Market News
Recent Developments
New product launches
- In March 2021, Dow Chemical Company, a U.S. based multinational corporation launch its new solvent methylene chloride under the brand name DOWCLENETM 1190 in the Indian market. It is used as a process solvent across various industries including agrochemicals, coatings, cleaning, and automotive. This launch widened Dow’s solvent offerings for the growing Indian market. The company is among the three largest chemical producers in the world. It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law. Dow Inc.
- In January 2020, Ineos Group Limited, an U.K. multinational conglomerate, announced the opening of a new production facility for methylene chloride in the U.S. The new plant has the capacity to produce more than 30,000 tons annually. This helped Ineos Group Limited expand its methylene chloride production capabilities in North America. Till 2021, it is the fourth largest chemical company in the world, with additional operations in fuel, packaging and food, construction, automotive, pharmaceuticals, textiles, and professional sports
Acquisition and partnerships
- In December 2021, KH Chemicals, a leading distributor of base chemicals, completed the acquisition of MC Chemical China Ltd. This acquisition expanded KH Chemicals presence in China and strengthened its position in the methylene chloride market. Founded in 1994, it is currently active in more than 90 countries worldwide. Being part of Ravago Chemicals Group enables the company to pursue global expansion and strategic growth.
- In October 2020, Dow and Veolia announced a partnership to utilize recycled plastic waste as feedstock for production of new polymers and solvents including methylene chloride. This partnership aligns with Dow's sustainability targets.
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