Demand for Titanium Dioxide in the European region considerably revived from better offtakes heard across the furniture, construction and industrial sector with respect to Q2, after sentiments were raised post a lift in containment measures. DIY activities witnessed significant increment as people took more home renovation and construction activities with extended period of lockdown. The supply also remained supple with resumption in exports from China since the later half of Q2 in 2020.
As several plants that were earlier under turnaround resumed production, supply for Phthalic Anhydride (PA) considerably improved with respect to the previous quarter. The domestic demand in China took a positive turn by the end of September, while exports from the country viably reduced as manufacturers were keen towards catering to the local downstream demand.
Polyols are waxy solids or viscous liquid functional resins utilized to produce a range of products such as elastomers, adhesives, flexible foams, sealants and others. Polyols are categorized into polyester, polyether, polycarbonate, polybutadiene and polyacrylate polyols. Amongst them, polyether polyols and polyester polyols hold the maximum consumption share across globe owing to their superior properties and better affordability.
Chemical tanker shipping market will grow at a growth rate of 3.51% during the forecast period of 2020 to 2027. Increasing chemical trade agreements worldwide is expected to enhance the demand for the market in the mentioned forecast period. Chemical tanker is a kind of a tanker which is specially designed to transport large amount of chemical from one place to another. They are mainly used to transport vegetable oil, inorganic oil, organic oil and others.