Policy & Regulation

Toray Industries, Inc. announced plans to increase the production capacity of its two factories for regular tow carbon fiber bundles.

• carbon fiber

During the week of July 10-14, several countries and regions including Chile and Japan issued policies and notifications related to food. The following provides an overview of foreign import and export policy measures, as well as reports of violations.

• Policies

According to Reuters, the International Agency for Research on Cancer (IARC), a cancer research organization under the World Health Organization (WHO), is set to classify aspartame as a "possible carcinogen to humans" for the first time in July.

• aspartema
• Carcinogen

In 2022, the global carrageenan market was valued at $871.66 million, and it is projected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.

• Carrageenan
• whey powder

This membership includes various benefits, such as access to in-depth chemical marketing solutions, global market expansion, RFQ screening, trade data analysis, and market price and insight services.

• 2-ethylanthraquinone

The first-of-its-kind ADC of CSPC was granted fast track status by FDA.

• ADC

InnoCare Pharma pipeline data were presented at the 28th Annual Meeting of the European Hematology Association (EHA)

• obrutinib

The jewel in the crown - Semaglutide

• Semaglutide

Demand for BDO has formed a significant driving force in recent years with the expansion of applications in emerging fields such as biodegradable plastics and lithium batteries, as well as the recovery of traditional downstream industries such as spandex

• BDO

Pimicotinib (ABSK021), an innovative CSF-1R inhibitor, was approved by the EMA Priority Drugs Programme.

• Pimicotinib
• CSF-1R inhibitor

Legendary Bio submits a supplemental application to the U.S. FDA to expand the indication for CARVYKTI®.

• CARVYKTI

The surge in coal tar prices has had a significant impact on the downstream carbon black market, leading to price increases. As of May 29, the domestic N220 carbon black was priced at 8,666 yuan per ton.

• black carbon

According to Infinium statistics, in Q1 2023, thetotal value of pesticide products imported by Ecuador was 53.5 Mio USD, a -23% variationYOY due to 2022 S2 high inventories, and -32.7% compared to last Quarter; thetotal volume is 7.3 Mio Kilo/liters, a -1

As one of the few sectors showing growth momentum in terms of exports in the first quarter of 2023, Vietnam's vegetables and fruits exports are expected to reach $4 billion this year.

• vegetable

FDA, with the help of U.S. Marshals, has seized more than $3 million worth of kratom finished products and bulk herb from a location in Oklahoma.

• FDA guideline
• kratom dietary supplement

According to M&M research, the European coatings market size is expected to be around $37.2 billion in 2023 and will reach $41.6 billion by 2028.

• M&M

IHARA recently announced the launch of TRUNEMCO, its first biological nematocide, which is formulated with Bacillus amyloliquefaciens MBI600, as part of its portfolio at the Agrishow 2023 Expo in Brazil.

• IHARA
• TRUNEMCO
• Bacillus
• amyloliquefaciens

The application demand of automotive coatings market increases with it, and the development space is expected.

• chemical project

National Supply Company under the Brazilian Ministry of Agriculture has raised its food production forecast for 2022/2023 to 312.5 million tons, an increase of 15% over the previous year.

• agriculture