its demand patterns. However, players believe that lower shelf-life of industrially utilized Hydrogen Peroxide is on of the key reasons that may hinder the growth of global Hydrogen Peroxide market. New players venturing into investment in the cleaning chemicals and pulp and paper sector would help underpin the success of the Hydrogen Peroxide market for the next 6 years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.</p><p><strong>Source: ChemAnalyst</strong></p></div>Global Phenol Market Demand Is Anticipated to Surpass 15.80 Million Tonnes by 2030https://globalriskcommunity.com/profiles/blogs/global-phenol-market-demand-is-anticipated-to-surpass-15-802020-05-05T11:30:00.000Z2020-05-05T11:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span><a href="{{#staticFileLink}}8028321481,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028321481,original{{/staticFileLink}}" class="align-full" alt="8028321481?profile=original" /></a></span></p><p><span>According to ChemAnalyst report, “<strong>Global Phenol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030”,</strong></span> <span>the global Phenol market is expected to grow at a healthy CAGR of <strong>5.5%</strong> during the forecast period on account of increase in demand for Phenol derivatives from downstream capacity expansions, particularly Bisphenol A (BPA) and Polycarbonate. More than 50 per cent of total Phenol output globally is consumed for BPA production. BPA demand is driven by strong growth in the polycarbonate market serving multitude of industries such as automobile, electrical and electronics, construction materials, medical devices among many others, globally. Asia Pacific region is likely to see around 15 planned capacity additions in Polycarbonate units by 2023. Additions in BPA capacity is also to happen in the region where China will lead in Phenol demand, followed by India.</span></p><p><strong>Browse the Complete Report: <a href="https://www.chemanalyst.com/industry-report/phenol-market-62" target="_blank">Phenol Demand</a></strong></p><p><span>However, sudden outbreak of novel Coronavirus has rendered a sharp decline in Phenol demand, almost by 22 per cent globally. Phenol market outlook for the year 2020 seems bearish as several downstream companies declared force majeure which has caused a significant reduction in total Phenol offtake. As several countries adopted lockdown measures to curb the spread of coronavirus, reduced Phenol offtake from downstream manufacturers of BPA, epoxy resin, nylon and polycarbonate units by the end of first quarter has caused downshift in Phenol production as well as consumption. Phenol prices tumbled on account of slump in demand and surplus availability in Phenol producing countries like China, India, U.S., Germany, etc. Phenol demand has already taken a hit globally and piling stock of inventories in excess has further pressurized Phenol prices in the international market.</span></p><p><span><strong>Chemical Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></strong> </span></p><p><span>International prices of phenol which recorded an all-time low in March have rebounded in some of the economies which have managed to limit the rate of COVD-19 infection and have started turnaround in Phenol production units. Industries in India are anticipating plant turnarounds by first week of May 2020 while those in European countries are taking longer time to recover from dampened demand and resulting plunge in Phenol prices. Europe’s phenol giant INEOS shut its manufacturing unit in Belgium for about 6-weeks starting March 2020, thereby, reducing Phenol output in the region. Other major players like Shell Global, Cepsa Corporation, Olin Corporation who had announced plant closures earlier, have resumed operations running plants at 60% operating rate to mitigate the blow of demand slowdown. While Phenol April contract prices plunged to 11 years low in Europe, Asia’s Bisphenol A (BPA) cargoes were traded at higher prices touching nearly $920/tonne CFR China, moving up by about $40-$50/tonne in April since March, due to rebounding feedstock Phenol prices in the region.</span></p><p><span>Although 2020 doesn’t seem promising for Phenol manufacturers but recovery in demand is expected as soon as the international market stabilizes and resulting pick-up in demand following growth in downstream and end user industries.</span></p><p><span>INEOS Phenol, Shell Global, Cepsa Corporation, PTTGC., AdvanSix Inc., Formosa Chemicals and Fibre Corporation., LG Chem, Mitsui Chemicals Inc., Honeywell, DOW Chemicals, Taiwan Prosperity Chemical Corp (TPCC), Sabic Innovative Plastics, Mitsubishi Chemical, Deepak Nitrite Ltd., are some of the leading players operating in the global Phenol market.</span></p><p>Regionally, the Phenol market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. <span>According to ChemAnalyst report, <strong>“Global Phenol Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030”</strong></span>, Asia Pacific is expected to witness fastest growth in the overall Phenol market owing to the <span>increase</span> in exports of raw material and finish goods across the globe <span>backed by huge investments which are scheduled to be on stream by 2023. Asian Phenol players are optimistic as China, the economy which accounts for the largest phenol demand, is heading towards industrial recovery after waging a long battle against coronavirus. The market optimism among Phenol players is due to a sharp spike in China’s official manufacturing PMI which touched 52 after a slip to 35.7 in February 2020. Strong surge in the demand for by-product Acetone for disinfectant manufacturing has further improved Phenol demand in APAC countries.</span></p><p><span> </span></p><p><span>“</span>Asia Pacific would augment the growth in global Phenol market during the forecast period as large downstream-derivatives capacities are stated to come on stream by 2023. Among the APAC countries, Malaysia and India are major producers of Phenol derivative BPA with China leading in Phenol demand due to growth in polycarbonate-based downstream units in the recent years. <span>As Phenol demand is anticipated to recover post the</span> pandemic, China will be the major country leading in overall Phenol demand which currently accounts for roughly 25% of the global Phenol demand and about 50% of the total nylon supply demand. In the next five years, China’s Polycarbonate production capacity is expected to increase at a rate of 6%, leading to higher consumption of BPA and ultimately Phenol. Moreover, since Cumene Peroxidation is the common industrial process to produce Phenol, major players are eyeing on advanced Cumene production technologies. Recently, European PKN Orlen’s announcement to use the Honeywell’s UOP Q-Max and Phenol 3G technology, to convert Orlen’s Benzene and Propylene into high-quality Cumene at low Benzene-to-Propylene ratios using regenerable catalysts is an example of early adoption of technology to gain first-mover advantage in the market. Furthermore, the key manufacturers operating in the downstream BPA markets are expanding their business through mergers and acquisitions creating lucrative opportunities for the growth of market over the next six years. These dynamics and developments in downstream industries would hugely impact Phenol demand pushing it to unprecedented levels during the forecast period” said Mr. Karan Chechi, Research Director with <span>TechSci Research</span>, a research based global management consulting firm promoting ChemAnalyst.</p><p>Market over-supply, plant turnarounds and disrupted supply-chains are some of the challenges lying before the dynamic Phenol industry. Hence, it becomes crucial to understand what impact these changes will have on the businesses and various stakeholders across the value-chain.</p><p>Source: ChemAnalyst</p><p></p></div>India Plant Shutdown and Resumptionshttps://globalriskcommunity.com/profiles/blogs/india-plant-shutdown-and-resumptions2020-04-28T15:00:00.000Z2020-04-28T15:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><strong><span><a href="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" class="align-full" alt="8028313879?profile=original" /></a></span></strong></p><ul><li><strong><span>Indian Oil to Resume Work at Paradip-Hyderabad Pipeline Project</span></strong></li></ul><p><span>Indian Oil Corporation (IOC) Ltd. has resumed work on its prestigious INR 3800 crore, cross-country Paradip-Hyderabad petroproduct pipeline project in Andhra Pradesh and Odisha. The operations restarted recently after the Central government permitted certain relaxations during the nation-wide lockdown. After the approval from the concerned authorities, the work resumed with limited manpower and necessary precautions. The project is aimed at improving availability of petrol, diesel, kerosene, and aviation turbine fuel in the region through supplies from its Paradip refinery to the demand centres in Odisha, Andhra Pradesh and Telangana. The pipeline has been designed to handle 4.5 million tonne products annually.</span></p><p><strong><span> </span></strong></p><p><strong><span>Visit more info: <a href="https://www.chemanalyst.com/NewsAndDeals/NewsHome">https://www.chemanalyst.com/NewsAndDeals/NewsHome</a></span></strong></p><ul><li><strong><span>Coromandel International Resumes Fertilizer Production</span></strong></li></ul><p><span>Coromandel International (CIL), a leading Indian fertilizer importer and manufacturer has resumed fertilizer production at its Vishakhapatnam unit after relaxation in lockdown restrictions by the Central government. The company recorded a significant reduction in its output at the end of March due to lockdown and reports that its Kakinada facility is still running. The company is one of the leading suppliers of phosphate-based fertilizers in India, with production capacity of 2.94 million tonnes in 2018-19 as per its annual report. The annual capacity of the company is 3.5 million tonnes of phosphate fertilizer, which includes DAP, SSP and NPKs.</span></p><p><strong>Chemical Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></strong></p><ul><li><strong><span>Building of Suven Pharmaceuticals Ltd. Catches Fire</span></strong></li></ul><p><span>A major fire broke out at a Suven Pharmaceutical Ltd’s R&D unit at Jeedimetla, Hyderabad on Sunday evening around 4:30 pm. Ten employees were inside the pharmaceutical company when the fire broke out. There has been no news of casualties after the incident took place as all the workers escaped on time. Jeedimetla Station Fire Officer, Subash Reddy stated in an interview that the main cause of fire was a chemical reaction that took place inside the plant which in no time led to explosion of the reactors causing the outbreak of fire.</span></p><p><strong>Get the Chemical and Petrochemical Industry News on Daily Basis, </strong><strong>Weekly-Trend & Forecast and Monthly-Analyst Views</strong><strong><span> </span></strong></p><p></p><p><strong>Subscribe Today!</strong></p><p></p><p><strong>News on WhatsApp/WeChat/Mail</strong></p><p><strong><span> </span></strong></p><p><strong>First 15 days free news!</strong></p><p></p><p><strong>WhatsApp No. +91-9914868686</strong></p><p></p><p><span><strong>For sales related query, dial +91-9958299626 or +91-8882336899 or email at</strong> <a href="mailto:sales@chemanalyst.com"><strong>sales@chemanalyst.com</strong></a></span></p><p><span><strong>Source: ChemAnalyst</strong></span></p></div>India’s Petrochemical Sector Eyes on Better Days After Relaxed Lockdown Restrictionshttps://globalriskcommunity.com/profiles/blogs/india-s-petrochemical-sector-eyes-on-better-days-after-relaxed2020-04-20T17:00:00.000Z2020-04-20T17:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span><a href="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" class="align-full" alt="8028313879?profile=original" /></a></span></p><p><span>The US oil market plummeted to 18-year lows and below $18 a barrel on Friday following a hike as the demand for oil witnessed a downfall with storage facilities touching their limits. The WTI crude fell to $28 a barrel with anticipations that the stocks may keep filling till May.</span></p><p></p><p><span>Visit more info: <a href="https://www.chemanalyst.com/NewsAndDeals/NewsHome">https://www.chemanalyst.com/NewsAndDeals/NewsHome</a></span></p><p></p><p><span>Major oil producers decided to shut their wells as overwhelming storage facilities pose a major threat. As per the experts in the field, the US shale industry is expected to shrink by more than 2 million barrels a day as the crude oil continue to crash forcing oil producers to shut down their fracking rigs. Amidst Friday uncertainties in the oil market, the energy ministers of Russia and Saudi Arabia released a joint statement wherein they indicated about incorporating deeper oil production cuts to stabilize the prices.</span></p><p><span>Chemical Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></span></p><p></p><p><strong><span>Key Headlines</span></strong></p><ul><li><span>Sell Ready to Invest in A $6.4 Billion Gas Project Despite Covid Crisis</span></li><li><span>Brent Sheds Gains Hit by Surge in Inventories</span></li><li><span>Petrobras Shut 62 Offshore Platforms in Brazil</span></li><li><span>Natural Gas Prices Rallied by A “Fair Value” on Friday</span></li><li><span>Shell Reveals Its Plan to Become Net-Zero Carbon Company By 2050</span></li></ul><p></p><p> </p><p> </p><p><strong>Get the Chemical and Petrochemical Industry News on Daily Basis, </strong><strong>Weekly-Trend & Forecast and Monthly-Analyst Views</strong></p><p><strong> </strong></p><p><strong>Subscribe Today!</strong></p><p><strong>News on WhatsApp/WeChat/Mail</strong></p><p><strong>First 15 days free news</strong></p><p><strong>WhatsApp No. +91-9914868686</strong></p><p><strong>For sales related query, dial +91-9958299626 or email at</strong> <a href="mailto:sales@chemanalyst.com"><strong>sales@chemanalyst.com</strong></a></p><p> </p><p><strong>Source: ChemAnalyst</strong></p></div>Chemical Giants Fight on The Frontlines in The World’s Battle Against Novel Coronavirushttps://globalriskcommunity.com/profiles/blogs/chemical-giants-fight-on-the-frontlines-in-the-world-s-battle2020-04-16T16:00:00.000Z2020-04-16T16:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028315879,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028315879,original{{/staticFileLink}}" class="align-full" alt="8028315879?profile=original" /></a></p><p>Chemical manufacturing companies are continuously coming up with concerned initiatives to assist against Coronavirus which is submitting to extreme highs with hopes of abatement. With rising number of cases, the demand for essential chemical feedstock required in the healthcare industry is showing an incredible surge, compelling the indulged companies to scale up the supply. Stressing this issue, WHO has also asked chemical companies to ramp up the production of personal protective equipment material to serve the skyrocketing demand from pharmaceutical and healthcare industries.</p><p></p><p><strong>Visit more info: <a href="https://www.chemanalyst.com/NewsAndDeals/NewsHome">https://www.chemanalyst.com/NewsAndDeals/NewsHome</a></strong></p><p></p><p>Taking this step forward, Exxon Mobile, one of the largest oil producing giants in the global market has announced increment in the production of raw materials to produce essential necessities such as gowns, masks and hand sanitizers required in medical and healthcare sectors to look after Covid-19 patients. Addressing the concern, the president of Exxon Mobile stated that the company is whole heartedly trying to assist nurses, doctors and first respondents, that are the warriors in these tough times to fulfil the high scale demand for critical protective equipments.</p><p></p><p><strong>Chemical Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></strong></p><p></p><p>Since specialized Polypropylene is widely used in the manufacturing of protective masks and gowns, the company has ramped up the production of Polypropylene by around 1000 per month. With this boost in production capacity, the company’s competency to assist in the production of 20 million gowns or 200 million medical masks will enhance. In addition, it has also escalated the production of Isopropyl Alcohol, a prominent feedstock utilized in manufacturing sanitizers and disinfectants. The company aims to produce medical-grade hand sanitizers up to 50 million 4-ounce bottles with this upgraded production facility. Furthermore, it is looking forward to introducing new products for health and hygiene in response to the global Pandemic. Exxon Mobiles has recently collaborated with Global Centre for Medical Innovation to work for rapid development and innovations in the designing of protective masks and other essential equipments. The company is putting high efforts by applying its expertise in polymer technologies to contribute towards the production of an advanced category masks that can be worn and sterilized multiple times.</p><p>As per the researchers of ChemAnalyst, these positive reforms in global chemical sector are anticipated to serve well in awakening the prolonged dull dynamics of the industry. Despite bearish buying sentiments of other chemical products, consistent boost in the production of Isopropyl Alcohol and Polypropylene will further contribute in the recovering the loss underwent by the chemical industry in previous months. With rise in demand, the prices of these products will also witness prominent gains followed by the much-needed increment in the stock value. Analysing the price trend for non-woven grade of Polypropylene and IPA for Southeast Asia, both products have witnessed significant uptrend in prices since last two months amid surging demand for the product to combat against virus. The prices of these products are further anticipated to climb with rising stress of Covid-19 in the global market showing no signs of abatement.</p><p></p><p><strong>Source: ChemAnalyst</strong></p></div>Petrochemical Industry Experiences a Roller Coaster Ride as Further Downside Awaitshttps://globalriskcommunity.com/profiles/blogs/petrochemical-industry-experiences-a-roller-coaster-ride-as2020-04-14T15:00:00.000Z2020-04-14T15:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><strong><a href="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" class="align-full" alt="8028313879?profile=original" /></a></strong></p><p><strong>International Plant Shutdown NewsInternational Plant Shutdown News</strong></p><p>• <strong>Exxon Mobil Halts Drilling Operations in Cyprus Energy</strong></p><p>Exxon Mobil, the U.S. based multinational oil and gas company, has announced suspension of its two Cypriot gas drills scheduled for July 2020 till September 2021. The decision was taken in consideration to the pandemic stress and acute volatility in the international petrochemicals market due to plummeting prices of oil. The company has blamed the logistical disruptions and rising cases in U.S. for its operational cuts. The company has also cancelled drilling activities in other parts of the world. This happened just few days after the CEO of the company announced to implement about 30% cut in its capital expenditure taking into consideration the impact of the pandemic to the energy market.</p><p>• <strong>Ukraine suspends Plant Operating to Develop New Missile</strong></p><p>SystemUkraine has announced temporary shutdown of its Pevlograd Chemical Plants engaged in manufacturing explosives and charging ammunitions. According to State Defence Order, lack of funding from government to finance operations and services has made corporation to shut operations till they are economically secured. With this plant shutdown, the complete missile project has come to a dead end with no ray of hopes to be seen for recovery.</p><p><strong>Key Headlines</strong></p><ul><li><span>ONGC Gas Output Drops to 15%, Lesser Demand Hits the Market</span></li><li><span>Indian Oil to Fill its Underground Reserves with First Oil Shipload Arriving from UAE</span></li><li><span>Oil Rebounds “But Little” After the Producers Sign Compromise Deal</span></li><li><span>Asia’s Methanol Industry Suffers Supply Glut as Exporters Target China</span></li><li>ExxonMobil Postpones Two Cyprus Energy Drills</li></ul><p><strong>Get the Chemical and Petrochemical Industry News on Daily Basis, Weekly- Trend & Forecast and Monthly-Analyst Views</strong></p><p><strong><span>Subscribe Today!</span></strong></p><p><strong><span>News on WhatsApp/WeChat/Mail</span></strong></p><p><strong><span>First 15 days free news WhatsApp No. +91-9914868686</span></strong></p><p><strong>For sales related query, dial +91-9958299626 or email at</strong> <a href="mailto:sales@chemanalyst.com"><strong>sales@chemanalyst.com</strong></a></p><p></p><p><strong>About ChemAnalyst</strong></p><p><strong><a href="https://www.chemanalyst.com/" target="_blank">ChemAnalyst</a></strong> is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Indian chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses.</p><p>ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decide the future.</p><p>ChemAnalyst is promoted by TechSci Research (TSR). TSR is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.</p><p><strong>For more information, please visit us at</strong></p><p><strong><a href="https://www.chemanalyst.com/" target="_blank">www.chemanalyst.com</a></strong></p><p><strong>Source: ChemAnalyst</strong></p></div>Lingering Logistics and Tumbling Crude are Bringing Austerity to The Chemical Marketshttps://globalriskcommunity.com/profiles/blogs/lingering-logistics-and-tumbling-crude-are-bringing-austerity-to2020-04-08T17:00:00.000Z2020-04-08T17:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><strong><span><a href="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" class="align-full" alt="8028313879?profile=original" /></a></span></strong></p><p><strong><span>Key Headlines</span></strong></p><ul><li><span>Oil prices rebound on hopes for a positive outcome during Saudi-Russia meeting</span></li><li><span>Asian refiners cut operating rates as demand collapses further</span></li><li><span>Exxon to reduce it capital expenditure by 30% to adapt to falling crude</span></li><li><span>KNPC announces completion of biofuel project at Al-Ahmadi refinery</span></li><li><span>Exolon Group expands production of polycarbonate and polyester sheets</span></li></ul><p><strong>International Plant Shutdown News</strong></p><ul><li><strong><span>BF Energy to Hold-Up Full Restart at its Refinery After Turnaround</span></strong></li></ul><p><span>BF Energy Incorporation is purposely holding up the restart of its operating units in Toledo, Ohio. The operating units include a crude unit and a cat unit under its refinery at Toledo having a capacity of 170000bpd. The company undertook maintenance turnaround at the start of the year. With sudden outbreak of novel Coronavirus and plummeting demand, it is struggling to maintain economic balance. Hence, delaying the restart of plant operation to combat to any additional losses.</span></p><p><strong>Visit more info: <a href="https://www.chemanalyst.com/NewsAndDeals/NewsHome">https://www.chemanalyst.com/NewsAndDeals/NewsHome</a></strong></p><ul><li><strong><span>Cummins Cuts Operations in Indiana plants amid Pandemic Stress</span></strong></li></ul><p><span>Cummins, a renowned company engaged in manufacturing and distribution of fuel engines and technologies in United States has announced temporary shut in its plant operations from this week. The company undertook the shutdown in order to combat losses from disruption in trade and hovering demand. It has scheduled the reopening of manufacturing facilities on 4 May 2020.</span></p><p></p><p><strong>Get the Chemical and Petrochemical Industry News on Daily Basis, Weekly-Trend & Forecast and Monthly-Analyst Views</strong></p><p><strong><span>Subscribe Today!<br /> News on WhatsApp/WeChat/Mail</span></strong></p><p><strong><span>First 15 days free news</span></strong></p><p><strong>WhatsApp No. +91-9914868686</strong></p><p><span><strong>For sales related query, dial +91-9958299626 or email at</strong> <a href="mailto:sales@chemanalyst.com"><strong>sales@chemanalyst.com</strong></a></span></p><p><span><strong>Source: ChemAnalyst</strong></span></p></div>Feedstock Industry Witnesses Price Crash as Demand Evaporates Amid Global Pandemichttps://globalriskcommunity.com/profiles/blogs/feedstock-industry-witnesses-price-crash-as-demand-evaporates2020-04-07T16:30:00.000Z2020-04-07T16:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028313879,original{{/staticFileLink}}" class="align-full" alt="8028313879?profile=original" /></a></p><p>Global prices of crude oil further nosedived on Monday after Russia and Saudi Arabia delayed a critical meet to discuss over implementing a cut in oil production in order to alleviate oversupply in global market. After the last OPEC meet, the two oil producing giants have aggravated their rifts by indulging in a blame game over the fault in crude crises. Hence, pushing the scheduled date of discussion to Thursday that is 9 April. With ongoing crude production, Brent crude further fell to $30.03 a barrel on 02:03 GMT, down by $1.29.</p><p><strong>Visit more info:<a href="https://www.chemanalyst.com/NewsAndDeals/NewsHome">https://www.chemanalyst.com/NewsAndDeals/NewsHome</a></strong></p><p></p><p>Moreover, West Tax Intermediate Crude settled at $26.68 a barrel, with a dip by $1.66. As per analysts, the present situation is critical enough with plummeting demand amid Coronavirus crises and crashing economies. If countries continued to flood the market with crude by overlooking their rifts, there will be no hope left for bouncing back and stabilizing the ground.</p><p></p><p><strong>Chemical Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></strong></p><p></p><p><strong><u><span>International Plant Shutdown News</span></u></strong></p><p></p><ul><li><strong><span>Molindo Raya to Curtail Bioethanol Production Due to Shortage in Raw Material Availability</span></strong></li></ul><p><span>Indonesia’s Molindo Raya bioethanol plant is equipped with a production capacity of 80000 kilolitres of fuel grade ethanol every year. However, the company is struggling to keep up with the production due to shortage of feedstock sugarcane in the country. Hence the company has curtailed the production in its bioethanol plant owing to the limited availability of raw material. Although the government is looking forward for an effective solution in balance with the economic feasibility.</span></p><p><span> </span></p><ul><li><strong><span>Yokohama Temporarily Shuts Production at Tire Plant in Salem Amid Pandemic Concerns</span></strong></li></ul><p><span>Yokohama, a downstream elastomer industry in Santa Ana, North America engaged in the manufacturing of tires has announced temporary shut in operation at its plant in Salem. The company undertook this shutdown on 5 April which is anticipated to last for a minimum of two weeks. Purpose behind this shut down is the health and safety of its employees against novel Coronavirus. As of now, the company has rich in-built inventory to serve the existing orders and for any sudden pickup in demand.</span></p><p><span> </span></p><ul><li><strong><span>Caltex to Undergo Refinery Shutdown Due to Plummeting Oil Demand</span></strong></li></ul><p>Australia’s oil producing giant Caltex announced the temporary turnaround of its refinery in Brisbane for maintenance in May. Earlier, the maintenance turnaround was scheduled in July but due to hard hit demand by Coronavirus the company has decided to preschedule the turnaround. According to authorities, the refinery will not be operational until demand crises improve, and market is stabilized.</p><p></p><p><strong>Get the Chemical and Petrochemical Industry News on Daily Basis, Weekly-Trend & Forecast and Monthly-Analyst Views</strong></p><p><strong>Subscribe Today!<br /> News on WhatsApp/WeChat/Mail</strong></p><p><strong>First 15 days free news</strong></p><p><strong>WhatsApp No. +91-9914868686</strong></p><p><strong>For sales related query, dial +91-9958299626 or email at</strong> <a href="mailto:sales@chemanalyst.com"><strong>sales@chemanalyst.com</strong></a></p><p>About ChemAnalyst</p><p>ChemAnalyst is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Indian chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses.</p><p>ChemAnalyst’s team of 100+ analysts are engaged in tracking Chemical Prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decide the future.</p><p>ChemAnalyst is promoted by TechSci Research (TSR). TSR is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.</p><p><strong>For more information, please visit us at</strong></p><p><strong><a href="http://www.chemanalyst.com">www.chemanalyst.com</a></strong></p><p></p><p>Source: ChemAnalyst</p><p></p></div>What Will Hit the Chemical Sector Most: Covid-19 Or Crude Oil?https://globalriskcommunity.com/profiles/blogs/what-will-hit-the-chemical-sector-most-covid-19-or-crude-oil2020-03-30T07:00:00.000Z2020-03-30T07:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><strong><a href="{{#staticFileLink}}8028312058,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028312058,original{{/staticFileLink}}" class="align-left" alt="8028312058?profile=original" /></a></strong></p><p><strong>International Plant Shutdown NewsInternational Plant Shutdown News</strong></p><ul><li>ABEL Chemical goes for indefinite shutdown in its Styrene Monomer PlantABEL Chemicals with an installed capacity of 250 KT Styrene Monomer at Jiangsu, China underwent an indefinite shut down with no prior information on the date for resuming of operations. This temporary shutdown is anticipated to be influenced by slowdown in international chemical sector that has caused a plunge in demand for the products.</li><li>Saudi Aramco to shut its largest refinery for 6 weeks from June 1, 2020Oil producing giant, Saudi Aramco has reported to shut its largest oil refinery for a period of 5-6 weeks from June 1, 2020. The purpose of turnaround is to connect new units and replace the older ones for obtaining cleaner and superior quality fuel. Moreover, the company has announced the addition of a new catalytic reforming unit having 90,000 bpd capacity along with several other units.</li></ul><p><strong>Asia Chemical Price Scenario (Top Products)</strong></p><p>• <strong>Acrylonitrile-butadiene-styrene (ABS):</strong> ABS producers slashed the product cost as the feedstock Styrene Monomer (SM) and Butadiene witnessed downward pressure. ABS prices CIF NS, Mumbai were around USD 1290-1300/MT.</p><p>• <strong>Styrene Monomer (SM):</strong> Styrene Monomer CFR prices dropped to about $500 per MT due to fall in the feedstock benzene.</p><p>• <strong>Polypropylene:</strong> Polypropylene (PP) prices followed a downtrend due to muted demand in the APAC region amid coronavirus related lockdowns. PP prices CFR Asia stood around $ 800/tonne.</p><p>• <strong>PET:</strong> Bearish upstream markets have continued to affect PET prices in Northeast Asia with its prices hitting a record low at $700/tonne FOB.</p><p>• <strong>Paraxylene:</strong> Paraxylene prices in Southeast Asia witnessed a gradual recovery and were marked at $ 490/ tonne CFR China.</p><p></p><p style="text-align:center;"><strong>Get the Chemical and Petrochemical Industry News on Daily Basis, Weekly-Trend & Forecast and Monthly-Analyst Views</strong></p><p style="text-align:center;"><strong><span>Subscribe Today!<br /> News on WhatsApp/WeChat/Mail</span></strong></p><p><strong><span>First 15 days free news</span></strong></p><p><strong>WhatsApp No. +91-9914868686</strong></p><p><strong>For sales related query, dial +91-9958299626 or email at</strong> <a href="mailto:sales@chemanalyst.com"><strong>sales@chemanalyst.com</strong></a></p><p style="text-align:center;"><strong>About ChemAnalyst</strong></p><p><a href="https://www.chemanalyst.com/"><strong>ChemAnalyst</strong></a><strong> </strong>is ‘one stop’ online portal that offers comprehensive market intelligence data and in-depth analysis on the Indian chemical and petrochemical industry. Our aim is to provide competitive advantage to the industry stakeholders by offering ‘cutting edge’ information and analysis that help our customers leverage on the emerging opportunities in their businesses.</p><p><strong>ChemAnalyst’s</strong> team of 100+ analysts are engaged in tracking <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">Chemical Prices</a> daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst’s Interactive subscription platform provides the most comprehensive data and analysis in your industry to help you decode the future.</p><p style="text-align:left;">ChemAnalyst is promoted by TechSci Research (TSR). TSR is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.</p><p style="text-align:left;"><strong>For more information, please visit us at</strong></p><p style="text-align:left;"><strong><a href="http://www.chemanalyst.com">www.chemanalyst.com</a></strong></p></div>Global In-Memory Database Markethttps://globalriskcommunity.com/profiles/blogs/global-in-memory-database-market2018-12-03T13:14:11.000Z2018-12-03T13:14:11.000ZPrity Singhhttps://globalriskcommunity.com/members/PritySingh<div><p>An <a href="https://kbvresearch.com/global-in-memory-database-market" target="_blank">in-memory database</a> (IMDB) is a system that majorly is determined by the computer’s chief memory to save information as well as being not similar to a data-base management process which applies a disk storage space system. More comfortable internal optimization algorithms and minimal CPU details produce important memory databases fairly speedier in comparison to disk-optimized databases. Getting info from the in-memory database dismisses the seek time frame once querying the data, promoting quicker and more common performance. Functions that be required quickly efficiency valuable time similar to telecommunications signal, as well as mobile or portable advertising and marketing networks, frequently resort to the using main-memory databases.</p><p></p><p>An in-memory database (IMDB, also identified as a main memory database or MMDB) is a database whose information and facts are saved in focal memories to help a lot quicker performance times. Source data files are abundant into system memory in a squashed, non-relational form. In-memory databases consolidate the work engaged in processing problems. In additional expression we can easily state that an in-memory database system involves just one information transmission. Lessening of a few different files transfers streamlines processing. Discarding a number of copies of information drops memory consumption, together with the made easier than ever processing makes for more powerful reliability together with reduces CPU needs.</p><p></p><p>In-memory technology is equipped with earned considerable traction year after year, principally in the data analytics space, majorly simply by the multi-core processors capable of attending to huge memory and also due to availability of an inexpensive Random access memory. Dependent on the Data style, the <a href="https://kbvresearch.com/global-in-memory-database-market" target="_blank">Global In-Memory Database market</a> is segmented into Relational, NoSQL as well as NewSQL. Based on the Processing Version, the industry is segmented into Online Transaction Processing as well as Online Analytics Processing.</p></div>The Loss Data Processhttps://globalriskcommunity.com/profiles/blogs/the-loss-data-process2012-05-18T13:03:39.000Z2012-05-18T13:03:39.000ZMartin Davieshttps://globalriskcommunity.com/members/MartinDavies92<div><p><span style="font-family:arial, helvetica, sans-serif;" class="font-size-2">Building a loss reporting database for operational risk. What you need & links to some outstanding risk systems.</span></p><p><span style="font-family:arial, helvetica, sans-serif;" class="font-size-2">In our last blog posting on Monte Carlo and Loss Data we described the importance of the Loss Data exercise. A few people have personally emailed me asking for more information on this aspect of risk management, so I have decided to write a blog post on it.</span></p><p><span style="color:#ff0000;font-family:arial, helvetica, sans-serif;" class="font-size-2"><a href="http://causalcapital.blogspot.com/2012/05/loss-data-process.html" target="_blank"><span style="color:#ff0000;">Click this link to continue reading</span></a></span></p></div>