Bulk & Specialty Chemicals

Rubber processing chemicals market to be driven by the surging demand for tires from the automotive sector, rising establishment of new rubber processing plants to propel the industry trends

Posted on

Owing to the surging deployment of rubber components in various applications, the revenue graph of rubber processing chemicals market has lately been observing a commendable incline. Right from tires and seals to conveyor belts and housing, rubber is prominently used in automobiles and other industrial sectors. Considering the escalating demand for this polymeric substance, numerous core companies have been working to establish new facility centers across myriad geographies. The consistent construction of such rubber production plants across the globe is thus poised to impel rubber processing chemicals market size over the years ahead.

U.S. rubber processing chemicals market size, by product, 2014 – 2025 (USD Million)
U.S. rubber processing chemicals market size, by product, 2014 - 2025 (USD Million)

The increasing awareness about the growing deforestation pertaining to the rise in the production of rubber-based components will also have a significant impact on the rubber processing chemicals market. Most of the rubber manufacturers, on these grounds, have been shifting their focus toward the development of sustainable rubber and have also been working to facilitate recycling of rubber plants.

With the increasing proportion of automobile purchase across the globe, tire and rubber manufacturers have been expanding their facility centers to cater to the rising demand. The growing development of new rubber manufacturing plants has in turn been influencing rubber processing chemicals industry size – say for example, a few days ago, Versalis commenced a new rubber production plant in Italy that will mainly deliver products to the automotive industry. In this project, the Italian chemical company has invested more than USD 250 million to reindustrialize the production plant.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/1405

The aforementioned investment has been touted to emerge rather beneficial for Versalis and will increase its production capacity to nearly 50,000 metric tons per annum. In addition to the capacity expansion, the company is also looking forward to establishing a research center at the same location. Collectively, the increasing investments by chemical companies in the development of new rubber manufacturing plants will have a positive influence on the Europe rubber processing chemicals market share.

In the past two decades, India and China have emerged as prominent business hubs for automakers and chemical companies owing to the surging demand for vehicles. It is prudent to note however, that after the use of vehicles and auto parts such as tires, window housing, and other rubber products, there is a rise in the level of rubber wastage. In fact, over the last few years, the solid waste from used tires has been increased tremendously which has led to major environmental issues. In accordance, several rubber manufacturing companies have been coming forward to recycle tires post usage. The shifting focus of rubber manufacturers toward the adoption of recycling technologies for maintaining the environmental decorum is poised to fuel the demand for rubber processing chemicals on a large scale.

Speaking along the same lines, in South Africa, the Mathe Group recently decided to develop a new recycling facility. Earlier before the establishment of recycling plants, only 4% of waste tires had been recycled, however, the number has considerably increased now. As per estimates, in 2016, at one of its recycling plants, Mathe processed nearly 65,000 tires, and currently, the Mathe Group has been processing nearly 30 to 40 tons of used truck tires per day. Mathe’s proactiveness proves that the growing concern about the need for waste tire processing is slated to impel rubber processing chemicals market outlook over the years ahead.

Proportionate to the remarkable rise in the use of rubber for several applications, investments in the rubber processing chemicals industry have been increased rapidly. Aided by myriad plant expansions, new technology adoption, and the spate of tire waste recycling practices, the demand for rubber processing chemicals is bound to experience an upsurge ahead. The increasing awareness among the tire manufacturers about the prominent need of product enhancement for gaining more profit and strengthening their customer base will also stimulate the rubber processing chemicals market size, which is likely to be pegged over USD 5.3 billion by the end of 2025.

Author NameSunil Hebbalkar

Advertisements

North America soy chemicals market to emerge as a pivotal regional contender over 2018-2024, escalating demand for soy-based food products and medicines to fuel the industry expansion

Posted on

Pertaining to the surging importance of soybean pertaining to its many medicinal benefits, soy chemicals market has emerged as one of the most profitable spheres of the healthcare cosmos. Experts assert that the consumption of soy can lead to a reduction in cardiovascular diseases, breast cancer, as well as cosmetic and dermatological problems. In addition, soy injections help patients with diabetes mellitus to improve metabolism. Considering the nutritional benefits of soy, most of the nutritionists have been encouraging the consumption of soy and its food derivatives that has resulted in the demand upsurge for soy-based drugs and food products on a large scale. On these grounds, several medical companies have been developing soybean oil-based medicines, providing a push to soy chemicals market trends.

U.S. Soy Polyols Market Size, By Application, 2017 & 2024, (Kilo Tons)

Nowadays, several restaurants and food companies have been making tall claims about having incorporated heart-healthy oils in their products such as dressings, bottled oils, baked goods, snacks, and dips to attract more consumers who have been trying to reduce the inclusion of saturated fat in their diet. The U.S. is one of the largest producers of soybean, accounting for more than 30 percent of worldwide production.  In America, soybean is one of the most used ingredients owing to its health potential. In this regard, the U.S. Food and Drug Administration (FDA) has been providing suitable support to pharmacies and biomedical companies that have been involved in the development of soybean oil-based medicines for reducing the risks associated with coronary heart disease and cancer.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2973

Recently, the agribusiness and food ingredient company, Bunge North America received an approval from the U.S. FDA for its claim related to the consumption of soybean oil and its connection to coronary heart diseases. With its versatile portfolio, Bunge is continuously striving to disseminate the importance of soybean oil and its health benefits. Moreover, facilitated with in-depth scientific and clinical research, Bunge is looking forward to strengthening its business with strategic acquisitions and joint ventures. The growing North America soy chemicals industry is slated to generate such attractive business opportunities for players such as Bunge over the years ahead. Indeed, driven primarily by Canada, U.S., and Mexico, North America soy chemicals market, claim estimates, will register a CAGR of more than 5% over 2018-2024.

In order to target the leading consumers of soybean and its food products, globally renowned companies have been establishing suitable partnerships to commercialize their activities by reducing import costs. Validating the aforementioned fact, on February 2018, Cargill and Archer Daniels Midland company formed a JV to supply soybean meal and oil across Egypt. This JV has also acquired the crush plant of the Egypt based oil company located in Borg Al-Arab. In addition, Cargill also has been investing to expand its daily crush capacity from 3000 metric tons to 6000 metric tons with which it will decrease the soybean meal imports in Egypt. This strategy will help Cargill to expand its business across Egypt and North Africa to enhance its customer base by supplying affordable, safe, and healthy food. With the adoption of such business tactics, the players in the soy chemicals market are aiming to utilize their existing facilities and infrastructure in order to meet the growing regional product demand.

The increasing popularity of soybean oil and its byproducts among the manufacturers of consumer and industrial products over petroleum and other hazardous ingredients is slated to stimulate the industry trends over the years ahead. In addition to medicinal usage, the deployment of soybean products for manufacturing coatings, plastics, solvents, adhesives, rubber, and lubricants will also have a positive influence on business growth. Driven by the rising number of facility expansions, soy chemicals market size is anticipated to be pegged at USD 44.5 billion by the end of 2024.

Author Name : Sunil Hebbalkar

Ethylene-based plant growth regulators market to be driven by surging demand for fruit ripening agents, escalating need for combating food shortage to stimulate the industry trends over 2018-2025

Posted on

Focusing on the adverse effect of climate change on the cultivation of crops, players in plant growth regulators market have lately been encouraging farmers to increase the productivity of crops. The rapidly growing population across the globe and the corresponding food production have come out to be inversely proportional. In accordance, several regulatory bodies and groups like the Food and Agriculture Organization (FAO) are also contributing toward controlling the hunger and food deficit across the globe.

U.S. plant growth regulators market size, by product, 2014 – 2025 (USD Million)
U.S. plant growth regulators market size, by product, 2014 - 2025 (USD Million) 

More precisely, they have been trying to enhance the food security and sustainably nourish the global populace by encouraging people to use advanced technologies and appropriate plant growers for cultivating crops. In addition, several companies contributing to the plant growth regulators industry have been partnering with farmers to educate them about the use of mechanization and better seeds for fulfilling future food needs.

The increasing awareness among the farmers about the benefits and use of plant health boosters is likely to propel the plant growth regulators market share. With the advent of new agricultural practices, farmers have been trying to reduce the risk associated with the shortage of food across the globe. Genetically modified plants are also one of the inventions of researchers that are witnessing a positive impact on the food security and food safety initiatives implemented by the various regional governments. In fact, the researchers have been putting their efforts to increase the quantity of produce developed from existing farmlands.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2890

Cargill is one of the leading contributors of plant growth regulators market that has been supporting farmers across the globe to adapt to the changing climatic conditions by investing in innovations and providing training to the farmers. In addition, it also has been collaborating with multilateral organizations, governments, and civil society groups to encourage farmers to use plant growers that will build resilience across the global food system.

As of now, cases of hunger and malnutrition in underdeveloped countries owing to food shortage have increasingly been coming into the picture. In this regard, for achieving a sustainable and sufficient rise in agricultural productivity, policymakers and pesticide manufacturers have been investing in the development of a wide range of plant growth hormones that are essential for the growth and development of the crops. Traditionally, ethylene, auxins, and cytokinins are some of the majorly used plant hormones, but with progressive research, new regulators like polyamines are also being adopted by farmers.

Over the last few years, ethylene has been counted among the popular plant growth regulators playing a crucial role in the ripening of numerous types of fruits comprising melons, pear, banana, and apple. The surging use of such plant growth regulators to speed up the ripening process is poised to improve the product demand over the years ahead. For the record, ethylene plant growth regulators industry will register the highest annual growth rate over 2018-2025, pertaining to the surging demand for fruits across the globe.

The role that policymakers play to increase farming practices for the stability of food production, to curb poverty, and enhance global health has indeed been impacting plant growth regulators industry size considerably. The increasing concerns among the masses about fitness and health also will have a significant influence on industry growth.

The growing importance for food security to decrease poverty across countries that are totally agro-based will indeed propel the need for plant growth regulators over the years ahead. The initiatives taken by global federal agencies to break the cycle of poverty and hunger as well as to improve the nutritional value of food will prove to be revenue generating opportunity for the key players. Driven by the increasing need to enhance the crop productivity, plant growth regulators market will generate revenue of more than USD 9.7 billion by the end of 2025.

Author NameSunil Hebbalkar

Ethyleneamines market to gain momentum with escalating demand from the pharmaceutical and agrochemical sectors, global industry to be defined by increasing investments by prominent contenders

Posted on

With expanding global demand for various pharmaceutical, agrochemical, personal care, additives and chelating agents, the ethyleneamines market is expected to witness exponential growth opportunities over 2018-2024. This can be essentilayy credited to the fact that ethyleneamines have emerged as some of the basic ingredients required for the manufacturing of such products. That chemical industry giants like AkzoNobel Specialty Chemicals are heavily investing in the ethyleneamines market speaks volumes for the future growth prospects for the industry.

U.S. Ethylenediamines Market Size, By Application, 2017 & 2024, (Kilo Tons)
U.S. Ethylenediamines Market Size, By Application, 2017 & 2024, (Kilo Tons)

In 2017 AkzoNobel developed a technological breakthrough in the production of ethyleneamines and derivatives, a technology that has been hailed as a game changer in the ethyleneamines market. The process made it possible to reduce raw material consumption which in turn has contributed towards lowering production costs and improving environmental performance when compared to the current process of ethyleneamines production.

Considering the fact that ethyleneamines are potent intermediate chemicals involved in the production of epoxy curing agents that are in high demand in the expanding wind turbine fabrication industry and they also act as additives for oil, road materials, and paper, it is easily explicable why leaders in the chemical industry are interested in increasing their investments in the ethyleneamines market. Key chemical industry players such as Dow Chemical Company, BASF, Huntsman Corporation, Delamine etc. have all made substantial investments in the ethyleneamines industry noting the immense potential held by the business.

After the development of the revolutionary procedure for the production of ethyleneamines, recently AkzoNobel started the construction of a prototype plant in Sweden that is meant to demonstrate the more sustainable production procedure of ethyleneamines from ethylene oxide. The facility is being viewed as a further step towards the commercialization of the innovative technology and with the construction underway, AkzoNobel has started to explore options for a world-scale manufacturing facility.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2388

The ethyleneamines industry is expected to register increasing demand with the rapid expansion of the pharmaceutical industry as ethyleneamines find immense application as a raw material for the production of antidepressants, antimalarials, antibiotics, antihistamines, local anesthetics and muscle relaxants. The global population is estimated to increase by 1.24% each year until 2030, and 28% of the global population will be aged between 65 to 80 which is a significant rise when compared to approximately 22% in 2000. The aging population will necessarily add to the demand of common medications such as painkillers and prescription drugs like antibiotics, in turn adding momentum to the ethyleneamines market.

Besides the pharmaceuticals industry, extensive application of ethyleneamines in the agrochemical industry has added significant impetus to the ethyleneamines market. The expanding population will once again promote the scope for the use of agricultural chemicals which will in turn fuel the ethyleneamines industry as it acts as one of the notable ingredients in pesticides. Indeed, ethylenediamines market size from pesticides is anticipated to surpass $290 million by 2024. Ethylenediamines, a sub-product of ethyleneamines, are used in the production of fungicides for the prevention of mildew, scabs, rust and blight in agricultural products. As the population increases, it becomes imperative to improve agricultural production that would help ethyleneamines market to forge new growth avenues.

Chelating agents also make for a considerable portion of the ethyleneamines market revenue. The size of the diethylenetriamine market is poised to surpass 10 kilo tons by 2024 solely due to the increasing demand of chelating agents. The expanding size of the paper & pulp industry is expected to act as a driving factor for the chelating agents market. Paper-based packaging materials demand observed in the packaging sector will register growth due to the developments in e-commerce and the increasing demand for door step delivery system of perishable goods, home appliances and other products.

The increasing global awareness for the usage of recycled paper products will also have a positive influence on the chelating agents market in the ensuing years. Estimates show that global paper and pulp industry registered more than $500 billion in 2015, a growth rate that is expected to be maintained in the forthcoming years adding impetus to the growth of the chelating agents sector, and inconsequence, impacting the expansion of ethyleneamines market.

The application scope of ethyleneamines is immensely humongous, and the product being used as a building block in several industries will eventually contribute towards the growth of the ethyleneamines market. For the record, ethyleneamines industry size is anticipated to surpass $3 billion by 2024.

Author NameParoma Bhattacharya

Lithographic printing chemicals market to accrue hefty proceeds from packaging applications, global industry valuation to surpass $17 billion by 2025

Posted on

Owing to the increased demand for high quality and low cost printing, the lithographic printing chemicals market has been steadily growing in conjunction with the development of the packaging, publication and promotion sectors. The ability of printing chemicals to be applied on numerous types of materials and surfaces has particularly cemented their place in global packaging space for producing large quantities of product packaging. The lithographic printing chemicals industry benefits from improved output and a quick turnaround time achieved in lithographic printing, supported with latest technologies for making minute adjustment in images. Rising need for efficient and outstanding packaging options, in addition to the consistent demand for regular publications and increased promotional spending worldwide has pushed the lithographic printing chemicals market revenue, that stood at USD 12.5 billion in 2017.

U.S. Lithographic Printing Chemicals Market Size, By Application, 2014 – 2025 (USD Million)
U.S. Lithographic Printing Chemicals Market Size, By Application, 2014 – 2025 (USD Million)

Essentially, packaging is one of most important aspect of a product development, though it might not be the first part a company works on. The lithographic printing chemicals industry has witnessed tremendous proliferation due to offset printing’s dominance in the folding carton market globally, which serves a wide range of product applications. Manufacturing of folding cartons has always remained stable depending on the prevailing consumer trends and is a mature industry having a foothold in the food & beverages, cosmetics, consumer durables, among other segments. Valued at more than USD 75 billion per year, the global folding carton industry provides vital packaging options made from paper, cardboard, heavy solid board and light corrugated board. The need to apply quality and durable prints on such diverse packaging materials will give a significant boost to the lithographic printing chemicals market.

With the growth of emerging techniques like digital printing, offset printing has still been able to maintain its popularity, mainly attributed to the overall print quality and being more cost-efficient for large volumes. As such, most of the packaged food, perfumes, household product and beer companies use folding cartons that are offset printed, contributing heavily towards the earnings of the lithographic printing chemicals industry. Various packaging firms produce custom lithographic packaging for the beverage industry, for instance, Strong Haven offers custom designs to help brands increase their shelf exposure. It had recently designing a 12 bottle package for a brewing company, which had bold colors and graphics imprinted though lithography, after which the client reported a rise in the sales of its product lines.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2938

The brewing company had credited the packaging as being the primary reason for the sales increase, further propagating the importance of offset printing and invariably, the lithographic printing chemicals market. Separately, Hop Kettle brewery had approached Saxon Packaging in May 2018 to help the company raise funds for the National Thames Path trail, for which Hop Kettle was to become the official beer. To support the brewery, Saxon developed litho printed beer gift packs and Hop Kettle expected to draw more customers through packaging which housed 3 beer bottles. Most major alcohol brands also use litho-printed folding cartons for packaging their products, indicating the massive growth potential of lithographic printing chemicals market.

Besides beverage, packaging companies catering to the food snacks sector also make extensive use of lithographic printing presses to make cartons and boxes for popular brands. They also invest in installing the newest machines which will help them in expanding production capacities and provide better packaging options to customers. Accurate Box, is a provider of high-quality graphics for corrugated packaging being used by major global brands like PepsiCo and Kellogg’s, and is one of the largest litho-based packaging companies in the U.S. At the end of June 2018, the company added a new Koenig & Bauer Rapida 164 seven-color press for enhancing production capacity, speed and computerized quality systems. The machines is very effective in matching shades and images depending on the brands and has advanced color control capability along with quality measuring system.

All in all, with a worldwide surge in the consumption of food, beverages, fragrances and other products, the proportional increase in need for cost-efficient and aesthetically advanced packaging will propel the lithographic printing chemicals industry enormously. TCI Graphics, SICPA Holding SA, DIC Corporation, Flint Group, Siegwerk Druckfarben AG & Co., Huber Group and Tokyo Printing Ink Company are some key players in the global lithographic printing chemicals market, which is anticipated to reach more than USD 17.5 billion in remuneration by 2025.

Author NamePankaj Singh

Bentonite market to accrue extensive returns via rising demand for calcium bentonite in oil & gas drilling activities, global industry to cross a total consumption of 25 million tons by 2024

Posted on

Predominantly driven by widespread applications in iron ore pelletizing, drilling muds, refining, and foundry sands, the global bentonite market is anticipated to garner considerable remuneration over 2018-2024. Subject to rising foreign direct investment from developed nations such as the U.S. and Japan, the steel market in India and China has promoted the iron pelletizing business. In this regard, it would be prudent to mention that bentonite is the major raw material that is utilized as a binding agent to speed-up mineralization rates in the steel manufacturing companies, essentially accelerating the bentonite industry share growth.

U.S. Sodium Bentonite Market Size, By Application, 2017 & 2024, (Kilo Tons)
U.S. Sodium Bentonite Market Size, By Application, 2017 & 2024, (Kilo Tons)

Elaborating on the numerous unique properties of bentonite, it is used to improve thermal resistance, increase drop strength, impart structural stability to iron pellets. Owing to these excellent features, the uptake of bentonite has increased in the steel mills. Moreover, bentonite increases the productivity of sponge iron with less amount of energy. Here, it is quite imperative to mention that steel companies have been feeding the output to iron palletization plants to make the ore usable in steel manufacturing – a factor that has undoubtedly provided immense business opportunities for the players operating in the global bentonite market.

Increasing O&G exploration activities across various geographies to boost calcium bentonite industry:

Numerous developed and emerging nations across the world have initiated large-scale oil and gas exploration activities, of late, to reduce the volume of petroleum imports so as to decrease the widening current account deficits of their respective economies. In this regard, it would be prudent to mention that calcium bentonite is utilized in drilling & fracking activities owing to its high viscosity and applications in drilling mud. It helps in keeping the stone detritus in suspension when purge pumps are inoperative while creating boreholes in the ground to access petroleum reserves.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2939

Enumerated below are a few examples of developed and emerging economies where the increasing number of oil and gas exploration and mining operations have been instrumental in boosting the growth potential of calcium bentonite market:

  • The overall oil and natural gas production capacity of the U.S. has been reaching record levels in the recent time. In 2017, the North American country reportedly became a net natural gas exporter for the first time in 6 decades. According to the statistics published in the Annual Energy Outlook 2018, a report compiled by the U.S. Energy Information Administration, the total natural gas production capacity of the nation was registered to be 73.6 billion cubic feet per day (Bcf/d) in 2017 and is slated to reach 118 Bcf/d in 2050. The rising natural gas production has invariably benefited the overall U.S. calcium bentonite industry share which is slated to grow at a 5% CAGR over 2018-2024.
  • In an attempt to drastically enhance its domestic crude oil production and cut its mounting crude oil import bill, India has been increasing its natural gas production on the onshore blocks in the recent years. As per reliable estimates, India’s natural gas output grew 2.5% to 32,649 Million Standard Cubic Meter in the fiscal year 2017-2018, the highest in six years. These statistics are a testimony to the growing number of oil and gas drilling activities in the nation – a factor that has contributed toward bentonite market share expansion in the past few years.

Driven by rising infrastructural growth, escalation in automotive manufacturing, and increasing activities of oil and gas drilling, the overall commercialization scale of bentonite industry is expected to exceed USD 1.95 billion by 2024. MIDPOINT Chemicals, Wyo-Ben, Halliburton, Black Hills Bentonite, CETCO, Delmon Group of Companies, and Mineral Technologies are the prominent companies spearheading the global bentonite market.

Author NameSaif Ali Bepari

Biobased & synthetic polyamides market to be characterized by product innovation trends, global industry to exceed USD 42 billion by 2025

Posted on

The robust proliferation of 3D printing technology across almost every sector, has ushered the global biobased and synthetic polyamides market into an era defined by pathbreaking technological trends. Polyamides, with their flexible, durable, and strong material characteristics have been one of the most reliable raw materials for the industrial applications of 3D printing. Given the tremendous demand for the material, several prominent players operating in the overall biobased and synthetic polyamides market have been going the whole hog to bring forth economical, versatile, efficient, and energy saving materials.

U.S. biobased & synthetic polyamides market size, by end-user, 2014 – 2025 (USD Billion)
U.S. biobased & synthetic polyamides market size, by end-user, 2014 – 2025 (USD Billion)

Recently for instance, the French chemicals company Arkema has launched a commercial platform dedicated to 3D printing materials products. The company plans to release its new resins into the North America and Asia Pacific market in following three years. Reports revealed that Arkema’s PEKK resins will be introduced in the U.S. this year, while its photocure resins and polyamide 11 bio-sourced resins will be launched in China in 2019 and across Asia by 2021 respectively.

DSM is another major biobased & synthetic polyamide industry major who has debuted a new carbon-fiber-filled polyamide 6/66 filament grade – Novamid ID1030 CF10 – especially for the 3D printing applications. According to reports, Novamid, with its high dimensional stability and higher tensile strength, is designed for efficiently printing structural parts.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2939

With such increasing participation of industry contenders in deriving suitable materials for specific applications, the advent of 3D printing technology has certainly emerged as a lucrative growth avenue for the global biobased and synthetic polyamides industry expansion. It is also prudent to mention that polyamide 6 and polyamide 66 together accounted for more than 80% of this market’s product landscape in 2017. Despite the sheer dominance, industry analysts anticipate that biobased polyamide 11, will be the one witnessing rapid growth in the ensuing years.

Biobased polyamides to witness brighter outlook in the forthcoming years

The growing consumer awareness and interest in bio-based plastics has brought a tremendous surge in the biobased polyamides demand in the recent years. In fact, an increasing number of participants, especially in the industrial space including automotive & transportation, medical devices, construction, and consumer electronics, have been substituting the conventional fossil fuel based material with bio-based alternatives offering hands on sustainable & biodegradable trends. Derived from castor oil derivatives, reports claim the polyamide 10 and polyamide 11 to have been the most significant biobased variants forecast to register a 10% CAGR over 2018-2025.

The increasing customer interest in bio-based plastics has further led the industry players to develop several grades of polyamide from biodegradable feedstocks. The companies operating in this business sphere have been long investing into R&D and product innovation activities to come up with reliable products that could strengthen their stance in the global biobased & synthetic polyamides industry. Enumerated below are some of the prominent examples, where the world leading giants are seen tapping biobased polyamides.

  • BASF, the German chemical giant in 2007 introduced a castor-oil based polyamide, Ultramid Balance, comprising over 60% sebacic acid and offering better perforce than its synthetic counterparts.
  • DuPont is also among the leading industry players that introduced its Zytel long-chain polyamides PA10 and PA610 in 2007. Both the products are based on sebacic acid, where PA610 has over 60% renewable content and PA10 has 100%.
  • Renowned biobased & synthetic polyamides industry major Evonik Industries introduced bio-based VESTAMID® Terra DS – a polyamide 1010 which is obtained completely from the monomers of castor oil. This is expected to used extensively as special cables in the automotive industry – where the bio-based product trend has already hit several manufactures.

As the industry participants are vigorously focusing on developing engineering bio-polymers from castor-oil, the green chemicals trend is certain to carve lucrative growth for the overall biobased & synthetic polyamides market in the ensuing years. Castor-oil, for the record, is obtained from the bean of the castor plant – which is neither used for food nor in animal feed – as a result of which it doesn’t compete with global food crops. This has further propelled the demand for manufacturing bio-based polyamines.

Further gaining precedence over the traditionally derived polyamides from crude oil, it would be wrong to say that biobased PA has indeed traversed a remarkable growth graph in the recent years, in turn driving the global biobased & synthetic polyamides industry share. The exponential growth is apparently vivid from a report compiled by Global Market Insights, Inc., that claims the overall biobased & synthetic polyamides market valuation to hit USD 42 billion by the end of the year 2025

Author NameOjaswita Kutepatil

.