Government of India has extended anti-dumping duty on imports of Caustic Soda from China and Korea till November this year.The decision has been taken after the suggested recommendations of commerce ministry’s investigation body Directorate General of Trade Remedies (DGTR), in its efforts to safeguard the domestic industry from the cheap chemical imports from China and Korea.The duty was initially implemented in 2012 on a different group of countries to prevent material injury from undue dumping of Caustic from foreign players.The duty was then imposed on August 18, 2015 on material coming from the People’s Republic of China and Korea RP for a period of five years.The move has been taken after India’s focus towards boycotting Chinese products amplified post the India-China border face-off in Galwan.The duty shall remain in force till 17th November, 2020 unless revoked before time.Domestic Chlor-Alkali industry is thriving to bounce back after witnessing a slump due to fall in demand from several downstream sectors amid the pandemic.
Price of Nitrile Butadiene Rubber (NBR) in India jumped in the month of August tracing the feedstock Butadiene (BD) and strengthening demand from the agricultural sector.Sources attributed that NBR prices seem to fetch support from the agricultural rice roller sector in India, while demand from the automotive sector has remained muted for more than a quarter due to unprecedented slump in the market dynamics since the outbreak of COVID-19.The market sentiments rose few weeks after the Indian authorities initiated an anti-dumping probe into NBR imports from China, the European Union, Japan and Russia.India’s local NBR producer, Apcotex, which holds 16,000 tpy NBR capacity, had called out the concerned authorities for investigating into the material injury that excessive imports are causing to the domestic producers.Players turned optimistic after the Ministry of Commerce and Industry issued a notification regarding initiation of probe on 26 May with anticipations of quick action to support the battered economy.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/nbr-sentiments-surge-in-india-demand-rise-and-feedstock-lend-support-to-the-pricing-curve-1319NBR finds wide range of applications in oil seals, gaskets, hoses, and transmission belts in the automotive industry as well as machineries in the agricultural sector.While India’s NBR demand stands nearly at 60KTPA, the domestic production is not sufficient to cater to the entire demand without its reliance on imported volumes.
With an aim to expand its foothold in the international market, Royal Dutch Shell, a multinational petrochemical company with headquarters in Netherlands is planning to invest in 50 per cent Stake of India’s Nayara Energy Petrochemical Project worth 9 Billion USD.Memorandum of understanding between the two companies was signed in early June as discussed by the board of directors in November and December of last year.Nayara Energy is looking forward to establishing a full stream Ethylene cracker unit with a capacity of around 1.8 MPTA followed by several downstream facilities.The project is anticipated to cost around 8-9 Billion USD and will be built at Vadinar, Gujarat.Get more info : https://www.chemanalyst.com/NewsAndDeals/DealsDetails/shell-to-acquire-50-per-cent-stake-in-nayara-energys-petrochemical-project-worth-9-billion-usd-59 As per Nayara’s proposal to environmental ministry, the project also includes an aromatic complex with a capacity to produce 10.75 million tonnes petrochemical commodities.However, presently both the companies are constraining to further comment on it.Alongside, Nayara Energy has proposed the expansion of its Vadinar refinery from a current capacity of 400000 bpd to 920000 bpd.
SRF Ltd., a multi-business entity engaged into manufacturing of Fluorochemicals, specialty chemicals, textiles and packaging films, has recently reported an impressive June quarter.Despite a significant slump in its Fluorochemicals and Tyre Cord fabric sales due to limited buying from the automotive sector, the shares of the company rose by 20% within the year, reporting a 52-weeks hike on Tuesday.The shares soared soon after the company got approval for setting up a Chloromethanes facility in Gujarat at an investment of INR 315 crores.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/srf-ltd-soars-despite-pandemic-blows-thanks-to-the-chemicals-and-packaging-films-sector-1313SRF also commissioned a new specialty chemicals unit in Gujarat this week and has recently expanded its packaging films capacity in Europe.About the June quarter, although the company’s revenue dropped by 12.4% as compared to the previous year’s, the strongly performing chemicals division helped it to grow its operating profit by 6.3%.Revenue from the division registered a growth of 16.9% in Q1FY21.SRF is also looking forward to double its chemicals manufacturing capacity by January-end 2022.
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.Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/surge-in-urea-shipments-to-india-drives-the-global-demand-turns-market-outlook-positive-1309India 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.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.About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.
Domestic manufacturers of Polyethylene Terephthalate (PET) Resin have filed an application for imposition of Anti-Dumping Duty on cheaper imports from China.PET Resin being a widely used engineered thermoplastic across automotive, packaging, textile industries etc., has seen a surge in imports in the last quarter.Imports have steadily increased for the third consecutive month for the Q1 FY 2020, recovering from the sudden crash following COVID-19 outbreak.However, dumping from China has been a persistent problem for domestic players since April 2018.Domestic manufacturers, mainly Reliance Industries Limited (RIL) and IVL Dhunseri Petrochem Industries Private Limited filed the application citing injury to the domestic industry from alleged dumping.Imports from Thailand, Indonesia, Malaysia and other Middle Eastern countries are insignificant as compared to imports from China as stated by the Directorate General of Trade Remedies (DGTR) and that a provisional duty imposition should be in place to minimise dumping and protect the interest of the domestic players.
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.Get more info: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/indias-ipa-and-m-xylene-maintain-price-hikes-buoyed-by-prevailing-market-uncertaintiesties-1304Isopropyl alcohol (IPA) prices remained on the upper edge, although somewhat flatter since last two weeks, hovering around $1266/mt in the week ending 7th 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.Chemical Pricing : https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=FalseWhile 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.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.About UsChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry.
According to ChemAnalyst report, “India Ethylene 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 Ethylene market is anticipated to grow at a healthy CAGR of 5.45% during the forecast period on account of robust rise in its consumption for producing Polyethylene (PE) which finds key usage in the country’s ever growing packaging sector, backed by government’s leading role in expansion of the country’s petrochemicals sector.Browse Complete Report : India Ethylene Price Polyethylene production holds about 60% share in India’s overall Ethylene demand.and many other downstream chemicals.With government’s keen focus on the country’s urbanization and infrastructure development, the demand for building and construction plastics, another major end-use segment of Ethylene, is set to take a strong leap in the near future.During Q4 2020, the Indian chemical and petrochemical industry witnessed an unprecedented demand downfall due to coronavirus related restrictions which disrupted logistics and industrial operations across the nation.Several Ethylene producers like state-owned Indian Oil Corporation and private-sector Haldia Petrochemicals also shut their crackers in Panipat, Paradip and Haldia due to strict lockdowns imposed in the month of March and April.Also, Ethylene players are evaluating opportunities within the crisis such as importing cheap crude oil and diversifying their petrochemical portfolio, sensing market optimism due to government’s keen focus on its Make in India Scheme.According to ChemAnalyst report, “India Ethylene Oxide Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, the domestic players operating in India Ethylene market are Reliance Industries Limited, Indian Oil Corporation Limited, GAIL (India) Limited, ONGC Petro Additions Limited, Haldia Petrochemicals Limited.
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 construction sector due to rapid urbanization supported by factors like the Indian government’s Smart City Mission.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.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.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.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”, 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.
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 soluble in water and other organic solvents.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.Browse Complete Report : Pyridine Prices, Demand & Supply Pyridine is actively utilized as a starting ingredient in synthesis of around 20% of the top 200 drugs manufactured in pharmaceutical industry.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.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.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.
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.Browse Complete Report : India Naphtha Pricing, Demand & Supply Naphtha is a highly flammable, light derivative of crude oil obtained through processes like fractional distillation, coal-tar boiling and others.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.However, the recent outbreak of novel Coronavirus led to an unprecedented fall in the India Naphtha demand.India’s fuel demand fell by 46 per cent in April 2020 on y-o-y basis.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.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 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).
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.Browse Complete Report : India Polyamide PriceUnion 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.Demand for Polyamide has faced serious repercussions after the onset of Coronavirus in the final quarter of FY 20.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.
According to ChemAnalyst report, “Global Propylene Glycol Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Grade, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Propylene Glycol market is anticipated to achieve a healthy CAGR of 5.36% during the forecast period.Increasing demand for Propylene Glycol in food and pharmaceutical industries backed by increasing production of unsaturated polyester resins (UPRs), whose demand is greatly driven by growth in construction, transportation, and marine industries will boost the Propylene glycol demand over the forecast period.Browse Complete Report : Propylene Glycol (PG) PricesPropylene Glycol is commercially produced by the hydration of Propylene Oxide (PO) under high pressure and high temperature conditions.The synthesis leads a mixture of mono, di/tri-propylene glycol as well as small quantities of higher glycols which are further separated through high vacuum distillation.It is also used as a solvent in several pharma products and cosmetics such as sunscreen lotion, shampoos, shaving etc.Food, Pharmaceuticals and cosmetics follow the UPR demand further driven by rising middle class population and expansion of the global pharmaceutical sector.Several Chinese PG production plants lowered their production run rates by 25% to 30% to manage their balance sheets.
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.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.Browse Complete Report : Wastewater Treatment Chemicals Market in IndiaWater 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.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.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.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.
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 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.Browse Complete Report : Liquified Petroleum Gas (LPG) Pricing LPG is produced as a co-product in the process of crude oil refining.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.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.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.
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.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.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.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.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.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”, 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.
According to ChemAnalyst report,” India Polybutylene Terephthalate (PBT) Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.” The demand for Polybutylene Terephthalate (PBT) in India is anticipated to grow at a healthy CAGR of around 5.25% in the forecast period on rising stress over making India a manufacturing hub to promote the domestic economy, thereby, leading to an enhanced consumption of PBT in electrical and electronic industries for production of finished goods.The commercial preparation of PBT accounts for the synthesis of 1,4 Butanediol (BDO), Dimethyl Terephthalate (DMT) and Purified Terephthalic Acid (PTA).The product offers a valuable combination of technical properties with good processability, good economics and an incredible resistance to heat, chemicals and creep.Bharat VI emission norm demanding the production of BS VI fuel compatible vehicles by April 1 2020 led to an appreciable recovery in the demand for PBT in the past few years owing to its high usage in production of various automotive parts as it offers high heat resistance and good processability.Sudden Outbreak of Coronavirus in the final quarter of 2020 has caused an astonishing slump in the demand for ABS from automotive industry as several manufacturing industries induced halt in their production activities in response to the lockdown put up by the government to contain the spread of Coronavirus.Hence, resulting a devastating decline in revenues from dive in sales of major companies at the back of severe economic crises.Increasing demand for PBT for extrusion applications owing to its efficient properties as a thermoplastic, highlights potential growth in demand for PBT in the coming years.According to ChemAnalyst report,” India Polybutylene Terephthalate (PBT) Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.” In India, Toray Industries Private Limited is the only industry engaged in the manufacturing of PBR resin.
According to ChemAnalyst report, “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”, 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.Browse Complete Report : India Titanium Dioxide PricingTitanium Dioxide (TiO2) is a white pigment possessing unique combination of desirable properties such as high refractive index, low specific gravity, opacity and non-toxicity.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.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.Titanium dioxide (TiO2) is extracted from the mineral ilmenite, which is found in the metamorphic, plutonic igneous rocks and beach sands of India.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.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.According to ChemAnalyst report, “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”, 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.
According to ChemAnalyst report, “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”, India Ethanol market grew at a CAGR of around 12.50% during 2015-2019 and is projected to grow aggressively during the forecast period.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.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.can also act as ethanol sources, while synthetic ethanol’s primary feedstock is ethylene.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.
According to ChemAnalyst report,” India Ethylene Vinyl Acetate (EVA) Market: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030.” India’s Ethylene Vinyl Acetate (EVA) market is anticipated to grow at a healthy CAGR of 5.25% during the forecast period on account of consistent rise in demand for manufacturing of solar panels impacted by increasing number of initiatives to promote utilization of renewable energy in India.This initiative has further enhanced the consumption of EVA resin to produce EVA sheets in India that are highly utilized in electrical and electronics industry.Chemical-Pricing: https://www.chemanalyst.com/ChemicalPricing/ChecmPriceYearlyChart?Customer=FalseIn quarter four of 2020, the astonishing outbreak of Coronavirus lingered the market sentiments of majority of products in chemical and petrochemical industry as a result of the halt in production taken up by industries in response to the lockdown imposed by the government to combat to the novel Coronavirus.Despite of downfall in some segments, the overall demand for EVA is perceived to grow at a healthy rate on accelerating demand for the product from electrical and electronics followed by packaging industry.This segment is likely to provide the potential push to the EVA demand in the next five years on persisting dilemma over the abatement of virus without proper vaccination.Owing to the limited production of EVA in the domestic market, majority of the demand in India is catered through imports.Hence, the market prompts immense opportunities for new manufacturers on account of consistent surge in demand and low supply from the domestic production base.