Page 140 - CW E-Magazine (12-11-2024)

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Top Stories • SORBITOL POWDER

• FRUCTOSE POWDER
unrealised, and collaboration between • SUCRALOSE POWDER
industry and government is needed to • HYDROQUINONE
build capacities and translate potential
into reality,” he emphasised. • TRI N BUTYL PHOSPHATE
• TRIETHANOLAMINE
Polyolefi ns in oversupply • ACESULFAME K POTASSIUM
Mr. John Mathew, Vice President – SAURABH INDUSTRIES
Global Business Development, Chemi- • ASPARTAME
cal Market Analytics by OPIS, UAE, • L-ASPARTIC ACID (AN ISO 9001:2015 CERTIFIED COMPANY)
gave an update on the olefi ns and poly- Please Contact:
olefi ns markets and highlighted the signi- paNchaMrut cheMicaLs READILY AVAILABLE
fi cant supply surge between 2024 and TEL: 9223433550 / 9870795121
2028. Email: mpdoshi1@gmail.com TANKER LOAD & DRUMS
info@panchamrutchemicals.com
Between 2024 and 2028, about Mixture of
42-mtpa of incremental ethylene capacity
is expected, while demand is projected Mr. John Mathew 63(&,$/ 2))(56
to increase by 30-mt cumulatively dur- operating rates and margins for several “Despite strong growth prospects, :LWKRXW 'LVWLOODWLRQ :H FDQ ISO BUTANOL, N-BUTANOL
ing the same period, he said. The high years,” he noted. self-suffi ciency levels for polyethylene 5HVROYH ¶S+· 3UREOHP RI PD[LPXP
supply surge is overwhelming any de- and polypropylene in India are expected SURGXFWV DQG VROXWLRQV N-PROPANOL, ETHANOL ETC.
mand growth, leading to a signifi cant “Polyethylene operating rates are to remain low, with most demand met 5HPRYH WKH OLJKW VPHOO RI DOO W\SHV RI VROYHQWV
decline in operating rates, particularly projected to fall below 80% -- a histori- by imports. By the end of the forecast $OVR FRORU UHPRYDO RI VRPH VROYHQWV
in Northeast Asia, Southeast Asia and cal low. It is expected to remain in the period in 2034, self-suffi ciency levels for 27+(56 Application : Ink Reducer, Thinner, Polish etc.
South America. mid- to upper-70s throughout the 2030s. polyethylene are projected to go down :H SURYLGH ¶%\ 3URGXFWV·
Post 2028, there may be some improve- from 65% to 42%, while polypropylene $ 5HFRYHUHG 6ROYHQWV
Propylene supply glut is also over- ment in operating rates, but barring self-suffi ciency is expected to drop from % 2UJDQLF &KHPLFDOV For your requirements please contact
whelming demand, with global operat- any unannounced shutdowns, delays or 80% to 67%.The Indian market remains & ,QRUJDQLF &KHPLFDOV
ing rates projected to hit historical lows. rationalisation, we don’t expect to see a bright spot for growth, but signifi cant 'LUHFW &RPSDQ\ 5HOHDVH ¶%\ 3URGXFWV· SAURABH INDUSTRIES
operating rates into the 80s until 2034,” imports are necessary to meet demand,” ZLWK &RPSDQ\ 1DPH :LWK 3URGXFW 1DPH
“Between 2024 and 2028, about 38-mtpa he predicted. he remarked. 0 V *DMDQDQ &KHPLFDOV &RQVXOWDQF\
of propylene capacity is expected to ) *OREDO 7UDGH &HQWHU 3ORW 1R 54-JL, Part of 55N, Industrial Area Maxi Road,Ujjain (M.P.)
1U -3 ,QGXVWU\ *,'& $QNOHVKZDU
come on stream, contrasting with an In polypropylene, 17-mtpa of capa- Future outlook &RQWDFW 0U 5DMNXPDU .16 $', Web : www.saurabhindustries.com , E-mail : support@saurabhindustries.com
incremental demand of about 20-mt. city was added between 2020 to 2024. Mr. Mathew concluded by stating Customer Care No. : +91 9229399901, 9229399905
Global operating rates for propylene “There will be no respite from the capa- that the trough in the industry could last
capacity are projected to be at historical city surge with another 8.5-mtpa com- for several years, with no signifi cant Manufacturers of: HIGH PURITY
lows around 60% by 2026, improving ing on stream between 2025 to 2028,” improvement until the end of the decade KIP CHEmICALS PrIVATE LImITED ZIRCONIUM CHEMICALS
211/212, Gold Crest Business Park, Opp. Shreyas Cinema, LBS Marg,
slightly to the mid-30s by 2034,” said Mr. Mathew. The demand growth unless rationalisations occur. Ghatkopar (W), Mumbai - 400086. M.H., India. ammonium / Potassium Zirconium carbonate
Zirconium Basic carbonate
informed Mr. Mathew. continues to stay in positive territory at Phone: +91-22-49730477 / 577 / 677 w Mobile: +91-9892492782 Acetate l Sulphate l Oxychloride l Nitrate
a multiple of GDP, but it is expected to “Demand growth is unlikely to Email: kipchemicals@gmail.com w Web: www.kipchemicals.com Hydroxide l Other Zirconium Salts
In polyethylene, between 2021 to slow down by 2034, he added, and noted surge back, with the global economy PHARMA INDUSTRY Zirconium Chemicals Pvt. Ltd.
2023 about 16-mtpa of additional capa- that the sheer supply overhang will put facing signifi cant headwinds. Strategi- Acetone Cyanohydrin 2 - Pyrrolidone Office: 4, Vikram Jyoti Society, Deonar, Mumbai 400 088.
1,5 - Pentanediol Liquid
Office No.: 25584532
Thiophene
city came on stream. Even before the demand growth under a lot of pressure, cally, China is unlikely to slow down Butyraldehyde 5,5-Dimethyl Hydantoin & Derivative Factory: Tel.: 9136333867 / 27410928  Mob.: 09819819364
industry could recover from that, an and impact PP operating rates. new builds or FIDs, while the rest of Glyoxylic Acid -50% 2 - Bromo Thiophene / 2 - Chloro Thiophene / Email: info@zcplindia.com / zcpl95@gmail.com
additional 27-mtpa is coming on stream the world may differ or delay. Idling Glutaraldehyde-50% 2 - Nitro Thiophene / 2 - Acetyl Thiophene
Meta Bromo & Meta Chloro Anisole – Optional
Isobutyraldehyde
Manufacturers of
between 2025 to 2028. Indian market assets could be an option, but it comes Gamma Butyrolactone 5 - Acetyl Salicylamide HIGH quALITy ProDuCTS
Speaking about the Indian market, at a cost, and rationalising assets may Indole / 5 - Bromo Indole / 5 - Cyano Indole Di Ethyl Pyro Carbonate At Competitive Price. Distilled
“The annual demand growth rate is Mr. Mathew said the nation is a con- be necessary for the industry to recover. COSMETIC INDUSTRY Thioglycolic Acid 80% & 99% MEG, DEG, TEG
Allantoin Isododecane
forecast to grow at a rate of about 3.5% sumption-driven economy with strong Producers should focus on gaining any DMDM Hydantoin - Preservative Potassium Thioglycolate & Calcium Thioglycolate
from 2024 to 2034 with rate slowing structural fundamentals, healthy demo- differential advantage, improving effi - Behentrimonium Chloride 85% Pellet form APG - Alkyl Polyglucoside Mixture
Coco Glucoside
down to 2.5% by 2034. So, the record graphics, and a consuming middle ciencies, and considering rationalisation INDUSTRIAL CHEMICALS Natural Cosmetic Beads Parasmani Industries
supply overhang will continue to impact class. in the long term,” he said. BCDMH - Bromo Chloro Dimethyl Hydantoin Powder Methyl Cyclohexane Plot No.: 61 & 68, GIDC Estate, Waghodia,
1 3-dimethylol-5-5-dimethylhydantoin Dist. Vadodara 391 760 Gujarat.
Mob.: +91 9825040850 * email: parasmanind@gmail.com
13/16 24/12
140 Chemical Weekly November 12, 2024
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