Specialty chemicals

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Specialty Chemicals Industry

Nutraceutical ingredient volumes to grow despite trend toward plant-, animal-based concentrates

Global market volumes of nutraceutical ingredients are expected to grow at an average annual rate of 4.3% during 2019–24, according to the Nutraceutical Ingredients report, published recently by IHS Markit’s Specialty Chemicals Update Program (SCUP).

Clariant to build catalyst production site in China

Clariant will build a catalyst production site at the Dushan Port Economic Development Zone at Jiaxing, China. The plant will produce Catofin catalysts for propane dehydrogenation (PDH) to produce propylene.

PPG gets DOE funding for coatings project in lithium-ion battery production

PPG says it has received funding from the US Department of Energy (DOE; Washington) to help develop coating used in the production of lithium-ion battery electrodes.

Arkema JV opens industrial adhesives plant in Japan

Arkema says its adhesives subsidiary Bostik has opened an industrial adhesives plant at Nara, Japan. The new plant is operated by Bostik-Nitta, a joint venture (JV) with the industrial adhesives unit of Nitta Gelatin. Bostik owns 80% of the JV.

Merck KGaA expects sales, profits to grow in 2020 and beyond

Merck KGaA has provided an update on progress made in realizing the growth and expansion phase of its strategy for the period until 2022. It expects to deliver continued profitable growth in the coming years despite a challenging market environment.

Antimicrobial consumption surges

The pandemic caused by COVID-19 has raised public awareness about the presence of pathogens such as bacteria and viruses in all public spaces and elevated acceptable levels of hygiene.

Savoring success: Flavor and fragrance producers beat estimates despite COVID-19

Flavor and fragrance companies support the supply chains of industries that provide goods to consumers around the world, like food and products for personal, body, and home care.

European specialties producers hurt severely by COVID-19 impacts

Europe’s major specialty chemical companies saw a sharp fall in sales during the second quarter, which in most cases also meant a reduction in their profits.

Clariant enters catalyst R&D partnership with Chinese university

Clariant says that its catalysts business unit has entered a long-term partnership with Tianjin University (TJU; Tianjin, China) that will focus on R&D of new catalysts to serve better the needs of the Chinese market.

AkzoNobel sees improving trend in third quarter

AkzoNobel has provided an update on its business performance and says that market headwinds have continued to ease during recent months compared with previous months.

EU adds lithium to list of critical raw materials, plans to reduce import dependency, diversify supply

The European Commission says it has added lithium to its list of critical raw materials for strategic technologies and sectors, because lithium has become “essential for a shift to e-mobility.”

DIC partners with DuPont in water treatment business

Sun Chemical Corp (Parsippany, New Jersey), a subsidiary of DIC, has established a partnership with DuPont to expand global sales of degassing modules for water treatment.

Albemarle to work with US energy department on lithium research

Albemarle today announced it has been selected to work on two lithium research projects along with the US Department of Energy (DOE; Washington, DC). The company was selected as part of a Battery Manufacturing Lab Call.

Evonik to acquire US catalyst rejuvenation firm Porocel

Evonik Industries says it is acquiring catalyst rejuvenation firm Porocel Group (Houston, Texas) for $210 million. The purchase price is 9.1 times adjusted EBITDA in 2019, which Evonik says “is an attractive valuation for a high-quality asset in the catalyst sector.”

Explosions, new COVID-19 outbreaks trigger surge in China polysilicon prices

IHS Markit says that the Chinese polysilicon price has risen by 60% from a historically low level in June triggered by two polysilicon fab explosions and new COVID-19 outbreaks in the Xinjiang Uyghur Autonomous Region.

AkzoNobel upgrades paints plant in China to make only water-based products

AkzoNobel says its decorative paints plant at Guangzhou, China, will undergo a 26.0-million renminbi ($3.7 million) automation upgrade that will have it running at full production of exclusively water-based products.

Lanxess exits leather business with sale of organic leather chemicals unit to German firm

Lanxess announced today that it plans to withdraw from the leather business with the sale of its organic leather chemicals operation to TFL Ledertechnik (Rheinfelden, Germany), a worldwide supplier of leather chemicals and a portfolio company of asset-management firm Black Diamond Capital Management.

Johnson Matthey to receive funding from European development banks for battery materials project in Poland

Johnson Matthey (JM; London, UK) says that two European development banks will provide joint funding of €135.0 million ($158.9 million) in the form of loans for JM's new plant to produce cathode materials for electric car batteries at Konin, Poland.

Momentive to sell consumer sealants business, reorient production at Waterford plant

Momentive Performance Materials today announced plans to sell its consumer sealants business to Henkel and reorient production at its Waterford, New York, plants in a bid to focus more on specialty silicones.

Solvay signs distribution agreement for specialty phosphorus products with US firm

Solvay says it has signed a worldwide distribution agreement with Strem Chemicals (Newburyport, Massachusetts), a manufacturer of specialty products, to fulfill commercial sampling and research requests for Solvay's specialty phosphorus products.

Specialty Chemicals Industry

Demand for fluorocarbons declines due to COVID-19, consumption to rise in long term

Worldwide fluorocarbon production and consumption in 2019 reached more than 2.11 million metric tons (MMt), up about 21% in total and approximately 2.8%/year from 1.74 MMt in 2012, according to a recent report by IHS Markit.

Croda builds North America HQ, innovation center

Croda International (Goole, UK) says that construction is underway for its new North American headquarters and innovation center near Princeton, New Jersey, which is scheduled for completion before the end of 2020.

Seizing the GCC specialties opportunity

Building up the specialty chemicals sector is an opportunity that the chemical industry of the Gulf Cooperation Council (GCC) region should aim to capitalize on, according to a recent report published by the Gulf Petrochemicals and Chemicals Association (GPCA).

China, Asia to drive growth in demand for high-intensity sweeteners

Worldwide consumption of high-intensity sweeteners (HIS) is expected to increase at an average annual rate of 2.1% in the 2019-24 period, according to a report published by IHS Markit in late March.

Versatility, originality define Delo

Delo (Windach, Germany) says that its expertise in specific applications, flexibility to innovate, business strategy that prioritizes the customer, and continuous search for new niches are key characteristics of a medium-sized specialty chemicals company based in Germany.

Featured data

US demand for specialties grows for third month in a row in July

US specialty chemical market volumes posted 1.9% sequential growth in July, 2.7% lower than the revised 4.6% increase in June, according to ACC.

specialty chemicals industry data