Market Flash

On March 28, 2025, the European Food Safety Authority (EFSA) released an opinion regarding the safety evaluation of the food enzyme endo-1,4-β-xylanase.

Adama has officially unveiled its new herbicide, Matero, at the 2025 Agriculture Show in Mato Grosso, Brazil.

In 2024, the oncology drug market continues to hold a pivotal position within the global pharmaceutical industry, achieving record-breaking sales that reflect unprecedented growth potential.

On March 27, 2025, South Korean media outlet The Elec reported that Samsung SDI, a leading battery manufacturer, announced plans to increase the proportion of production equipment sourced from China.

ExxonMobil is set to significantly increase its production of isopropanol (IPA), aiming to manufacture 99.999% ultra-pure isopropanol to meet the rising demand from the semiconductor industry.

On April 1, 2025, global paint leader AkzoNobel and marine engineering giant Bluewater Group signed a strategic cooperation agreement in Shanghai, marking the start of a significant partnership in the marine industry.

On March 31, 2025, the U.S. Department of Commerce announced its final ruling on antidumping duties concerning epoxy resins imported from China, India, South Korea, Thailand, and Taiwan.

CNOOC has discovered a super-large oil field in the deep and ultra-deep water areas of the South China Sea.

• CNOOC
• South China Sea

Reliance Industries, the world's largest refinery operator, will stop importing oil from Venezuela following the U.S. announcement of a 25% tariff on countries purchasing Venezuelan crude.

In a surprising move, NOVA Chemicals has officially scrapped its plans to build a chemical recycling plant in Sarnia, Ontario.

On March 28, Arkema celebrated the 20th anniversary of its organic peroxide plant in Changshu, China, marking a significant milestone with the launch of new production capacities.

Swiss retail giant Migros has completed the sale of Mibelle, its subsidiary specializing in the development of active ingredients for the personal care and beauty, home care, nutrition, and cosmetics and nutraceutical industries.

• Migros
• Mibelle
• Persán

On March 25, Shell announced a significant restructuring of its global chemical operations, seeking strategic partners for its chemical portfolio in the United States and potentially closing some or all of its chemical operations in Europe.

As of the week ending March 28, 2025, global corn prices have experienced a significant decline, primarily driven by expectations of increased corn planting in the U.S. this year.

Developed by Corteva Agriscience, this corn variety incorporates the IPD072Aa gene from Pseudomonas fluorescens, the PAT gene from Streptomyces viridochromogenes, and the PMI gene from Escherichia coli.

According to a Reuters report on March 28, the Argentine government has revealed that soybean sales for the 2024-2025 season have reached only 8.4 million tons as of March 19.

A recent study published in JAMA Ophthalmology has revealed alarming findings regarding Ozempic, a popular diabetes medication.

India is considering removing import taxes on U.S. liquefied natural gas to boost imports and reduce its trade surplus with the U.S.

• India
• U.S.
• LNG

Vynova Alkoxides GmbH is starting construction of a new alkoxide plant at Chemiepark Lülsdorf GmbH in Lülsdorf, Germany. An external engineering company has been contracted to complete the basic design by summer.

• Vynova Alkoxides
• alkoxide

Canadian company Knowlton Development Corporation Inc. (kdc/one) has partnered with Indian manufacturer Clarion Group to form a joint venture to meet the growing demand for beauty brands in India.

• KDC/One
• Clarion Group