2014 PUdaily Newsbits: Global Chemical Forecast

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1 Global Acrylonitrile Production to Reach 7 mln Tons in 2017 Apr. 09 Polyethylene & Polybutylene Terephthalate Market Forecast to Grow to 2019 May 22 Global Polymeric Polyol Market to Be Driven by Growing Demand for Polyurethane Jul. 14 Global Propylene Oxide Supply to Exceed 9.2 Mln Tons in 2017 Feb. 08 Antimicrobial Coatings Market to Worth $2.9 Bln by 2018 Jan. 09 Global Construction Paints and Coatings Market to Grow at CAGR of 7.16% from Mar. 12 Global Demand for Paints and Coatings to Grow by 2019 Apr. 28 Protective Coatings Estimated to Grow with CAGR of 9.75 % from 2014 to 2019 Jul. 30 Water-Based Coating Supports Heat Sealing and Heat Activation Jan. 20 Waterborne Coatings to Gain More Share in the Global Market Jun. 09 Global Demand for Emulsion Polymers to Reach 12.6 Mln Tons Oct. 30 With 8% Per Year Average Increases in demand, Africa Emerging as Exciting Polymer Market Oct. 23 Polypropylene Foams Market Forecast to Surpass Revenues of US$ 1.9 Bln by 2018 Apr. 14 Polystyrene & Expandable Polystyrene Market Expected to Cross US$ 42 Bln in 2020 Sept / 12

2 Global Acrylonitrile Production to Reach 7 mln Tons in 2017 Apr. 09 By 2017, the overall global acrylonitrile (ACN) production is poised to touch the 7 mln tons marks, as per Merchant Research & Consulting. In 2012, the world s total production capacity of acrylonitrile was estimated at above 6.8 mln tons. APAC called for over half of the global production capacities. Meantime, China and the US were the countries with highest installed power capacities. Between 2004 and 2012, the global acrylonitrile market was not stable: In 2005, novel capacity introductions provoked oversupply in the market. In 2008, the world acrylonitrile production has declined noticeably owing to the world economic recession. As for 2009, the year was marked by recovery of the acrylonitrile market. In 2011, the situation has changed again given the poor demand from the major end-use markets. As of 2012, the world acrylonitrile production posted a 3.5% year on year increase and reached 5.7 mln tons. By 2017, the overall acrylonitrile production is poised to touch the 7 mln tons mark. Ineos, Asahi Kasei Corp, PetroChina, Ascend Performance Materials, SINOPEC, Formosa Plastics Corp, Shanghai SECCO Petrochemical Co., Taekwang Industrial Co and Mitsubishi Rayon Co. are among the dominant companies engaged in the worldwide acrylonitrile industry. Contact Us Tel: info@pudaily.com Join us at Wechat: Polyethylene & Polybutylene Terephthalate Market Forecast to Grow to 2019 May 22 Polyethylene & Polybutylene Terephthalate (PET & PBT) are the main types of thermoplastic polyester resin market. As per a report by RnRMarketResearch.com, the important PET resin markets by applications are bottles, films, food packaging, and others; and the PBT resin markets are automotive, electrical & electronics, consumer appliances, and others. The market value of global PET & PBT resin was estimated to be US$ 31,471.1 mln in 2013 and is projected to grow at a CAGR of 7.3% from 2014 to The economic slowdown in Europe and North America also affected the economies of other developed countries that are of key importance for the commercial success of new material and its end-user market. The key companies in PET resin market are Indorama Ventures (Thailand), M&G Chemicals (Luxembourg), Jiangsu Sanfangxiang Group (China), Far Eastern The key drivers of PBT resin market, such as the trend of metal being replaced by engineering plastics, growth in electrical & electronics applications, growth of emerging economies; and restraints, such as reducing halogen content in flame-retardant PBT and replacement by bio-based PBT. The key drivers of PET resin industry are population growth, rise in disposable income, urbanization in developing economies, and growing fast moving consumer goods, and restraint such as being a capital and technology intensive industry. New Century (Taiwan), Alpex (Mexico), and others. The key companies in PBT market are BASF (Germany), Toray Industries (Japan), Royal DSM N.V. (The Netherlands), E. I. du Pont de Nemours and Company (U.S.), Saudi Basic Industries Corporation (Saudi Arabia), Nan Ya Plastics (Taiwan), LANXESS Corporations (Germany), Celanese Corporation (U.S.), and others. 2 / 12

3 The Asia-Pacific region emerged as the driving factor for both PET & PBT resin market, contributing about 38% and 53.6% shares respectively, of the total demand in terms of consumption. In the PBT resin market, China is the leading country in terms of consumption in the Asia-Pacific region, due to the increased demand from the automotive and electrical & electronic industries. The important emerging economies, such as Brazil, India, Germany, U.S., and others are further lined up for a brighter future in this market with the presence of companies, such as BASF, LANXESS Corporation, DSM, and Du Pont. Global Polymeric Polyol Market to Be Driven by Growing Demand for Polyurethane Jul. 14 Global market for Polymeric Polyols is forecast to reach 33.1 billion pounds (lbs.) by 2020, driven construction, and furniture industries, as per Global Industry Analyst Global market for polymeric polyols is exhibiting rapid growth, backed by increasing demand for polyurethane across major end-use sectors such as furniture, construction, automotive, and refrigeration, among others. Polyols are important raw materials used in the production of polyurethane, coatings, thermoplastic elastomers, adhesives, sealants, medical devices, and artificial leather. Developing countries supported by huge appetite for plastics represent primary consumers of polymeric polyols. Southeast Asia, Latin America, and Eastern Europe are registering robust growth, due to the adoption of expansionary monetary policies for boosting domestic demand. As stated by the new market research report on Polymeric Polyols, Asia-Pacific represents the largest and the fastest growing market worldwide with a compounded annual growth rate (CAGR) of 9.6% by growing demand for polyurethane in the automobile, over the analysis period. Growth in the region is led by growing population, rapid industrialization and the ensuing high concentration of construction, automotive, and other industries. Eastern Europe and Latin America are also poised to witness rapid growth in the coming years. Growing emphasis on sustainability is one of the key trends driving growth in the market. Development of a number of innovative and green technologies for polyol production is expected to benefit demand patterns. Of special note is the growing popularity of CO2-based polyol production technology. Against a backdrop where combustion of fossil fuels for manufacturing processes is being replaced by smokeless processes, the concept of using CO2 as raw material for the production of polyols is gaining immense interest. CO2-based polyol technology is relatively inexpensive and makes use of cheaper and renewable raw materials. The resulting high performance polymers produced are cheaper, eco-friendly, and possess low polydispersity indices. A large number of companies are focusing on the production of bio polyols from natural oils, such as castor oil, corn oil, canola oil, palm oil, rapeseed oil, and soybean oil, among others. Of these, soybean and corn are the most widely used. Soy-based polyols are finding increasing use in rigid foam insulation, carpet backing, structural foams, pickup truck bedliners, and flexible foams. These polyols are cheaper to produce and have wide 3 / 12

4 applications. The polyurethanes derived using soy-based polyols are used in binders, urethane foams, coatings, adhesives, and sealants. Stringent environmental regulations are driving investments in the production of polyols by recycling polyethylene terephthalate (PET) and Polyurethane (PU) wastes. Global market for green polyols is forecast to witness strong growth supported by rising consumption in Asia-Pacific and other emerging markets. Polyols demand in these markets is fuelled by increased consumption in major end-user sectors such as consumer durables, transportation, furniture or bedding, carpet, packaging and construction, among others. Major players include BASF Group, Bayer AG, Chemtura Corp, Daicel Corporation, The Dow Chemical Company, Huntsman International LLC, Perstorp Holding AB, Shell Chemicals Ltd., SINOPEC Shanghai Gaoqiao Company, and Stepan Co., among others. Global Propylene Oxide Supply to Exceed 9.2 Mln Tons in 2017 Feb. 08 In 2012, Asia accounted for almost 40% of the overall annual production capacity of propylene oxide (PO), which exceeded 9.69 mln tons, as per Merchant Research & Consulting. The global PO supply followed an upward trend between 2009 and 2012; during that period of time, it grew by over 1.27 mln tons and went beyond 7.76 mln tons. Asia led the global PO production, supplying over 3 mln tons in In the same year, the US, China, the Netherlands, Germany and Japan were the dominant PO manufacturing countries. The polyether polyols industry was the major PO end-user. Europe was ranked as a leading exporter and importer of PO in The global PO supply is poised to exceed 9.2 mln tons in Dow Chemical Co, LyondellBasell Chemical Co, Ellba, Shell, SCG-Dow Group, Lyondell Bayer Manufacturing Maasvlakte VOF, BASF, Wudi Xinyue Chemical Co and Ningbo ZRCC Lyondell Chemical are among the companies capturing large market shares. Antimicrobial Coatings Market to Worth $2.9 Billion by 2018 Jan. 09 The global Antimicrobial Coatings Market s worth in 2012 is $1.5 billion and is estimated to reach $2.9 billion by 2018, growing at a CAGR of 11.8% from 2013 to 2018 under normal conditions. The high demand across the industries such as indoor air/hvac, medical, mold remediation, building & construction, food & beverages, and textiles will increase the overall materials consumption. Antimicrobial coatings offer different properties as per the coatings manufacturing and their application requirements in the end products. The silver antimicrobial coatings have high demand at a global level and its manufacturing is majorly dominated by North America. The other applications 4 / 12

5 such as textile, food & beverages, and building & construction have tremendous opportunities for the antimicrobial coatings industries. The antimicrobial coatings manufacturing companies and research institutions are infusing high investment for the future advancements and technology of Antimicrobial Coatings Market for other different applications. North America is the largest region followed by Asia-Pacific and Europe. The countries such as China, India, Japan, and others are growing markets for antimicrobial coatings. The major players in the antimicrobial coatings industry include AkzoNobel, BASF, DuPont, DOW, PPG Industries, Sherwin-Williams, Kansai, and others. And North America is the global hub for major antimicrobial coatings manufacturers and their headquarters in the U.S. The end-user industry from the textiles, heating, ventilation, air-conditioning, bathroom fittings, and other medical and electronic devices are driving the market for antimicrobial coatings by offering new silver, copper, or zinc coated antimicrobial products to the end customers. Global Construction Paints and Coatings Market to Grow at CAGR of 7.16% from Mar. 12 The global construction paints and coatings market has also been witnessing the increased competition among major vendors. Analysts forecast the global construction paints and coatings market to grow at a CAGR of 7.16 % over the period One of the key factors contributing to this market growth is the increase in civil construction activities across the globe. However, the lack of effective product differentiation could pose a challenge to the growth of this market. Global Demand for Paints and Coatings to Grow by 2019 Apr. 28 The global demand for the paints and coatings was valued at USD billion in 2012 and is expected to reach USD billion in 2019, growing at a CAGR of 5.4 % between 2013 and Huge building & construction industry coupled with growing manufacturing activities in Asia Pacific has been driving the paints and coatings market. The development of construction industry in the Middle East, North Africa and South America is likely to be one of the key factors driving the demand for paints and coatings over the next few years. However, stringent environmental regulations for paints and coatings industry, especially in Europe are expected to restrain the growth of the market in the upcoming years. Although, increasing demand for green coatings and nano-coatings are expected to open opportunities for the growth of the market over the next few years. Waterborne coatings were the most widely consumed paints and coatings and accounted for around 40% of the global demand in The demand for waterborne coatings was more owing to rise in demand from residential, commercial and automotives & aviation end-users. Solvent borne technologies are likely to lose market share owing to various regulations associated with it regarding VOCs. However, powder coatings are expected to show the fastest growth over the next few years 5 / 12

6 owing to their rising demand from automotive & aviation, electronics, and construction industries. Asia Pacific dominated the paints and coatings market in 2012 followed by Europe owing to the growth of automotives & aviation industry. The RoW (rest of world) is expected to witness the highest growth within the forecast period on account of growing automotives & aviation and residential and commercial industries. The demand for paints and coatings in The RoW is expected to grow at a CAGR of 5.8% between 2013 and Protective Coatings Estimated to Grow with CAGR of 9.75 % from 2014 to 2019 Jul. 30 The global protective coatings market, along with its end products, has witnessed a remarkable growth in the past few years. This growth is estimated to increase in the coming years. The quality, durability, corrosion and fire protection properties, and the upcoming safety regulations and innovative techniques for its use will be the key influencing factors for the global protective coatings market with the increased emphasis on its different types and applications, according to new study. The Asia-Pacific region is the most important market The market size in terms of value of protective coatings was estimated to be USD 10,594.6 million in 2013, and is projected to grow with a CAGR of 9.75 % from 2014 to Considerable amount of investments are made by the protective coatings players to serve the end-user applications industry in the future. The Asia-Pacific region is the most important market that accounted for about % market share of the total global demand in The region is further estimated to show a high growth in the future, mainly due to the high growth potential of protective coatings in the infrastructure and automotive market in China and India. Solventborne coatings technology is rapidly getting replaced by waterborne technologies Almost % of the total protective coatings demand was for the construction applications in 2013, followed by the automotive industry primarily due to its high penetration in all the regions. Due to stringent governmental regulations, the solventborne coatings technology is rapidly getting replaced by waterborne and other environmental friendly technologies. In terms of resin type, epoxy holds a maximum share of about % in 2013, due to their high level of mechanical properties, corrosion protection, and chemical resistance. The drivers of the industry are growing demand in end-user industries, increased demand for efficiency, and development and modernization of infrastructure. 6 / 12

7 Waterborne Coatings to Gain More Share in the Global Market Jun. 09 The global coatings market in 2013 was over 38 million tons, with a value of more than EUR 90 billion. The largest share of the coatings market is in architectural coatings, accounting for 60% of global market demand. The split between architectural and industrial coatings differs significantly for the three main regions of Europe, Middle East & Africa (EMEA), the Americas and Asia Pacific. The 2013 coatings market volumes in these three regions were mainly dominated by architectural coatings, which stood for 9,050,000 tons in EMEA and 6,200,000 tons in the Americas. Only the region Asia Pacific was still slightly dominated by Industrial Coatings with a volume of 8,050,000 tons versus an architectural coatings volume of 7,550,000 tons. The trend towards environmentally-friendly coatings has seen a growth in non-solventborne technologies in both architectural and industrial sectors, with waterborne coatings accounting for over 50% of the total global coatings market. Water-Based Coating Supports Heat Sealing and Heat Activation Jan. 20 Northvale, NJ Aqualene 1185HS, a new, eco-friendly, water-based heat sealable or heat activated coating, for a wide range of plastic films, such as polyester (PET), polystyrene (PS), vinyl (PVC), paper, paperboard, and aluminum foil has been introduced by Aqua Based Technologies, a division of ADM Tronics Unlimited, Inc. This heat-seal coating technology is suitable for a wide range of packaging applications where heat sealed or heat activated combinations are required. Aqualene 1185HS was designed to be applied by flexographic presses and other roller coating applicators used in both web and sheet-fed production equipment. Heat sealing or heat activation is achieved at only F ( C) allowing for use in a wide range of packaging structures. Aqualene 1185HS is completely water-based, containing no volatile organic compounds (VOC-free) or ozone depleting ingredients, making it environmentally safe, without requiring emission controls or safety procedures as are necessary for competitive, hazardous, solvent-based coatings. It is easy to clean up without the use of caustic or hazardous cleaning products. Aqua Based Technologies - aquabased.com - develops and manufacturers water-based, non-toxic, eco-friendly, chemical formulations for a wide array of industries including food, medical and pharmaceutical packaging; laminating, converting, wall covering, printing and graphic arts. Aqua Based Technologies complete line of adhesives, primers, coatings and additives, all water-based, are used by customers throughout the US and internationally. ADM Tronics Unlimited, Inc. (OTCQB:ADMT) - admtronics.com - is a technology-based developer and manufacturer of unique, environmentally-safe, health and life enhancing technologies and products. Its diversified business segments include eco-friendly, water-based industrial chemicals; precision electronics and medical devices; and, contract design, engineering, regulatory and manufacturing services. Aqualene is a registered trademark of ADM Tronics Unlimited, Inc. 7 / 12

8 Global Demand for Emulsion Polymers to Reach 12.6 Mln Tons Oct. 30 Global demand for emulsion polymers is forecast to advance 4.6 percent per year to 12.6 million metric tons in 2018, said by a new study, In particular, rebounding construction activity in North America and Western Europe -- both intensive regional consumers of emulsions -- will propel market advances. Acrylics will remain the largest and fastest growing emulsion polymer type through 2018, when they will comprise 40 percent of the global market. These and other trends are presented in World Emulsion Polymers, a new study from The Freedonia Group, Inc. Growth in the coatings market underpins advances The Asia/Pacific region will remain the largest regional consumer of emulsion polymers, bolstered by growth in the massive Chinese market while India and Malaysia are forecast to see the fastest annual gains of any major market through In India, double-digit annual growth in the paint and coatings market will underpin advances, spurred by expanding use of water-based packaging and industrial coatings, as well as the increasing penetration of latex paints in rural markets as per capita incomes rise. Demand in Malaysia will be boosted by robust growth in the country s huge export-oriented latex gloves industry, as well as by the increased substitution of nitrile gloves for natural latex types worldwide. Of the major markets for emulsions, the paint and coatings segment is projected to achieve the most rapid annual growth through 2018, climbing 5.8 percent per year. Ongoing concerns about the health and environmental hazards posed by solvent-based coatings will continue to spur the use of waterborne technologies. In addition, improvements in the performance characteristics of latex paints are expected to increase their use in industrial and maintenance coating applications. The general purpose adhesives market is expected to grow at an average pace, rising 4.5 percent per year through Expanding packaging industries and construction spending - particularly in the Asia/Pacific and Africa/Mideast regions - coupled with the growing adoption of waterborne technologies will boost consumption growth. 8 / 12

9 With 8% Per Year Average Increases in demand, Africa Emerging as Exciting Polymer Market Oct. 23 Large-scale investment in African countries makes the region one of the most exciting markets for polymers in the world today, according to latest market research. In its study into the African polymers market, it forecasts 8% per year average annual increases in African polymer demand over the next five years, with diverse levels of annual growth varying from 5% in South Africa to 15% in Ivory Coast, as reported by European Plastics News. Africa is a complex region and that market conditions strongly differ between the well-developed North and South African markets and those in most other Sub-Saharan countries. It highlights Nigeria, Egypt and South Africa as the largest markets, currently accounting for nearly half of polymer demand in the continent and for nearly all polymer production in the region. Despite significant investments in new capacity in these three countries, Africa remains a net importer for all resins and is expected to remain so for the foreseeable future. Commodity plastics have a dominant share of the African market, with polyolefins accounting for about 60% of demand. Polypropylene has the largest volume of demand, with the material being widely used for raffia production for bags and sacks. But the study says PET demand has grown fast as PET bottles for drinks are replacing LDPE pouches which have traditionally been used. The rise in plastics demand has attracted foreign investment in the African industry, especially from China and India, which is expected to carry on in the future. Another key driver for polymer demand is infrastructure development and building activity, with the study estimating nearly one-quarter of polymer demand in Africa coming from these areas. The expansion of Africa s middle class is another key factor; for example packaging applications now account for just under half of the polymer market across Africa. However, Africa faces a big challenge in increasing its domestic resin production to displace imports, mainly sourced from the Middle East or Asia. Among the obstacles to higher production are unreliable electricity supplies and political instability. 9 / 12

10 Polypropylene Foams Market Forecast to Surpass Revenues of US$ 1.9 Bln by 2018 Apr. 14 Polyprop ylene foams market is worth US$ 1,902.5 million by The global polypropylene foam types are significantly penetrating their end-use industries market. They have different characteristics as per their manufacturing and application requirement in the end products. The Asia-Pacific region is expected to dominate this market with its growing demand for polypropylene foams in different applications, especially the automotive and packaging segments. The Asia-Pacific and European markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions. The market value of polypropylene foams was estimated to be $1,019.9 million in 2012 and is projected to grow with a CAGR of about 8.4% from 2013 to R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of polypropylene foams to match the new demands coming from various end-user industries. Polypropylene foams are dominant among all the competitive foams available, in terms of consumption and revenue, reasoned by its optimal cost to performance factor. Asia-Pacific is the largest region, both in terms of volume and value, followed by Europe and North America. China, Japan, U.S., Germany, Brazil, and Russia are expected to persist as successful foam markets. The key companies in this market are Armacell (U.S.), BASF (Germany), Borealis AG (Austria), SSW PearlFoam GmbH (Germany), JSP Corporation (Japan), Kaneka (Belgium), NMC Group (Belgium), Pregis (U.S.), Sekisui Alveo (Switzerland), etc. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serve the customers more effectively. Polystyrene & Expandable Polystyrene Market Expected to Cross US$ 42 bln in 2020 Sept. 22 Global polystyrene & EPS market was valued at US$ bln in 2013 and is anticipated to reach US$42.11 bln by 2020, expanding at a CAGR of 4.7% from 2014 to 2020, as per Transparency Market Research. Rising demand from the packaging industry in BRICS countries is expected to be one of the major factors driving the global polystyrene & EPS market. Additionally, increasing demand from consumer electronics and electronic components industries is anticipated to boost the global polystyrene & EPS market. However, volatility in prices of raw materials is estimated to hamper market growth during the forecast period. Availability of high performance substitutes such as polypropylene and polyethylene is also likely to be a major restraining factor for the global polystyrene & EPS market. 10 / 12

11 Packaging emerged as the largest application of the global polystyrene & EPS market in Increasing demand for polystyrene & EPS in BRICS countries and approval of the FDA for packaging application is projected to drive the segment during the forecast period. In terms of volume, demand for polystyrene & EPS from electrical & electronics application is anticipated to rise at a CAGR of 4.5% from 2014 to Polystyrene & EPS are primarily used in thermal insulation of roofing, flooring and other industrial processes due to their insulation properties. Other applications of polystyrene & EPS include its usage in petri dishes, CD cases, plastic cutlery and disposable razors. China dominated the global polystyrene & EPS market in 2013 due to high demand from packaging and electrical & electronics industries. In terms of volume, the country accounted for 37.1% of the total polystyrene & EPS market in Rising demand for polystyrene & EPS for packaging application in Rest of the World is led by an increase in per capita disposable income and key global events Football World Cup 2014 and Olympics 2016 in the region. Increasing demand for polystyrene & EPS from the thermal insulation industry in Europe is projected to fuel market growth for polystyrene & EPS during the forecast period. The market for polystyrene & EPS in Rest of Asia Pacific is expected to expand at the highest growth rate in the next few years due to growth in packaging and consumer electronics industries in the region. The global polystyrene & EPS market was highly fragmented, with the top five players accounting for 26.0% share of the market in Key industry participants include S.C. Adeplast S.A., BASF SE, INEOS Styrenics, Kaneka Corporation, Nova Chemicals Corporation, Owens Corning, Total Petrochemicals & Refining USA and Synthos S.A. 11 / 12

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