Chemical Industry Updates

  Flake graphite has excellent heat resistance and corrosion resistance properties that makes it suitable for refractory applications. Refractory applications such as crucibles and linings used in iron and steel-making industries consumes major share of the global flake graphite production. Flake graphite acts as a binder in the manufacturing of refractory bricks. There is growing demand from iron and steel industry with rapid industrialization in emerging economies which is driving the demand for flake graphite. Flake graphite has wide applications in lithium-ion batteries, brake linings, gaskets, lubricants and refractories owing to its high strength, chemical inertness and thermal stability. It is a mined minerals that occurs naturally as crystalline flake-shaped particles. The purity and thickness of the flake determine its end use. Large and thick flake graphite is used in applications requiring high purity such as electronics and batteries whereas thin flake graphite finds ...

  The fender rope market comprises mooring and docking ropes that are majorly used for safe docking of ships and vessels at ports. Fender ropes help absorb energy during berthing operations and prevent vessels from colliding against quay walls or other infrastructures. They are manufactured using various types of fibers including polypropylene, polyester, polyamide, and nylon to provide durability and strength. Fender ropes find extensive usage at ports, terminals, shore-to-ship operations, LNG/LPG terminals, and shipbuilding & repair facilities. The growing maritime trade Supported by trade agreements between countries Is driving Investments in port Infrastructure development. This Is Anticipated to boost demand for high-performance fender ropes during the forecast period. The Global fender rope market Is estimated to be valued at US$ 679.4 Mn In 2024 and Is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030. Key Takeaways Key Players operating In the f...

  The ethanol market involves the production and sale of fuel grade ethanol and its raw materials. Ethanol is a biofuel commonly blended into gasoline to increase octane and reduce emissions. It is produced from agricultural feedstocks such as corn, sugarcane, and cereal grains through fermentation and distillation processes. Ethanol offers advantages over gasoline such as reducing greenhouse gas emissions and contributing less to global warming. It is increasingly being used as a transport fuel in the light-duty vehicle fleet across several countries to cut dependence on crude oil imports. The growth in fuel ethanol demand from automakers is creating opportunities for ethanol producers and distributors. The Global ethanol market is estimated to be valued at US$ 114.02 Bn in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the ethanol market are Archer Daniels Midland Company (ADM),Valero Energy Corpora...

  The epoxy resins paints market is primarily driven by growing construction activities and infrastructure development projects across both developed and emerging economies. Epoxy resins paints offer superior properties such as corrosion and chemical resistance, abrasion resistance and waterproofing which makes them suitable for use in surfaces exposed to harsh environmental conditions. Some key advantages of epoxy paints include high adhesion to substrates, thermal and mechanical stability, and excellent durability. The rising needs for protective and durable coatings in industries such as construction, automotive, marine and industrial machinery has been propelling the demand for epoxy resins paints. The Global epoxy resins paints Market is estimated to be valued at US$ 13.62 Billion in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period from 2024 to 2031. Key Takeaways Key players operating in the epoxy resins paints are Momentive Performance Materials, ...

  Bioethanol is bio-fuel produced by fermentation of sugar and starch crops including corn, sugarcane, wheat and sorghum. It is mainly used as biofuel in transport fuels such as gasoline. The key advantages of bioethanol are that it is renewable, reduces greenhouse emissions and relies less on petroleum. With rising concerns regarding vehicular emissions and climate change, many countries are promoting greater use of clean fuels such as bioethanol. The growing need for clean, affordable and sustainable fuel alternatives is further driving the demand for bioethanol. The Global bioethanol market is estimated to be valued at US$ 13.7 Billion in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the bioethanol market are CropEnergies, British Sugar, New Generation Biofuels Holdings, Inc., Vivergo Fuels Limited, Butalco GmbH, and Global Green SA. CropEnergies is one of the largest producer of bioethanol in Eur...

The battery materials market includes various materials such as cathode materials, anode materials, electrolytes, separators, and others that are used in the manufacturing of batteries. Cathode materials are primarily used in lithium-ion batteries. These materials include lithium cobalt oxide, lithium nickel-manganese-cobalt oxide, lithium manganese oxide, lithium iron phosphate, and others. Anode materials comprise graphite, lithium titanate, silicon, and more. Battery materials provide high power and energy density to batteries, thus enabling them to store higher energy. Advancements in battery technologies have increased the range of electric vehicles and energy storage options. The global battery materials market is estimated to be valued at US$ 50.6 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the battery materials market are Albemarle, China Molybdenum Co. Ltd., Gan feng Lithium Co., Ltd., Gl...

  Polyurethane prepolymers are an important type of raw material that serve as building blocks for a variety of polyurethane products. They are formed by reacting diisocyanates with polyols to produce polymers with isocyanate groups on the ends of the molecular chains. These isocyanate groups allow the prepolymers to further react and form crosslinked networks. Due to this property, polyurethane prepolymers are very versatile and are used in applications ranging from coatings to sealants to adhesives to elastomers and more. Types of Polyurethane Prepolymers Polyurethane prepolymers can be broadly classified into two main categories based on the type of diisocyanate used in their synthesis: - MDI (Methylene Diphenyl Diisocyanate) based prepolymers: MDI is a widely used aromatic diisocyanate that produces hard yet durable prepolymers. They have excellent heat and chemical resistance but are more brittle compared to other types. Common applications include rigid and semi-rigid f...