Market Flash

On July 19, 2024, the European Food Safety Authority (EFSA) officially released an important announcement regarding the assessment of the authorization update for calcium D-pantothenate (calcium D-pantothenate) as a feed additive for all animal species.

On July 19, 2024, the food safety regulation in Australia and New Zealand reached an important milestone.

Recently, the journal Nature Reviews Microbiology published a research report that thoroughly analyzed the development process of malaria vaccines and their effectiveness and challenges.

The U.S. Centers for Disease Control and Prevention (CDC) announced last Friday that two additional H5N1 avian flu cases have been detected on poultry farms in Colorado.

The global antimicrobial coatings market is forecast to surpass $10.1 billion by 2032, primarily driven by the increasing focus on hygiene standards and the growing demand for antimicrobial solutions.

Venator Materials announced that it has completed the sale of its 50% interest in the Louisiana Pigment Company (LPC) titanium dioxide manufacturing joint venture facility to its operating partner, Kronos Worldwide, Inc.

• Venator Materials
• Louisiana Pigment Company

Revolution Beauty, a mass beauty brand originating from the UK, has expanded its portfolio with the launch of two peptide products – Revolution Beauty Juicy Peptide Lip Balm and Revolution Beauty Peptide Strength Lash & Brow Serum.

• Revolution Beauty
• peptides

Indonesia has begun to impose import taxes on foreign goods such as ceramics, cosmetics, electronics, footwear and clothing, with additional tax rates ranging from 50% to 100%, depending on the impact of the goods on local industries.

• Indonesia
• import taxes

IGL Coatings announces its latest exclusive dealership in Croatia. IGL Coatings Croatia strengthens the presence of the IGL Coatings brand in Central and Southeast Europe.

• IGL Coatings

Recently, the U.S. Environmental Protection Agency (EPA) announced that it will make the U.S. Fish and Wildlife Service's (FWS) draft biological opinion on Methomyl available for public comment.

• EPA
• Methomyl
• Pesticide

Johnson & Johnson, the world's leading healthcare company, recently released its financial results for the first half of 2024, demonstrating its solid growth in a complex healthcare market environment.

China's leading radiation therapy company has signed a global licensing agreement worth $571.5 million with South Korean biotech giant SKBiopharmaceuticals, marking a solid step in the two companies' collaboration in the field of cancer treatment.

The power of the market is like an invisible giant hand, quietly affecting the rise and fall of every industry.

The global pharmaceutical industry has recently witnessed a number of compelling developments that demonstrate not only the innovation of the industry, but also the efforts of companies to address market challenges and meet patient needs.

South Korea's food safety regulator recently made an important announcement that benzopyrene levels in a series of Perilla oil products.

On July 18, 2024, the European Food Safety Authority (EFSA) announced on its official website that it plans to revise the maximum residue limits (MRLS) for methoxyfenozide in eggplant.

On 19 July 2024, the European Commission adopted a far-reaching trade decision by publishing Regulation (EU)2024/1959 imposing provisional anti-dumping duties on erythitol originating in China.

Epsilon Advanced Materials (EAM) is building its first synthetic graphite anode plant in the United States to support localization of key battery materials and develop a local supply chain for US customers.

• Epsilon Advanced Materials
• Thomas &
• Hutton

PureCycle Technologies announced the successful creation of multiple recycled composites produced using PureCycle resins. The composites contain varying levels of PureCycle resins blended with either post-industrial recycled content or virgin PP

• PureCycle

Nihon Kolmar, Japan’s largest cosmetics ODM/OEM manufacturer, has acquired 100% of Tokiwa Cosmetics Group from global investment firm Carlyle.

• Nihon Kolmar
• Tokiwa Cosmetics Group
• Carlyle