Most LOA consumption is in the automotive sector, and a key driver is legislation aimed at reducing greenhouse gas emissions and increasing fuel economy.
Global consumption of surfactants was more than 16.8 million metric tons in 2018, with an estimated market value of $39 billion, according to IHS Markit.
The global market for synthetic base oils used to produced synthetic finished lubricants hit 1.3 million metric tons in 2017, with a market value of $5.6 billion, according to IHS Markit.
Global demand for energy continues to increase, fed both by a growing population overall and by an increasing middle class.
The global market for flavor and fragrance products is estimated at $38.5 billion in 2018, according to a recent report by IHS Markit.
Consumption of antioxidants, used as additives to protect other products, was estimated at 1.37 million metric tons (MMt) in 2017, with a value of $6.69 billion, according to a recent report by IHS Markit.
Worldwide consumption of printing inks reached a value of more than $18.3 billion in 2017, according to a recent report by IHS Markit.
Consumer demand for electric vehicles (EVs) is set to expand dramatically. Although electromobility is in its infancy, growth in production of EVs is set to take off.
Worldwide market demand for controlled-release fertilizers (CRF) and slow-release fertilizers (SRF) was valued at $2.35 billion in 2017, according to new analysis from IHS Markit.
Sales volumes by the US specialty chemical industry grew steadily last year
Supply interruptions and inelastic demand in engineering plastics applications, especially in the automotive market, are worsening a supply shortage for nylon-6,6.
Specialty chemical earnings were mostly positive as a mixed fourth-quarter earnings season wound down in late February. Prices and volumes grew for Albemarle, Ecolab, and Stepan, with Ecolab largely recouping higher delivered product costs and Albemarle continuing to ride a wave of strong demand in lithium.
The largest market for organic pigments is printing inks, which makes up 45–50% of demand based on volume, according to a recent report by IHS Markit. Coatings consume about 25%, plastics about 10%, and other industries, including textiles, account for the rest.
The flavors and fragrances (F&F) market includes numerous smaller players, many of them family-owned, that operate in a single region and with a focus on a specific niche, such as savory flavors or sports drinks.