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Global emulsion polymer market to reach $44.22 bn by 2020
F O C US Global emulsion polymer market to reach $44.22 bn by 2020 The global emulsion polymer market is expected to reach $44.22 bn by 2020, according to a new study by Grand View Research Inc. In volume terms, the global market was 12.11 M tonnes in 2013 and is expected to reach 17.40 M tonnes by 2020, growing at a compound annual growth rate (CAGR) of 5.4% from 2014 to 2020. Acrylics emerged as the leading product segment and accounted for 38.4% of total market volume in 2013. Acrylics are also expected to be the fastest-growing product segment, at an estimated CAGR of 5.7% from 2014 to 2020. The leading application segment for emulsion polymers is paints and coatings, accounting for 32.4% of total market volume in 2013; demand is expected to be primarily driven by growth of the paints and coatings industry mainly in the emerging BRIC economies. Global demand from paper and paperboard coatings is expected to grow at an estimated CAGR of 3.4% to 2020. Asia Pacific dominated the global market in 2013, accounting for 38.8% of total market volume, and is also expected to be the fastest-growing regional market for emulsion polymers at an estimated CAGR of 6.9% from 2014 to 2020 owing to the increasing concentration of paint and coating companies. The European emulsion polymer market is expected to exceed a market value of $10 bn by 2020, growing at an estimated CAGR of 4.2% from 2014 to 2020. Original Source: Grand View Research, 2014. Found on SpecialChem Coatings and Inks Formulation, 23 Jul 2014, (Website: http://www.specialchem4coatings.com)
Sweet orange peel tincture; exemption from the requirement of a tolerance This final ruling of the US Environmental Protection Agency (EPA) establishes an exemption from the requirement of a tolerance for residues of sweet orange peel tincture when used as an inert ingredient not to exceed 10wt% in pesticide formulations for use as a surfactant, fragrance and adjuvant on all pre- and post-harvest food commodities. This regulation eliminates the need to establish a OCTOBER 2014
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maximum permissible level for residues of sweet orange peel tincture. This regulation came into effect on 15 Aug 2014.
TCCA notifications will be accepted by Korean authorities until 31 Oct 2014. In 2015, K-REACH will cover all registrations.
Original Source: Federal Register, 15 Aug 2014, 79 (158), 48090-48094 (Website: http://www.gpo.gov/fdsys)
Original Source: Speciality Chemicals, Aug 2014, 34 (8), (Website: http://www.specchemonline.com) © Quartz Chemicals Ltd 2014
LEGISLATION The best strategy to implement K-REACH In South Korea, the Ministry of the Environment (MOE)’s Act on the Registration and Evaluation of Chemical Substances (K-REACH) will be effective starting 1 Jan 2015. The regulation was created in response to the lack of risk assessment for most existing chemicals used in household products in Korea. Under the new rule, information about the risks and hazards of chemicals must be generated, disclosed and applied by entities that sell, use, import or manufacture chemicals for commercial use in Korea. Reports should be submitted every year. The information will be used as a basis by the MOE on selecting priority assessment chemical (PAC) substances. The PAC list will be released every three years. The MOE will select and publish chemicals to be registered under K-REACH. The first set of about 2500 chosen chemicals subject to registration will be released in Oct 2014. These substances will be granted a threeyear grace period starting on the publication date. Registration is required for polymers. By end-Apr of each year, reports on the use and amount of chemicals must be submitted to the MOE by vendors of both existing chemicals at ≥1 tonne/y and new chemicals irrespective of the tonnage. Submission of registration data can be performed jointly with an assigned lead registrant, or individually depending on costs or the risks of disclosing confidential information. K-REACH allows the use of registration data filed for >15 years without permission from the owner. Foreign entities must assign a MOEcertified only representative (OR) to apply all responsibilities. Before 2015, entities can choose between the existing Toxic Chemical Control Act (TCCA) of 1991 and K-REACH.
COMPANY RESULTS Huntsman sees meaningful improvements across its business as adjusted EBITDA increases in 2Q 2014 Huntsman Corp has reported 2Q 2014 results with revenues of $2.98 bn, up from $2.83 bn in 2Q 2013, and adjusted EBITDA of $363 M, up 19% from $304 M a year earlier. Net income attributable to Huntsman was $119 M compared to $47 M in 2Q 2013. Revenues in Huntsman’s Performance Products division increased to $1.31 bn for 2Q 2014 from $1.25 bn in 2Q 2013 due to higher average selling prices, partially offset by lower sales volumes. Average selling prices increased in response to higher raw materials costs and strong market conditions for amines, maleic anhydride and speciality surfactants, it reports. Sales volumes decreased primarily due to the impact of scheduled maintenance, partially offset by increased sales volumes in amines and maleic anhydride. The increase in adjusted EBITDA was primarily due to higher contribution margins. Original Source: Huntsman, website: http://www.huntsman.com (30 Jul 2014) © Huntsman International LLC 2014
Emerging countries slow down sales growth at Unilever but profits rise strongly Unilever is growing less strongly than in the past. Sales worldwide fell 5.5% to €24.1 bn, largely due to adverse exchange rates and falling sales figures. Sales, adjusted for currency effects, acquisitions and sell-offs, were up 3.7% in 1H, compared with a rise of 5% a year earlier; however, analysts had expected a rise of 3.9%. It is not just in industrial countries where consumers are holding back 5
Sweet orange peel tincture; exemption from the requirement of a tolerance This final ruling of the US Environmental Protection Agency (EPA) establishes an exemption from the requirement of a tolerance for residues of sweet orange peel tincture when used as an inert ingredient not to exceed 10wt% in pesticide formulations for use as a surfactant, fragrance and adjuvant on all pre- and post-harvest food commodities. This regulation eliminates the need to establish a OCTOBER 2014
O N
S U R FA C TA N T S
maximum permissible level for residues of sweet orange peel tincture. This regulation came into effect on 15 Aug 2014.
TCCA notifications will be accepted by Korean authorities until 31 Oct 2014. In 2015, K-REACH will cover all registrations.
Original Source: Federal Register, 15 Aug 2014, 79 (158), 48090-48094 (Website: http://www.gpo.gov/fdsys)
Original Source: Speciality Chemicals, Aug 2014, 34 (8), (Website: http://www.specchemonline.com) © Quartz Chemicals Ltd 2014
LEGISLATION The best strategy to implement K-REACH In South Korea, the Ministry of the Environment (MOE)’s Act on the Registration and Evaluation of Chemical Substances (K-REACH) will be effective starting 1 Jan 2015. The regulation was created in response to the lack of risk assessment for most existing chemicals used in household products in Korea. Under the new rule, information about the risks and hazards of chemicals must be generated, disclosed and applied by entities that sell, use, import or manufacture chemicals for commercial use in Korea. Reports should be submitted every year. The information will be used as a basis by the MOE on selecting priority assessment chemical (PAC) substances. The PAC list will be released every three years. The MOE will select and publish chemicals to be registered under K-REACH. The first set of about 2500 chosen chemicals subject to registration will be released in Oct 2014. These substances will be granted a threeyear grace period starting on the publication date. Registration is required for polymers. By end-Apr of each year, reports on the use and amount of chemicals must be submitted to the MOE by vendors of both existing chemicals at ≥1 tonne/y and new chemicals irrespective of the tonnage. Submission of registration data can be performed jointly with an assigned lead registrant, or individually depending on costs or the risks of disclosing confidential information. K-REACH allows the use of registration data filed for >15 years without permission from the owner. Foreign entities must assign a MOEcertified only representative (OR) to apply all responsibilities. Before 2015, entities can choose between the existing Toxic Chemical Control Act (TCCA) of 1991 and K-REACH.
COMPANY RESULTS Huntsman sees meaningful improvements across its business as adjusted EBITDA increases in 2Q 2014 Huntsman Corp has reported 2Q 2014 results with revenues of $2.98 bn, up from $2.83 bn in 2Q 2013, and adjusted EBITDA of $363 M, up 19% from $304 M a year earlier. Net income attributable to Huntsman was $119 M compared to $47 M in 2Q 2013. Revenues in Huntsman’s Performance Products division increased to $1.31 bn for 2Q 2014 from $1.25 bn in 2Q 2013 due to higher average selling prices, partially offset by lower sales volumes. Average selling prices increased in response to higher raw materials costs and strong market conditions for amines, maleic anhydride and speciality surfactants, it reports. Sales volumes decreased primarily due to the impact of scheduled maintenance, partially offset by increased sales volumes in amines and maleic anhydride. The increase in adjusted EBITDA was primarily due to higher contribution margins. Original Source: Huntsman, website: http://www.huntsman.com (30 Jul 2014) © Huntsman International LLC 2014
Emerging countries slow down sales growth at Unilever but profits rise strongly Unilever is growing less strongly than in the past. Sales worldwide fell 5.5% to €24.1 bn, largely due to adverse exchange rates and falling sales figures. Sales, adjusted for currency effects, acquisitions and sell-offs, were up 3.7% in 1H, compared with a rise of 5% a year earlier; however, analysts had expected a rise of 3.9%. It is not just in industrial countries where consumers are holding back 5