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Global Chemicals Quick Review
The global titanium dioxide market has a good prospect
Maknau, CEO of Chemours, a US titanium dioxide producer, said in an interview with Axis Xunsi: "Usually when the cost of ore begins to rise, the price of titanium dioxide will follow
.
The global titanium dioxide market has begun to improve, and the market should improve
in 2020.
Through our e-commerce platform, we found that the price of titanium dioxide delivery in the future is higher than now
.
This is a good sign, and we expect titanium dioxide prices to rise
over time this year.
Mark Newman, chief operating officer of Chemours, also said at the company's fourth quarter 2019 results conference: "For titanium dioxide, our market indicators have been in a positive trend for several months, and from a demand perspective, we are sure that this year will be more optimistic
.
" ”
The global water treatment chemicals market will grow rapidly
Consumption of water treatment chemicals is expected to grow faster than GDP growth in the coming years
.
According to the latest data from IHS Markit, global demand for water treatment chemicals is expected to grow at an average annual rate of 3.
6% from 2018 to 2022; In contrast, global GDP is expected to grow by 2.
6% this year and an average of 2.
7%
in 2021 and 2022.
Despite the strong market outlook, megatrends in the global water treatment chemicals industry are changing its priorities
.
As businesses turn to big data and digitalization to enable water reuse, there is growing interest in water reuse and recycling
.
These are bright times
for water treatment chemical manufacturers.
Industrial and municipal customers are in growing
demand for their products and services.
South Korea's lubricant demand hits a ten-decade low
According to the latest report by the Korea Lubricant Industry Association, total lubricant sales in South Korea fell by 4.
6% to 990,000 kiloliters in 2019, compared to 1.
04 million kiloliters in 2018, which is the lowest level
of lubricant consumption in the country since 2009.
The Korea Lubricants Industry Association attributed the 10-decade low in lubricant demand in 2019 to economic friction
at home and abroad.
Lim Jongchan, head of the association, said: "The overall economic environment in 2019 was not very good, with consumer confidence falling and economic growth slowing in developing countries as the two trade disputes between South Korea and Japan and the United States and China continued, resulting in a significant decline
in domestic demand in South Korea.
According to data from the Bank of Korea, South Korea's gross domestic product (GDP) grew by 2% in 2019, the slowest pace
since 2008.
The total value of the global automotive composite materials market will exceed 10.
2 billion US dollars
According to the United Nations Climate Change Report, road transport currently accounts for 17% of
global carbon emissions.
The automotive industry must transition to low-carbon vehicles to meet global climate protection goals such as raising the global average temperature below 2°C above pre-industrial levels
.
This seemingly ambitious goal can actually be achieved through fundamental changes, such as improving vehicle fuel efficiency
.
The improvement of automobile fuel efficiency can be achieved by reducing the weight of automobiles, which will stimulate the demand
for automotive composites.
Among the composites, composites made of thermoplastics and reinforced fiberglass are being favored by automakers because they provide the light weight and tensile strength
needed for fuel economy.
According to the latest report from Global Industry Analyst, the global automotive composites market is expected to exceed $10.
2 billion
by 2025.