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.
BDO and its derivatives are widely utilized to produce polyurethanes, eng
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.
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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.
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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.
India state procurement agencies have
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 ind
According to ChemAnalyst report, “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”, 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 construc
According to ChemAnalyst report,” 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” 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 so
According to ChemAnalyst report, “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”, 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 ole
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 availabili
According to ChemAnalyst report, “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”, 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 creat
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”. 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 electr
According to ChemAnalyst report, “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”, 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
According to ChemAnalyst report, “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”, 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 gr
According to ChemAnalyst report, “India Polycarbonate Market: Demand & Supply, End Use, Type, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”. 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
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
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