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Growth forecast for US speciality oleochemicals market
FOCUS is confident that the business is 'poised for recovery' in 2017. Henkel's 2016 sales total of €18.7 bn included €3.8 bn from Beauty Care and €5.8 bn (+12.8%) from Laundry & Home Care, the latter driven by the acquisition of Sun Products last year. Adjusted operating profit (EBIT) improved by 8.5% to €3.17 bn while reported net income rose 6.9% to €2.05 bn. Adjusted EBIT increased by 6.1% for Beauty Care to €647 M and by 13.7% to €1 bn for Laundry & Home Care. Caroline Edser
RAW MATERIALS Palm output seen rebounding in 2017 as Malaysia increases CPO export duty Indonesia's palm oil production may recover to 35.5 M tonnes in 2017 after dropping 3% to 31.5 M tonnes in 2016 due to the delayed effect of El Nino, according to the Indonesian Palm Oil Association's secretary-general. The 2016 output decline is the country's first since the 1997–1998 crop season. Palm oil prices increased by 25% in 2016 due to reduced production and low inventories. High rainfall in 2016 may boost production in 2017, with overall output, including palm kernel oil, expected to reach 38.7 M tonnes. In Malaysia, crude palm oil (CPO) output may rise by 5–10% in 2017, with exports also projected to grow on the better economic outlook, according to Affin Hwang Capital Research. The Malaysian Royal Customs Department announced that CPO export duty would be raised to 8% in Mar 2017 from 7.5% in Feb 2017. The CPO reference price for Mar 2017 is Ringgit 3337.30 (c €704) per tonne, of which the export duty will be Ringgit 266.98/tonne. In Feb, the reference price was Ringgit 3279.76/ tonne. This decision is mandated under the Customs (Values) (Palm Oil) Order 2013 that took effect starting Jan 2017. Under the Act, an 8% export duty will be introduced if CPO prices range at Ringgit 3301–3450/tonne. Original Source: The Star, 1, 3 & 17 Feb 2017, (Website: http://thestar.com.my) © Star Publications (M) Bhd 2017
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Growth forecast for US speciality oleochemicals market The US speciality oleochemicals market is expected to reach $3.08 bn by 2025, according to a new report by Grand View Research. The US speciality oleochemical derivatives demand was 1,097,000 tonnes in 2015 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% over the forecast period. The alkoxylates product market accounted for >14% of the total revenue in 2015. Fatty amines market volume was estimated to be >135,000 tonnes and is forecast to grow at a CAGR of 4.2% from 2016 to 2025. Of the end-use application areas for speciality oleochemicals, the personal care & cosmetics sector is estimated to witness the highest growth at a CAGR of >5% from 2016 to 2025. Major oleochemical derivatives used in food processing include glycerol esters, alcohol ethoxylates, sucrose esters and sulfates, and this sector is anticipated to account for >14% of total volume by 2025. The industrial segment is estimated to be the leading application segment and accounted for 21.2% of the total volume in 2015. Healthcare and pharmaceutical applications are anticipated to reach a combined value of $229 M by 2025. The key players in the US speciality oleochemicals derivatives market include Vantage Specialty Chemicals, Emery Oleochemicals, Evonik, Wilmar, Inolex and Kao Chemicals. Original Source: Grand View Research, 2017. Found on SpecialChem Plastics and Elastomers Formulation, 22 Feb 2017, (Website: http://www.specialchem4polymers. com)
SURFACTANTS Steady shift to bio-based surfactants to hinder growth of global sulfosuccinate market A new report from Transparency Market Research (TMR), titled 'Sulfosuccinate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023', predicts that the global sulfosuccinate market will exhibit a compound annual growth rate (CAGR) of 5.3% between 2013 and 2023. At this pace, the market, which in 2013 stood at
$271.5 M, is expected to reach $446.2 M by the end of 2023. By application, the household detergents and cleaners segment dominated with a share of 40% in 2014. Regionally, Europe led the global market in 2014 with a share of 35% in terms of volume, with significant gains from the rapid expansion of the laundry sector in the region. However, over the course of the forecast period, the regional market in Asia Pacific is expected to experience a higher growth rate. As per TMR, the demand for sulfosuccinates will be highest in India, Thailand, China, South Korea and Indonesia. In North America, the market will witness a below-average growth rate during the forecast period. In Latin America, the demand from Brazil will fuel growth. Due to the increasing disposable income of consumers and urbanization witnessed over the past few years, the market in the Middle East and Africa will offer more attractive opportunities. Saudi Arabia and Egypt are the largest markets for sulfosuccinates in the region. Sulfosuccinates are witnessing strong demand mainly due to their application across diverse industries. They have been extensively employed in the manufacture of personal care products and this trend is forecast to continue. One of their most common uses is in the production of mild baby shampoos. In addition to personal care and cleaning formulations, which are expected to be the chief drivers of market growth, sulfosuccinates also find application in the leather, textiles, polymers, printing, agriculture, and paints and coatings industries. Enhanced oil recovery operations will also continue to create opportunities for the sulfosuccinates market, TMR finds. However, the gradual shift towards biobased surfactants will create major hurdles for the sulfosuccinates market in the near future, TMR suggests. While recent environmental regulations will boost the use of the former, stringent norms citing the adverse impacts of sulfosuccinates could negatively affect their demand in the future. Original Source: Transparency Market Research, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 15 Feb 2017, (Website: http://www. specialchem4cosmetics.com)
Asia chemical profile: ethoxylates The various uses and applications of fatty alcohol ethoxylates (FAE) are April 2017
RAW MATERIALS Palm output seen rebounding in 2017 as Malaysia increases CPO export duty Indonesia's palm oil production may recover to 35.5 M tonnes in 2017 after dropping 3% to 31.5 M tonnes in 2016 due to the delayed effect of El Nino, according to the Indonesian Palm Oil Association's secretary-general. The 2016 output decline is the country's first since the 1997–1998 crop season. Palm oil prices increased by 25% in 2016 due to reduced production and low inventories. High rainfall in 2016 may boost production in 2017, with overall output, including palm kernel oil, expected to reach 38.7 M tonnes. In Malaysia, crude palm oil (CPO) output may rise by 5–10% in 2017, with exports also projected to grow on the better economic outlook, according to Affin Hwang Capital Research. The Malaysian Royal Customs Department announced that CPO export duty would be raised to 8% in Mar 2017 from 7.5% in Feb 2017. The CPO reference price for Mar 2017 is Ringgit 3337.30 (c €704) per tonne, of which the export duty will be Ringgit 266.98/tonne. In Feb, the reference price was Ringgit 3279.76/ tonne. This decision is mandated under the Customs (Values) (Palm Oil) Order 2013 that took effect starting Jan 2017. Under the Act, an 8% export duty will be introduced if CPO prices range at Ringgit 3301–3450/tonne. Original Source: The Star, 1, 3 & 17 Feb 2017, (Website: http://thestar.com.my) © Star Publications (M) Bhd 2017
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Growth forecast for US speciality oleochemicals market The US speciality oleochemicals market is expected to reach $3.08 bn by 2025, according to a new report by Grand View Research. The US speciality oleochemical derivatives demand was 1,097,000 tonnes in 2015 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% over the forecast period. The alkoxylates product market accounted for >14% of the total revenue in 2015. Fatty amines market volume was estimated to be >135,000 tonnes and is forecast to grow at a CAGR of 4.2% from 2016 to 2025. Of the end-use application areas for speciality oleochemicals, the personal care & cosmetics sector is estimated to witness the highest growth at a CAGR of >5% from 2016 to 2025. Major oleochemical derivatives used in food processing include glycerol esters, alcohol ethoxylates, sucrose esters and sulfates, and this sector is anticipated to account for >14% of total volume by 2025. The industrial segment is estimated to be the leading application segment and accounted for 21.2% of the total volume in 2015. Healthcare and pharmaceutical applications are anticipated to reach a combined value of $229 M by 2025. The key players in the US speciality oleochemicals derivatives market include Vantage Specialty Chemicals, Emery Oleochemicals, Evonik, Wilmar, Inolex and Kao Chemicals. Original Source: Grand View Research, 2017. Found on SpecialChem Plastics and Elastomers Formulation, 22 Feb 2017, (Website: http://www.specialchem4polymers. com)
SURFACTANTS Steady shift to bio-based surfactants to hinder growth of global sulfosuccinate market A new report from Transparency Market Research (TMR), titled 'Sulfosuccinate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023', predicts that the global sulfosuccinate market will exhibit a compound annual growth rate (CAGR) of 5.3% between 2013 and 2023. At this pace, the market, which in 2013 stood at
$271.5 M, is expected to reach $446.2 M by the end of 2023. By application, the household detergents and cleaners segment dominated with a share of 40% in 2014. Regionally, Europe led the global market in 2014 with a share of 35% in terms of volume, with significant gains from the rapid expansion of the laundry sector in the region. However, over the course of the forecast period, the regional market in Asia Pacific is expected to experience a higher growth rate. As per TMR, the demand for sulfosuccinates will be highest in India, Thailand, China, South Korea and Indonesia. In North America, the market will witness a below-average growth rate during the forecast period. In Latin America, the demand from Brazil will fuel growth. Due to the increasing disposable income of consumers and urbanization witnessed over the past few years, the market in the Middle East and Africa will offer more attractive opportunities. Saudi Arabia and Egypt are the largest markets for sulfosuccinates in the region. Sulfosuccinates are witnessing strong demand mainly due to their application across diverse industries. They have been extensively employed in the manufacture of personal care products and this trend is forecast to continue. One of their most common uses is in the production of mild baby shampoos. In addition to personal care and cleaning formulations, which are expected to be the chief drivers of market growth, sulfosuccinates also find application in the leather, textiles, polymers, printing, agriculture, and paints and coatings industries. Enhanced oil recovery operations will also continue to create opportunities for the sulfosuccinates market, TMR finds. However, the gradual shift towards biobased surfactants will create major hurdles for the sulfosuccinates market in the near future, TMR suggests. While recent environmental regulations will boost the use of the former, stringent norms citing the adverse impacts of sulfosuccinates could negatively affect their demand in the future. Original Source: Transparency Market Research, 2017. Found on SpecialChem Cosmetics and Personal Care Innovation and Solutions, 15 Feb 2017, (Website: http://www. specialchem4cosmetics.com)
Asia chemical profile: ethoxylates The various uses and applications of fatty alcohol ethoxylates (FAE) are April 2017