Bulk chemicals are also known as commodity chemicals, and are manufactured on a large scale to serve as intermediates or feedstock for a host of downstream and specialty chemicals. They are primarily price driven and are charact ....see more
Propionic acid is a naturally occurring organic acid with chemical formula CH3CH2COOH. The major applications of Propionic acid are animal feed stock preservatives, Herbicides, Pharmaceuticals and others.
Styrenics are thermoplastic materials and widely used in Packaging, Building and construction, Electrical and electronics, Automotive, Household goods etc. Packaging and constructions are primary application in terms of utilization of Styrenics. Growth of Styrenics market is expected to be driven by growing demand of Acrylonitrile butadiene styrenics and Expandable polystyrenic polymers in Asia Pacific region.
The increasing demand of ECH in China and growth in the end-user segments such as paint and electronic industry are key factors to drive the global ECH market. Epoxy resin is the main application which consumes a large part of ECH. Properties of epoxy resin make it suitable for wide variety of applications such as paints, electrical & electronics, construction, wind turbine, composites, adhesives, and others. Since, epoxies have the largest share in applications; growth of the epoxy resin industry will ultimately contribute to the growth of ECH industry.
Ethylene oxide and ethylene glycol are bulk chemicals that are experiencing strong market growth. Much of this growth is due to a strong demand in the downstream applications of ethylene oxide and ethylene glycol. Ethylene oxide is witnessing strong surge in demand in its end-user applications especially in ethylene glycol and ethoxylates whereas ethylene glycol’s end-user applications witnessing significant growth are polyester fibers and PET resin that are growing strongly in most parts of the world.