Blog - Basic Chemicals

The Pandemic and the Green Line Regulation to Accelerate Growth of the Ethylene Glycol Market

Mar 26, 2021

Increasing demand for PET packaging and urgent need for eco-friendly refrigerants to become the main drivers of the ethylene glycol market growth.

The Global Ethanol Market to Make a Bet on Antiseptics Amid a Pandemic and Cheap Oil

Mar 23, 2021

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The use of ethanol as a fuel additive became unprofitable in 2020, which threatens countries' plans to switch to environmentally friendly fuels, but the demand for alcohol-based disinfectants increased significantly.

New Carbon Footprint Limitations to Tighten Competition on the European NPK Fertilizer Market

Mar 15, 2021

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The NPK fertilizer consumption in the EU in 2020 was approximately equal to the level of 2019, estimated at approx. 12 million tons or approx. $4.9B. Due to the pandemic, imports of fertilizers to the EU countries fell sharply in April-May 2020 but started to recover in July. A new challenge to the fertilizer market may be the introduction of a carbon tax on imported products in the EU countries. Modern plants for the production of ammonia fertilizers, in terms of energy consumption, are close to the theoretical minimum, which makes further improvements difficult and costly. Enterprises will be forced to enter into serious price competition in the struggle for the European sales market.

Rising Demand for Alternative Fuels to Spur the Global Methanol Market

Mar 4, 2021

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The use of methanol as an alternative fuel is in line with the new global green agenda and can become a new driver of the methanol market. Maritime and automotive fuels constitute the prospective methanol applications. China is the largest market for imported methanol, with import growth to persist, should more cars work on the methanol fuel.

The Low-Carbon Agenda and the Rising Demand for Innovative Fuels to Drive the Global Ammonia Market

Feb 24, 2021

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With the pandemic's impact, it is expected that in 2020, global consumption of ammonia should remain nearly unchanged against 2019. In the medium term, as the global economy gets back to work, the market will start recovering, driven by major fundamentals that existed before the crisis.