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Chemicals News Today

Latest Market News Of Chemicals

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India Paints Industry Projected To Cross 16.5 Billion Dollars By 2030

India Paints Industry Projected To Cross 16.5 Billion Dollars By 2030

India's paints industry is set to grow from $9.6B (2024) to $16.5B by 2030 (9.4% CAGR), fueled by urbanization and housing. It faces margin pressure, competition, and $219M H1 FY26 raw material imports.
TotalEnergies Marketing India and Energy Core Lanka Unveil a New Chapter of Lubricants Excellence in Sri Lanka

TotalEnergies Marketing India and Energy Core Lanka Unveil a New Chapter of Lubricants Excellence in Sri Lanka

TotalEnergies Marketing India partners with Energy Core Lanka to launch high-performance lubricants in Sri Lanka. This expands TotalEnergies' global presence (120 countries, 16,000 service stations) and brings advanced automotive and industrial solutions to the market.
Singareni Collieries, Altmin to collaborate for battery-grade lithium refinery in Telangana’s Hyderabad

Singareni Collieries, Altmin to collaborate for battery-grade lithium refinery in Telangana’s Hyderabad

SCCL and Altmin will invest ₹2,250 crore to establish India's first 30,000 TPA battery-grade lithium refinery in Telangana by 2027. This JV aims to localize refining, reduce import dependence, and boost India's EV and energy storage sectors.
LyondellBasell–Sipchem Plan Major Petrochemical Complex in Jubail

LyondellBasell–Sipchem Plan Major Petrochemical Complex in Jubail

LyondellBasell and Sipchem plan a joint petrochemical complex in Jubail, Saudi Arabia, operational by 2032. It will produce 1.5 million tons/year of ethylene and 1.8 million tons/year of polymers, boosting regional petrochemical production.
Supreme Petrochemical Raises GPPS and HIPS Prices

Supreme Petrochemical Raises GPPS and HIPS Prices

Supreme Petrochemical has announced a price increase of ₹1,000/MT on both GPPS and HIPS, effective December 16, 2025. This move impacts the petrochemical market.
PE Market Update: Rupee Weakness Signals Potential Domestic Price Hike

PE Market Update: Rupee Weakness Signals Potential Domestic Price Hike

The Indian rupee's all-time low near 91 against the US dollar is increasing cost pressure on the PE market. Domestic producers may announce price hikes as early as tomorrow due to currency weakness.
Kumiai Chemical’s profit plummets on impairment, foreign exchange losses

Kumiai Chemical’s profit plummets on impairment, foreign exchange losses

Kumiai Chemical's net sales rose 5.8% to ¥170.4B, but net profit plunged 67.8% to ¥4.3B due to impairment and foreign exchange losses. Operating profit fell 6.9% to ¥10.5B, despite fine chemicals surging 97.9%.
Westlake to close three US chlor-vinyl plants, exit styrene

Westlake to close three US chlor-vinyl plants, exit styrene

Westlake Corp. is closing three US chlor-vinyl and one styrene plant, impacting 295 jobs. This move aims for a $100M annual EBITDA benefit and $75M cash savings from 2026, improving profitability and exiting the styrene business.
Rising Patent Applications and India-Pakistan Trade Dynamics

Rising Patent Applications and India-Pakistan Trade Dynamics

India has 475,814 patent applications pending as of November, nearly doubling in five years. Concurrently, India exported goods worth Rs 1,037.78 crore to Pakistan from May to October, primarily drugs and chemicals.
EU chemical production: -15% over 10 years

EU chemical production: -15% over 10 years

EU chemical production fell 15% to 224 million tonnes in 2024, and consumption dropped 18% to 232 million tonnes compared to 2014. Hazardous chemical usage also significantly declined, with most harmful substances down by 18 million tonnes.

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