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Resins & Coatings

News Review

26

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Specialty chemicals to reach USD 470 billion worth by 2020


The Specialty Chemicals Market size in terms of value is projected to reach USD 470 Billion by 2020, at a CAGR of 5,42% between 2015 and 2020, according to a report published by MarketsandMarkets.
Specialty chemicals by functions range from antioxidants, biocides, catalysts, enzymes, separation membranes, specialty coatings, specialty pigments, surfactant, rheology modifier, demulsifier and others.
Specialty coatings and surfactants collectively accounted for 27.19% share in terms of value in 2014. Increase in demand for specialty chemicals such as construction chemicals, pesticides, oilfield chemicals, mining chemicals and others is mainly due to the huge demand from Asia-Pacific region, and growth in end-user industries such as construction, automotive, and electronics. Growth is expected to be partly driven by turnaround in these key markets and the increasing need for specialty chemicals for these functions.
Construction chemicals are the major type of specialty chemicals, and are expected to witness the highest growth rate of 8.63%, from 2015 to 2020. The demand for construction chemicals is increasing on account of the growing construction sector in the major emerging economies such as China, India, South Korea, and Brazil.
(chemeurope.com)

ELEMENTIS hurt by decline in oil projects in North America


ELEMENTIS' specialty products division provides functional additives, used to improve the flow characteristics and performance of its customers' products in paints and coatings, cosmetics, as well as applications in oil and gas exploration.
Scarce demand in oil drilling products is causing problems to Elementis:
The decline in North American oil projects is not new news but the squeeze is really starting to hurt Elementis. Sales of additives into this market are expected to a show a decline of at least 30% in the first half. Elsewhere, coatings additives have been performing satisfactorily at least, barring in China, where demand is starting to come off previous levels, as evidenced in the second quarter.
This Chinese fall-off is not likely to impact overall coatings additive sales for the period but this as much down to offsetting progress being made in the North American New Martinsville facility as well as Latin American synergies from the company's Watercryl business.
(SHARES)

Acrylic ester market to grow by 6,3% until 2019


The Acrylic ester market is expected to witness a CAGR of 6,3% between 2014 and 2019 in terms of value, and is anticipated to generate a global market value of USD 9143 Million by 2019.
The acrylic ester market is experiencing moderate growth, especially in Asia-Pacific and North America, due to the increased applications of super absorbent polymers in diapers and training pants.
The Asia-Pacific region was the world's largest market for acrylic esters both, in terms of volume and value in 2013. China is the key consumer of acrylic esters in Asia-Pacific. Various expansions and new product developments in the acrylic esters industry and the growing applications of super absorbent polymers have in turn made the region a potential growth market for acrylic esters and its market.
(chemeurope.com)

MOLYCORP finally files for bankruptcy protection


Molycorp Inc. filed for bankruptcy protection, becoming the biggest corporate failure in a bleak year for the mining industry, hit by slumping commodity prices and waning demand from its biggest customer, China.
Molycorp, the sole U.S. miner and producer of rare earth elements, said it secured an agreement with creditors to restructure its USD 1,7 billion in debt, and obtained USD 225 million in new financing to continue operations. It expects to have a court-approved restructuring plan by the end of the year.
(Wall Street Journal)

HUNTSMAN acquires polyurethanes maker Tecnoelastomeri


Huntsman Corporation announced that it has completed the acquisition of Tecnoelastomeri, a manufacturer and marketer of methylene diphenyl diisocyanate (MDI) based hot-cast elastomer systems and processing machines, based in Modena, Italy.
Hot-cast polyurethanes are used in many downstream applications, including bumper pads, coated conveyor belts, gears, rollers and wheels. These applications are used in the automotive, rail, oil and gas, mining and steel industries among others. Huntsman has supplied MDI for these applications for many years. The 2014 sales revenue for Tecnoelastomeri was approximately USD 12 million.
Commenting on the acquisition, Tony Hankins, President of Huntsman's Polyurethanes division, said: "We are very pleased with the acquisition of Tecnoelastomeri. The addition of its highly experienced team to our Polyurethanes business will significantly strengthen our offer to the growing, downstream hot-cast elastomer markets globally".
(chemeurope.com)

AXALTA and HEMPEL jointly develop coating for gas pipelines


Axalta Coating Systems has formed a strategic partnership with Hempel to formulate a coating system for natural gas transmission pipes.
The new coating has been claimed to offer external coatings with significant corrosion protection and internal coatings with advanced flow efficiency for the oil and gas pipelines.
The product will combine the corrosion protection capability of Axalta's fusion-bonded-epoxy powder with Hempel's liquid, flow-efficiency epoxies for internal coating. The new coating is said to be a corrosion and abrasion-resistant internal and external coating, which will be adapted to harsh environments.
Hempel supplies coatings to the decorative, protective, marine, container and yacht markets for various applications, including wind turbines, bridges, hospitals, ships, power stations and homes. The company has presence in more than 80 countries worldwide, and has a workforce of over 5,000 across its 27 factories and more than 150 stock points.
Axalta provides coatings and sustainable solutions to light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines.
(Chemicals Technology)

BASF inaugurates acrylic acid complex in Brazil


BASF inaugurated its world-scale production complex for acrylic acid, butyl acrylate and superabsorbent polymers in Camacari, Bahia, Brazil. These are the first plants for acrylic acid and superabsorbent polymers in South America. The complex has a capacity of 160000 MT/year of acrylic acid. The investment of more than EUR 500 million is the largest in BASF's more than century-long history in South America.
"BASF is the global leader in the acrylic acid value chain. This major investment will further strengthen our position in the growing South American market", said Michael Heinz, member of the Board of Executive Directors of BASF SE and responsible for South America.
The construction of the new complex started in March 2012. The three plants at the complex have created 230 direct jobs and 600 indirect jobs in the region. BASF is setting the highest quality standards in Brazil, after recently having started up similar plants for acrylic acid and superabsorbent polymers in Nanjing, China. Brazilian employees were trained at BASF sites in the United States, Belgium and China and are now bringing their expertise to South America.
In addition to the new Camacari complex, BASF will convert its butyl acrylate plant at its existing site in Guaratingueta near Sao Paulo to produce 2-ethylhexyl acrylate, an important raw material for the adhesive and coatings industries. This will be the first plant of its kind in South America. Production is expected to start in 2016 and will be based on acrylic acid produced in Camacari.
(chemeurope.com)

AXALTA commissions new waterborne plant in Germany


Axalta Coating Systems commissioned its new waterborne manufacturing facility in Wuppertal, Germany, nine months after ground was broken on the project.
The facility further expands Axalta's substantial operations in Wuppertal and reflects Axalta's commitment to produce environmentally responsible waterborne coating technology, for which there is a growing demand.
The new Wuppertal facility will manufacture coatings for most light vehicle original equipment and commercial vehicle original equipment manufacturers (OEMs) in the region. Axalta's Chairman and CEO, Charlie Shaver, said: "The region, and in particular Germany, has become synonymous with some of the finest automotive engineering in the world and is home to some of our key customers".
(Coatings World)

ARKEMA increases hydrogen peroxide prices


Arkema increases its prices of all grades of Hydrogen Peroxide in Europe by 7% effective on July 1st, 2015 or as commitments allow.
The objective of this price increase is to continue restoring the profitability of this business, in order to allow Arkema to continue satisfying the market’s growing requirements.
(chemeurope.com)

IMI FABI appoints OMYA as new distributor


IMI Fabi has appointed Omya as its new distributor of talc for the paints, coatings, adhesives, sealants, construction and paper markets.
"We are proud to enter into this cooperation with IMI Fabi. The complete portfolio of talc offered to us for distribution enhances our existing minerals and distribution activities. It is a perfect alliance for both companies in terms of production expertise/capabilities and market coverage", says Bill Cardew, Vice-President Sales Europe, Omya.
IMI Fabi offers a complete portfolio of talc products covering a wide range of industries including polymers, paper, paints and coatings. Omya is a global producer of industrial minerals – mainly fillers and pigments derived from calcium carbonate and dolomite – and a worldwide distributor of specialty chemicals.
(European Caotings)

Conference & Exhibition : Latin America Coatings Show 2015


The Latin American Coatings Show 2015 (LACS 2015), in its 9th edition organized by ANAFAPYT (Mexican Paint and Printing Ink Manufacturers' Association, member of the IPPIC) is the most important international exhibition in Latin America for the paint, ink and coatings industry to be held June 30-July 2, 2015 at Centro Banamex in Mexico City, Mexico.
LACS 2015 offers an extensive exhibition area where raw material suppliers, equipment manufacturers and other manufacturing related suppliers of paint and coatings in general present their products, innovations, new materials and developments to potential buyers.
The 2015 ANAFAPYT LACS forum will home more than 40 conferences and courses, taught by speakers of national and international importance.
(ANAFAPYT)


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