price - Blog - Global Risk Community2024-03-29T07:31:59Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/priceGlobal Aniline Seeks Support from Downstream MDI, Pricing likely to Level-up Q3 Onwardshttps://globalriskcommunity.com/profiles/blogs/global-aniline-seeks-support-from-downstream-mdi-pricing-likely2020-11-20T13:30:00.000Z2020-11-20T13:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><strong><a href="{{#staticFileLink}}8219693053,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8219693053,original{{/staticFileLink}}" class="align-center" alt="8219693053?profile=original" /></a></strong></p><p><strong>About Product:</strong></p><p>Aniline (C6H5NH2) is yellow to brownish oily liquid possessing a musty fishy odor. Aniline consists of an amino group attached to a phenyl group and is the prototypical aromatic amine. Aniline is used as a precursor while producing a wide variety of products such as polyurethane foam, agrochemicals, synthetic dyes, antioxidants, rubber additives, varnishes and explosives. The key raw materials used for the industrial production of Aniline are Benzene, Hydrogen and concentrated Nitric Acid. The most common route for Aniline production is through nitrobenzene which is produced via nitration of Benzene in a continuous or batch process. This is followed by the catalytic vapor phase hydrogenation of Nitrobenzene. About 75% of the global Aniline produced is utilized for the production of methylene diphenyl diisocycanate (MDI), a chemical compound used as a raw material in a wide variety of sectors such as construction and automotive and for consumer products such as household appliances, clothing and footwear.</p><p><strong>Aniline Pricing Overview : <a href="https://www.chemanalyst.com/Pricing-data/aniline-27">https://www.chemanalyst.com/Pricing-data/aniline-27</a></strong></p><p><strong>Asia</strong></p><p>The Asia Pacific Aniline demand surpassed its Q2 quarter levels as strong demand for MDI served as the key contributing factor for improved margins. The Chinese Aniline plant operating levels have been high, driven by increased buying sentiments right from mid-June onwards, which however, is yet to regain strength up to the pre-pandemic levels. Strong recovery in PU foams sector which is used in the furniture and appliances is predicted with many Southeast Asian producers ramping up production feeling the festive push. Indian Aniline demand from the pharmaceutical industry remained high throughout the quarter with several market players receiving shipment orders from the US.</p><p><strong>Europe</strong></p><p>The Aniline market remained pressured in the third quarter as the second wave of COVID-19 wreaked havoc in the Europe Union. The demand for Aniline from the downstream automotive and construction sectors remained muted as the economy continued to grapple with the economic downturn. The pricing curve maintained grounds as there were several reports of downstream MDI plant turnarounds in the region, further pressing the demand side. Production outages at several automotive factories further crimped the Aniline consumption. The quarter ended with the news of Borsod Chem starting production at its new 200 KTPA aniline plant in Hungary during Q3 FY21.</p><p><strong>North America</strong></p><p>Regional Aniline demand witnessed a sharp rebound with strong uptick in PU demand from the automotive and construction sector which remained in doldrums during the second quarter as the nation continued strictest coronavirus-related restrictions on economic activity. The end-use markets reported supply tightness due to logistic disruptions and plant closures in several US provinces caused by the Hurricane Laura. Aniline consumption by the manufacturers of methylene diphenyl diisocycanate (MDI) showed sharp recovery with better sales figures reported from sectors such as consumer durables and home appliances.</p><p><strong>Chemical Pricing : <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?regionFID=1&countryFID=1&categoryFID=15&product=1&ChartType=line&Range=Yearly&Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?regionFID=1&countryFID=1&categoryFID=15&product=1&ChartType=line&Range=Yearly&Customer=False</a></strong></p><p></p><p></p><p>Source : ChemAnalyst</p></div>BASF Petronas Chemicals to Permanently Shut Butanediol and Derivatives Plant in Kuantan, Directing a Shift to its Business Portfoliohttps://globalriskcommunity.com/profiles/blogs/basf-petronas-chemicals-to-permanently-shut-butanediol-and2020-11-19T11:30:00.000Z2020-11-19T11:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8219693688,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8219693688,original{{/staticFileLink}}" class="align-center" alt="8219693688?profile=original" /></a></p><p>Aiming to restructure its business portfolio for sustained growth, BASF Petronas Chemicals Sdn Bhd (BPC) has announced a permanent turnaround at it Butanediol (BDO) and derivatives plant at Kuantan, Malaysia by March 2021.</p><p><strong>Get more info : <a href="https://www.chemanalyst.com/NewsAndDeals/NewsDetails/basf-petronas-chemicals-to-permanently-shut-butanediol-and-derivatives-plant-in-kuantan-directing-a-shift-to-its-business-portfolio-3408" target="_blank">https://www.chemanalyst.com/NewsAndDeals/NewsDetails/basf-petronas-chemicals-to-permanently-shut-butanediol-and-derivatives-plant-in-kuantan-directing-a-shift-to-its-business-portfolio-3408</a></strong></p><p>BDO and its derivatives are widely utilized to produce polyurethanes, engineering plastics, elastic spandex fibres, and solvents. Consistent capacity additions in the region due to latest investments in advanced coal based BDO manufacturing sites compelled the company to undertake a strategic shift that intends at expanding its future profit margins. For a smooth transition, the company is currently reaching out in support from all its existing customers, meanwhile it is also assuring consistent survive of its other products, promising stability. BASF Petronas Chemicals (BPC) based in Malaysia is a joint venture between BASF and Petronas Chemicals Group Berhad (PCG). Supporting the closure, Managing Director CEO of PCG called it a well-versed move will allow the company for a favourable shift to new segments showcasing potential growth. In addition, the closure is in line with PCG’s mega expansion plans including the setup of specialty chemicals segments and innovating the existing ones using advanced technologies.</p><p>ChemAnalyst predicts that the closure of BPC’s Butanediol plant may not hinder the regional supply but can adhere severe effects to the importing countries based in Asia and Europe. However, with consistent addition and expansion of existing capacities, these effects might nullify in the long run.</p><p></p><p><strong>Source : ChemAnalyst</strong></p></div>Gasoline and Gasoil Sales Show Swift Recovery in October, Surpasses Pre-COVID Levelshttps://globalriskcommunity.com/profiles/blogs/gasoline-and-gasoil-sales-show-swift-recovery-in-october2020-11-03T14:00:00.000Z2020-11-03T14:00:00.000ZTechsci Researchhttps://globalriskcommunity.com/members/TechsciResearch<div><p><a href="{{#staticFileLink}}8219691453,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8219691453,original{{/staticFileLink}}" class="align-center" alt="8219691453?profile=original" /></a></p><p>Indian fuel retailers celebrate the festive season as Gasoil consumption rose by 6.6% from the last year’s figure during the October month. This has been the first such rebound since the nation entered COVID-19-related lockdown restrictions in March this year. Indian Oil Corporation (IOC), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. Ltd. (BPCL) own about 90% of the domestic retail fuel outlets.</p><p><strong>Get more info : <a href="https://www.chemanalyst.com/NewsAndDeals/NewsDetails/gasoline-and-gasoil-sales-show-swift-recovery-in-october-surpasses-pre-covid-levels-3395">https://www.chemanalyst.com/NewsAndDeals/NewsDetails/gasoline-and-gasoil-sales-show-swift-recovery-in-october-surpasses-pre-covid-levels-3395</a></strong></p><p>According to a compiled data by the country’s largest refiner and fuel retailer IOC, total diesel sales by the country’s three state fuel retailers touched 6.17 million tonnes in October. Sales of Gasoil, which holds nearly two-fifth of India’s fuel demand rose 27.5% since September, indicating a strong pickup in the industrial activity after prolonged dullness. As per the data, this increase in Gasoline sales is happening for a second month in a row. Domestic Gasoline sales rose 4% from the previous fiscal to about 2.4 million tonnes, nearly 8.6% higher in October than in September. Cooking gas sales were up by 3.8% than a year ago while jet fuel consumption nearly halved during the month. In lieu of the upswing in demand and rising market optimism, IOC is running its refineries at full capacities since last few months and other fuel retailers are ramping up refinery operations.</p><p><strong>Source : ChemAnalyst</strong></p></div>Grasim Collaborates With the Specialty Chemicals Giant Lubrizol to Construct India’s Largest CPVC Resin Planthttps://globalriskcommunity.com/profiles/blogs/grasim-collaborates-with-the-specialty-chemicals-giant-lubrizol2020-11-02T13:30:00.000Z2020-11-02T13:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8219693874,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8219693874,original{{/staticFileLink}}" class="align-center" alt="8219693874?profile=original" /></a></p><p>Grasim Industries Ltd., Aditya Birla’s flagship company has inked pact with Ohio-based Lubrizol Advanced Materials, a subsidiary of Warren Buffett’s Berkshire Hathway, to manufacture and supply chlorinated polyvinyl chloride (CPVC) resin that is widely used in hot and cold water delivery pipes in India. This polymer will be manufactured at Grasim’s Chlor-alkali unit located at Vilayat, Gujarat.</p><p><strong>Get more info : <a href="https://www.chemanalyst.com/NewsAndDeals/DealsDetails/grasim-collaborates-with-the-specialty-chemicals-giant-lubrizol-to-construct-75" target="_blank">https://www.chemanalyst.com/NewsAndDeals/DealsDetails/grasim-collaborates-with-the-specialty-chemicals-giant-lubrizol-to-construct-75</a></strong></p><p>As per the company officials, the construction of the near 100 KTPA plant will commence in a phased manner, and once commissioned, it would be the single largest site capacity for manufacturing CPVC resin globally with the production expected to start in late 2022. Lubrizol will invest in the capital and technology during the plant set up while Grasim will provide manufacturing expertise during project. Grasim will provide land, raw materials and other utilities and will receive required capital in lieu of managing the plant operations.</p><p>The CPVC Resin produced will be sold under the brand names FlowGuard Plus, Corzan and BlazeMaster. The historic collaboration will also enable Aditya Birla Group and Lubrizol Corporation to explore their penetration across sectors like water solutions, construction, automotive and plumbing by leveraging the technologies and concerned expertise of both the groups.</p><p><strong>Source : ChemAnalyst</strong></p></div>Tata Chemicals Stock Price Rise for Three Consecutive Days, Margins from the Soda Ash Vertical Stepping Up in the Domestic Markethttps://globalriskcommunity.com/profiles/blogs/tata-chemicals-stock-price-rise-for-three-consecutive-days2020-08-21T17:00:00.000Z2020-08-21T17:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028333280,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028333280,original{{/staticFileLink}}" class="align-full" alt="8028333280?profile=original" /></a></p><p>Tata Chemicals, an Indian global company dealing with chemicals, crop protection and specialty chemical products, recently revealed its financials for the quarter ending June 2020. As per the results, the company’s standalone net profit slid by 47% to Rs. 109 crore in Q1 June 2020 compared with Rs 206 crore in Q1 June 2019. Revenue from the chemical products segment fell to INR 612.09 crore as against INR 703.39 crore in the last quarter.</p><p> </p><p><strong>Get more info : <a href="https://www.chemanalyst.com/NewsAndDeals/NewsDetails/tata-chemicals-stock-price-rise-for-three-consecutive-days-margins-from-the-soda-ash-vertical-stepping-up-in-the-domestic-market-1330">https://www.chemanalyst.com/NewsAndDeals/NewsDetails/tata-chemicals-stock-price-rise-for-three-consecutive-days-margins-from-the-soda-ash-vertical-stepping-up-in-the-domestic-market-1330</a></strong></p><p></p><p>However, the company’s shares rose for the third consecutive day by about 10% on Thursday i.e. on August 20, 2020. The company’s stock rose nearly 62% from its 52-week low figure of Rs 197.40 recorded on 23 March 2020. The abrupt rise in the stock value has been attributed to its improving performance from its Soda Ash division. Despite unprecedented slowdown in several downstream sectors, the company continued the production and supply of the essential commodities, eagerly adopting the new normal with the aim to keeping itself well positioned in the market and preserve its gross margins. During Q1FY21, the company continued to produce salt without disruption while the production of Soda Ash and Sodium Bicarbonate showed improvement post the initial phases of lockdown due to restart in downstream operations. Tata Chemicals is one of the largest producers of Soda Ash, holding capacity of 4.3 million tonnes per annum. The product is widely used for manufacturing detergents, glass, cleaning products and in several metallurgical applications (such as recycling of aluminium and zinc) etc.</p><p>Soda Ash prices in the domestic market are hovering in the range of INR 24-24.5 per kg and are expected to head towards a brief period of recovery in the month of September.</p><p>Other manufacturers of Soda Ash in the domestic market include Gujarat Heavy Chemicals Ltd (GHCL), Nirma Ltd., DCW Limited (India), etc.</p><p><strong>Source : ChemAnalyst</strong></p></div>Surge in Urea Shipments to India Drives the Global Demand, Turns Market Outlook Positivehttps://globalriskcommunity.com/profiles/blogs/surge-in-urea-shipments-to-india-drives-the-global-demand-turns2020-08-11T16:30:00.000Z2020-08-11T16:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028331487,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028331487,original{{/staticFileLink}}" class="align-full" alt="8028331487?profile=original" /></a></p><p>India’s Urea consumption has strongly moved the global market in the final quarter with shipments up by approximately 50 percent from April through July 2020. Analysts believe that favorable demand and desirable weather conditions have given a strong push to its Urea consumption in the final quarter.</p><p><strong>Get more info : <a href="https://www.chemanalyst.com/NewsAndDeals/NewsDetails/surge-in-urea-shipments-to-india-drives-the-global-demand-turns-market-outlook-positive-1309">https://www.chemanalyst.com/NewsAndDeals/NewsDetails/surge-in-urea-shipments-to-india-drives-the-global-demand-turns-market-outlook-positive-1309</a></strong></p><p>India state procurement agencies have reported that India has bought about 2.8 million tonnes of Urea via five tenders since April from a leading North American fertilizer manufacturer. The sixth one is expected to close on 10 August. India’s Rashtriya Chemicals & Fertilizers is expected to close a several thousand tonnes import tender also on 10 August for shipment by mid-September. RCF was looking forward to purchase about 1 million tonnes, but there is still a doubt whether the whole quantity can be shipped amid the global supply tightness.</p><p>Looking at stronger than usual Indian demand and limited stock availability, it is being anticipated that the global Urea market will continue to move upwards in the coming months. Urea prices were also seen jumping almost by USD 20 per tonne within this quarter tracing the global trends.</p><p><strong>Source : ChemAnalyst</strong></p></div>India’s IPA and m-Xylene Maintain Price Hikes Buoyed by Prevailing Market Uncertaintieshttps://globalriskcommunity.com/profiles/blogs/india-s-ipa-and-m-xylene-maintain-price-hikes-buoyed-by2020-08-07T16:30:00.000Z2020-08-07T16:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span>With Indian petrochemical importers seeking alternative sources for their cargoes imported from China, prices of certain petrochemicals have recorded new heights in the past few months. Increased interest of the Indian pharmaceuticals and automotive manufacturers towards boycotting heavily imported Chinese raw materials has given a strong push to the profit margins of domestic players as many of them have recorded healthy gains in the prices of certain petrochemicals based on improved buying indications. </span></p><p><strong>Get more info : <a href="https://www.chemanalyst.com/NewsAndDeals/NewsDetails/indias-ipa-and-m-xylene-maintain-price-hikes-buoyed-by-prevailing-market-uncertaintiesties-1304">https://www.chemanalyst.com/NewsAndDeals/NewsDetails/indias-ipa-and-m-xylene-maintain-price-hikes-buoyed-by-prevailing-market-uncertaintiesties-1304</a></strong></p><p><span>Isopropyl alcohol (IPA) prices remained on the upper edge, although somewhat flatter since last two weeks, hovering around $1266/mt in the week ending 7<sup>th</sup> August. Consistent rise in demand for multiple disinfectant products containing IPA as a result of the coronavirus pandemic remains the key driving factor of the unprecedented price surge in both the Indian and international markets. In its recently revealed financial results for the first quarter ending June, India’s Deepak Fertilisers and Petrochemicals (DFPCL)- the largest and sole manufacturer of IPA in the country, posted a double-digit increase in its net profit to USD 1.2 billion as its IPA sales volume jumped by about 49 per cent year-on-year.</span></p><p><span>While things seem in favor of the domestic IPA market both in terms for demand and supply, domestic m-Xylene is still struggling to get back to norm. With traders highly anxious about market tightness in the beginning of August, m-Xylene prices were assessed around USD 106 per tonne further supported by higher upstream crude and gasoline values.</span></p><p>Prolonged lockdown and trade restrictions have deterred a huge impact on the country’s chemicals supply chains. Traders are finding other trade routes as prevailing reluctance of Indian buyers towards Chinese cargoes may leave a long-term impact on their procurement strategies.</p><p><strong>Source : ChemAnalyst</strong></p></div>Liquid Chlorine Demand in India to Grow at a CAGR of 6.2% by 2030https://globalriskcommunity.com/profiles/blogs/liquid-chlorine-demand-in-india-to-grow-at-a-cagr-of-6-2-by-20302020-06-26T14:30:00.000Z2020-06-26T14:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>According to ChemAnalyst report, “<strong>India Liquid Chlorine Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India’s Liquid Chlorine market is anticipated to grow at a healthy CAGR of 6.2% during the forecast period on account of rising demand for Polyvinyl Chloride (PVC) pipes, electrical wires and tubing from the construction sector due to rapid urbanization supported by factors like the Indian government’s Smart City Mission. Moreover, rising Liquid Chlorine and Chlorine derivatives demand from the pharmaceutical and agrochemical industries is likely to give a boost to the Liquid Chlorine industry over the coming years.</p><p><strong>Browse Complete Report :</strong> <strong><a href="https://www.chemanalyst.com/industry-report/india-liquid-chlorine-market-91">Liquid Chlorine Suppliers in India</a></strong></p><p>Caustic soda and Chlorine are produced as the co-products in the electrolysis of sodium chloride solution. More than half of the Liquid Chlorine produced in the country is used for the production of PVC resins which are used for manufacturing pipes & fittings for use in Agriculture & Construction sectors in India. The continued focus of the Indian government on the development of infrastructure such as the development of Smart Cities, rural housing, Agricultural-assets and other initiatives like investments in rural sanitation are expected to fuel growth of the PVC industry in India over the next several years. PVC is also used in automobile, packaging, electrical/electronic and healthcare applications. These factors will dominantly drive the Liquid Chlorine market in the forecast period. Other key drivers for growth of the Liquid Chlorine demand are the use in Chlorinated Paraffin Wax (CPW) which impart flame retardant properties to the PVC products and for manufacturing of pesticides and insecticides such as BHC and DDT. Demand for Liquid Chlorine derivatives like Chloromethanes which are widely used in pharmaceuticals, and refrigerant gases will further propel the Liquid Chlorine market in the forecast period. </p><p>However, sudden outbreak of COVID-19 which led to extended national lockdown in India, severely affected the Chlor-Alkali industry which remained hard hit as construction activities remained stalled for most of Q4 FY20. Battered by the demand downturn, several Chlor-Alkali producers like GACL, Grasim and Meghmani had to shut their manufacturing units while others announced operational cuts up to 40% to deal with lengthening inventories. Chlorine prices are strongly driven by the domestic demand-supply factors, hence local players reported contracted margins throughout the fourth quarter. However, strengthening consumption of Liquid Chlorine for water treatment purposes due to government’s active measures to maintain safe hygiene practices during the pandemic, supported the stable price trend. Moreover, with ease in lockdown restrictions and resumption of downstream activities, demand for Liquid Chlorine and its derivatives is expected to rise to appreciable levels.</p><p>According to ChemAnalyst report, <strong>“India Liquid Chlorine Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”</strong>, major players operating in India’s Liquid Chlorine market are Gujarat Alkali and Chemicals Limited, Grasim Industries Limited, DCM Shriram Consolidated Limited, Meghmani Organics Limited, Tata Chemicals Limited, Nirma Limited, Chemplast Sanmar Limited, Sree Rayalaseema Alkalies And Chemicals Limited, Chemfab Alkalis Limited and Lords Chloro Alkali Limited. In FY19, DCM Shriram Ltd. commissioned a 60 TPD Aluminium Chloride plant at Bharuch with an investment of about INR 31 crore in order to expand the portfolio of its Chlorine downstream products. Similarly, several Indian companies are planning to improve capacity utilizations in the coming years with gradual improvement in the domestic Liquid Chlorine market with addition of downstream industries.</p><p>“Since Liquid Chlorine is a bulk commodity, its demand has been strongly driven by the domestic demand-supply scenario. A big drop in India’s GDP due to economic slowdown caused due to the COVID-19 crisis is indicative of lesser downstream demand in the next few quarters. However, as the Indian construction industry is expected to reach $738.5 bn by 2022, the Liquid Chlorine demand forecast for manufacturing PVC resin seems highly optimistic. However, challenges associated to the storage and transportation of Liquid Chlorine make the domestic Chlor-Alkali producers run their plants based on the local Chlorine demand. Hence, if Chlorine demand rises, they would simultaneously have to rise the volumes of Caustic Soda which is its co-product. The vinyl industry is the single largest consumer of Chlorine produced in India and hence increasing downstream investments can offer valuable options and be the key drivers for the Liquid Chlorine market in the forecast period. Moreover, since most of the Chlorine production is “localized”, encouraging local entrepreneurs to explore possibilities like investment in Chlorine Derivate products like Chlorinated Paraffin Wax (CPW) will further expand the domestic Liquid Chlorine industry. Since acute volatility in its prices is one of the key concerns of domestic Liquid Chlorine producers, it is important to understand the market dynamics and the associated threats that may hamper the profitability of the Chlor-Alkali companies.” 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 Pyridine Demand to Witness a Healthy CAGR of 4.95% by 2030https://globalriskcommunity.com/profiles/blogs/global-pyridine-demand-to-witness-a-healthy-cagr-of-4-95-by-20302020-06-25T15:30:00.000Z2020-06-25T15:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>According to ChemAnalyst report,” <strong>Global Pyridine Market - Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End-Use, Type, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”</strong> The Global Pyridine Market is projected to grow at a CAGR of 4.95% on extensive demand for vitamin B3 additive in pharmaceutical drugs along with food and beverages for adding the nutritious value. Pyridine is a flammable and toxic compound, highly soluble in water and other organic solvents. Continuous surge in utilization of Pyridine for manufacturing agrochemicals such as herbicides and pesticides for improvising the crop growth is anticipated to bolster the demand for Pyridine in the forecast period. In addition, demand for Pyridine as a denaturing agent in antifreeze mixture is anticipated to contribute well to propel its growth in the coming years.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/pyridine-market-89">Pyridine Prices, Demand & Supply</a></strong></p><p>Pyridine is actively utilized as a starting ingredient in synthesis of around 20% of the top 200 drugs manufactured in pharmaceutical industry. Initially, it was difficult to synthesize large volumes of Pyridine and get prominent yield by conventional synthesis process. This caused significant decline in profit margins of the pharmaceutical companies as large part of the manufacturing cost was spent in the synthesis of active ingredient. To overcome this hurdle, Virginia Commonwealth University (VCU) Researchers innovated the efficient and novel mechanism for manufacturing of various Pyridine compounds. In this new technology, they have stepped down the five-step batch process of synthesis, to a single continuous step process by incorporating flow reactors. This innovation showcased the cost reduction of synthesis of active ingredient by over 75% and increase in the yield by 34%, thus resulting in an enhanced profit bearing for the Pharmaceutical Industries.</p><p>Sudden outbreak of Coronavirus in final quarter of FY 20 has caused high panic among people, resulting in enhanced procurement of pharmaceutical supplies for prevention as well as for treatment of various symptoms. It has thus caused an appreciable increase in the demand for Pyridine which is utilized as a starting ingredient in the manufacturing process of a wide variety of drugs. This demand for Pyridine is likely to surge in the coming years over uncertainties regarding the complete abatement of virus till the attainment of a proper vaccine. Moreover, increase in crop rotation practices in the global agriculture industry to provide the economies enough food supply in times of pandemic has further propelled the demand for Pyridine. However, the prices of Pyridine dropped marginally from previous year on low seasonal demand for the product in the first quarter followed by production cut in several end-user industries as several economies imposed lockdown to contain Coronavirus spread. The prices of the product are anticipated to recover by the first quarter of FY 21 at the back of outgrown demand for the product from Pharmaceutical and Agriculture industry after Coronavirus pandemic.</p><p>According to ChemAnalyst report,” <strong>Global Pyridine Market - Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End Use, Type, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”.</strong> Asia-Pacific region accounts for majority of the global consumption of Pyridine owing to the rapidly expanding Pharmaceutical industry encompassing massive productive capacity. Hence, China followed by India incorporates more than 50% of the worldwide total capacity to produce Pyridine. In the coming years, Europe is likely to witness prominent surge in demand at the back of the rising interest of companies to tap the growing pharmaceuticals and agrochemical market of the region. Major companies operating in the manufacturing of Pyridine in global market include Vertellus Specialties Incorporation, Jubilant Life Sciences, Red Sun Group, Lonza Group Limited, Weifang Sunwin Chemical Company Limited, Shangdong Luba Chemical Corporation Limited, Resonance Specialties Limited, Koei Chemical Company Limited, Hubei Sanonda, Prochem Incorporation, Chang Chun Petrochemicals Corporation Limited, Bayer AG and Mitsubishi Chemicals etc. In past few years there have been no additions in Pyridine capacity in the global market due to stable market dynamics of the product.</p><p>“Coronavirus crises in Q4 of FY 20 has hard hit the chemical and petrochemical industry, taking down the demand for various product to record low. In these tough times, Pharmaceutical and Specialty chemicals have been the only leveraged sectors to uphold the stocks of chemical market. The demand for pharmaceuticals and specialty chemical products have witnessed incredible surge on bulk procurement for drugs and hygiene products to grapple Coronavirus. As Pyridine is widely consumed in Pharmaceutical industry to produce Vitamin B3 for its nutritious value, high inclination of people towards nutritious food to attain sufficient immunity has shown a huge uptrend in the demand for the product in pharmaceutical as well as food and beverage industry. In addition as Pyridine is also synthesized as an active initiator in the production of various pharma drugs, the demand for Pyridine is likely to boost in the coming years as large number of companies are emerging in global Pharmaceutical market to widen their profit margins in times of bulk demand. Moreover, increasing demand for agrochemicals from agricultural sector on account of rising crop rotation practices around the globe will continue to drive the consumption of Pyridine 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>Source : ChemAnalyst</strong></p></div>India’s Naphtha Demand to Grow at a CAGR of 6.25% by 2030https://globalriskcommunity.com/profiles/blogs/india-s-naphtha-demand-to-grow-at-a-cagr-of-6-25-by-20302020-06-24T15:00:00.000Z2020-06-24T15:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028317891,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028317891,original{{/staticFileLink}}" class="align-center" alt="8028317891?profile=original" /></a></p><p>According to ChemAnalyst report, “<strong>India Naphtha Market: Plant Capacity, Production, Operating Efficiency, Technology/Process, Demand & Supply, Type, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India’s Naphtha demand stood at 20 million tonnes in FY19 and is projected to grow at a CAGR of 6.25% in the forecast period. Increasing demand for Naphtha as a feedstock for obtaining several petrochemicals, such as olefins and aromatics which are further processed to serve several downstream sectors such as plastics, textile, rubber etc., backed by increasing demand for motor fuel and Aviation Turbine Fuel (ATF) would drive the Naphtha demand in the forecast period.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/india-naphtha-market-88">India Naphtha Pricing, Demand & Supply</a></strong></p><p>Naphtha is a highly flammable, light derivative of crude oil obtained through processes like fractional distillation, coal-tar boiling and others. It is straw colored to colorless liquid having a characteristic odor, like gasoline. Based on type, Naphtha market has been segmented into Light Paraffinic Naphtha and Heavy Naphtha. Light Naphtha is rich in olefins and is the most preferred feed for steam crackers for producing a plethora of olefins/polyolefins such as Ethylene, Propylene, Butadiene etc. However, it faces strong competition from feedstocks like Ethane, Propane and Butane (EPB). Heavy naphtha contains high aromatic and Naphthenic content and is mainly used for gasoline reforming and produce several aromatic products such as Benzene, Toluene, Xylene etc.</p><p>Around 65% of the Naphtha produced in India is being used in gasoline blending followed by the petrochemical industry which seems to grow at the greatest pace in the next decade. India’s Naphtha demand as fuel is set to soar in the years to come with rising transportation sector further supported by increasing jet fuel demand due to continuously expanding middle class population. Moreover, increasing use of aromatics in the production of edible oils, elastomers, and personal care products is expected to fuel the Naphtha market growth during the forecast period. In addition, rising demand for olefins and polyolefins for producing plastics used in construction, electrical and electronics and packaging industry will further propel market growth in the coming years.</p><p>The “Hydrocarbons Vision – 2025” proposed by the Indian government, aimed at increasing indigenous production and expansion of Indian hydrocarbon sector in the country will give a strong boost to the Naphtha market over the coming years. The vision which has been aimed at increasing the domestic availability of petroleum products and create major employment opportunities by 2025 will further propel the Naphtha market growth in the forecast period.</p><p>However, the recent outbreak of novel Coronavirus led to an unprecedented fall in the India Naphtha demand. Hit by supply glut and reduced buying sentiments, Indian refineries remained indefinitely shut or curtailed their operating rates throughout the fourth quarter of FY20, as demand dived to several years low due to halt in industrial operations and transport restrictions amid nationwide lockdown. India’s fuel demand fell by 46 per cent in April 2020 on y-o-y basis. Not only this, halted trade and logistics exacerbated a gradual fall in the Naphtha exports across Mumbai and Kochi ports, contracting the margins of major exporters. Naphtha prices strongly oscillate with the feedstock crude. Hammered by a freefall in crude oil values, Naphtha prices plunged to record breaking lows in Q4 FY20 oscillating between $580-$600 per MT. However, several refiners like RIL which had been running its two refineries in Jamnagar petrochemical complex almost uninterrupted, remained normally operational despite the lockdown. Players are anticipating a substantial rise in fuel demand with ease in lockdown restrictions, as vehicular traffic returned to roads and flights resumed to carry passengers. Moreover, restart of several industrial operations which consume Naphtha as feedstock will support the growth of the market in the coming months.</p><p>According to ChemAnalyst report, <strong>“India Naphtha Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Type, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”</strong>, India’s Naphtha production outpaces the domestic demand, hence India is also among the key Asian Naphtha exporters with annual exports reaching about 7-9 MMTPA. Key players operating in India Naphtha market are Reliance Industries Limited (RIL), Indian oil Corporation Limited (IOCL), Essar Vadinar, Bharat Petroleum Corporation Limited (BPCL), Gail (India) Limited, Oil and Natural Gas Corporation Limited (ONGC), Hindustan Petroleum Corporation Limited (HPCL), Nayara Energy, Mangalore Refinery Petrochemicals Ltd (MRPL). RIL dominates the India Naphtha market with around 40% share. Continuous expansion of India’s chemical and petrochemical sector with several refiners working towards maximizing conversion of oil-to-chemicals using various naphtha cracking technologies is likely to drive the Naphtha market in the forecast period. One such example is the mega expansion project devised by the Assam-based Numaligarh Refinery Limited (NRL) for which the company has awarded an order worth INR 300 Cr to the Thyssenkrupp’s plant engineering business. Thyssenkrupp will provide support in engineering, procurement, and construction management (EPCM) services for several units of its refineries located in the Northeastern India. The project is expected to complete by 2024 and would facilitate NRL to expand its refining capacity from 3 MMTPA to 9 MMTPA respectively.</p><p>“India’s continuously expanding petrochemical sector is likely to open a window of opportunity to all the refiners in the country. Although the country is already dealing with Naphtha supply overhang, greater downstream Ethylene capacities tentative to arrive will ensure greater push to the industry. However, experts believe that although gasoline consumption is expected to wane with time due to increasing focus on electric vehicles and energy efficient economy, crude-to-chemicals complexes could dominate the petrochemical industry in the coming future. Emerging refiners have a keen focus on integrating petrochemical production with more and more hydrocrackers at targeting Naphtha at a large scale. Prices for light and heavy Naphtha, both being crude derivatives are intertwined. However, acute volatility in crude is likely to temper the Naphtha prices going forward. Hence, it is extremely crucial to keep a track on the changes in the industry dynamics both globally and domestically, besides determining what impacts these will have on the country’s petrochemical sector. Naphtha is the most important petrochemical feedstock across the chemicals value chain and is being importantly used for gasoline blending, so its prices are strongly influenced by the supply and demand balance.” 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’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 Wastewater Treatment Chemicals Market to Achieve an Impressive Growth by 2030https://globalriskcommunity.com/profiles/blogs/india-wastewater-treatment-chemicals-market-to-achieve-an2020-06-19T15:30:00.000Z2020-06-19T15:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028320457,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028320457,original{{/staticFileLink}}" class="align-left" alt="8028320457?profile=original" /></a></p><p>According to ChemAnalyst report, “India Wastewater Treatment Chemicals Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, India Wastewater Treatment Chemicals market grew at a CAGR of around 7.21% during 2015-2019 and is anticipated to grow at a healthy CAGR during the forecast period. Decreasing per-capita freshwater availability due to rising water pollution and population levels, as India walks towards rapid industrialization and urbanization will drive the demand for Wastewater Treatment Chemicals in the forecast period. Moreover, stringent government norms regarding the discharge of industrial wastewater before discharging it into the water bodies would promote increased adoption of Wastewater Treatment Chemicals in the forecast period.</p><p><strong>Browse Complete Report : <a href="https://www.chemanalyst.com/industry-report/india-wastewater-treatment-chemicals-market-86">Wastewater Treatment Chemicals Market in India</a></strong></p><p>Water and Wastewater Treatment Chemicals encompass a wide range of chemicals such as corrosion & scale inhibitors, anti-scalants, coagulants & flocculants, biocides, disinfectants, pH adjusters and others. Corrosion & scale inhibitors and anti-scalants dominate the market of Wastewater Treatment Chemicals with almost 50% share in the overall demand. They find usage in several water intensive industries such as sugar, pharma, fertilizer, paper & pulp, and oil & gas industry which generate huge volumes of wastewater. The treated wastewater can be reused for agricultural, industrial, and other non-potable purposes such as irrigation which is by far the largest consumer (about 78 per cent) of India’s water reserve. Union government’s big steps towards reforming India’s water management practices such as establishment of the Jal Shakti ministry backed by tenacious efforts of the state government towards promoting adoption of sustainable water treatment practices, has given a strong boost to Wastewater Treatment Chemicals industry.</p><p>The ‘Zero Liquid Discharge’ Policy proposed by the MoEF and Central Pollution Control Board (CPCB), urging industries to achieve the ZLD status would propel the wastewater treatment market growth prospects in the forecast period. ZLD is a concept where the entire industrial and municipal wastewater can be reused after recycling without discharging it into any river.</p><p>Municipal sector holds about 30% share in Wastewater Treatment Chemicals market followed by power plants which are the second biggest consumers of Wastewater Treatment Chemicals. India’s thermal power sector consumes almost double the water than what is consumed by China for the same unit of power generation. Regionally, western region holds the largest market share in the India Wastewater Treatment Chemicals market, owing to huge industrial expansion and scheduled developments in the next five years.</p><p>Outbreak of novel coronavirus has clearly highlighted the dire need for sustainable water and wastewater management practices in a country like India where out of 18.6 per cent of total treatment capacity, only 13.5 per cent of sewage is being effectively treated as of 2017, depriving over 163 million people of regular safe drinking water. Indian government’s Swachh Bharat Mission (SBM) backed by people’s strong drift towards better hygiene practices to control the spread of contagious virus, the Wastewater Treatment Chemicals demand is expected to grow tremendously in the current fiscal and record double-digit growth by 2030. The World Health Organization (WHO) has stressed upon maintaining hand hygiene by washing hands with soap and water or using alcohol-based hand sanitizers multiple times to prevent the transmission of the virus. Increased consciousness among people for maintaining hygiene has further heightened India’s water consumption by 1.5 times. These factors have further augmented the remarkable growth in demand of Wastewater Treatment Chemicals in the long run.</p><p>According to ChemAnalyst report, “India Wastewater Treatment Chemicals Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, some of the major players operating in the Indian Wastewater Treatment Chemicals market are NALCO Water India Limited, SUEZ India Private Limited, Ion Exchange India Limited, Thermax India Limited, Chembond Chemicals Limited , Vasu Chemicals, Solenis India Ltd., BASF India Ltd., Dew Speciality Chemicals Pvt Ltd, Vishnu chemicals limited Strategic Analysis India Pvt. Ltd. etc. There has been increasing government investments for treating industrial wastewater. The union environment ministry has recently granted environmental clearance for setting up of 20 MLD Common Effluent Treatment Plant (CETP) that would treat lakhs of litres of tannery effluents discharged from 380 individual tannery units in a river in Kanpur. The estimated cost of the three-phased project would be INR 629 crore and the project would include pre-treatment unit in tanneries, a 20 CETP with physical, biological and tertiary treatment and installation of Zero Liquid Discharge (ZLD)- based pilot plant of 200 KLD capacity.</p><p>“Public health protection has become an issue of serious concern these days. There has been a global shift from a linear to a more circular economy. The current “take-make/use-dispose” economic model is transforming towards a more circular one to relieve undue pressure on our resources—water, energy, materials, and food. With government’s keen focus on Zero Liquid Discharge (ZLD) policy and stricter Central Pollution Control Board (CPCB) norms, the Wastewater Treatment Chemicals market would register record-breaking growth rate over the coming years. The Jal Shakti ministry has set a target of providing 55 litres per person per day piped water to every home at the rate of by 2024, this further heightens the need to adopt sustainable wastewater treatment practices. Moreover, various river cleaning programmes by the Indian government such as Namami Ganga Projects support the market growth. COVID-19 has reinstated the nation’s urge to access safe water and sanitation facilities for all, hence advanced formulations in present-day wastewater treatment technologies have become the need of the hour. These factors not only highlight the factors catalyzing the Wastewater Treatment Chemicals market growth but also the upcoming market potential, as efficient waste management appears to be a mandate in the near future.“, 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 LPG Demand to Record Impressive Growth at a CAGR of 7% by 2030https://globalriskcommunity.com/profiles/blogs/global-lpg-demand-to-record-impressive-growth-at-a-cagr-of-7-by2020-06-18T15:00:00.000Z2020-06-18T15:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>According to ChemAnalyst report,” “Global Liquified Petroleum Gas (LPG) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. The global LPG market is anticipated to witness a CAGR of 7% in the forecast period on account of its increasing utilization in commercial application owing to its properties like low carbon emission and low cost. LPG is a compressed gas comprising butane and propane, mainly produced by refining of crude oil. The demand for LPG is likely to increase in the coming years on its increasing preference over PNG, as it is offers better storage and safety value .In addition, increasing utilization of LPG as a feedstock for propylene and butylene production to further contribute in pushing up the demand for LPG in the next five years.</p><p><strong>Browse Complete Report : <a href="https://www.chemanalyst.com/industry-report/liquified-petroleum-gas-lpg-market-85">Liquified Petroleum Gas (LPG) Pricing</a></strong></p><p>LPG is produced as a co-product in the process of crude oil refining. The mixture at first is gaseous, while it is compressed into a liquid phase for easy storage and transportation. Lummus Technology is considered as the most sought-after technology for manufacturing LPG as it provides efficient ethane extraction and LPG recovery. Considering the continuous depletion of renewable resources, Indian Oil Corporation (IOCL), a renowned oil and gas company in India is looking forward to manufacture LPG from a non-renewable source like biomass. As several researches have shown effective results in the manufacturing of LPG from non-renewable resources like glycerol, vegetable oil and biomass, the company is planning to incorporate this route of production influenced by the idea of World LPG Association that aims to produce 50% of world LPG from biomass by 2040. This innovation is anticipated to be cost-effective in the long run as the feedstock are more affordable and environment-friendly resources.</p><p>Sudden outbreak of Coronavirus in Q4 of FY 19 has plummeted the demand for LPG in the Global LPG market, as an outcome of the lockdown imposed in various countries to prevent the spread of virus. The lockdown has brought down the demand from industries utilizing LPG for different operations as they imposed a temporary turnaround in compliance to the government norms. In addition, unprecedented dive in the value of crude primarily due to the demand destruction caused by worldwide halt in trade and travel activities, further lowered the consumption of LPG in fourth quarter of FY 19. This downfall in demand for LPG was exacerbated by the rift between major oil producing countries under OPEC, as they flooded the market with crude oil without settling to reduce its production till the situation witnessed the worse possible scenario. Owing to the record drop in prices of crude oil followed by slumped demand for LPG from major consuming sectors, prices of LPG underwent a significant downfall in in the final quarter of FY 19. Despite of the downtrend in market dynamics of LPG in Q1 of FY 20, its demand is anticipated to recover in the coming years over several Propylene projects lined up in the global Petrochemical industry like the mega expansion of Propene Dehydrogenation plant in China, utilizing LPG as feedstock. Moreover, resumption of industrial and travel activities with improvement in the condition of the Pandemic will also surge the demand for the product from next financial year.</p><p>According to ChemAnalyst report,” “Global Liquified Petroleum Gas (LPG) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. USA is the global production hub for LPG, with its supply exceeding the demand in the native region. The excess refining capacity of USA allows it to engage in the global trade for the worldwide exportation of LPG to extend its profit margins. With USA comprising the major production share, a high share of demand is accounted from Asia Pacific region owing to the continuous industrial developments in countries like China and India. In 2019, Numaligarh refinery and SHV Energy Private Limited in India proposed expansion plans for hydrocarbon processing plants, thus considerably contributing in widening the production of LPG in the APAC region. Moreover, US Enterprise also announced the expansion of LPG and PGP oil capacity at Houston terminal with an aim to strengthen the export revenue for the company.</p><p>Major players operating in the Global LPG market are Exxon Mobil Corporation, British Petroleum Plc, China Petroleum and Chemical Corporation, China National Petroleum Corporation, Chevron Corporation, Royal Dutch Shell, Phillips 66, Valero Energy, Oman Oil Company, Bayegan, Petredec LPG, Reliance Industries Limited, Sinopec etc.</p><p>“Global Petrochemical industry is facing a devastating downfall amid deprived value of feedstock crude followed by plunging demand from major end-user industries. This unprecedented dive in demand for crude oil has taken down the market dynamics of its various derivatives apart from the ones being utilized in Pharmaceuticals and Specialty chemical companies. The LPG demand in the final quarter of FY 19 declined by over 6 per cent over temporary halt in operations of various end-user industries as an outcome of subdued demand due to Coronavirus lockdown. However, LPG in comparison to other crude oil derivatives witnessed low downfall owing to its persistent usage in commercial and household purposes. Market outlook for Global LPG market is likely to recover appreciably on several expansion projects of LPG derivatives lined up in China and U.S.A. in the coming years. Moreover, increasing preference of LPG over LNG due to the safety and storage benefits it offers, is expected to considerably push up the industrial demand for the product 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>Source : ChemAnalyst</strong></p></div>India Methanol Demand to surpass 20 Million Tonnes by 2021https://globalriskcommunity.com/profiles/blogs/india-methanol-demand-to-surpass-20-million-tonnes-by-20212020-06-16T16:00:00.000Z2020-06-16T16:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>According to ChemAnalyst report, “<strong>India Methanol Market: Plant Capacity, Production, Operating Efficiency, Technology/Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India Methanol market grew at a CAGR of around 7.15% during 2015-2019 and is projected to grow at a healthy CAGR during the forecast period. Increased Methanol demand as a fuel additive strengthened by India’s vision to create a Methanol Economy will drive the Methanol demand in the forecast period. Moreover, increasing usage of Formaldehyde resins increasingly consumed by downstream packaging sector and rising demand for derivatives such as MTBE, DME, DMT etc. will further propel the Methanol market growth over the coming years.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/india-methanol-market-83">India Methanol Price, Demand and Supply</a></strong></p><p>Methanol (also known as Methyl Alcohol) is an important feedstock for the production of Acetic Acid and Formaldehyde, which are further used in products like adhesives, foams, plywood subfloors, solvents etc. In addition, Methanol is used to produce methyl tertiary butyl ether (MTBE) and Dimethyl Ether (DME), components used in gasoline blending to impart cleaner fuel properties to the parent fuel. Methanol blends possess the potential to improve the vehicle efficiency by about 25%. In addition, due to its potential to reduce greenhouse gas (GHG) emissions, Methanol is believed to bring India closer to fulfilling COP-21 UN Climate Conference commitments towards cutting the overall GHG emissions across the globe. In addition, Methanol is also a key component in biodiesel, a renewable fuel that can be used in place of, or blended with, conventional diesel fuel. India’s vision towards switching to cleaner fuels and reducing its import bill by 15% would drive the Methanol market in the forecast period.</p><p>Around 45% of the world’s Methanol produced goes for energy-related applications, however, Methanol consumption trends in India slightly vary as compared to the rest of the world. Of all the end-users, Formaldehyde sector holds the largest market share dominated by increasing consumption of Formaldehyde resins which are extensively used in the packaging sector. The share of formaldehyde in the sectoral usage of Methanol has improved significantly to 45% in FY20. This has been strongly supported by the rapid expansion of the country’s packaging and paints and coatings sector with rising middle-class population over the last few decades.</p><p>Coal to Methanol technology is the most preferred technology for producing Methanol worldwide. Apart from that biomass or municipal solid waste and flared natural gas can also be used for Methanol production, but the continuous availability of latter poses a major challenge. Since India currently has no commercial coal to Methanol plant, it is anticipated that it would be economically viable if India utilizes its coal reserves for Methanol production to reduce its import dependency. In attenuation to the government’s initiatives towards promoting Methanol blending in petrol and adoption of cleaner fuels, the world's largest coal miner Coal India Ltd. (CIL) is aiming to produce 6.76 lakh tonnes of methanol per annum to boost clean energy initiatives by setting up a Coal -based Methanol plant at Dankuni Coal Complex (DCC) of South Eastern Coalfields Ltd (SECL), a subsidiary of the company. India’s favorable policies and government’s strenuous efforts towards promoting “Make in India” scheme are indicative of the robust growth of the Methanol industry in India.</p><p>However, outbreak of COVID-19 triggered a sudden downfall in the global fuel consumption as the operations remained stalled for most of the fourth quarter of 2020 due strict lockdown measures taken to contain the virus spread. Hammered by the pandemic stress, Methanol prices plunged to 11-year lows to about $156 per MT CFR India. Operations at the downstream plywood and Formaldehyde sectors also remained halted for several weeks, due to lack of working laborers. In additions, Methanol inventories at Kandla and Mumbai ports swelled due to reduced offtake because of logistic issues. However, with ease in lockdown restrictions, Methanol players are optimistic as they sense a speedy recovery in the price levels and increase in downstream demand.</p><p>Majority (about 90%) of India’s Methanol requirement is met through imports with more than 90% imports from Iran and Saudi Arabia where it is produced abundantly from Natural Gas. This is primarily because, it is cheaper for India to import methanol than to locally produce it from Natural Gas which is again imported as the country does not house any Coal to Methanol plant despite its huge coal reserves. India also exports small volumes of Methanol, but the amount has been almost negligible as compared to the imported volumes. According to ChemAnalyst report, “<strong>India Methanol Market: Plant Capacity, Production, Operating Efficiency, Technology/Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> the key Indian players operating in the India Methanol market are– Gujarat Narmada Valley Fertilizer & Chemicals limited, Deepak Fertilizers, Rashtriya Chemicals and Fertilizers, Assam Petrochemicals and National Fertilizers Limited. Saudi Arabia Basic Industries Corporation (SABIC), Zagros Petrohemical Co., Kharg Petrochemical, Marjan Petrochemical, Fanavaran Petrochemical etc. are some of Middle Eastern players operating in the India Methanol market.</p><p>“India stands third in the list of major energy related carbon dioxide emitter in the world. If the country adopts the idea of Methanol Economy, it can easily mitigate the environmental challenges it is facing since decades. The Indian Government body NITI Aayog is actively preparing a road map for full-scale implementation of Methanol Economy in the coming years. The time has come when the government is betting big on cleaner fuels for transport and household cooking. Due to its emission benefits, the government is also planning to adopt Methanol as a fuel in the marine sector. These factors clearly portray that the growth of the India Methanol industry is likely to surpass its expected levels in the coming few years, with fuel additives sector leading the industrial growth. Currently, India is finding out ways to curtail its import dependence to reduce its import bill by channelizing its coal reserves to produce Methanol. India’s expanding packaging and adhesives market also offers a vast potential to the country’s Methanol market growth. In addition, demand for Acetic Acid and other derivatives such as MTBE and Dimethyl Ether (DME) which when blended with conventional fuels are known to impart high-octane and environment friendly properties with lower emissions, will further give a strong boost to the India Methanol industry in the forecast period. Since India heavily relies on cheaper imported Methanol, it is extremely crucial for the local players to evaluate the influence of COVID-19 outbreak on the Methanol supply chains across the globe and study its potential impact on the India’s Methanol Industry for long term gains.“, 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 Titanium Dioxide Demand to Grow Around 1000 Million Tonnes by 2030https://globalriskcommunity.com/profiles/blogs/india-titanium-dioxide-demand-to-grow-around-1000-million-tonnes2020-06-12T17:30:00.000Z2020-06-12T17:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028318287,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028318287,original{{/staticFileLink}}" class="align-center" alt="8028318287?profile=original" /></a></p><p>According to ChemAnalyst report, “<strong>India Titanium Dioxide Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India Titanium Dioxide market grew at a CAGR of around 8.25% during 2015-2019 and is projected to grow at a healthy CAGR during the forecast period. Strong growth of India’s paints and coatings sector backed by Indian government’s favorable policies to encourage infrastructural development in education, heath, retail and housing sector will drive the growth of Titanium Dioxide in the forecast period.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/india-titanium-dioxide-market-81">India Titanium Dioxide Pricing</a></strong></p><p>Titanium Dioxide (TiO2) is a white pigment possessing unique combination of desirable properties such as high refractive index, low specific gravity, opacity and non-toxicity. Due to its superior properties, Titanium Dioxide is a widely used raw material in several downstream sectors such as paints, paper, toothpaste, plastics, inks, textile, porcelain, cosmetics, food, medicines, etc. It is used in a wide variety of personal care products, including color cosmetics such as eye shadow and blush, loose and pressed powders and in sunscreens. Pigment Titanium Dioxide holds almost 25% share in the total content of paints. Paints and coatings sector hold the largest market share (more than 70%) of the country’s total demand with market growth prospects likely to increase with rapid expansion of India’s construction industry and ongoing infrastructure developments.</p><p>Titanium dioxide (TiO2) is extracted from the mineral ilmenite, which is found in the metamorphic, plutonic igneous rocks and beach sands of India. It can be further categorized into Anatase, Rutile and Brookite grades, of which only Anatase and Rutile hold commercial importance. Of the two, Rutile TiO2 is known to possess better stability with efficient light scattering properties than Anatase pigments which are less durable and find common applications in low quality distempers, self-cleaning paints and road marking paints. Apart from paints, Anatase grade is also used in other downstream sectors such as plastics, paper, textiles, detergents, printing inks etc. while Rutile grade is used in the plastics and printing inks sectors.</p><p>More than 70% of the domestic TiO2 demand is met through imports, China being the leading exporter. India has huge reserves of ilmenite and rutile, majorly located in the coastal regions of Tamil Nadu, Andhra Pradesh, Kerala, and Odisha. However, lack of manufacturing infrastructure, high power cost and high capital cost involved in setting up a TiO2 plant act a barrier for the domestic Titanium Dioxide production. However, initiatives of the Government of India towards promoting domestic manufacturing such as Make in India Scheme are expected to drive the Titanium Dioxide market growth in the long run.</p><p>However, domestic TiO2 industry had to pay a heavy cost due to the sudden outbreak of coronavirus which hard hit demand as construction activities and infrastructural developments remained halted almost throughout the final quarter of 2020 after the government announced lockdown measures to curb the spread of virus. However, due to logistic disruptions, the domestic units could neither move their finished products nor procure raw materials to revive production. Unprecedented slowdown in demand from the automotive sector which remained severely impacted due to decline in auto sales, further pressurized the domestic Titanium Dioxide players. However, as the Indian economy heads towards recovery with easing lockdown restriction, increased consumption from end-users such as infrastructure, automobile and real estate is likely to support the overall growth of the downstream paints and coatings sector with gradual pick-up in demand. Moreover, increasing government initiatives such as Housing for All by 2022, aimed at providing affordable housing to Indian homebuyers would enable domestic players to witness a strong boost in the domestic TiO2 market.</p><p>According to ChemAnalyst report, “<strong>India Titanium Dioxide Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> major players operating in the Indian Titanium Dioxide market are Kilburn Chemicals, The Kerala Minerals & Metals Limited (KMML), Travancore Cochin Chemicals, The Travancore Titanium Limited (TTPL) and VV Titanium Products Limited. Leading international players like Sichuan Lomon Titanium Co., Ltd., Henan Billions Chemicals Co., Ltd., CNNC Hua Yuan Titanium Dioxide Co., Ltd., Shandong Doguide Group Co., Ltd., Jinan Yuxing Chemical Co., Ltd etc. are exporting TiO2 in huge volumes to India. Huge investments in TiO2 capacity expansions and production technologies would further drive TiO2 demand in the forecast period. In FY18, the Kerala government has put forth a plan to increase capacity of Chavara KMML plant to 100 KTPA by manufacturing TiO2 from the beach sand minerals. Moreover, Tata Steel has proposed a project to produce 1,00,000 tonnes per year Titanium Dioxide from ilmenite extracted from beach sands of Tirunelveli and Thoothukudi districts located in in southern Tamil Nadu.</p><p>“India’s organized paints sector is aggressively growing at a CAGR of around 15%. And this robust growth in the paints sector offers a vast potential to the expansion of India’s Titanium Dioxide industry. This is because the paints sector is highly material intensive, with over 300 raw materials involved in the manufacturing process. TiO2 is one of the key pigments used in paints which is mostly imported in the country, despite its high ilmenite reserves. Ilmenite is an important ore for manufacturing TiO2, and other Titanium based chemicals. However, the technology for processing ilmenite in various titanium-based chemicals is a closed one. For manufacturing TiO2, India must source the technology from foreign countries and start processing the mineral sand which needs a hefty investment of several crores. With government’s Make in India scheme and strong aim to reduce its import dependency, it is anticipated that Titanium Oxide market in India will get a strong boost over the coming years. At the same time, the state government’s policy decision to discourage export of raw mineral sand would enable India to make remarkable achievements in ilmenite processing. Since India heavily relies on cheaper imported TiO2, it is extremely crucial for the local players to evaluate the influence of COVID-19 outbreak on the TiO2 supply chains across the globe and study its potential impact on its domestic prices. The prices of TiO2 in India are currently under strong fluctuations due to trade restrictions volatility in crude oil and foreign exchange fluctuation due to COVID-19.” 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 Ethanol Demand to Surpass 3.8 Billion Litres by 2021https://globalriskcommunity.com/profiles/blogs/india-ethanol-demand-to-surpass-3-8-billion-litres-by-20212020-06-10T18:00:00.000Z2020-06-10T18:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028323271,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028323271,original{{/staticFileLink}}" class="align-full" alt="8028323271?profile=original" /></a></p><p>According to ChemAnalyst report, “<strong>India Ethanol Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Grade, Source, Purity, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India Ethanol market grew at a CAGR of around 12.50% during 2015-2019 and is projected to grow aggressively during the forecast period. Increasing petrol-Ethanol blending to reduce carbon emissions from gasoline, backed by strenuous efforts of the Indian government to curtail imports of crude oil and establish an Ethanol economy will drive the India Ethanol demand during the forecast period. Moreover, India’s strong ties with major Ethanol economies which would provide advanced ethanol production technologies would further drive the Ethanol demand over the coming years.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/india-ethanol-market-80">India Ethanol Pricing</a></strong></p><p>Ethanol (also known as ethyl alcohol), popularly known as alcohol, is consumed in alcoholic beverages such as beer, cider, wine, spirits etc. all over the world. Apart from beverages, Ethanol serves various other sectors such as industrial solvent, fuel and fuel additives, chemical intermediates, disinfectants etc. Because of its broad-spectrum germicidal properties, Ethanol also finds several applications in disinfectants such as in alcohol-based hand sanitizers. Increasing demand for disinfectants with rising health consciousness among people will further escalate the Ethanol demand in the coming years.</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>Fuel and fuel additives account for a larger share of the Ethanol consumed with increasing gasoline blending targets proposed by the government of India every year. Government’s National Biofuel Policy 2018, which aims to achieve the Ethanol blending target of 10% by 2022 and 20% by 2030 from the current rate of 2-3% Ethanol blended petrol (EBP) target every year, has significantly supported the growth of Ethanol market in India. Moreover, through its strong ties with Brazil and other nations which have been at the forefront of biofuel adoption globally, the Indian Ethanol industry is heading towards novel developments in its policies and production technologies.</p><p>However, outbreak of COVID-19 rendered an unprecedented crash in the global fuel consumption as operations remained halted for most of the fourth quarter of 2020 due lockdown measures taken to contain the virus spread. Despite downfall in fuel demand, Ethanol players remained optimistic as the demand from the hand sanitizer segment touched record breaking highs as Ethanol serves as an essential ingredient in the production of alcohol-base hand sanitizers. Ethanol, being a germicidal has been recommended by WHO for potentially active against the virus. To cater to the soaring demand, domestic sugar mills such as Indian Sugar Mills Association (ISMA) and All India Distiller Association (AIDA) increased their produced Ethanol outputs thereby supporting their annual performance.</p><p>According to the report, corn and sugarcane are common feedstocks for fermentation ethanol. Sugar beet, cassava and damaged food grains like wheat, broken rice, rotten potatoes etc. can also act as ethanol sources, while synthetic ethanol’s primary feedstock is ethylene. The National Policy on Biofuels – 2018 also allows the use of excess food grains, with the approval of National Biofuel Coordination Committee for producing bioethanol. Indian government’s initiative to incentivize farmers to store what typically is thought of as agricultural waste, is expected to boost the Ethanol production in the country. Moreover, India’s large-scale sugarcane production is likely to benefit the domestic ethanol producers in the forecast period. Additionally, heavy investments in Ethanol production technologies would further propel the expansion of the domestic Ethanol industry. In FY20, India’s northern Haryana government planned to build a new 100 kl per day 2G-Ethanol plant using both sugarcane residue and paddy straw as raw materials.</p><p>According to ChemAnalyst report, “<strong>India Ethanol Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Grade, Source, Purity, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> the India Ethanol market has been segmented into North, West, East and South regionally. Sugar mills in states of Maharashtra and Uttar Pradesh are projected to account for 40% and 30% of the fresh ethanol capacity additions in the period of forecast. However, despite steady increase in Ethanol production, India is still a net importer of Ethanol from the U.S. The key players operating in the Indian Ethanol market are India Glycols, Bajaj Hindusthan Sugar, Shree Renuka Sugars Ltd., Triveni Engineering & Industries Ltd., Balrampur Chini Mills Ltd., Mawana Sugars Ltd., HPCL Biofuels Limited, Jeypore Sugar Company Ltd., Simbhaoli Sugars Ltd., BSM Sugar and E.I.D Parry India Ltd. With huge capacity expansion plans scheduled on the cards, India can become one of the largest Ethanol producers in the world. Indian Currently, the Indian government is evaluating over 150 proposals from sugar mills planning to set up new facilities or expand their existing plants. Government of Uttar Pradesh has put forth an INR 100 Cr investment plant to upgrade its cooperative sugar mills. Indian Oil and SunLight Fuel are also planning to foray into Ethanol production with over INR 2,500 crore greenfield investment.</p><p>“India stands third in the list of world’s leading crude oil importers and the fact puts forth the need before the country to reduce its reliance on imports and channelize the savings. In FY20, honorable Prime Minister Narendra Modi presented the idea of lowering country’s import dependence in oil by 10% to cumulatively reach 67% by 2022, the year which marks 75 years of country’s independence. India’s Ethanol consumption stood at 3.8 billion litres as of 2020 and the idea of mandatory E10 blending alone would require around 1.5 billion liters of Ethanol annually. To accomplish such an ambitious goal, India needs to work on its policies towards pricing, procurement, and blending. E10 fuel blending plan will importantly offer an alternative to the country’s nearly 50 million sugarcane producers who are dependent on government sugar subsidies. Factors such as large-scale sugarcane production, urgent need to reduce pollution levels, government initiatives to support Ethanol production such as Pradhan Mantri JI-VAN Yojana etc. are expected to drive the Ethanol market prospects in the forecast period. Moreover, the recent Memorandum of Understanding (MOU) signed between India and world’s foremost biofuel giant, Brazil which entails technical collaboration and technology adoption such as second-generation Ethanol would spur the Ethanol demand outlook. In addition, rising hand sanitizer consumption post the pandemic would also prove to be a gamechanger for the industrial Ethanol “, 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’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 Linear Low-Density Polyethylene (LLDPE) Demand to Touch 3.5 Million Tonnes by 2030https://globalriskcommunity.com/profiles/blogs/india-linear-low-density-polyethylene-lldpe-demand-to-touch-3-52020-06-05T15:00:00.000Z2020-06-05T15:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>According to ChemAnalyst report, “<strong>India LLDPE Market: Plant Capacity, Production, Operating Efficiency, Technology, Process, Demand & Supply, Grade, End Use, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India Linear Low-Density Polyethylene (LLDPE) market is projected to grow at a CAGR of around 7.1% during the forecast period. Rising consumer preference for flexible packaging films in packaged food and beverages backed by strong demand for rotational molding grade which supports fabrication of products which seem impossible to be produced by other processes is expected to drive LLDPE demand in India during the forecast period.</p><p><strong>Browse Complete Report : <a href="https://www.chemanalyst.com/industry-report/india-linear-low-density-polythylene-lldpe-market-77">India LLDPE Prices</a></strong></p><p>LLDPE sector leads the India Polyethylene market and is likely to register the sharpest growth due better characteristics than other polyethylenes. Demand for LLDPE holds diverse applications in milk and edible oil packaging, lamination films, extrusion coating, cast films, stretch films, specialty films, rotomoulding and injection moulding. Excellent barrier properties, better affordability, superior toughness and enhanced puncture resistance ensure that LLDPE remains the most preferred choice in the packaged food industry. Packaging sector accounts for more than 60% of the country’s total LLDPE demand, backed by growing demand for convenient and safe packaging of food and pharmaceutical products. LLDPE films also popularly used in carrier bags, pouches, and agricultural covering films and other applications. Rising penetration of new entrepreneurs in the Indian packaging industry and government incentives to promote small and medium enterprises will contribute to the overall growth of Indian LLDPE industry in the forecast period. Moreover, Prime Minister Narendra Modi’s vision to make India a global manufacturing hub will augment the healthy growth of India’s LLDPE market.</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>Key LLDPE players anticipate rotational molding as one of the fastest growing plastics processing methods in the next five years. The robust growth can be expected because rotational molding can be used for manufacturing materials of versatile shapes and sizes that could not be achieved using traditional vinyl processes. LLDPE roto molding grades serving vast applications in automotive parts, toys, insulated containers, tanks etc. is expected to drive the overall LLDPE market in the forecast period.</p><p>Demand of polymer products remained strongly affected throughout Q4FY20, due to indefinite halt in industrial activities caused due to the sudden outbreak of novel coronavirus. Hit by the demand downturn, LLDPE film CFR prices in India dropped by $10 per tonne with strong fluctuations between $790-830/tonne in Q4FY20 due to COVID-19 related uncertainties. Hit by the pandemic woes, local LLDPE players had to balance with swelling inventories and recorded significant slump in annual polyethylene sales. Reduced offtake by the downstream end-users forced several state controlled LLDPE refiners such as OPAL and RIL to curtail operating rates at their petrochemical production units by more than 30%. However, with ease in lockdown restrictions in May, the companies scaled up their production activities up to 70% to recover the potential losses. Despite unprecedented downfall in the Indian economy due to underperformance of the industrial sector, the demand for polymers is likely to sustain in this fiscal and gradually rise in the years to come as India has geared up to become a self-reliant country with constant support of the Indian government. Prices of LLDPE will reach to their pre pandemic levels by Q2 FY21 and will erase out the incurred losses with strengthening demand.</p><p>According to ChemAnalyst report, “<strong>India Low-Density Polyethylene (LDPE) Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> some of the major players operating in India LLDPE market are Reliance Industries Limited, GAIL India Limited, Indian Oil Corporation Limited, Haldia Petrochemicals Limited, ONGC Petro additions Limited and Brahmaputra Cracker and Polymer Limited. RIL leads the domestic LLDPE market with about 23% market share. Globally, the company is the world’s 7th largest producer of LLDPE and is expected to expand its global footprints with hefty investment plans in the coming fiscals. The Dow Chemical Company, ExxonMobil, SABIC, QAPCO etc. are some of leading international players operating in the India LLDPE market. Scheduled capacity expansions and new players venturing into the domestic market are likely to propel the LLDPE market growth in the forecast period. In 2019, India’s HPCL-Mittal Energy Ltd (HMEL) received environmental clearance for adding a polymer unit at its Guru Gobind Singh refinery and Petrochemical complex. The proposed project is expected to complete by April 2021 and would house two LLDPE/HDPE swing plants of capacity 400 KTPA each, a 500 KTPA Polypropylene plant, a 450 KTPA HDPE unit and a 55 KTPA butane-1 line.</p><p>“India is the second largest polymer consumer in Asia after China. Polymer demand in India is strongly driven by increasing disposable income and exceptional growth in its e-commerce sector. Almost 80% of the global LLDPE is used in films for applications such as food and non-food packaging, shrink & stretch film, and non-packaging uses. India’s huge volumes of produced LLDPE goes into single-use packaging. Food packaging is one of the major growing areas of the industry as people become more adaptable to packaged and frozen foods. Sectoral growth is also promoted as people are increasingly shifting their focus from packing in rigid containers to high quality flexible packages. Although COVID-19 rendered a deep injury to the Indian polymer industry, abundant low-cost feedstocks will create lucrative opportunities for the Indian firms. Moreover, domestic players aggressively expanding their capacities and investing in world class LDPE processing technologies would further enhance the penetration of the local players in the international markets. Looking at the market uncertainties, long-term supply-chain analysis and procurement strategies will have a decisive impact on the growth trajectory of the country’s LLDPE market in the years to come.“said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.</p><p>Source : ChemAnalyst</p></div>India Polypropylene (PP) Market to Grow at a CAGR of 8.51% by 2030https://globalriskcommunity.com/profiles/blogs/india-polypropylene-pp-market-to-grow-at-a-cagr-of-8-51-by-20302020-06-04T15:30:00.000Z2020-06-04T15:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028325082,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028325082,original{{/staticFileLink}}" class="align-left" alt="8028325082?profile=original" /></a></p><p>According to ChemAnalyst report, “<strong>India Polypropylene Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India Polypropylene (PP) market is anticipated to grow aggressively at a CAGR of 8.51% during the forecast period due to increased PP consumption as a raw material in the country’s rapidly expanding healthcare sector and growing demand for recyclable Biaxially Oriented Polypropylene (BOPP) films for flexible packaging of food and non-food products driven by the booming FMCG sector.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/india-polypropylene-market-78">Polypropylene (PP) Market in India</a></strong></p><p>Flexible Packaging and Injection Molding grade account for the largest market share in the India Polypropylene market, driven by increased packaged food penetration and strong boost in the e-commerce and organized retail sectors in India. Rising demand for Polypropylene for manufacturing highly durable and cost-effective BOPP films for flexible packaging applications will provide a substantial spur to the country’s Polypropylene market demand in the forecast period. Due to its desirable characteristics, domestic manufacturers are continuously researching on Cast film Polypropylene to increase shelf-life of meat and other food products containing high fatty acids. Moreover, improved characteristics such as high resistance to cleaning agents, disinfectants, and various other chemicals have made Polypropylene a desirable choice for medical applications. Use of Polypropylene in the downstream medical sector for manufacturing syringes, surgical trays, inhalers, and several instrument parts has tremendously boosted the PP market growth in India.</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>Also, Polypropylene has emerged as a material of choice for manufacturing Personal Protective Equipment (PPE) kits which have been strongly recommended by the World Health Organization for medical personnel who are fighting on the frontlines in the country’s battle against COVID-19. Moreover, during the pandemic, there has been a significant shift in the demand from the Raffia grade to Fibre-grade PP, a key raw material for manufacturing surgical masks. Rising health consciousness among people of India backed by the government’s huge investments towards making India self-reliant for manufacturing PPE kits will significantly drive India’s Polypropylene market in the forecast period. </p><p>Currently, India’s Polypropylene demand is being met through both domestic production as well as imports. However, outbreak of novel coronavirus rendered a sharp decline in the PP imported volumes which remained hard hit due to trade disruptions as several counties announced force majeure to contain the spread of the pandemic. Indefinite halt in industrial activities eventually leading to demand downturn hard hit the PP prices which remained under pressure in the final quarter of FY20. Most domestic PP producers tried operating their plants at curtailed rates or temporarily shut their units to deal with swelling inventories. Indian producers like OPAL and Reliance which targeted the export market, remained anxious as logistics remained disturbed under lockdown restrictions. Polypropylene CFR prices in India witnessed a decline by $20 per tonne and hovered between $930-960 per tonne in India in Q4FY20 amid COVID-19 related uncertainties. However, with downstream sectors resuming production activities and ease in lockdown restrictions, prices are likely to show an uptrend by the Q2FY21.</p><p>According to ChemAnalyst report, “<strong>India Polypropylene Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> major players operating in India polypropylene market are Reliance Industries Limited, Indian Oil Corporation Limited, HPCL-Mittal Energy Limited, Haldia Petrochemicals Limited, ONGC Petro Additions Limited, Mangalore Refinery and Petrochemicals Limited, Brahmaputra Cracker and Polymers Limited. Exxon Mobil Corporation, LyondellBasell Industries and Sinopec are some of the global players operating in the India PP Industry. Huge investments and capacity expansion plans by the key players like RIL, IOCL and OPAL are likely to give a strong boost to the domestic Polypropylene sector in the next five years. One such undergoing project is HPCL Rajasthan Refinery Ltd’s (HRRL’s) 181,000-bpd integrated refinery and petrochemical complex, which is under construction in the Barmer District, Rajasthan. The refinery will house two 490 KTPA Polypropylene units each, thereby contributing significant volumes to the domestic PP industry. Moreover, latest technological investments in the country’s Polypropylene sector such as adoption of LyondellBasell’s fifth generation Spheripol polypropylene process technology by HPCL-Mittal Energy Limited (HMEL) and advanced Novolen technology contract awarded to McDermott International by Chennai Petrochemical Ltd. were some of the highlights in FY20.</p><p>“A number of green field expansions in the packaging sector followed by strong boost in the FMCG sector will render a strong impetus to India Polypropylene market in the forecast period. After experiencing major blows due to COVID-19 in the Q4 FY20, players are eyeing on recovery of Polypropylene downstream sectors. Although PP demand from the packaging sector remained quite satisfactory even during the cold waves of coronavirus, the unprecedented slump in the automotive industry weighed over the industry’s annual performance in FY20. However, with recovery in demand and collapse in feedstock prices, players are anticipating enhanced EBITDA margins and efficient capacity utilization in the current fiscal. Packaging sector will offer a vast potential to the India Polypropylene industry, considering rising low packaged food penetration in India and increase in personal disposable income. Moreover, increased investments by the organized retail industries and transition from rigid to flexible packaging will further improve the demand outlook. In addition, domestic manufacturers are also anticipating skyrocketing demand for non-woven Polypropylene, which finds primary usage in face masks after the pandemic. Global demand for polypropylene is forecasted to grow to 120 MMT by 2030. Hence, Indian players are planning to expand their reach to the international market along with ensuring a strong foothold in the domestic industry. These factors, further assisted by increased penetration of Polypropylene in industrial value chains are likely to push PP market to unmatched levels in the next five 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>India’s Polycarbonate Demand to Uptrend and Register a CAGR of 6.85% by 2030https://globalriskcommunity.com/profiles/blogs/india-s-polycarbonate-demand-to-uptrend-and-register-a-cagr-of-62020-06-03T16:30:00.000Z2020-06-03T16:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span><a href="{{#staticFileLink}}8028323898,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028323898,original{{/staticFileLink}}" class="align-center" alt="8028323898?profile=original" /></a></span></p><p><span>According to ChemAnalyst report, “</span><strong>India Polycarbonate Market: Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030</strong>”. India Polycarbonate market is anticipated to project a healthy CAGR of 6.85% in the forecast period, highly influenced by the demand for the product for manufacturing of various devices such as LED system and optical storage in rapidly expanding Asian electronic sector. Polycarbonate is a transparent thermoplastic synthesizing Bisphenol A and Phosgene as feedstock. Properties such as high ductility, high impact resistance and light weight gives Polycarbonate a competitive edge over other plastics. Furthermore, high requirement for Polycarbonate medical syringes and single-use medical packaging in the medical industry in wake of Coronavirus to drive the growth of India Polycarbonate market in the forecast period.</p><p><strong>Browse Complete Report : <a href="https://www.chemanalyst.com/industry-report/india-polycarbonate-market-76">India Polycarbonate (PC) Prices</a></strong></p><p>As automotive industry constitutes a high percentage share in the consumption of Polycarbonates in India. Government initiatives such as the new vehicle safety legislation act in 2019 followed by shift to BS VI emission scheme , requiring the production of BS VI fuel compatible vehicles , led to an incredible rise in the demand for Polycarbonate in the past few years.</p><p><strong>Chemical-Pricing: <span><a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></span></strong></p><p>The global pandemic has given rise to a remarkable shift in the consumption pattern of Polycarbonate in various end-use industries. Outbreak of Coronavirus in Q4 of FY 20 has negatively impacted the demand for Polycarbonates in automotive and construction industry as several companies were compelled to halt production in compliance to the lockdown put up by the government to contain Coronavirus spread. Even after the ease in restrictions of lockdown, certain automotive companies did not resume the production due to high inventory build up and the ones that resumed the production operated their plants at less than 20% operating rates to restrain the loss in revenue due to subdued demand. Similarly, the reduction in funding’s for construction projects due to slowdown in Indian economy has led to a prolong halt in activities in construction line, thereby, reducing the demand for polymers like Polycarbonate and ABS utilized in the manufacturing of interior and exterior elements of a building. In contrast, sudden upsurge in demand for polycarbonate medical syringes and face masks from medical industry on high requirement for medical facilities to grapple Coronavirus has bolstered the demand for the product. This demand from medical industry is perceived to accelerate in the next five years on high stress in expansion of Medical and healthcare sector after Coronavirus outbreak. Moreover, the demand in major end-use segments of Polycarbonate, electric and electronics and consumer goods remained considerate at the back of rapidly expanding Asian electronic sector and consistent demand for consumer goods. Government initiative of self-reliant India which is emphasized on making India a manufacturing hub is anticipated to further propel the demand for Polycarbonates in electronic industry as manufacturers will enhance their production to cater the overall domestic demand as a result of cut in electronic imports from its major manufacturing country, China. In addition, rise in demand for single-use Polycarbonate packaging in food and beverage industry on panic over reducing the risk of virus contagion is likely to emerge as a potential segment to push the growth of India Polycarbonate market in the forecast period.</p><p>According to ChemAnalyst report, “<strong>India Polycarbonate Market: Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030</strong>”. Till date, India accounts for no domestic production of Polycarbonates, hence primarily all the demand in the market is fulfilled by imports. As the market embarks huge potential for new players, GAIL India Limited, has proposed to set up a Polycarbonate plant with an installed capacity between 1.6-2.0 million metric tons in the coming years. As of now, the major players operating in the India Polycarbonate market include Thai Polyacetal Company Limited and Thai Polycarbonate Company Limited, Saudi Basic Industries Corporation, Formosa Idemitsu Petrochemical Corporation, LG Chem Ltd, Chi Mei Corporation, etc. Due to massive demand for Polycarbonate in the Indian market, the proposed plant of GAIL is anticipated to be a boon for the India Polycarbonate market and is expected to consolidate huge revenue after completion.</p><p>“Chemical industry is witnessing a huge shift in the market sentiments owing to the change in lifestyle of people in wake of Coronavirus outbreak. Earlier petrochemical sector upheld the profit in chemical industry but due to unprecedented dive in the value of crude oil at the back of high inventories and reduced consumption after Coronavirus outbreak, the demand for petrochemicals apart from the ones utilized in hygiene products has dived proportionally. In contrast, Polymer and Resin sector has witnessed huge gains influenced by the increasing requirement for plastic in packaging, healthcare, and pharmaceuticals. As Polycarbonate is utilized in appreciable quantity in the manufacturing of medical syringes and face masks, the demand for the product is expected to grow at an incredible pace under high requirements from Medical Industry till the complete abatement of virus. Moreover, packaging industry is likely to further push up the demand for Polycarbonates as it is considerably being utilized in manufacturing of single-use plastics for food and pharmaceuticals. However, the demand for Polycarbonates from automotive and construction industry will take time to regain momentum after prolonged slowdown due decline in Indian economy. Government initiatives such as self-reliant India, stressed on making India a manufacturing hub, prompts large gain in electric and electronic sector as the domestic manufacturers can cater to majority of domestic demand, after the reduction in imports from China. The enhanced manufacturing in the electrical and electronic industry, the prime end-use industry for Polycarbonates will largely drive the demand for Polycarbonate in the coming 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>India Low-Density Polyethylene (LDPE) Demand to Cross 900 KTPA Mark by 2030https://globalriskcommunity.com/profiles/blogs/india-low-density-polyethylene-ldpe-demand-to-cross-900-ktpa-mark2020-06-02T16:30:00.000Z2020-06-02T16:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>According to ChemAnalyst report, “<strong>India Low-Density Polyethylene (LDPE) Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India Low-Density Polyethylene (LDPE) market is projected to grow at a CAGR of 5.52% during the forecast period due to Increasing consumer preference for innovative, lightweight, and convenient packaging in the FMCG industry backed by increasing demand for LDPE shrink films for bundle-packaging of beverages and eatables during the forecast period.</p><p><strong>Browse Complete Report :</strong> <strong><a href="https://www.chemanalyst.com/industry-report/india-low-density-polyethylene-ldpe-market-71">India Low-Density Polyethylene (LDPE) Market Prices</a></strong></p><p>LDPE is the most ubiquitous of all polyethylene because it is cheap to make, light in weight and is strong enough to withstand environmental stresses and rough handling. LDPE finds extensive applications in heavy-duty films, lamination films, extrusion coating and moulding applications. Lamination films hold a significant market share in the India LDPE demand (about 40 per cent) backed by a boost in the country’s packaging sector. There has been a consistent rise in demand for LDPE films for wrapping poultry, dairy products, snacks and sweets, frozen food and bakery products with heightened hygiene standards. LDPE shrink films are globally preferred over other polyethylene films for packing heavy bundles of large items like beverage cans and packs of edible oils. Moreover, demand for intact LDPE pouches and carry bags has been increasingly growing for storing pharma drugs for longer durations. These factors are likely to support the growth of LDPE market in the forecast period.</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>Outbreak of novel coronavirus had a significant impact on the country’s LDPE sector as several Indian ports declared force majeure to contain the spread of coronavirus pandemic. In Q4FY20, LDPE supplies remained tightened as key southeast Asian players such as Lotte Chemical Titan temporarily shut their manufacturing units further hit by undue delays in scheduled capacity expansions. LDPE film CFR India prices dived by 2 per cent in the fourth quarter oscillating between $900-920/ tonne, due to overall industrial slowdown. However, manufacturers are sensing speedy recovery in the industry as India experiences strong wave of self-dependency amid COVID-19 related uncertainties and a strong boost in its FMCG and pharmaceutical sector. Moreover, government’s initiatives towards making India a global manufacturing hub such as “Make in India” Scheme and rising investments towards promoting advanced packaging technologies in MSMEs will support the growth of India LDPE market despite all odds.</p><p>According to ChemAnalyst report, “<strong>India Low-Density Polyethylene (LDPE) Market: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Application, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> Currently, Reliance Industries Limited is the only manufacturer of LDPE in India and holds around 60% share in the domestic LDPE market. The company is continuously ramping up its capacity at Jamnagar petrochemical complex to cater to country’s growing domestic LDPE demand. RIL uses LyondellBasell’s Lupotech technology for LDPE production which is the most popularly used technology across the globe. Some of the other players operating in the LDPE market are Rakha Al-Khaleej International (RAI) FZCO, Abu Dhabi Polymers Company (Borouge), Saudi Kayan Petrochemical Co., Sinopec Corp., Beijing Yanshan Petrochemical Co., Ltd., ExxonMobil Chemical Co, Qatar Petrochemical Company, Borealis AB, The Dow Chemical Company, LyondellBasell, Saudi Basic Industries Corporation (SABIC) etc.</p><p>“Polymer demand suffered a major blow after the onset of coronavirus. Domestic LDPE prices remained relatively stable in the fourth quarter as players recorded drop in inventory levels amid restricted imports in the country due to lockdown measures. Polymers are processed from crude oil in refineries and hence their prices vary proportionately to crude oil except when their demand-supply factors become deciding factors in short term. Manufacturers are anticipating better profit margins in the forthcoming quarters in tandem with the collapse in upstream crude oil prices which would further suppress their input cost. With local players striving to establish a strong customer base across the globe backed by hefty industrial investments in accord with the government’s “Make in India” scheme, country’s LDPE market is expected to get a strong boost in the coming years. Moreover, with the expansion of the domestic packaging sector which is likely to register Y-O-Y growth of about 20 per cent, the demand for LDPE shrink films will surpass its already existing levels. As India focusses on becoming self-reliant, there is a strong likelihood that LDPE imports will substantially fall in the coming years. Looking at the volatility in the market dynamics, it is important for domestic players to plan efficient utilization of their assets and strategize their expenditures to maintain their position in the India LDPE market.” 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’s Poly Vinyl Chloride (PVC) Demand to Register Robust Growth with CAGR of 6.81% by 2030https://globalriskcommunity.com/profiles/blogs/india-s-poly-vinyl-chloride-pvc-demand-to-register-robust-growth2020-06-01T14:30:00.000Z2020-06-01T14:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span><a href="{{#staticFileLink}}8028322074,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028322074,original{{/staticFileLink}}" class="align-center" alt="8028322074?profile=original" /></a></span></p><p><span>According to ChemAnalyst report, “</span><strong>India Poly Vinyl Chloride (PVC) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030</strong><strong>”. </strong>The demand for Poly Vinyl Chloride is anticipated to outshine at an impressive CAGR of around 6.81% in the forecast period on increasing government schemes for the betterment of facilities for pipe water supply in rural as well as agriculture areas. Furthermore, the sudden surge in demand for PVC in flexible packaging over hygiene awareness in wake of Coronavirus spread in the country is further anticipated to contribute towards considerable growth of PVC market during the forecast period. Polyvinyl Chloride is a part of vinyl chain group and comes under the category of synthetic polymer. The demand for PVC varies with its different grades and types. Among the different grades of PVC, pipe grade PVC is the majorly demanded due to its high requirement in agricultural and construction industries for production of underground irrigation and water distribution system.</p><p><strong>Browse Complete Report</strong> : <strong><a href="https://www.chemanalyst.com/industry-report/india-poly-vinyl-chloride-pvc-market-74">India Poly Vinyl Chloride (PVC) Pricing</a></strong></p><p>Pipe grade PVC constitutes over 40% share of the total demand for PVC in the country. The budget of FY 20 containing initiatives to produce efficient piped water facilities for rural and agricultural areas by 2024 has given the much-needed push in accelerating the demand for PVC in the country.</p><p><strong>Chemical-Pricing: <span><a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></span></strong></p><p>Outbreak of Coronavirus in the final quarter of FY 20 has led to a devastating economic slowdown followed by the fallout in business of various industries. This economic downturn is incurred under the domino effect of lockdown imposed in the country to contain the spread of virus. However, rising awareness over cleanliness and hygiene and increasing requirement for drugs and medical equipment have kept the stocks of Packaging, Healthcare and Pharmaceutical industry high in hard times of economic crises. As PVC is utilized in an appreciable amount in the production of flexible packaging plastic, majorly for food and pharma industry, the demand for PVC in packaging industry has increased over panic procurement of packaged goods to avoid chances of contagion by any means. This spike in demand for flexible packaging is likely to grow at the consistent pace in the coming years as the complete abatement of the virus is uncertain till a proper vaccine in attained. In contract, the demand for PVC from automotive and construction sector has declined considerably, affected by the crash in finances of industries and reduced public spending. Moreover, many of the construction projects where PVC is utilized in manufacturing of films, molding and profiles has been sidelined due to low cash flow. Similarly, the demand for automotive utilizing PVC plastics in various parts have been reduced as an outcome of low offtakes from consumer primarily due to reduction in their gross annual income after Coronavirus. To grapple this hard time for industries, Government of India has proposed a scheme of self-reliant India stressing on the increase in Indian manufacturing activities in order to cut the reliance on imports from other countries. This initiative if implied properly is anticipated to bolster the growth of various industries as it will help the manufacturers to consolidate to complete domestic demand .Moreover, a number of initiatives for improvisation of facilities for pipe water supply to rural and agricultural areas under the scheme of ‘ Make in India’ has surged the demand for pipe grade PVC . This demand is anticipated to further propel in the coming years on increasing stress on better infrastructure and lifestyle of the country.</p><p><span>According to ChemAnalyst report, “</span><strong>India Poly Vinyl Chloride (PVC) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. Major players operating in India PVC market include</strong> reliance Industries, Finolex Industries Limited, Chemplast Sanmar Limited, DCW Limited, DCM Shriram Limited. Other international companies catering the demand for PVC in India are Occidental Petroleum Corporation, Formosa Plastics Group, Mitsui Chemicals, Hanwa Chemical Corporation, LG Chem, Xinjiang Zhongtai Chemical Co. Ltd etc. Among the domestic manufacturers, Reliance industry is largest player with an installed capacity of around 850 KTPA of PVC. As Indian production is unable to satisfy the complete demand for PVC in the country, over 40 per cent of the domestic demand is catered through imports. Thus, there is an excellent potential for new players eyeing to enter the India PVC Market.</p><p> “India PVC market has witnessed tremendous growth in the last few years influenced by sudden surge in demand for pipe grade PVC in agricultural and construction industries. The release of Budget for financial year of FY 20 has increased the number of initiatives for development of efficient facilities for piped water supply and has thus propelled the demand for pipe grade PVC in the domestic market. However, the recent government scheme of self-reliant India which is focused on making India the worldwide manufacturing hub is anticipated to hinder the production of PVC in the initial phase, as the country is largely dependent on imports for the availability of its raw material Vinyl Acetate . At the same time, if executed properly, this reform will highly contribute towards the growth of the chemical industry as it will reduce its dependence on imports, thereby widening the profit margins of the domestic manufacturers. An incredible increase in the demand for PVC to produce flexible packaging for Food and Pharmaceutical has turned out to be a boon for India PVC market in times of plunging demand from several sectors after Coronavirus outbreak. Moreover, manufacturers are optimistic to recover demand from automotive and construction sector on the awaited retrieval of the Indian economy.” 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 High-Density Polyethylene (HDPE) Market to Grow at a CAGR of 7.25% by 2030https://globalriskcommunity.com/profiles/blogs/india-high-density-polyethylene-hdpe-market-to-grow-at-a-cagr-of2020-05-29T13:00:00.000Z2020-05-29T13:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span>According to ChemAnalyst report, “</span><strong>India High Density Polyethylene (HDPE): Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030<span>”,</span></strong> <span>India High Density Polyethylene (HDPE) market is anticipated to grow at a healthy CAGR of <strong>7.25%</strong> during the forecast period due to rising demand for HDPE pipes from the country’s developing agriculture sector further strengthened by Indian government’s initiatives towards adapting sustainable agricultural practices. Moreover, strong demand for HDPE specially formulated Blow Molding grade for manufacturing medical products, amid rising health consciousness will drive the HDPE demand during the forecast period.</span></p><p><strong><span>Browse Complete Report :</span></strong><span> </span> <strong><a href="https://www.chemanalyst.com/industry-report/india-high-density-polyethylene-hdpe-market-73">India High Density Polyethylene (HDPE) Price, News and Analysis</a></strong></p><p><span>HDPE is a relatively stiff polyethylene and possesses useful thermal characteristics with high recycling rate. HDPE containers and woven sacks hold more than 40% share in the domestic high-density polyethylene demand. Due to its desirable properties, HDPE is preferably used for manufacturing cereal box liners, shipping containers, bottles for non-food items, such as shampoo, liquid laundry detergent, household cleaners etc. Increasing demand for liquid detergent and positive transformation in India’s FMCG market is likely to accelerate demand for HDPE containers in the forecast period.</span></p><p><span>Among all other grades, the Blow Molding grade holds the largest market share due to its desirable characteristics such as high tensile strength and temperature resistance. These attributes make Blow Molded HDPE increasingly preferred in manufacturing bottles used in dairy, medical applications, water, and other packaging sectors. HDPE Pipe Grade is potentially the strongest growing grade in the forecast period owing to its remarkable corrosion resistance. Rising applications for Pipe Grade HDPE in agriculture sector for transporting water and developing channels for drainage and irrigation, will drive the HDPE demand in the forecast period. Moreover, government initiatives like Pradhan Mantri Krishi Sinchai Yojana (PMKSY) towards the development of irrigation sources in agricultural fields will augment the growth in demand of Pipe Grade HDPE.</span></p><p><span>Outbreak of novel coronavirus caused indefinite halt in country’s production activities and demand downturn hard hit the overall HDPE prices in the final quarter of FY20. HDPE Blow Molding grade price hovered between $965-$968 per MT while that of Pipe grade remained around $1020 per MT in the final quarter of 2020. However, with ease in lockdown restrictions and hope of quick economic recovery, there has been a quite optimism among the domestic HDPE players. With local manufacturers starting to scale up their plant operating efficiencies from 45 per cent in March to 80 per cent in May, the industry is all set towards recover the incurred losses. In addition, a significant surge in demand for HDPE could be observed after central government procured huge volumes of HDPE bags to combat the shortage of gunny bags to procure and distribute wheat stocks for addressing food security issues amid lockdown.</span></p><p><span>According to ChemAnalyst report, <strong>““India High Density Polyethylene (HDPE): Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> key players operating in</span> High Density Polyethylene (HDPE) <span>market are Haldia Petrochemicals Ltd., ONGC Petro additions Ltd., Reliance Industries Limited, Indian Oil Corporation Limited, GAIL India Limited, HPCL-Mittal Energy Limited, Brahmaputra Cracker and Polymers Limited, etc. Huge capacity expansion plans and technological investments will drive the HDPE market growth in India in the years to come. HPCL-Mittal Energy Ltd (HMEL) received environmental clearance in FY19 for addition of polymer unit at its Guru Gobind Singh refinery and Petrochemical complex. The proposed unit will tentatively complete by April 2021 and would house two LLDPE/HDPE swing plants of capacity 400 KTPA each, a 500 KTPA PP plant, a 450 KTPA HDPE unit and a 55 KTPA butane-1 line. Dow, INEOS, SABIC and LyondellBasell Industries Holdings B.V. are some of the international players operating in the India HDPE market.</span></p><p>“As the government of India is strenuously promoting its “Make in India” strategy, with its keen focus on expansion of sectors like agriculture, MSMEs, healthcare and infrastructure, the demand for several grades of HDPE is likely to grow by leaps and bounds. Under the Union Budget 2020-21, the country’s FMCG sector is expected to achieve tremendous growth in the forecast period which will create a vast growth potential for HDPE Blow Molding grade. Moreover, growing awareness for wellness products and changing lifestyles are the key growth drivers for the consumer goods sector. With stronger expansion of country’s agriculture sector and Indian government’s strenuous efforts to enhance surplus water availability in the agricultural fields by encouraging farmers to make use of advanced irrigation technologies, a strong boost in demand for HDPE pipes is expected. Moreover, domestic refiners actively planning to expand their polyolefins footprints and increasing Foreign Direct Investments (FDI) will drive the growth of HDPE market in the years to come. HDPE being a crucial part of the industrial value chain, indicates a consistent growth potential in the polyethylene industry in the next five 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>India’s Polystyrene Demand is Projected to Achieve a CAGR 5.5% by 2030https://globalriskcommunity.com/profiles/blogs/india-s-polystyrene-demand-is-projected-to-achieve-a-cagr-5-5-by2020-05-26T15:00:00.000Z2020-05-26T15:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>According to ChemAnalyst report, “<strong>India Polystyrene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India’s Polystyrene market is expected to grow at a healthy CAGR of 5.5% during the forecast period due to increasing Polystyrene utilization in food packaging applications and take-away containers backed by country’s strongly growing restaurant food chains and expansion of FMCG sector. Moreover, increasing Indian government initiatives like Make in India scheme and continuous investments in expanding the country’s ACE (Appliances and Consumer Electronics) industry are likely to propel the Polystyrene demand during the forecast period.</p><p><strong>Browse the Complete Report :</strong> <a href="https://www.chemanalyst.com/industry-report/india-polystyrene-market-68"><strong>India Polystyrene (PS) Price</strong></a></p><p>Polystyrene (PS) is a thermoplastic known to possess excellent electrical and mechanical properties. Because of its easy processability, Polystyrene finds varied applications from thin-film packaging to electronic goods. Packaging is one of the key uses of polystyrene which holds a significant share (about 25%) in the country’s overall Polystyrene demand. The report has segmented the India’s Polystyrene market into two types-General-Purpose Polystyrene (GPPS) and High-Impact Polystyrene (HIPS). Both being FDA complaint, are widely used in the food packaging sector. General purpose PS is a low-cost, completely transparent, and rigid Polystyrene, commonly used for manufacturing disposable utensils, cutleries and various other consumer durables. In addition, GPPS which had been traditionally used in CD cases is now being popularly used in manufacturing ubiquitous jewelry boxes and food storage containers. HIPS is more expensive than GPPS and on the other hand, highly impact resistant and not naturally clear or transparent. Due to its easy processability, FDA compliance and matte finish, HIPS is a preferred material for thermoforming and is commonly used in food processing applications such as yogurt cups. Moreover, increasing demand from the refrigerator liner sheets which are commonly formed from HIPS core layer is likely to drive the Polystyrene market during the forecast period.</p><p><strong>Chemical-Pricing: </strong> <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False"><strong>https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</strong></a></p><p>According to ChemAnalyst report, <strong>“India Polystyrene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India’s domestic capacity is sufficient to cater to its Polystyrene demand. However, India imports huge volumes of the feedstock Styrene Monomer from Singapore, U.S., Korea and Taiwan. Domestic players operating in India Polystyrene market are Supreme Petrochem Limited, LG Polymers India Private Limited and INEOS Styrolution India Limited with Supreme Petrochem dominating the market with more than 50 per cent share. BASF, SABIC, Dow Inc., NOVA Chemicals Corporation, Styrochem, Formosa Chemical & Fibre Corp and Kumho Petrochemical are some of the leading international players operating in the India Polystyrene market. With key players planning to expand their installed PS capacities and huge investments in the country’s strongly growing FMCG sector, the demand for Polystyrene is likely to spur in the forecast period.</p><p>However, sudden outbreak of COVID-19 has rendered a significant disruption in the India Polystyrene demand supply patterns, triggered by indefinite halt in manufacturing activities in the several downstream factories. Although Polystyrene demand in Q4 FY20, has witnessed an overall decline, some sectors like food and medical packaging supported in keeping afloat the overall industrial performance to some extent. Moreover, lack of transportation and trade disruptions not only affected the exported cargoes but also pressurized the volumes of Styrene monomer which is majorly imported from Singapore, U.S., Korea and Taiwan. Already threatened by the demand downturn, the domestic PS industry also suffered a major setback after a massive styrene gas leak incident from the Vizag plant of the country’s second largest Polystyrene manufacturer, LG Polymers India. The incident which took place in the month of May in Q1FY21, has left the 118 KTPA PS plant non-operational for indefinite period till further approval by the Indian government, thereby impacting the country’s overall PS production. However, with ease in lockdown restrictions, players are anticipating that massive restaurants would prefer utilizing high quality disposable cutlery and crockery in the wake of maintain social distancing. This is likely to accelerate the demand for Polystyrene in the next three quarters. Moreover, with massive expansion of the food packaging sector on the cards, the PS demand is likely to spur in the forecast period.</p><p>“Indefinite plant turnarounds have rendered a significant fall in the domestic Polystyrene market in Q4 FY20 with significant implications being felt even in the Q1 FY21. Although the PS industry faced demand downturn from other major end users, the packaging sector emerged as a major savior projecting its huge growth potential in the next five years. As India is totally dependent on imports for feedstock Styrene Monomer, weak Styrene due to sudden crash in upstream crude and Benzene values is likely to bring good days to the domestic manufacturers who are constantly finding ways to combat the injury caused to the industry since the onset of the pandemic. Styrene imports had risen by 25% to 852 KT last year, from 679 KT due to growing demand for PS for light packaging applications in sectors like food delivery, e-commerce, and several consumer products. However, the Indian government is planning to impose a 15% “COVID-19” tax on some imported petrochemicals, which if implemented on the Styrene monomer imports, might cause a huge damage to the PS industry. Amid these uncertainties in the global and India Polystyrene market, it has become extremely crucial for the domestic players to efficiently direct their inventories and ensure protection from undue dumping of goods from the international players after trade disruptions ease as economies head towards recovery. It is also crucial for market leaders to trace the movements of their competitors and estimate what impact these changes will have on the country’s domestic business. With downstream FMCG players planning for huge investments in the Indian subcontinent, the demand for Polystyrene will accelerate with a greater pace in the next 2-3 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>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>India’s PET Demand to Outshine and Register a CAGR of 6.75% by 2030https://globalriskcommunity.com/profiles/blogs/india-s-pet-demand-to-outshine-and-register-a-cagr-of-6-75-by2020-05-21T12:30:00.000Z2020-05-21T12:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span>According to ChemAnalyst report, “</span><strong>India Polyethylene Terephthalate (PET) Resin Market: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030</strong><strong>”.</strong> India PET demand is anticipated to grow at a healthy CAGR of over 6.75% in the forecast period highly influenced by the enormous demand for PET packaging bottles in medical and healthcare industry. PET is a thermoplastic resin, belonging to the polyester family, utilizing Mono Ethylene Glycol (MEG) and Purified Terephthalic Acid (PTA) as feedstocks. In India, PET has turned out to be the profound preference in the packaging industry owing to its eco-friendly and recyclable along with the strength it offers. In addition, increasing preference for PET in pharmaceutical industry over aluminum and glass packaging due to the superior hygiene and quality standard is further anticipated to bolster the demand for PET resin in the coming years.</p><p><strong>Browse the Complete Report</strong>: <span><a href="https://www.chemanalyst.com/industry-report/india-polyethylene-terephthalate-pet-market-70"><strong>India Polyethylene Terephthalate (PET) Resin Pricing</strong></a></span></p><p><span>Food and Beverages industry constitutes over 50 per cent of the total demand for PET manufactured in India. As PET is one of the highly recyclable plastic products, government initiatives to push out the use of single-use plastics by 2022 amid concerns of perverse environmental outcomes has indirectly shifted the industries to engage in the use of recyclable plastic such as PET, hence, contributing widely to uptrend its demand.</span></p><p><strong><span>Chemical-Pricing:</span></strong> <span><a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False"><strong>https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</strong></a></span></p><p><span>Outbreak of Coronavirus in Q4 of FY 20 has slowed down the business in various industrial sectors as an outcome of lockdown and other preventive measures imposed by the government to contain the spread of the virus. However, Plastic, Pharmaceutical and Specialty Chemicals are among the few leveraged sectors witnessing an outshine in tough times of the crises. Rising awareness over hygiene and cleanliness has led to increased demand for packaged food and beverages as to avoid any chances of infection by contagion. Moreover, astonishing stress on the expansion of the Indian healthcare sector after Coronavirus Outbreak has also propelled the demand for PET bottles for storage of critical drugs and fluids, owing to the safety offered in handling coupled with its hygienic properties. Although the beginning of the final quarter witnessed a gradual slump in the production of PET due to halt in industrial activities put up in compliance to the preventive measures of Coronavirus. The demand witnessed appreciable recovery after mid-April 2020 affected by the ease in lockdown measures offered by the government in hopes of restoring the persistent sunk in economy. As the country is still struggling to bounce back from the devastating industrial downturn, domestic manufactures of PET are currently operating PET plants at less than 30 per cent efficiency owing to the reduced demand from automotive and electronic industry. However, the dilemma over complete abatement of Coronavirus in the country is likely to boost the demand for PET in the coming years as a result of shift in demand from aluminum and glass to plastic products. Government initiative of self-reliant India is also anticipated to play a major role in bracing the domestic PET market as the manufacturers will not be compelled to mark the prices of the product in line with the import prices in order to avoid material injury.</span></p><p><span>According to ChemAnalyst report, “</span><strong>India Polyethylene Terephthalate (PET) Resin Market: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End Use, Type, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”</strong><strong>.</strong> Major players operating in the India PET market include Reliance Industries Limited, Dhunseri Petrochem & Tea Limited, JBF Industries Limited and Indorama Ventures Public Company Limited. As imports catering to a significant share of the total demand of PET in India, other companies satisfying the demand for PET in the country are , Toray Industries, Jiangsu Sanfangxiang Group, Eastman Chemical Company, Nan Ya Plastic Corporation, SABIC, BASF SE ,Far Eastern New Century Corporation etc. Reliance Industry is the largest domestic player with the maximum installed capacity 1000KTPA for PET production. As India already comprises of abundant installed capacity of PET, there are no proposed plans by any company to further expand the capacity in the next five years. With massive production of PET in India, the country also serves to fulfill the export demand from countries like Algeria, Egypt, Bangladesh, etc. With the current scenario of Coronavirus, domestic manufactures are anticipated to operate over 60% efficiency on negligible import and robust demand from packaging industry in the coming years.</p><p>“The recent initiative of Indian government for self-reliant India, has raised strong concerns over the chemical sector of India as it is highly dependent on imports of various feedstocks from European and Gulf Countries. However, plastic industry is expected to be one the most leveraged industries as majority of its products and feedstock account for appreciable production in the country. As MEG and PTA are produced in abundance within the country, the production of PET in India will not be hindered and will remain out of the risk even in the forecast period. This initiative can be a silver lining for the domestic manufacturers eyeing to widen their profit margins by catering to a high scale demand. As people across the globe are improvising their hygiene practices, they are keener to rely on packaged products to reduce risk of infection. In India, since PET is majorly consumed in the packaging industry, the demand for PET will continue to boom at a significant rate in the next five years .In addition to this, the increasing requirement for PET bottles from pharmaceutical and healthcare industry for storage of drugs and sanitizers is likely to drive the market growth in the forecast period. However, demand from other major industries like electronics and automotive will remain weak on slow economic growth and decline in per capita income of people as companies have been struck by strong financial slump as a ripple effect of Covid-19.” 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>Bulk Chemicals and Fertilizer Industry to Bear Rs. 25000 Crore Losses Due to Lockdown: ChemAnalysthttps://globalriskcommunity.com/profiles/blogs/bulk-chemicals-and-fertilizer-industry-to-bear-rs-25000-crore2020-05-21T08:00:00.000Z2020-05-21T08:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p>Bulk Chemical and Fertilizer industry in India has come under pressure on declining imports and slacked demand as an outcome of stringent measures like lockdown put up by the government to constrain Coronavirus. Production cut and shutdowns have severely throttled the market sentiments for chemicals in India by leading to a major loss in demand from downstream industries. Moreover, supply chain disruption has also hindered the manufacturing of chemicals as the industries are unable to cater the requirements of production. In addition, fertilizer companies like National Fertilizers Limited in India is prominently grappling the heat of lockdown by continuing the operation in such ground-breaking scenarios. Enough demand from agro-chemical industries has kept the stocks stabilized in bulk and fertilizer market of India. With industries resuming production activities on ease in restriction by government, hovering revenue is anticipated to recover well in the coming months. Till date, Indian bulk and fertilizer manufacturing companies have not announced any layoffs or salary cuts.</p><p><strong>Visit more info: <a href="https://www.chemanalyst.com/" target="_blank">ChemAnalyst</a></strong></p><p>India imports a significant volume of bulk chemical and fertilizers, pesticides, fungicides and insecticides from China and Middle East, almost 15 percent of urea demand and about 50 per cent of other pesticides etc. Disruption in Chinese production has given a temporary advantage for the Indian producers to cater to the domestic demand. But with prevailing lockdown restrictions, farmers are forced out of employment and the physical movement of goods and commodities across the country has been crippled. This has caused delays in shipments and failure to deliver products to the downstream plants that have recently started to operate. Prices of commodities like sulphuric acid in the Asia Pacific region have rapidly dwindled as huge inventory build-up as freight movement has been restricted. Moreover, those Indian producers that are running their plants do not have the scale or scope of operation in order to be able to take the advantage of lower feedstock costs. On one hand, supply chain cross-overs have become a major concern for the supply side, most of the producers have resumed operation but with dampened demand in the domestic market, are facing fast depleting cash-reserves with recurring operational expenses and diminished revenue generation. Domestic manufacturers such as Tuticorin Alkali Chemicals and Fertilizers Ltd., Zuari Agro Chemicals Ltd., Coromandel International Limited, Mangalore Chemicals and Fertilizers., DCM Shriram Limited have all resumed operations in the country and are likely to operate at 60 to 70 per cent efficiency to let the domestic market absorb the excess inventory. Although inventory of bulk chemicals & fertilizers has been enough for the crops, but it has severely delayed the rabi harvesting season. If the lockdown is extended there might not be enough cushion to protect against thinning profits. Sourcing and procurement of raw materials has been a pertinent issue and extended lockdown will only aggravate the already affected supply chain. Although the Ministry of Home Affairs has relaxed the lockdown norm for agriculture, fertilizers and goods transportation and has allowed them to resume operation from 20<sup>th</sup> April 2020. The kharif crop sowing season has begun but labour and logistical shortage might affect the overall import of essential agro-chemicals in the first quarter of FY 2021. Shipments of fertilizers such as Diammonium Phosphate (DAP), Ammonia etc. have been booked for May-June deliveries. Domestic market is expected to return to normalcy during Q2 FY2021 when employees can work full-fledgedly and logistics and operations are fully resumed.</p><p><strong>News and Deals: <a href="https://www.chemanalyst.com/NewsAndDeals/NewsHome">https://www.chemanalyst.com/NewsAndDeals/NewsHome</a></strong></p><p>Bulk Chemicals & Fertilizer sector employs about two-third of indirect labour, and they are likely to face the heat of the disrupted market and stringent social-distancing practices. Employment at every level of the supply chain has been under shock. While some manufacturers have resumed operation, but they are trying to de-staff or at least for the time-being do away with the contractual job. Bulk Chemicals & Fertilizers are the next bad-hit sector to Feedstock & Intermediates, in terms of revenue earnings and employment. With no new hiring to be done, the industry is expecting to put up with an overall revenue loss of INR 25000 cr. and a job-cut of 40-50 thousand by number by the end of the financial year.</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>India’s Metallocene LLDPE Demand to Break Records and Register a CAGR of 7.21% by 2030https://globalriskcommunity.com/profiles/blogs/india-s-metallocene-lldpe-demand-to-break-records-and-register-a2020-05-19T16:00:00.000Z2020-05-19T16:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><span><a href="{{#staticFileLink}}8028315471,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028315471,original{{/staticFileLink}}" class="align-left" alt="8028315471?profile=original" /></a></span></p><p><span>According to ChemAnalyst report, “<strong>India mLLDPE Market: Plant Capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, Grade, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong></span> <span>India’s metallocene linear low-density polyethylene (mLLDPE) market is expected to grow at a healthy CAGR of 7.21% during the forecast period on account of increasing utilization of mLLDPE in manufacturing superior quality and high-performance films which makes it a material of choice over other Polyethylene for the downstream packaging applications. Increasing demand for mLLDPE films for diverse packaging applications due to their unmatched characteristics and economic benefits will propel the demand for mLLDPE in the forecast period.</span></p><p><strong><span>Browse Complete Report: <a href="https://www.chemanalyst.com/industry-report/india-mlldpe-market-69">India Metallocene linear low-density polyethylene (mLLDPE) Pricing</a></span></strong></p><p><span>Packaging sector accounts for about 70% share in India’s mLLDPE demand due to its remarkable properties like improved puncture and tear resistance. In addition, outstanding characteristics like high flexibility, lightweight, superior organoleptic properties, and outstanding hot tack and heat seal benefits make mLLDPE films stand at par with other packaging polymers used worldwide. Hence, mLLDPE is being popularly adapted for producing high-performance films applications such as stretch wraps, heavy duty shipping sacks, medical packaging, agricultural, food packaging films and many others. India’s rapidly expanding pharmaceutical sector which has a strong reliance on the packaging industry is likely to accelerate the demand for mLLDPE in the forecast period.</span></p><p><strong><span>Chemical-Pricing: <a href="https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False">https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=False</a></span></strong></p><p><span>Sudden outbreak of COVID-19 rendered an unprecedented downfall in the feedstock ethylene due to crash in upstream crude values giving manufacturers an upper edge. However, demand downturn and trade restrictions pressurized the domestic manufacturers to temporary shut their production units. India’s mLLDPE volumes fell significantly in Q4 FY20 as GAIL had to shut its Pata plant to manage inventory against the evaporating demand due to slump in industrial activities during COVID-19. mLLDPE prices hovered between $1,260-1,280 per tonne CIF India in the fourth quarter of FY20 and are likely to remain pressured till Q2 FY21 due to bearish buying sentiments and wider price gap between C4 LLDPE and C6 mLLDPE in India. However, with recovery in demand the industry is likely to recover the incurred losses and witness remarkable growth in the next couple of years.</span></p><p><span>According to ChemAnalyst report, <strong>“India mLLDPE Market: Plant Capacity, Production, Operating Efficiency, Process, Technology, Demand & Supply, Grade, Application, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> currently GAIL India Ltd. and RIL are the sole producers of mLLDPE in India. The country’s total installed mLLDPE capacity stands at 550 KTPA as of financial year 2020. In FY2019, GAIL (India) Ltd successfully produced Metallocene linear-low density polyethylene (mLLDPE) at its large 400 KTPA UNIPOL PE Reactor line located in Pata, Uttar Pradesh. Moreover, to reduce India’s reliance overall external catalyst suppliers, RIL is continuously working towards development of metallocene catalyst technology to produce mLLDPE resins with desired morphology and molecular weight characteristics through gas phase processes. However, since India still lacks in domestic mLLDPE manufacturing, it imports appreciable volumes of the polymer from international players like ExxonMobil Corporation, The Dow Chemical Company, Braskem, China Petrochemical Corporation (CPC), Mitsui & Co., INEOS, LyondellBasell Industries Holdings B.V. and Nova Chemicals Corporation.</span></p><p>“India’s packaging industry is among the fastest growing industry and is increasingly becoming a preferred hub of huge investments. Currently the 5<sup>th</sup> largest sector of the Indian economy, the packaging sector is predicted to grow at the rate of 18% annually, with annual growth in the flexible packaging sector expected to be 25% and rigid packaging to be 15% during the forecast period. Due to its high heat resistance and excellent mechanical performance, mLLDPE resins offer a high potential in the flexible packaging sector. With up to 25% downgauging opportunities mLLDPE films are highly compliant with the idea of “Circular Economy”, which major economies are striving for. Moreover, increasing penetration of the Government of India towards making India a global manufacturing hub through initiatives like “Make in India” and sector specific initiatives is likely to propel the demand for packaging polymers such as mLLDPE in the next six years. This has made domestic mLLDPE players highly optimistic about the market dynamics and eye on capacity expansions. Moreover, industrialists are keen to invest in the latest mLLDPE production technologies and downstream packaging developments which would create a huge momentum in the mLLDPE demand during the forecast period.” 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 Methyl Ethyl Ketone Market Demand to Grow at a CAGR of 5.1% by 2030https://globalriskcommunity.com/profiles/blogs/india-methyl-ethyl-ketone-market-demand-to-grow-at-a-cagr-of-5-12020-05-18T15:30:00.000Z2020-05-18T15:30:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p></p><p>According to ChemAnalyst report, “<strong>India Methyl Ethyl Ketone Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> India Methyl Ethyl Ketone market is projected to grow at a healthy CAGR of <strong>5.1%</strong> during the forecast period on account of its increasing demand as a solvent in pharmaceutical industry for manufacturing anesthetics, antiseptics, drugs, and lotions backed by growing expenditure on healthcare sector by the Indian government. In addition, growth in MEK consumption from sectors like paints and coatings, aroma chemicals, printing inks, adhesives etc. is likely to propel the country’s MEK demand in the forecast period.</p><p><strong>Browse Complete Report: <a href="https://www.chemanalyst.com/industry-report/india-methyl-ethyl-ketone-comprehensive-techno-commercial-market-2">India Methyl Ethyl Ketone Market</a></strong></p><p>Cetex Petrochemicals Limited is the only producer of MEK in India having installed capacity of 10 KTPA. The company manufactures Methyl Ethyl Ketone (MEK) and its intermediate, Secondary Butyl Alcohol (SBA) through a technology from Edeleanu, Gmbh, at its plant. Due to lack of domestic manufacturing, India’s MEK market is predominantly dependent on cheap imports from several countries. However, increasing government initiatives for the protection of domestic manufacturers from undue MEK dumping have ensured adequate margins to the local players. In its bid to compensate the material injury caused to domestic players, the Indian government imposed anti-dumping duty on MEK imports from China, Taiwan, Japan and South Africa in April 2018, which shall remain intact for a period of three years.</p><p>MEK prices in India spiked appreciably after February 2020, due to imposed restrictions on trade flows to contain the spread of novel coronavirus. India’s MEK spot prices trended up by almost 6 per cent in the last quarter of FY20. Persistent tight supply from other Asian countries rendered a consistent spike in March and April cargoes further hammered by demand slowdown due to plant turnarounds in several downstream industries. During the fourth quarter, downstream MEK buyers preferred to buy the commodity only during need and seemed reluctant to take any risks. Acute volatility in crude oil and its downstream propylene contract values have directly impacted MEK market profitability, as most of the normally used solvents including MEK are downstream results of crude oil.</p><p>Globally, Asia is expected to hold 70% share in the world consumption of MEK, driven by growing paints and coatings sector which consumes the majority of MEK produced globally. Adhesives sector makes up the second-largest share of the world’s MEK market and represents the fastest-growing market in China. Moreover, with major paints and coatings industries coming up with their huge investment plants in India, Asia’s MEK demand is projected to grow by leaps and bounds during the forecast period.</p><p>Geographically, India’s Methyl Ethyl Ketone market has been segmented into North, South, East, and West. According to ChemAnalyst report, “<strong>India Methyl Ethyl Ketone Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> Western Region is expected to witness fastest growth in the overall MEK market owing to large downstream paints and coatings capacities which are expected to turn operational by 2023. Moreover, increase in pharmaceutical investments in the western region of India, while the country is rigorously promoting Make in India scheme will drive the MEK demand during the forecast period.</p><p>“MEK is a petrochemical product and its demand and supply fundamentals are directly proportional to the fluctuations in crude oil. As India’s MEK Demand is predominantly import driven, it becomes extremely crucial for the domestic players to keenly understand the global supply-chains which have got a major blow during the pandemic. Demand for Methyl Ethyl Ketone in India sees seasonal variations and remains seasonally low during the colder winter months, but usually witnesses a bump in the warmer weather when construction activities and repair projects increase. Although, long-term global MEK market seems pressurized due to rising environmental restrictions in several countries due to associated Volatile Organic Carbons (VOCs) emissions, rising demand for derivatives such as SBA and Methyl Iso-Butyl Ketone (MIBK) is likely to support the growth of India’s MEK industry. Moreover, rising investments in the downstream footwears, paints and coatings, printing inks and pharmaceuticals are likely to trigger a strong surge in the demand for Methyl Ethyl Ketone during the forecast period. A thorough understanding of dynamics and developments in downstream industries is an important step for widening the scope of the market when players are eyeing on unprecedented rise in demand levels during the forecast period” 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 Cumene Demand to Reach 9 Million Tonne by 2030https://globalriskcommunity.com/profiles/blogs/global-cumene-demand-to-reach-9-million-tonne-by-20302020-05-13T14:00:00.000Z2020-05-13T14:00:00.000ZChemAnalysthttps://globalriskcommunity.com/members/ChemAnalyst<div><p><a href="{{#staticFileLink}}8028318671,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028318671,original{{/staticFileLink}}" class="align-full" alt="8028318671?profile=original" /></a></p><p>According to ChemAnalyst report, “<strong>Global Cumene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”,</strong> the global Cumene market is projected to grow at a healthy CAGR of <strong>4.03%</strong> during the forecast period on account of robust rise in Cumene demand for manufacturing Phenol and Acetone which can be further processed to produce resins, paints & coatings, plastics or construction materials. Increase in demand for phenol in downstream Bisphenol A (BPA) sector, driven by strong growth in the polycarbonate production across the globe to bolster the demand for Cumene during the forecast period.</p><p><strong>Browse the Complete Report : <a href="https://www.chemanalyst.com/industry-report/cumene-market-55" target="_blank">Cumene News, Demand and Supply</a></strong></p><p>Acetone and Phenol production accounts for about 95% share in the global Cumene demand with Phenol leading the market share. Moreover, exceptionally rising Acetone demand globally for manufacturing Iso Propyl Alcohol (IPA), a key ingredient in alcohol-based hand sanitizers has further contributed to spike in Cumene demand during the current scenario of COVID-19 pandemic. Furthermore, increasing use of solvents in diverse industries such as paints and adhesives, pharmaceuticals and cosmetics will further drive the Cumene demand during the forecast period globally. Other application of Cumene include its potential to be used as a blending component due to its high-octane number.</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 ChemAnalyst report<strong>,</strong> UOP technology is the most sought-after technology for the industrial production of Cumene, with many companies investing in advanced formulations of the traditional technique. Recently, PKN Orlen announced to utilize Honeywell’s UOP Q-Max and Phenol 3G technology for converting Orlen’s benzene and propylene into high-quality Cumene at low benzene-to-propylene ratios using regenerable catalysts. In addition, leading producers like INEOS are investing heavily in future expansion projects to contribute to the global Cumene demand in the forecast period. In 2019, INEOS signed agreement with Evonik Chemiepark, to build a new Cumene unit having capacity of 750KTPA. Major players in the global Cumene market include CEPSA, INEOS Phenol, Sunoco Inc., Georgia Gulf, Flint Hills Resources, Koch Petroleum, Shell Chemical, Mitsui Chemicals, Chang Chun Group, Citgo Petroleum Corporation, Deepak Nitrite Limited etc.</p><p>Global economic slowdown caused due to Covid-19 has strongly impacted Cumene international prices in 2019 causing them to dip sharply. In addition, the ChemAnalyst report analyzes the impact of feedstock benzene and refinery crude propylene (RGP) on Cumene’s pricing trend. Slump in crude values and Cumene feedstocks, have pressurized global Cumene contract prices in Q1 2020. US Cumene prices plummeted by 43% in April 2020, hovering between $380-398/tonne over the previous month. The prices recorded 11 years lows tracing benzene and propylene values, drastically hit due to crude price crash from the ongoing coronavirus crisis. Global Cumene prices are expected to head towards recovery after the feedstock prices match pre-Covid-19 levels with reopening of economies around the world which would eventually push crude prices higher.</p><p>Regionally, the Cumene market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. According to ChemAnalyst report, Asia-Pacific has witnessed a strong boost in Cumene demand over recent years, outpacing slow growth in North American and European markets. Huge investments in construction of bigger phenol and acetone capacities in Asia-Pacific will cause this trend to continue in the future. APAC is expected to account for 42.26% of global Cumene demand by 2020.</p><p>“The global Cumene market is currently surplus in capacity and sluggish demand for its derivatives and weakened upstream values have almost halted the global Cumene production. However, players are optimistic and anticipating huge benefits after the shutdown of Philadelphia Energy Solutions which took place 2019 due to a major fire accident. The refinery's Cumene unit which had a capacity of 612,000 KT made approximately $1 million impact on AdvanSix’s quarterly sales. At the same time, this opened a wider opportunity for its competitors and exporters who are counting on profits as soon as the economies head towards recovery. Major players are currently optimizing the logistics and enhancing the network of Cumene suppliers to recover the losses incurred due to pandemic.” 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>