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Resins & Coatings

News Review

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Oil price crash: What it means for the renewables


On 20 June 2014, the price of crude oil stood at $115 a barrel. On 12 January 2015, the price has crashed to $48 a barrel, leading commentators - including Sir Richard Branson - to suggest clean energy will be damaged as suppliers abandon renewables in favour of cheap oil. However, solar PV and onshore wind are already cheaper sources of generation than oil, even with the current compressed prices. Demand for renewable energy is predicted to increase by 13% in 2015 as "dirty coal goes out of fashion" and global governments impose tighter environmental rules, while China currently consumes almost half of all the coal burnt every year. The Economist Intelligence Unit suggests that the growth in renewables will outpace that of petroleum and coal, and energy companies will feel the impact of low oil, gas and coal prices in 2015.
At the same time, low oil prices drive PE and PP prices in USA down. North American polypropylene (PP) resin prices ended 2014 with a double-digit drop in December. Current cheaper prices of virgin polymer in relation to recycled materials will confirm how environmentally-friendly and how focused on sustainability some businesses really are.
(edie.net)
(Plastics & Rubber Weekly)
(edie.net)

Multi-functional open-time & freeze-thaw additives


SOLVAY developed an innovative open time extender, suitable for textured Coatings. "Rhodoline OTE-500" is a high performance APE-free, VOC-free and low odor additive that extends open time to deliver freeze-thaw and open time performance of waterbased paints and coatings.
(specialchem.com)

DOW's low-VOC silicone additive for solvent-borne paints & inks


DOW Corning has launched "700P Additive" to improve pigment dispersion, prevents flooding and floating, improves gloss, reduces haze, and resists yellowing at high temperatures in solvent-borne systems. This low-VOC, low-odor siloxane-based additive is a highly efficient pigment dispersant that enables formulators to achieve stable titanium dioxide pigment dispersions with a reduced tendency toward flooding and floating, improving color consistency.
(specialchem.com)

Unsaturated polyester resins to reach USD 10.48 billion by 2019


Transparency Market Research has published a new report analyzing the global unsaturated polyester resin market. The report estimates that rising demand from the construction industry will enable the unsaturated polyester resin market to improve upon its 2012 valuation, US$6.54 billion, to reach a market value of US$10.48 billion by 2019.
Unsaturated polyester resins have various applications in the construction industry. The market suffered as a result of the 2008 recession, but the post-recession boom for the construction industry is expected to aid the unsaturated polyester resin market during the report's forecast period. The report looks into the global unsaturated polyester resin market according to product type, end-use application, and geographical distribution. The markets for four types of unsaturated polyester resin are analyzed: orthopthalic, isopthalic, DCPD resins, and other types such as vinyl ester resins.
The construction industry has the highest demand for unsaturated polyester resin, taking up 25% of the global market. The rapid expansion of the construction industry in developing economies such as the BRIC countries as well as numerous South Asian countries is expected to help maintain the construction industry's dominant market share in unsaturated polyester resins.
(specialchem.com)

RELIANCE reports fall in profits


RELIANCE Industries says net profits for the company's fiscal third quarter, decreased 4.5% compared with the same period of the previous fiscal year, to about $854.0 million. Third-quarter sales decreased 20%. Reliance's petrochemicals third-quarter sales decreased 15% compared with the year-ago period, partly because of lower product prices.
Polypropylene (PP) demand increased 5.3% in India during the first nine months with improved demand from the packaging, automotive, and appliances sectors. Polyethylene (PE) demand was up by 5.0%, and polyvinyl chloride (PVC) demand increased by 5.4%. Demand in India for polyester increased by 4.0% in the first nine months of the fiscal year compared with the year-ago period.
(chemweek.com)

REACH 2020 Roadmap


The last registration REACH deadline for existing chemicals will be on 31 May 2018. The deadline concerns companies that manufacture or import substances in low volumes, between 1-100 tonnes per year. For the last registration deadline, ECHA is expecting a significantly larger amount of small and medium-sized enterprises to register for the first time. Large companies may also have hundreds of chemicals in their portfolios to register. To support all, ECHA has prepared a detailed plan called the REACH 2020 Roadmap, in close consultation with its stakeholders. The roadmap describes the different milestones and support services that ECHA plans to give to the registrants from now until the deadline.
(ECHA)

U.S. paint industry continues recovery from global recession


The U.S. paint industry is continuing its recovery from the global recession of 2008-2009. Consumption is projected to be valued at some EUR 23.88 billion in 2015. Water-based technology is forecast to be 58% of the volume in 2015, up from a 48% share in 1996. Architectural paints are 71% of the WB pounds and industrial coatings, which includes both OEM and special purpose, represent 29%. Solvent-based technology is projected to capture 30% of the 2015 pounds which is down from a 42% share in 1996. Just over 70% of the solvent-based coating in 2015 will be used in industrial applications. Powder, radcure and other 100% solids technologies are nearly exclusively confined to the industrial coatings segment.
(European Coatings)

SABIC Q4 profit down 29% on lower oil price


Falling global oil prices dragged down the net income of Saudi petrochemical giant SABIC by 29% in the fourth quarter. The decrease in net income is mainly attributable to lower average sales prices, partially offset by lower costs for certain feedstocks. The current environment of falling crude prices creates uncertainty for the firm, whose traditional markets are China and Europe as well as at home in Saudi Arabia. SABIC is one of the world's largest petrochemical manufacturers, producing chemicals, fertilisers, plastics and metals.
(Business Insider)

EPA proposes new TDI limits


Toluene diisocyanates (TDI) are the focus of U.S.A.'s EPA. The agency says will protect consumers from new uses and imports of the harmful chemicals. The EPA says that diisocyanates are well known dermal and inhalation sensitizers in the workplace and cause cause asthma, lung damage and, in severe cases, death. EPA's proposed action, a Significant New Use Rule under the Toxic Substances Control Act, would require manufacturers, including importers, to notify the EPA at least 90 days before starting or resuming new uses of these chemicals in consumer products at levels above 0.1% by weight. The new rule is proposed for 2,4-toluene diisocyanate; 2,6-toluene diisocyanate; and TDI unspecified isomers.
(PaintSquare)

Oxea announces price increase for 1,3-Butylene Glycol


OXEA increased list and off-list prices on 1,3-Butylene Glycol by EUR 50/MT, effective January 1, 2015, or as contracts allow.
(chemeurope.com)

BASF expands PVP production


BASF plans to invest up to €56 million in the expansion of its Polyvinylpyrrolidone (PVP) value chain over the next four years. PVP is a polymer which is used in diverse industries, for example the pharmaceutical or the personal and home care sector, mainly due to its binding properties. BASF's global PVP production capacities by up to 6,000 metric tons.
75 years ago the chemist Walter Reppe, working in a BASF laboratory in Ludwigshafen invented and patented the production process for this multi-industry polymer. The precursor of PVP, N-vinylpyrrolidone (NVP), has been produced in Ludwigshafen since 1939 and at BASF's Geismar site since 1992.
(Coatings World)

Global VAM market to reach US$9.26 billion by 2020


New research report indicates that the global vinyl acetate monomer market (Polyvinyl Acetate, Polyvinyl Alcohol, Ethylene-Vinyl Acetate, Ethylene-Vinyl Alcohol) was worth US$6.82 billion in 2013, and – expanding at a 4.5% CAGR during the forecast period of 2014 to 2020 – is expected to reach a value of US$9.26 billion by 2020. Region-wise, Asia-Pacific led the global demand for vinyl acetate monomer, accounting for more than 40% of the total demand in 2013. Europe and North America followed next, and are anticipated to grow at a relatively slower pace during the forecast period. The Rest of the World region, on the other hand, is projected to witness a consistent demand till 2020. The leading players of the vinyl acetate monomer market include Ningxia Yinglite Chemical Co., Ltd., LyondellBasell Industries, Kuraray Co. Ltd., Japan VAM & POVAL Co. Ltd., China Petroleum & Chemical Corporation, Dairen Chemical Corporation, The Dow Chemical Company, Saudi International Petrochemical Company (Sipchem), Celanese Corporation and Wacker Chemie AG.
(chemeurope.com)

Exhibition & Congress : FILTECH 2015


FILTECH is the largest and most important filtration event world-wide. This exhibition is a must for all those concerned with designing, improving, purchasing, selling or researching filtration and separation equipment and services. FILTECH will be held in Cologne, Germany, between 24-26 FEB 2015.
(KölnMesse)

(More upcoming events on : andrianos.com/events)


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News are listed from various sources, as quoted above, aggregated by agents ANDRIANOS Chemicals, Athens, Greece.