Latest news with #BASF
Bloomberg
a day ago
- Business
- Bloomberg
BASF Set to Take Next-Round Bids for Coatings Arm in August
BASF SE has asked bidders for its coatings business to submit offers next month after shortlisting suitors for the unit that could be worth €6 billion ($7 billion) or more in a deal, according to people familiar with the matter. Private equity firms Carlyle Group Inc., KPS Capital Partners, Lone Star Funds and Platinum Equity have proceeded to the next round of bidding, the people said. Dutch paint maker Akzo Nobel NV has also been picked and is the only industry player remaining, said the people, who asked not to be identified as the information is private.
Reuters
3 days ago
- Business
- Reuters
German chemical lobby VCI sees no sector recovery before 2026
July 17 (Reuters) - Germany's chemical industry lobby VCI does not expect a sector upswing before 2026, even though the rapid downtrend the chemical-pharmaceutical industry has seen in recent years seems to be over, it said on Thursday. The chemical industry including pharmaceuticals recorded sales of 107 billion euros ($124 billion) in the first half of 2025, down 0.5% from a year earlier, affected by lower industry output as companies announce plant closures and job cuts, VCI said. "The situation remains tense. In the first half-year, our industry produced around 15 percent less than in the pre-crisis year of 2018," Markus Steilemann, VCI president and CEO of Covestro , said in a press release. The industry recorded a 1% drop in industrial production, while producer prices remained stable, the chemical association said. The third-largest industry of Europe's powerhouse Germany can be seen as a bellwether for the broader region's economy as it produces material components used in various sectors ranging from automotive and construction to agriculture and textiles. Germany's BASF ( opens new tab, Covestro and Brenntag ( opens new tab recently lowered their annual forecasts, citing persistent global economic weakness, subdued demand and the impact of U.S. tariffs, with no signs of a near-term recovery. "The business location Germany is overly expensive in an international comparison," Steilemann said, blaming this on excessive bureaucracy, non-competitive energy prices, and high taxes, labour costs and raw material prices. To overcome these challenges, the German government has introduced a series of fiscal measures to stimulate the sluggish economy, including a 500 billion euro infrastructure fund launched in March and a 46 billion euro tax relief package approved in June to support businesses through 2029. According to Anna Wolf, industry expert at the Ifo Institute for Economic Research, the new infrastructure fund and electricity tax cuts for industry are the main driving factors for German business expectations. ($1 = 0.8626 euros)
Yahoo
3 days ago
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- Yahoo
[Latest] Global Polypropylene Glycol Market Size/Share Worth USD 6.30 Billion by 2034 at a 4.9% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Polypropylene Glycol Market size & share revenue was valued at approximately USD 3.85 Billion in 2024 and is expected to reach USD 4.05 Billion in 2025 and is expected to reach around USD 6.30 Billion by 2034, at a CAGR of 4.9% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are LyondellBasell, BASF SE, Dow Inc., Covestro AG, Huntsman Corporation, INEOS Group, Shell Chemicals, Mitsui Chemicals, SKC Co. Ltd., Formosa Plastics Corporation, Repsol S.A., Perstorp Holding AB, Sanyo Chemical Industries, DIC Corporation, PCC Rokita SA, Kumho Petrochemical Co. Ltd, Jiangsu Haian Petrochemical Plant, Zhejiang Huangma Chemical Co. Ltd., Shandong Dongda Chemical Industry, China Petroleum & Chemical & Others. Austin, TX, USA, July 17, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Polypropylene Glycol Market Size, Trends and Insights By Grade (Industrial Grade, Pharmaceutical Grade, Food Grade), By Application (Polyurethane Production, Cosmetics & Personal Care, Pharmaceuticals, Lubricants & Hydraulic Fluids, Adhesives & Sealants, Food & Beverage), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database. 'According to the latest research study, the demand of global Polypropylene Glycol Market size & share was valued at approximately USD 3.85 Billion in 2024 and is expected to reach USD 4.05 Billion in 2025 and is expected to reach a value of around USD 6.30 Billion by 2034, at a compound annual growth rate (CAGR) of about 4.9% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Polypropylene Glycol Market @ Overview According to industry analysts at CMI, the U.S. market for Polypropylene Glycol (PPG) witnesses growth more for the increase in demand for polyurethane foams used in construction, automotive work, and insulation. Ramped-up utilization in the cosmetics and personal care industry or pharmaceutical applications begs for the same. Higher industrial automation with lubricant demands also keeps the market free to expand. Plus, the diligence toward high-purity and bio-based grades echoes along regulatory and sustainability lines. Fast-paced industrialization and infrastructure development constitute the key regional growth engines in the Asia-Pacific region, boosting PPG production and consumption in myriad end-use industries. Key Trends & Drivers Expanding Polyurethane Applications: Polyurethane manufacturing continues to be the foremost market for PPGs, particularly in flexible and rigid foams used for insulation, furniture, automotive interiors, and construction materials. Worldwide infrastructure developments, improvements in standards of energy efficiency, and lightweighting of vehicles are supporting the rise in polyurethane consumption. Demand for spray foams for both residential and commercial insulation further accelerates this growth. As PPGs form a core polyol system used in polyurethane formulations, the consumption of PPGs is directly dependent on the growth of construction and automotive industries, especially in Asia-Pacific, North America, and emerging markets in Africa, where construction and housing activities are picking up pace. Growth of Personal Care and Cosmetic Market: Being a humectant, emollient, and solvent, PPG finds application in many cosmetic and personal care formulations. Since the post-pandemic period, with an awareness of skincare and hygiene rising, demand for lotions, creams, hair conditioners, and grooming products has been on the rise worldwide. Consumers are demanding better multifunctional and skin-friendly products, resulting in manufacturers turning to high-purity grades of PPG. Growth of e-commerce, premium personal care brands, and a shift in consumer demand toward sulfate-free and clean-label formulations are some of the current growing opportunities in the market. The Asia-Pacific and North America markets are the growth engines provided by urbanization, increasing disposable incomes, and the proliferation of consumer segments focusing on beauty and wellness. Request a Customized Copy of the Polypropylene Glycol Market Report @ Increasing Demand in Pharmaceutical Formulations: Pharmaceutical-grade PPGs are widely used in drugs of oral, topical, and injectable forms. Being non-toxic and non-irritant, it is one of the best excipients, allowing the solubilization of various active ingredients in regulated healthcare applications. Treatment of chronic diseases, OTC drugs, and demand for safe excipients are some of the driving forces behind the segment. Another trend favoring the pharmaceutical segment for sustainable long-term demand is the growth of pharmaceutical manufacturing in emerging markets such as India and Brazil. This is further favored by strict global regulatory standards of the USFDA and EMA for medicines. Increasing Demand for Industrial Lubricants and Fluids: It is used as synthetic lubricants, hydraulic fluids, and heat transfer fluids, where the need for biodegradability and non-toxicity is paramount. Increasing industrial automation and the sophistication of machinery will drive demand for high-performance lubricants. Manufacturing, energy, and automotive sectors require thermally stable and durable fluids, and this is precisely what PPG-based formulations offer. The advancement of electric vehicles and clean energy applications presents newer fronts for advanced coolant and lubricant technologies. Europe and North America lead the adoption front owing to stringent environmental regulations; however, Asia-Pacific is fast emerging as a center for growth. Shift Toward Bio-Based and Sustainable Grades: Environmental regulations and consumer preferences are boosting the demand for sustainable and bio-based PPG substitutes. Made from renewable feedstocks such as glycerin, bio-based PPG curtails fossil resource dependency and subscribes to green chemistry. Companies are investing in the development of bio-based polyols to fulfill their regulatory binding targets and corporate sustainability goals. The downside is that it's presently more expensive; however, incentives and brand positioning are fueling the traction of bio-based grades in cosmetics, pharmaceuticals, and specialty applications. Europe and North America lead in adoption, while Asia-Pacific producers are slowly entering this space through strategic joint ventures and technology transfers. Regional Manufacturing Expansion and Integration: Investment in chemical manufacturing infrastructure, including for PPG, continues on a grand scale in Asia-Pacific, especially China and India. Cheaper labor, good sources of feedstock, and favorable government policies are luring manufacturers, both local and foreign, to expand their operations. Regional growth is expected to improve the efficiency of the supply chain, reduce dependency on imports, and enable much cost-effective production. On the other hand, vertical integration strategies enable big players to secure their feedstock, integrate operations, and increase margins. This backdrop strengthens the global supply base while ensuring timely delivery for downstream industries, especially construction, automotive, and personal care. Report Scope Feature of the Report Details Market Size in 2025 USD 4.05 Billion Projected Market Size in 2034 USD 6.30 Billion Market Size in 2024 USD 3.85 Billion CAGR Growth Rate 4.9% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Grade, Application and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Polypropylene Glycol report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Polypropylene Glycol report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Polypropylene Glycol Market Report @ SWOT Analysis Strengths: The PPG market has the advantage of versatility across end-use segments: Polyurethane manufacture, cosmetics, pharmaceuticals, and industrial fluids. It has an all-around well-laid conduit that enables raw materials to be moved worldwide, with the leading chemical producers supplying integrated services from feedstock to finished polyols. There is good demand for industrial-grade PPG in mature markets, whereas pharmaceutical and food grades are positioned as high-margin products. This market enjoys great synergy with the promising sectors of construction and automotive. Asoblast properties of PPG, such as solubility, thermal stability, and low toxicity, greatly increase the scope for its application and commercial utility in both regulated and unregulated industrial environments. Weaknesses: These markets are highly dependent on propylene oxide, the petroleum-based feedstock, thus exposing them to price fluctuations and supply chain risks. Fossil-based chemicals are caught in the middle of environmental and regulatory skepticism, bringing about compliance problems, especially when food and medicinal uses are concerned. The low bio-additive acceptance of PPG induced by higher production costs limits a complete switch to its sustainable form. Regional players are more restricted than big firms when it comes to entering high-purity segments, mainly because of high-quality standards and certification needs. At the same time, the industrial-grade segment allows for hardly any product differentiation, thereby ushering in price competition. The threat to profitability will grow during raw material inflation or logistical disruption periods when these weaknesses get accentuated. Opportunities: There are hefty prospects for growth in the production of bio-based PPG, because of consistent enhancement in the demand for sustainable and green ingredients in personal care, food, and pharmaceutical applications. Pharmaceutical/High-purity markets represent a high-value avenue for manufacturers. Global construction and insulation requirements, especially for regions such as Asia-Pacific and the Middle East, would enhance the requirements for polyurethane production. Considering alternative manufacturing routes would also provide cost benefits and create new customer pools, strengthening competitive positions and reducing dependency on traditional Western markets. Threats: Stringent environmental regulations targeting petrochemical derivatives and VOC emissions would pose a long-term threat to conventional PPG products. Sometimes, geopolitical instability and trade disputes disrupt the supply chains for feedstock and affect costs and availability. Unless innovation and adaptation ensue fast enough, growing competition from alternative polyols and bio-based solvents could chip away at the market share. Regulatory changes in pharmaceutical and food-grade applications might hike up compliance costs and delay the approval of products altogether. Further, inflationary pressures on energy and transportation would continue to be a threat to the operating margins. With the tightening of global sustainability frameworks, companies that fail to invest in greener production technologies are at risk of losing market access or facing reputational risks. Request a Customized Copy of the Polypropylene Glycol Market Report @ Key questions answered in this report: What is the size of the Polypropylene Glycol market and what is its expected growth rate? What are the primary driving factors that push the Polypropylene Glycol market forward? What are the Polypropylene Glycol Industry's top companies? What are the different categories that the Polypropylene Glycol Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Polypropylene Glycol market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Polypropylene Glycol Research Report | Fast Delivery Available - [220+ Pages] @ Regional Analysis The Polypropylene Glycol Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region: North America: An established and mature market in terms of Polypropylene Glycol (PPG) in North America, it is also significant due to its already developed polyurethane, pharmaceutical, and personal care industries. U.S. demand rules the region, with inordinate consumption for automotive interiors, cellular insulation foams, and OTC drug formulations. Manufacturers in this region are forced by strict regulatory frameworks of the FDA and EPA to opt for superior grades with very low toxicity in terms of PPG. The region enjoys the dual advantage of excellent manufacturing infrastructure and sustained R&D investments, along with a willingness towards sustainability. Moreover, the market is increasingly witnessing demand for biodegradable lubrication and hydraulic fluids for industrial uses. On the other hand, the exposure to volatile feedstock prices and tariffs related to trade remains a possible challenge for local manufacturers. Europe: Europe holds a considerable share of the PPG market owing to leading chemical producers, stringent regulations, and mounting demand for bio-based and pharma-grade polyols. Germany, France, and the UK stand as the hubs of regional consumption, mainly for automotive, construction, and personal care segments. Regulatory compliance with REACH and considerations for reducing VOCs have impinged on the manual efforts toward sustainable PPG formulations. The growth is sustained by the development of polyurethane foam applications and the increasing use of premium cosmetics and illnesses in need of PPG. Despite energy costs and chemical controls tightening, Europe still favors specialty PPG solutions that have acquired high value with very low emissions. Asia-Pacific: The Asia-Pacific region remains the largest area and the fastest-growing region of the global PPG market. China, India, Japan, and South Korea together drive demand from rapid industrialization, infrastructure development, and strong growth in categories like construction, automotive, and consumer goods. Demand for personal care and pharmaceutical products is facilitated by the growing middle class, together with an increase in disposable income levels, which in turn pushes higher PPG consumption levels. Furthermore, these regional governments are backing chemical manufacturing through supportive policies and investments. Local producers in China and India are growing their capacity to cater to both local and export markets. The region is going more by way of bio-based PPG, but here, price remains the key concern. LAMEA (Latin America, Middle East & Africa): The LAMEA region gives moderate but steady demand for PPG, with its major markets being Brazil, Mexico, and South Africa. Industrial development and increased construction activities, mainly in Latin America and parts of the Middle East, are supporting polyurethane-related PPG applications. The pharmaceutical and cosmetic industries are growing further in large urban centers, while this trend supports an increase in high-purity grades. Market restrictions include inconsistent regulatory enforcement, a deficit in indigenous production, and heavy dependence on imports. But infrastructure improvement, foreign investments, and regional trade agreements can ease market accessibility and give a fillip to future demand in both industrial and consumer application fronts. Request a Customized Copy of the Polypropylene Glycol Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Polypropylene Glycol Market Size, Trends and Insights By Grade (Industrial Grade, Pharmaceutical Grade, Food Grade), By Application (Polyurethane Production, Cosmetics & Personal Care, Pharmaceuticals, Lubricants & Hydraulic Fluids, Adhesives & Sealants, Food & Beverage), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at List of the prominent players in the Polypropylene Glycol Market: LyondellBasell BASF SE Dow Inc. Covestro AG Huntsman Corporation INEOS Group Shell Chemicals Mitsui Chemicals SKC Co. Ltd. Formosa Plastics Corporation Repsol S.A. Perstorp Holding AB Sanyo Chemical Industries DIC Corporation PCC Rokita SA Kumho Petrochemical Co. Ltd Jiangsu Haian Petrochemical Plant Zhejiang Huangma Chemical Co. Ltd. Shandong Dongda Chemical Industry Co. Ltd. China Petroleum & Chemical Corporation (Sinopec) Others Click Here to Access a Free Sample Report of the Global Polypropylene Glycol Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. Browse More Related Reports: Aromatherapy Essential Oils Market: Aromatherapy Essential Oils Market Size, Trends and Insights By Product Type (Essential Oils, Carrier Oils, Blended Oils, Others), By Application (Relaxation and Stress Management, Skin and Hair Care, Pain Relief and Anti-inflammatory, Others), By Distribution Channel (Online Retail, Specialty Stores, Supermarkets and Hypermarkets, Others), By End-Use (Household Consumers, Spa and Wellness Centers, Medical and Healthcare Facilities, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Synthetic Ethanol Market: Synthetic Ethanol Market Size, Trends and Insights By Feedstock (Starch, Sugar, Cellulose Based, Others), By Application (Fuel & Fuel Additives, Industrial Solvents, Beverages, Disinfectant, Personal Care, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 US Building Insulation Market: US Building Insulation Market Size, Trends and Insights By Type (Mineral Wool, Glass Wool, Stone Wool, Foamed Plastics, Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane (PU), Polyisocyanurate (PIR), Other, Fiberglass, Cellulose, Aerogels, Others), By Application (Floor Basement, Wall, Roof Ceiling), By End User (Residential, Non-Residential, Industrial, Commercial, Others), and By Region - 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Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Europe Building Insulation Market: Europe Building Insulation Market Size, Trends and Insights By Type (Mineral Wool, Glass Wool, Stone Wool, Foamed Plastics, Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane (PU), Polyisocyanurate (PIR), Other, Fiberglass, Cellulose, Aerogels, Others), By Application (Floor Basement, Wall, Roof Ceiling), By End User (Residential, Non-Residential, Industrial, Commercial, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 US Commercial Flooring Market: US Commercial Flooring Market Size, Trends and Insights By Product Type (Carpet, Vinyl, Tile, Laminate, Wood, Stone), By Application (Healthcare, Education, Retail, Office, Hospitality, Industrial), By Material (Synthetic, Natural), By End Use (Renovation, New Construction), By Sales Channel (Direct, Distributors, Online), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Foamed Plastics Market: Foamed Plastics Market Size, Trends and Insights By Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, Others), By Application (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports, & Recreational, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 The Polypropylene Glycol Market is segmented as follows: By Grade Industrial Grade Pharmaceutical Grade Food Grade By Application Polyurethane Production Cosmetics & Personal Care Pharmaceuticals Lubricants & Hydraulic Fluids Adhesives & Sealants Food & Beverage Click Here to Get a Free Sample Report of the Global Polypropylene Glycol Market @ Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This Polypropylene Glycol Market Research/Analysis Report Contains Answers to the following Questions. Which Trends Are Causing These Developments? Who Are the Global Key Players in This Polypropylene Glycol Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Polypropylene Glycol Market? What Was the Capacity, Production Value, Cost and PROFIT of the Polypropylene Glycol Market? What Is the Current Market Status of the Polypropylene Glycol Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Polypropylene Glycol Market by Considering Applications and Types? What Are Projections of the Global Polypropylene Glycol Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Polypropylene Glycol Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Polypropylene Glycol Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Polypropylene Glycol Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Polypropylene Glycol Industry? Click Here to Access a Free Sample Report of the Global Polypropylene Glycol Market @ Reasons to Purchase Polypropylene Glycol Market Report Polypropylene Glycol Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Polypropylene Glycol Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Polypropylene Glycol Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Polypropylene Glycol Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Polypropylene Glycol market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Polypropylene Glycol Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Polypropylene Glycol market analysis. The competitive environment of current and potential participants in the Polypropylene Glycol market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report provides comparable data for the key regions. The report provides actual market sizes and forecasts for each segment mentioned above. Who should buy this report? Participants and stakeholders worldwide Polypropylene Glycol market should find this report useful. The research will be useful to all market participants in the Polypropylene Glycol industry. Managers in the Polypropylene Glycol sector are interested in publishing up-to-date and projected data about the worldwide Polypropylene Glycol market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Polypropylene Glycol products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Polypropylene Glycol Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains. CMI offers a comprehensive solution, from data collection to investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts utilize client insights to inform strategies for estimating future declines, forecasting opportunities for growth, and conducting consumer surveys. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 737-734-2707 India: +91 20 46022736 Email: support@ Web: Blog: Blog: Blog: Blog: Buy this Premium Polypropylene Glycol Research Report | Fast Delivery Available - [220+ Pages] @
Yahoo
5 days ago
- Business
- Yahoo
[Latest] Global Naphthalene Derivative Market Size/Share Worth USD 10.52 Billion by 2034 at a 4.11% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Naphthalene Derivative Market size & share revenue was valued at approximately USD 7.05 Billion in 2024 and is expected to reach USD 7.32 Billion in 2025 and is expected to reach around USD 10.52 Billion by 2034, at a CAGR of 4.11% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are INEOS, Hikal Limited, Sinopec Corp., Reliance Industries Ltd., Jubilant Pharmova Limited, Solvay SA, Evonik Industries AG, Saudi Aramco, LyondellBasell Industries Holdings B.V., BASF S, Capitol Chemical Corporation, Merck KGaA and others. Austin, TX, USA, July 15, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Naphthalene Derivative Market Size, Trends and Insights By Source (Coal Tar, Petroleum, Other), By Form (Liquid, Powder), By Derivative (Phthalic Anhydride, Naphthalene Sulfonic Acid, Naphthols, Sulfonated Naphthalene Formaldehyde, Alkyl Naphthalene Sulfonate Salts, Others), By End User (Textile, Oil & Gas, Paints & Coatings, Pulp & Paper, Construction, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database. 'According to the latest research study, the demand of the global Naphthalene Derivative Market size & share was valued at approximately USD 7.05 Billion in 2024 and is expected to reach USD 7.32 Billion in 2025 and is expected to reach a value of around USD 10.52 Billion by 2034, at a compound annual growth rate (CAGR) of about 4.11% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Naphthalene Derivative Market @ Overview As per the industry experts at CMI, the naphthalene derivatives market is maturing rapidly, propelled by growing demand from construction, agrochemicals, textiles, and pharmaceuticals. Industry leaders such as INEOS, Hikal, Sinopec, and Reliance are increasing production volumes while implementing green chemistry practices designed to reduce their environmental impact. In North America emphasis falls on advanced downstream uses and production processes that align with evolving regulations. European companies stress REACH compliance, pursue bio-based substitutes and weave their products into broader sustainable infrastructure plans. Asia-Pacific producers are expanding local capacity and pouring resources into lower-toxicity formulas that meet both industrial demand and rapid urban growth. Across all regions circular-economy initiatives, ESG targets and strategic collaborations remain key engines of innovation and of the market's upward trajectory. Key Trends & Drivers Growth in the Textile Sector: Growth in the global Textile sector continues to reinforce the requirement for naphthalene derivatives used as building blocks in dyes and pigments. These chemicals deliver colour strength, light-fastness, and compatibility with synthetic fibres, making them essential as modern fabric finishing agents. In February 2023 Huntsman finalized the sale of its Textile Effects division to Archroma, a move that enlarged Archroma's portfolio and underscored the former segments strength. This kind of transaction illustrates how chemicals for textiles are gaining strategic weight within the larger specialty-chemicals industry. Moreover, across numerous emerging markets demand for high-performance, sustainable dyes continues to exceed available supply. Given that global clothing consumption is gradually increasing and that the industry is now placing a higher value on sustainable chemical input, it is not surprising that textiles continue to be a key consumer of naphthalene derivatives. In many emerging markets, demand for high-performance, eco-compliant dyes is still outpacing supply. As worldwide demand for clothing continues to rise, manufacturers increasingly seek consistent supplies of chemical precursors. For this reason, naphthalene derivatives remain a staple input in the textile value chain. Industrialisation in Asia-Pacific: The Asia-Pacific bloc still absorbs the largest volume of naphthalene derivatives because living standards are rising, textile use is expanding, and sweeping infrastructure programs in India, Indonesia and similar markets are forging new demand. Construction activity is robust, chemical output is recovering, and consumers are buoyant across most of the region. Reflecting this trend, a joint venture announced in November 2022 will soon build a high-purity naphthalene plant in Indonesia, securing local feedstock and trimming import reliance. Request a Customized Copy of the Naphthalene Derivative Market Report @ That decision illustrates a broader industrial shift toward regionally anchored production. Asia-Pacific also enjoys relatively low operating costs, government incentives, and geographic closeness to major consumers. Demand from housing, transport, and textiles adds further momentum. Accordingly, the region maintains its position as the world's largest and fastest-growing market for these specialty chemicals. Focus on Water-Reducing Agents: Sulfonated naphthalene formaldehyde (SNF) is now a cornerstone of concrete admixtures, helping contractors cut water content while keeping the mix workable. With architects looking for more sustainable and more efficient buildings, the role of specialty chemical formulations, in construction called additives, is continuing to increase. In March 2023 Vinati Organics announced VINPLAST-245, a new superplasticizer that is a high-performance admixture that helps facilitate the concrete-mixing process. By improving the durability of the overall material, delivery of the additive lowers the carbon footprint for every truckload that is placed on-site. Engineers worldwide-from bridge builders to high-rise contractors-now specify the sulfonated naphthalene formaldehyde blend to secure green project ratings. Fast urban growth and smart-city plans are driving that trend, and specialists see the product staying at the forefront. Consequently, SNF has solidified its position as the flagship option within the naphthalene derivative family. Report Scope Feature of the Report Details Market Size in 2025 USD 7.32 Billion Projected Market Size in 2034 USD 10.52 Billion Market Size in 2024 USD 7.05 Billion CAGR Growth Rate 4.11% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Source, Form, Derivative, End User and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Naphthalene Derivative report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report. The COVID-19 Pandemic Outbreak Impact Analysis is included in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes Tables and figures have been updated. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Naphthalene Derivative report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Naphthalene Derivative Market Report @ SWOT Analysis Strengths: The market for naphthalene derivatives enjoys broad use in construction, textiles, agrochemicals, and pharmaceuticals, which fuels steady demand. Key intermediates such as superplasticizer SNF, phthalic anhydride, and naphthols serve high-volume segments where performance is critical. A well-established production network, concentrated in the Asia-Pacific region, keeps supply reliable and costs competitive. Mature processing technologies, supported by extensive logistics, provide dominant suppliers a durable edge in pricing and responsiveness. Vertically integrated companies like INEOS and Sinopec control feedstock through to finished products, insulating profits against market swings. The chemical versatility of naphthalene derivatives opens pathways for advanced performance materials and specialty formulations. Collectively, these advantages drive consistent global growth and reinforce market resilience. Weaknesses: Even with a diverse customer base, the sector remains sensitive to fluctuations in coal tar and petroleum feedstock costs. Stringent regulations targeting VOC emissions and toxic by-products from some processes add layers of compliance expense. Smaller operators often struggle to meet sustainability benchmarks, which can narrow margins and limit investment. The slow evolution of bio-based substitutes keeps the industry anchored to fossil-derived feedstocks for the foreseeable future. Disruptions such as the COVID-19 pandemic revealed logistical chokepoints within global supply chains and highlighted just-in-time vulnerabilities. Furthermore, specialty derivatives demanding ultra-high purity raise capital and operational hurdles for many producers. Taken together, these challenges can decelerate innovation rates, particularly in regions with weaker regulatory oversight. Opportunities: Global infrastructure ramp-ups keep pushing the need for naphthalene-based superplasticizers in concrete, making the market positively hungry for the product. Concurrently, greener reformulation and green chemistry breakthroughs are opening up space for bio-derived or low-emission naphthalene alternatives. Early-stage economies in Latin America and Southeast Asia represent largely untouched construction and textiles demand just waiting to be cultivated. Greater research on high-performance niches, from industrial coatings to pharmaceutical-grade uses, broadens the funnel for value-added sales stories. Forming strategic alliances with technology and specialty chemical firms could fast-track that product development. Securing environmental certificates and staying ahead of ESG targets further sharpens competitiveness in tightening regulatory arenas. Taken together, these opportunities open new revenue channels and expand the company's global footprint. Threats: Harsh environmental rules, especially in Europe and North America, cast uncertainty on the future of coal-tar-derived grades and on the production processes that rely on them. At the same time, rival chemistries-polycarboxylate ethers and bio-based plasticizers-are becoming harder to ignore and harder to outsell. And because many feedstocks travel the crude-oil chain, wild fluctuations in crude prices inevitably wobble the cost structure of petroleum-derived raw materials and squeeze margins. Geopolitical friction and fresh trade barriers, from tariffs to export quotas, cloud forecasts and can abruptly change international supply-and-demand patterns. Project delays in infrastructure spending naturally pull through SNF volumes in the construction sector and stifle consumption. Moreover, consumers loud demands for biodegradable offerings may steer attention-and ultimately R&D dollars-away from traditional naphthalene chemistries. Collectively, these external headwinds risk putting long-term market stability on shaky ground. Request a Customized Copy of the Naphthalene Derivative Market Report @ Key questions answered in this report: What is the size of the Naphthalene Derivative market and what is its expected growth rate? What are the primary driving factors that push the Naphthalene Derivative market forward? What are the Naphthalene Derivative Industry's top companies? What are the different categories that the Naphthalene Derivative Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Naphthalene Derivative market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Naphthalene Derivative Research Report | Fast Delivery Available - [220+ Pages] @ Regional Perspective The Naphthalene Derivative Market can be divided across different regions such as North America, Europe, Asia-Pacific, and LAMEA. This is a cursory overview of each region: North America: Growth across the North American naphthalene-derivative market comes primarily from the construction sector, the oil-and-gas industry, and specialty-chemical formulations, with the United States, Canada, and Mexico jointly driving innovation and consumption. The region's advantages include robust research-and-development activity, clear regulatory pathways, and steady increases in public-works funding, particularly in sulfonated naphthalene-formaldehyde (SNF) superplasticizers and next-generation, environmentally friendly coatings. In May 2023 an American company introduced its next-generation superplasticiser specifically engineered for 3D-printed concrete used in highway projects, a move that highlights the growing industry preference for high-performance materials in modern infrastructure. Because regulators and investors are pressuring builders to adopt smarter, more sustainable solutions, analysts expect steady year-on-year growth in demand for advanced chemical admixtures. Additional momentum stems from new green-building codes and the increasing use of digital construction tools, both of which strengthen the case for these naphthalene derivatives. Europe: Europe's market for naphthalene derivatives is increasingly influenced by strict environmental rules, a push for sustainable practices, and rising demand from the automotive, coatings, and specialist construction industries. Germany, France, and the United Kingdom are among the first major economies to replace traditional chemicals with greener alternatives that meet REACH rules and align with circular-economy goals. In June 2023 Vinati Organics received an EcoVadis Gold rating for its sodium naphthalene formaldehyde exports, reflecting that the market now favors responsibly produced, low-carbon materials. That accolade enhanced the firms visibility among suppliers throughout EU construction markets. In addition, green certifications, ESG targets, and low-VOC trends continue to nudge manufacturers toward cleaner formulations. By setting the worlds toughest standard, Europe remains the driving force behind industry innovation and market change. Asia-Pacific: Asia-Pacific remains the largest and fastest-growing market for naphthalene derivatives, a direction sustained primarily by China, India, and Southeast Asia. Their industrial push, rapid urbanization, and expanding textile production combine to increase demand year on year. The region not only manufactures these products at scale but also pioneers new downstream grades, evidence includes rising output of sodium naphthalene formaldehyde and phthalic anhydride. In March 2024 India commissioned a 200,000-ton-per-annum facility in Gujarat, improving the local supply of resins and plasticizers while gradually lowering imports. Chinese companies have meanwhile enlarged sodium naphthalene formaldehyde lines to service markets across Asia and into Africa. Cost-competitive production, supportive policy frameworks, and a broad internal customer base together cement the regions leadership position. The new production plants currently being planned are expected to sharpen the company's competitive edge and, at the same time, raise export volumes. LAMEA: Latin America, the Middle East, and Africa are quickly becoming a lively market for naphthalene derivatives, thanks to major infrastructure projects, higher agricultural budgets, and greater use of these chemicals in oilfield operations. Brazil together with the Gulf Cooperation Council states now accounts for the lions share, applying the products to strengthen concrete, improve agrochemicals and create corrosion-resistant coatings. In November 2023 a Brazilian supplier rolled out an alkyl-naphthalene-sulfonate dispersant designed for pesticide mixes in soybean-growing regions, improving product stability in humid tropical weather. At the same time, Middle Eastern contractors are incorporating sodium-naphthalene-formaldehyde additives into landmark schemes like Saudi Arabias NEOM. Though regional output is still small, local demand is steady and gradually replacing imports as innovation centers take root. Request a Customized Copy of the Naphthalene Derivative Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: support@ Browse the full 'Naphthalene Derivative Market Size, Trends and Insights By Source (Coal Tar, Petroleum, Other), By Form (Liquid, Powder), By Derivative (Phthalic Anhydride, Naphthalene Sulfonic Acid, Naphthols, Sulfonated Naphthalene Formaldehyde, Alkyl Naphthalene Sulfonate Salts, Others), By End User (Textile, Oil & Gas, Paints & Coatings, Pulp & Paper, Construction, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at List of the prominent players in the Naphthalene Derivative Market: INEOS Hikal Limited Sinopec Corp. Reliance Industries Ltd. Jubilant Pharmova Limited Solvay SA Evonik Industries AG Saudi Aramco LyondellBasell Industries Holdings B.V. BASF SE Capitol Chemical Corporation Merck KGaA Others Click Here to Access a Free Sample Report of the Global Naphthalene Derivative Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. Browse More Related Reports: : Propylene Oxide Market Size, Trends and Insights By Production Method (Propylene Oxidation, Chlorohydrin Process), By Application (Polyether Polyols, Propylene Glycol, Glycol Ethers, Specialty Surfactants, Others), By End User (Automotive, Construction, Packaging, Furniture and Bedding, Electronics, Pharmaceuticals, Personal Care, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 : Propylene Glycol Market Size, Trends and Insights By Source (Petroleum-based, Bio-based), By Grade (Industrial Grade, Pharmaceutical Grade, Others), By End-Use Industry (Transportation, Building & construction, Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 : Polypropylene Glycol Market Size, Trends and Insights By Grade (Industrial Grade, Pharmaceutical Grade, Food Grade), By Application (Polyurethane Production, Cosmetics & Personal Care, Pharmaceuticals, Lubricants & Hydraulic Fluids, Adhesives & Sealants, Food & Beverage), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 : Blue Ammonia Market Size, Trends and Insights By Technology (Steam Reforming, Autothermal Reforming, Glasification, Electrolysis), By Application (Fertilizer Production, Power Generation, Marine Fuel, Transportation Fuel), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 : Bio Based Propylene Glycol Market Size, Trends and Insights By Type (1,2-Propylene Glycol, 1,3-Propylene Glycol), By Application (Unsaturated Polyester Resins (UPR), Antifreeze & Coolants, Pharmaceuticals, Cosmetics & Personal Care, Food & Beverages, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 : Specialty Nitrile Butadiene Rubber Market Size, Trends and Insights By Material Type (Based Carboxylated, Bimodal), By Application (Printing Rubber Rollers, Extrusion & Calendering, Injection Molding, Adhesive, Sealant & Mastic, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 : Recycled Ocean Plastic Market Size, Trends and Insights By Source (Bottles, Fibers, Foams, Others), By Polymer Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyurethane (PUR)), By Industry (Packaging, Building & Construction, Automotive, Furniture, Aerospace and Defence), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 The Naphthalene Derivative Market is segmented as follows: By Source Coal Tar Petroleum Other By Form Liquid Powder By Derivative Phthalic Anhydride Naphthalene Sulfonic Acid Naphthols Sulfonated Naphthalene Formaldehyde Alkyl Naphthalene Sulfonate Salts Others By End User Textile Oil & Gas Paints & Coatings Pulp & Paper Construction Others Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This Naphthalene Derivative Market Research/Analysis Report Contains Answers to the following Questions. What Developments Are Going On in That Technology? Which Trends Are Causing These Developments? Who Are the Global Key Players in This Naphthalene Derivative Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Naphthalene Derivative Market? What Was the Capacity, Production Value, Cost and PROFIT of the Naphthalene Derivative Market? What Is the Current Market Status of the Naphthalene Derivative Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Naphthalene Derivative Market by Considering Applications and Types? What Are Projections of the Global Naphthalene Derivative Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Naphthalene Derivative Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Naphthalene Derivative Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Naphthalene Derivative Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Naphthalene Derivative Industry? Click Here to Access a Free Sample Report of the Global Naphthalene Derivative Market @ Reasons to Purchase Naphthalene Derivative Market Report Naphthalene Derivative Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Naphthalene Derivative Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Naphthalene Derivative Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Naphthalene Derivative Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Naphthalene Derivative market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth. Buy this Premium Naphthalene Derivative Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Naphthalene Derivative market analysis. The competitive environment of current and potential participants in the Naphthalene Derivative market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given. Who should buy this report? Participants and stakeholders worldwide Naphthalene Derivative market should find this report useful. The research will be useful to all market participants in the Naphthalene Derivative industry. Managers in the Naphthalene Derivative sector are interested in publishing up-to-date and projected data about the worldwide Naphthalene Derivative market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Naphthalene Derivative products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 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Malay Mail
6 days ago
- Business
- Malay Mail
Agriculture Ministry unveils new paddy varieties MR CL3 and MR CL4 to tackle weedy rice issue
PASIR SALAK, July 14 — The Agriculture and Food Security Ministry (KPKM) through the Malaysian Agricultural Research and Development Institute (Mardi) today introduced two new padi varieties to address the weedy rice issue in the country. Minister Datuk Seri Mohamad Sabu said the development of the new MR CL3 and MR CL4 varieties was the result of a strategic collaboration between Mardi and BASF (Malaysia) Sdn Bhd over the past 20 years. 'MR CL3 and MR CL4 mature earlier, at 99 days, and have a yield potential of over seven tonnes per hectare,' he said during the launch of the new Clearfield padi varieties at the Felcra Berhad Seed Centre here. Also present were KPKM secretary-general Datuk Seri Isham Ishak, Perak Rural Development, Plantation, Agriculture and Food Industry Committee chairman Datuk Mohd Zolkafly Harun, MARDI Governing Board chairman Dr Azman Ismail and Mardi director-general Datuk Dr Mohamad Zabawi Abdul Ghani. Mohamad said both varieties are also resistant to leaf and neck blast diseases and can be utilised under current KPKM initiatives such as the five padi planting seasons in two years programme and the Large-Scale Smart Padi Field (Smart SBB) programme. As for the commercialisation of the new varieties, he said it would be carried out through the Clearfield Production System, which includes padi varieties, imidazolinone herbicide (Trek) and stewardship guidelines, to tackle the weedy rice issue. He added that the MR CL3 and MR CL4 varieties were specifically bred to be resistant to imidazolinone herbicides. Weedy rice, also known as 'padi angin' in Malaysia, is a problematic weed that can significantly reduce crop yields. Earlier, Mohamad also officiated the new Integrated Agricultural Development Area (IADA) Complex in Seberang Perak. — Bernama
