Chemicals News Today

India’s chemical market presents a mixed outlook on October 12, 2026, as strong Chinese price momentum supports Phenol, Acetone, Methanol and selected aromatic chemicals, while fresh port arrivals improve domestic availability. Brent crude eased 1.36% to around $103.04–103.29/bbl, but Middle East shipping risks continue to support feedstock costs and import-replacement uncertainty.

IDFC First Bank released its daily petrochemical market summary for October 12, 2026, providing updates on various polymer and aromatic products across different regions.

The global propylene-petrochemicals market is projected to grow from $138.36 billion in 2025 to $180.02 billion by 2030, driven by rising demand across automotive, packaging, and industrial applications.

The global refrigerants market is projected to grow from $29.3 billion in 2025 to $46.65 billion by 2030, driven by cold chain expansion, electric vehicle thermal management, and strict environmental regulations.

The global ethylene dichloride market is valued at $15.6 billion in 2025 and is projected to reach $21.4 billion by 2033, growing at a CAGR of 4.1%, driven by rising vinyl chloride monomer demand.

India is shifting from urea self-reliance to raw-material security. HURL is advancing green urea at Barauni and coal-to-gasification urea at Sindri to cut import reliance and boost domestic capacity.

Chemplast Sanmar will acquire a 27% stake in Yesaryes Energy for Rs. 45 lakh to source clean electricity from its 37.5 MW solar plant, reducing energy costs through the group captive model.

Middle East conflicts and shifting trade flows are reshaping chemical markets across India and Asia, while major acquisitions, regulatory probes, and economic forecasts signal ongoing regional industry adaptations.

Researchers developed metal-organic frameworks to efficiently remove toxic metals and recover valuable rare-earth elements from wastewater, achieving capture capacities up to 490 mg/g.

Bengal scientist Shoubhik Das led international research published in 'Science' demonstrating a new method to transform carbon dioxide into a chemical building block for pharmaceuticals and plastics, reducing hazardous waste.