ELECTRONIC CHEMICALS MARKET ANALYSIS

Market News

Recent Developments

• On December 5, 2023, Merck, a prominent science and technology company, introduced AIDDISON, a groundbreaking drug discovery software. This marks the first-ever software-as-a-service platform that addresses the divide between virtual molecule design and practical manufacturability. AIDDISON™ achieves this integration through the incorporation of the SynthiaTM retrosynthesis software application programming interface (API).
• On September 21, 2023, Dow unveiled a fresh lineup of propylene glycol (PG) solutions in Europe, incorporating alternative feedstocks with lower carbon impact, bio-based sources, and circular production methods. This development enables customers across various industries, including pharmaceuticals, agriculture, and food, to offer end-products with verified sustainability benefits. The use of a mass balance approach, certified by ISCC PLUS, meticulously traces the flow of sustainable raw materials in the (propylene glycol)PG manufacturing process through a complex value chain, providing verifiable and third-party validated sustainability credentials.

Key Strategic Initiatives

• On June 19, 2023, JSR Corporation is delighted to announce the formalization of a partnership agreement with Hokkaido University, also known as Hokudai, is a Japanese national university located in Sapporo, Hokkaido, Japan. As the fifth Imperial University in Japan, it was part of a series of institutions established to serve as the country's premier centers for higher education and research. This collaboration is focused on the manufacturing, sales, and promotion of functional lipids that is designed for lipid nanoparticles, a key component in drug delivery systems.
• In march 2022 A second facility for producing liquid hydrogen has been announced by Air Products and Chemicals (US) in California. The company will be able to meet the demand for hydrogen fuel cell vehicles (FCV) with the aid of this production facility. Additionally, the business has made investments in a pipeline network and six industrial gas plants in China. These plants will provide bulk gases such as oxygen and nitrogen. This expansion will help China's rapidly expanding electronics manufacturing sector.