Market News
Global Nitrile Butadiene Rubber Market: Key Developments
- In April 2021, ARLANXEO a producer of a broad portfolio of Butadiene Rubbers marketed under the brand name BUNA®, launched its legal entity ARLANXEO India Private Limited, which will commence operations from Mumbai.
- In April 2021, Sinopec-SK Petrochemical Co. Ltd, a joint venture of SK Global Chemical (a subsidiary of SK Innovation) and Sinopec, planned to complete its expansion of new petrochemical facilities and start operation in full throttle in the second half of 2021, with a 40% increase in capacity from 2.2 million metric ton of petrochemical products. The expansion in annual production capacity comprises 0.19 million metric tons of butadiene along with other chemicals
- In September 2021, Apcotex a rapidly growing specialty chemical company with a diverse customer base across key markets. Its Taloja latex plant’s capacity increased from 55000 MT to 65000 MT p.a. The Valia rubber plant’s capacity enhanced from 16000 MT to 21000 MT p.a.
- In Oct 2021, Dynasol Group is one of the leading names in the synthetic rubber market, ranking among the 10 largest companies of its sector in the world. They announced the surcharges of US$ 325.5MT on all synthetic rubber and rubber chemicals produced in Europe.
- In December 2021, ARLANXEO and TSRC a joint venture called ARLANXEO-TSRC (Nantong) Chemical Industrial Co., Ltd., announced the plan to relocate the current plant of its joint venture - ARLANXEO-TSRC (Nantong) Chemical Industrial Co. Ltd. from the northern to the southern section of the Nantong Economy and Technology Development Area (NETDA) Chemical Park, Jiangsu, designed annual capacity of NBR (nitrile-butadiene rubber) in the new location, which will increase from 30,000 ton to 40,000 ton per annum.
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