Market Flash

The latest research results of Markets&Markets, a market research organization, show that the global powder coatings market is expected to be approximately US$15.7 billion this year and is expected to reach US$21.4 billion by 2025

• Powder Coating
• market size
• Asia-Pacific

A fire at Nanjing Jintong Petrochemical will further upgrade the environmental protection supervision of hazardous chemical production enterprises in Jiangsu Province, and may cause shortages of cleaning chemicals and price fluctuations.

• Petrochemical
• accident
• detergent

According to data from the US market research agency SPINS, during the 52 weeks ending October 6, 2019, magnesium sales achieved an 11% increase to 151 million U.S. dollars, ranking tenth among all ingredients.

• magnesium
• raw material
• popular
• application

Australian food flavors and ingredients manufacturer The Product Maker (TPM) recently stated that the company's polyphenol-rich sugar cane extract can relieve oxidative stress, inflammation and neurodegeneration.

• Sugarcane extract
• inflammation
• neurodegeneration

Last week, the overall market demand was sluggish, trading was weak, and the transaction rate was low. The prices of most products remained relatively stable.

• pesticide
• Prices
• Market

The Indian Chamber of Commerce and Industry released data on July 19 that India’s spice exports in June increased to US$359 million (approximately 26.9 billion Indian rupees), an increase of 23% from US$292 million in the same period last year.

• Spices
• India
• data
• COVID-19

In a new work, an epoxy-based microwave absorbing coating (MAC) containing carbon nanotube (CNT), silicon carbide (SiC), and carbonyl iron (CI) particles was prepared.

• coating
• research

Kemin Food Technologies highlighted its clean label antibacterial and antioxidant solutions series at the 2020 American Society for Food Science and Technology Annual Meeting and IFT20 Food Exhibition virtual event SHIFT20.

• Kemin
• extract
• clean label
• anti-oxidant

Shandong Shipping, Qingdao, China, has chosen to use Advanced Polymer Coatings Inc.’s high-performance MarineLINE® cargo tank coating system on a series of eight new-build chemical tankers.

• coating
• shipping
• China

Recently, IQVIA released a review of the Chinese hospital medicine market in the first quarter of 2020.

• Drugs
• Herceptin
• Enbipo

In order to alleviate the new crown pneumonia (COVID-19) epidemic, the Drug Administration of India (DCGI) has accelerated the approval of three pharmaceutical companies

• Pharmaceutical
• Remdesivir
• generic
• price

Fine chemicals refer to the chemicals that can enhance or endow a (class) product with a specific function or are manufactured and applied in small batches with specific functions, high technology density, high added value and high purity.

• fine chemical
• Chemical Industry
• special report

Styrenics expert, Ineos Styrolution, recently highlighted the final results of ResolVe, a German government funded research project exploring the recycling of polystyrene.

• Polystyrene
• Plastics
• Recycling

In the first quarter of 2020, China’s export volume to the United States was approximately US$4.21 billion, a year-on-year decrease of 25.1%; while my country’s imports from the US were approximately US$3.26 billion, a year-on-year decrease of 5.1%.

• Trade
• Petrochemical
• chemical

On July 14, the European Commission announced that Orbia, Clariant, and Celanese were fined 260 million euros (approximately RMB 2.075 billion) for violating EU competition rules.

• EU
• companies
• fine

China's Tianjin Port saw cargo throughput rise 1.7 percent year-on-year to 208 million tons in the first half of this year, according to the Tianjin Port (Group) Co Ltd.

• China
• Tianjin
• Port

China Tianjin Container Freight Index (TCI), an indicator of Northern China's international container freight rates, stood at 526.30 points on Thursday, up 0.05 percent compared with the previous working day.

• Tianjin
• Container
• Import
• Export
• port

On Saturday, China’s AIM Vaccine Group broke ground on a manufacturing and R&D base for its coronavirus vaccine in the city of Ningbo. The company is investing CNY 550 million ($79 million) on the project

• COVID-19
• Vaccine
• China

On July 17, an investor asked Yaben Chemical whether it was true that the company had completed the relevant procedures for nmn.

• NMN
• anti aging
• elixir
• API

Perfumed personal care products and high-end perfumes are moving towards calming, soothing, and familiarity.

• European
• daily chemicals
• perfume
• sustainability