US crude settles at near US$45, rising by almost 2% after 6 consecutive days of losses

US polypropylene imports in September rise; exports fall

US polypropylene exports in September totaled 100,237 mt, data from the American Fuel and Petrochemical Manufacturers showed, down 2% from the 102,497 mt exported in August, as per Pla...

Automotive plastic market expected to witness steady growth by 2020

The key drivers of automotive plastics markets are potential of automotive plastic in mass reduction of fuel consumption by reducing the overall weight of the vehicle, increasing price...

Shell lifts force majeure on base chemicals, confirms restart of Singapore cracker

Shell Singapore has restarted its naphtha-fed steam cracker at Pulau Bukom and lifted force majeure on base chemicals from Monday, as per a company spokesperson reported by Platts. The...

Recycled plastic market headed for growth and global expansion by 2026

Recycled plastic are materials that undergo the process of plastic waste recovery and reprocessing it into beneficial products. These plastics are also recycled during the manufacture ...

Demand for plastics in electric vehicles to grow well on support from government policies and taxation schemes

The electric vehicle plastics market is projected to grow at a CAGR of 27.82%, to reach a market size of US$1.49 bln by 2021, as per MarketsandMarkets. Several countries are ...

Black velvet BOPP films for post lamination processes like spot UV, foil stamping, printing

BOPP based black velvet lamination films offer an intense black color along with a velvet touch to the laminated paper/paperboard or package, thereby enhancing its aesthetics. This fil...

Abu Dhabi plans substantial investments in petrochemicals

Abu Dhabi Inc plans to grow substantially in petrochemicals as part of its strategy to diversify away from oil through technology-driven industries, as per thenational.ae. State oil co...

Global masterbatch market to reach US$12.61 bln by 2020, at a CAGR of 7%

The global masterbatch market is estimated to have accounted for US$8.35 bln in 2014 and is projected to reach US$12.61 bln by 2020, registering a CAGR of 7% between 2015 and 2020. The...

Polymers for high load solutions in aircraft construction

Quadrant Engineering Plastic Products' (EPP) polymer solutions in Aerospace industry are dedicated to metal-to-plastics conversion. As a further development to the broad existing p...

Global biodegradable mulch films market to reach US$64.3 mln by 2024

The global biodegradable mulch films market value is expected to reach USD 64.3 million by 2024, as per a report by Grand View Research, Inc. Growing population coupled with ...

LG Chem to invest US$100 mln to double ABS output at Chinese petrochemical JV by 2018

LG Chem Ltd plans to invest US$100 million to double output of  acrylonitrile, butadiene and styrene (ABS) plastics at its joint venture plant in China by 2018, as per Reuters. Ca...

Non-halogenated flame retardant market expected to reach US$3.45 bln by 2024

Global non-Halogenated Flame Retardants Market size is expected to reach US$3.45 bln by 2024; according to a new research report by Global Market Insights, Inc. Positive outlook f...

LPG in Asia less attractive as petchem feedstock amid narrowing propane-naphtha spread

Asian LPG has become less attractive to North Asian petrochemical producers as steam cracker feedstock as the spread between propane and naphtha narrows, market sources in Platts. Naph...

Polypropylene to grow well in global composites industry by 2021

The future of polypropylene resin in the global composites industry looks good with opportunities in transportation, consumer goods, and electrical/electronics industries. As per Lucin...

Polymer processing aid market estimated to surpass US$ 2.20 bln by 2021

The global market for polymer processing aids is projected to grow from US$1.71 bln in 2016 to US$2.21 bln by 2021, at a CAGR of 5.2% between 2016 and 2021, as per ...

Leakage leads to shutdown of Huntsman ethylene oxide unit in Port Neches, Texas

Huntsman has shut an ethylene oxide unit at its Port Neches, Texas, plant due to a leak, as per company reports in Platts. A leaking gasket on an outlet valve forced the Wednesday shut...

Global Vacuum packaging market to surpass US$22.8 bln by 2024

The vacuum packaging market has witnessed a large number of mergers and acquisitions, leading to a consolidation competitive landscape over the last few years. Most of these activities...

Chlorinated Polyethylene demand estimated to register 8% CAGR from 2016 to 2021

The global chlorinated polyethylene market is projected to grow from US$395.4 mln in 2015 to US$620.2 mln by 2021, at a CAGR of 8% between 2016 and 2021. Rising demand of chlorinated p...

Demand for lithium polymer battery to grow well uptil 2024

Lithium polymer (LiPo) battery or more accurately known as lithium ion polymer battery is a rechargeable battery found in a pouch format. LiPo battery uses polymer electrolyte instead ...