Resin capsules market worth $1.2 bn by 2022

Resin capsules market worth $1.2 bn by 2022

FOCUS [2] C. Frilund, “CO2 hydrogenation to methanol,” VTT Technical Research Center of Finland Ltd., 20 OCT 2015 (Website: http://www.neocarbonenergy...

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FOCUS [2] C. Frilund, “CO2 hydrogenation to methanol,” VTT Technical Research Center of Finland Ltd., 20 OCT 2015 (Website: http://www.neocarbonenergy.fi/ wp-content/uploads/2016/02/11_Frilund.pdf) ã Neo Carbon Energy, 2016. [3] Carbon Recycling International Press Release, 14 FEB 2016, Worlds Largest CO2 Methanol Plant, (Website: http://carbonrecycling.is/george-olah/ 2016/2/14/worlds-largest-co2-methanol-plant) ã Carbon Recycling International, 2016. [4] C. Bohme, “Researchers want to produce formaldehyde from CO2,” BASF, 26 SEP 2016 (Website: https://www.basf.com/en/company/ news-and-media/news-releases/2016/09/p-16-312. html) ã BASF, 2016.

MARKETS AND BUSINESS Refinery catalyst market worth $7.98 bn by 2022 According to a new market research report “Refinery Catalyst Market by Type (FCC Catalysts, Hydrotreating Catalysts, Hydrocracking Catalysts, and Catalytic Reforming Catalysts), Ingredient (Zeolites, Metals, and Chemical Compounds), and Region - Global Forecast to 2022” published by MarketsandMarkets, the market is estimated to be $6.81 bn in 2017 and is projected to reach $7.98 bn by 2022, at a CAGR of 3.2% from 2017 to 2022. This growth can be attributed to the increased demand for refined products as well as octane rated products. In addition, the rising demand for transportation fuels is further anticipated to boost the consumption of refinery catalysts. Original Source: MarketsandMarkets, 2017. Found on PR Newswire, 4 Sep 2017, (Website: http:// www.prnewswire.com).

Graphene market to reach $200 M by 2024 Increasing product use in automotive & aerospace industries will boost the graphene market development throughout the forecast timeframe. The rising demand for light-weight and energy-efficient vehicles will fuel the industry in coming years as graphene can be used to manufacture fibre reinforced laminates that can act as a substitute for conventional automotive component materials. The number of large commercial aircraft is expected to rise from 1430 units in 2016 to more than 1680 units in 2024. This will influence the graphene market positively throughout the forecast timeframe. Graphene oxide is a key product segment in the graphene market which will account for around 40% of the total industry revenue share in 2024. The segment will grow at a CAGR of 35% in the forecast owing to its extensive usage in electronic equipment, biotechnology, as a surfactant and in catalytic oxidation. Due to a single-atomic layer structure, graphene oxide is used as electrode material for batteries, capacitors, and solar cells. This will boost the segment demand in the electronics and power sector and will boost

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the graphene market growth in the forecast period. Aerospace & defense is an important end-user which will hold around 15% of the total industry revenue share in 2024. The segment will gain by around 35% CAGR in the forecast spell owing to increasing product use in the manufacture of aircraft components. Healthcare segment is also a significant enduser and will generate revenue above $20 M by 2024. Growing product demand for manufacturing biosensors, drug delivery systems, tissue engineering, and cancer treatment will fuel this segment’s growth in coming years. Original Source: Global Market Insights, 2017. Found on SpecialChem Plastics and Elastomers Formulation, 10 Aug 2017, (Website: http://www. specialchem4polymers.com).

Mergers & Acquisitions (M&A) to persist despite 2Q 2017 blip Chemical transactions have dropped in 2Q 2017, and the slowdown demonstrates a problem in the wave of mergers and acquisitions (M&A). According to the consultancy PwC, 2Q 2017 transactions dropped both in value and in terms of the number of agreements disclosed. Corporations declared 30 transactions in 2Q 2017 valued at a total of $20 bn, a decrease from 42 agreements declared in 2Q 2016 valued at $71 bn. The drop partially mirrors some bigdollar agreements that were disclosed in 2016, including Bayer’s offer to buy Monsanto. Others are BASF’s $3.2 bn offer to purchase Chemetall from Albemarle and Evonik’s $3.8 bn offer to acquire Air Products’ Specialty & Coatings segment. The number of transactions actually increased 15% quarter on quarter from 26 in 1Q 2017. The worth increased by 33% from $15 bn in 1Q 2017. The mean size of a transactions was $679 M, up from $582 M in 1Q 2016 and down from $1.68 bn from 2Q 2016. The biggest declared deal in 2Q 2017 was the $10.4 bn equal amalgamation between Switzerland-based Clariant and US-based Huntsman. It was included in the three mega transactions declared in 2Q 2017, each of which was valued at least $1 bn. The other mega transactions include NOVA Chemicals’ $2.1 bn purchase of Williams’s major share in its Geismar cracker. Gaoqiao Petrochemical will buy the 50% stake of British Petroleum (BP) in the Shanghai SECCO Petrochemical Company for $1.68 bn. Speciality chemicals was the most active among the key chemical segments, representing for 78% of deal value and 48% of transaction in 2Q 2017. Financial investors represented 27% of total deal volume in 2Q 2017. Asia and Oceania was the most active by region, representing 43% of deal volume, while Europe represented 56% of deal value. Original Source: ICIS Chemical Business, 11-17 Aug 2017, 292 (4), 24 (Website: http://www.icis. com) ã Reed Business Information Limited 2017.

Petrochemical companies post mixed results in 2Q 2017 Petrochemical companies reported contrasting financial results in 2Q 2017. German firm BASF posted an earnings before interest and tax

(EBIT) before special items of EUR 1.12 M in 2Q 2017 versus EUR 458 M in the year-ago period. Volumes in its intermediates, monomers and petrochemicals businesses fell by 1% but values soared by 25%. The company indicated that higher raw material costs and strong market demand resulted in price hikes for cracker products. BASF is still operating several plants at its manufacturing site in Ludwigshafen at reduced rates because of scarcity in propylene after the Oct 2016 fire and explosion in the North Harbour part. Separately, ExxonMobil’s chemicals segment posted a 19% decline in earnings for 2Q 2017. Output was adversely affected by turnarounds, mostly beyond the US. In contrast, Dow Chemical performed well in 2Q 2017, with its crackers operating slowly and its recent Texas-nine project in the US nearing start-up. Similarly, Total’s petrochemical margins remained healthy in 2Q 2017. Meanwhile, LyondellBasell stated that polyolefins and olefins situations stayed favourable in Jul 2017, even if over 25% of the first spate of fresh ethylene capacity in the US has already entered the market. The company’s European business reported good results as it took advantage of cheaper feedstocsks. LyondellBasell’s ethylene output rose by 15%, while ethylene derivatives output soared by 5% in 1H 2017. The increases were attributed to higher utilization across the company’s international operations. For Shell, better operating performance and 92% plant availability helped push up its chemicals volume in 2Q 2017. Shell registered $248 M of chemicals earnings in 2Q 2017, while earnings increased to $3.8 bn for the entire company in 1Q 2017. Original Source: ICIS Chemical Business, 11-17 Aug 2017, 292 (4), 25 (Website: http://www.icis. com) ã Reed Business Information Limited 2017.

Agricultural enzymes market size worth $671.4 M by 2025 The global agricultural enzymes market is expected to reach $671.4 M by 2025, according to a new report by Grand View Research Inc. The increase in the consumption of organic food has been a major driving factor for the global industry growth. In addition, the rising usage of bio-products in the agricultural industry is also anticipated to be a major boost for the market. Original Source: Grand View Research Inc, 2017. Found on PR Newswire, 16 Aug 2017, (Website: http://www.prnewswire.com).

Resin capsules market worth $1.2 bn by 2022 According to the report “Resin Capsules Market by Catalyst Type (Organic Peroxides, Oilbased, and Water-based), Resin Type (Polyester, Epoxy, and Acrylic), End-Use Industry (Mining, Construction, and Manufacturing), and Region - Global Forecast to 2022”, published by MarketsandMarkets, the market is projected to grow from $972.8 M in 2016 to $1256.2 M by 2022, with a CAGR of 4.46%, from 2017 to 2022. Original Source: MarketsandMarkets, 2017. Found on PR Newswire, 7 Aug 2017, (Website: http:// www.prnewswire.com).

October 2017