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Chemicals Industry
European polystyrene drops to lowest value since 2021
European Polystyrene contracts dropped to their lowest value since February 2021 in October, amid easing feedstock costs. Polystyrene, a polymer of styrene monomer, is an essential plastic chemical used for food packaging, insulation panels in buildings, and for packaging goods.
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Sabic and fujian government sign potential investment agreement to build engineering thermoplastics compounding plant – under the auspices of the Saudi Ministry of Energy
SABIC, a global leader in diversified chemicals, signed a potential investment agreement with the Fujian government on August 1, under the auspices of the Saudi Ministry of Energy, to build an engineering thermoplastics compounding plant in China’s Fujian Province.
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Plastics Market Insights and Forecast Till 2032: Trends, Growth Drivers, and Strategic Analysis
Plastics are versatile materials widely used across various industries due to their durability, flexibility, and cost-effectiveness. They are essential in applications ranging from packaging and construction to automotive and healthcare. The plastics market is driven by ongoing innovations in polymer technologies and increasing demand from emerging economies.
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BASF Launches Haptex® 4.0: The Future of Sustainable Synthetic Leather
BASF introduces a significant leap in sustainable synthetic leather with Haptex® 4.0. This next-generation Polyurethane solution enables the creation of 100% recyclable synthetic leather. Through a novel formulation and recycling process, Haptex® 4.0 eliminates the need for separating layers, allowing for the co-recycling of the material alongside Polyethylene Terephthalate (PET) fabric. This breakthrough simplifies the...
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Aliphatic Hydrocarbon Market Size and Growth
The global aliphatic hydrocarbon market size was estimated at around USD 3.98 billion in 2023 and it is projected to hit around USD 6.38 billion by 2033, growing at a CAGR of 4.83% from 2024 to 2033. The aliphatic hydrocarbon market encompasses a wide range of chemicals primarily used in industrial and commercial applications. Aliphatic...
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SOHAR Port and Freezone Signs Land Lease Agreement with MAK Sohar Chemical Industries
SOHAR Port and Freezone has signed a land lease agreement with MAK Sohar Chemical Industries (FZC) LLC for two projects covering 5.8 hectares of land representing a substantial USD 11 million investment in SOHAR Freezone.
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Wanhua Chemical to Showcase Innovative Solutions at NPE2024
Wanhua Chemical is set to make waves at NPE2024 in Orlando, Florida, from May 6th to 10th. With an array of cutting-edge plastic-related products, the company aims to showcase innovative applications and green solutions across diverse sectors including automotive, healthcare, optical, footwear, and household goods.
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Wanhua Chemical Presents Green Innovative Solutions at CHINAPLAS 2024
On April 23rd, Wanhua Chemical, a global leading chemical company, presented a variety of sustainable and cutting-edge products on CHINAPLAS 2024 Media Day. Yong He, the general manager of Wanhua Advanced Material Solutions BU, Naibo Chu, the general manager of Wanhua Performance Polymers BU, Tianlong Zheng, the assistant general manager of Wanhua Petrochemical Sales Co.,...
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How Innovative Is China in the Chemicals Industry?
China is leading in chemical production, especially basic chemicals. And while it is currently lagging behind on innovation—especially in more complex fine chemicals—all signs suggest it will catch up with the global leaders within the next decade or two.
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