Market Flash

Data show that the global flavors and fragrances market has grown from USD 24.1 billion in 2015 to USD 28.1 billion in 2019, with a compound annual growth rate of 5.1%.

• global fragrance
• flavor market

According to the prediction of the Association of Natural Rubber Producing Countries (ANRPC), the world's natural rubber production will drop by 6.8% in 2020 due to the fall in rubber prices

• rubber industry

According to data recently released by the National Development and Reform Commission, the added value of the chemical industry in 2020 will increase by 3.4% year-on-year, and the growth rate will drop by 1.4% year-on-year.

• chemical industry

Lithium iron phosphate batteries are gaining favor from more automobile manufacturers, and their market share continues to increase.

• Lithium iron
• battery

In February 2021, the cost-effectiveness of the pharmaceutical and biological raw materials sector will be highlighted. In the short term, it is recommended to pay attention to the vitamin replenishment cycle and the continuation of the heparin boom.

• Biological API

We are glad to invite you to participate in ExpoCoating Moscow - the only specialized international exhibition of materials and equipment for surface treatment, coating and electroplating in Russia.

• ExpoCoating 2021

With the release of Bayer and Merck's 2020 financial reports, the latest TOP10 rankings of global pharmaceutical companies have also surfaced. This year's ranking has changed a lot from last year.

• pharmaceutical company ranking

As we all know, oil is the basic raw material of all chemical industries, oil prices on the rise, will eventually conduct to the whole chemical industry chain.

• cosmetics ingredients

Japanese confectionery brand Meiji launched Oligosmart chocolate on Feb. 16. This chocolate replaces the conventional granulated sugar in chocolate with oligofructose to help consumers control sugar even when consuming chocolate.

• Oligofructose trend
• sugar substitute

In 2020, the taste of coffee is a constant source of comfort for many consumers. Many people drink a cup of hot coffee to start their day, while others relax with a cup of decaf at the end of the day. The biggest difference in coffee consumption over the

• coffee trend
• food industry

On February 25, the Asian PX price hit a 21-month high, reported at US$895.83/ton CFR China. The reason was that a number of factories had failed since the beginning of the year and the supply was tight.

• PX
• paraxylene price

As of March 1, the average domestic BDO producer price was 31,750 CNY/ton, an increase of 141.9% from February 1. It is reported that the BDO growth rate ranks first among the 64 chemical products monitored by the monthly fluctuation range

• BDO
• PBAT
• calcium carbide

Since the low point of the epidemic, Brent crude oil prices have rebounded by 200%. The first two months of this year have been the strongest among all major asset classes in the world.

• chemical price
• Brent crude oil

The layout of China's lithium battery industry chain in the European market has become an inevitable trend.

• lithium battery
• European market

The European Chemical Industry Association stated on February 25 that EU chemical production is expected to increase by 3% this year after a drop of nearly 2% in 2020.

• EU chemical
• chemical production

As of March 1, the average domestic BDO producer price was 31,750 CNY/ton, an increase of 141.9% from February 1.

• BDO price

Since the weekend, the domestic urea market has been weak. Manufacturers continue to implement pre-received orders. Due to the rain and snow in some areas, the agricultural market has slowed down significantly.

• Urea
• price fluctuation

Recently, driven by the increase in crude oil prices, force majeure of styrene plants in Europe and the United States due to extreme cold weather, and centralized maintenance of the plants

• price hike
• wanhua
• Dow

The competition between Akzo Nobel, PPG and Haihong Elder for the acquisition of Tikkurila shows that in the next 1-2 years, more acquisition battles may occur in the European coatings industry.

• M&A
• coating industry

In February of 2021, the domestic acrylic acid and ester market experienced a historical high in the past 10 years, and the price soared to the extent that the market’s prices changed at the beginning of the day.

• Acrylic acid
• ester industry