SPECIALTY CHEMICALS MARKET ANALYSIS

Market News

Key Developments

• In January 2020, PMC group completed the acquisition of Lanxess’s Organotin specialty business. The Organotin specialty business includes organotin catalysts, specialties and intermediate products. Organotin is mainly used as a specialty chemical stabilizer in manufacturing polyvinyl chloride polymer. Other uses of Organotin include but are not limited to antifungal agent, biocide, agricultural fungicide, etc.
• In December 2019, BASF inaugurated a new antioxidants plant in Shanghai, China. The expansion included a synthesis plant to manufacture “Irgafos” 168 as well as “Irganox” 1076 with annual production capacity of 42 kilo tons. The expansion is aimed to meet the growing demand from the domestic customers.
• In July 2019, BASF announced its plans to start a second production line for tert-butylamine (tBA) plant in Nanjiang, China. Tert-butylamine is a specialty chemical used for manufacturing rubber and tyres. The new plant is set to come on-stream by 2022 and will cater to the growing demand from Asian countries.