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The U.
S.
chemical industry will continue to grow
The American Chemistry Council (ACC) said that even if economic growth slows in major economies and the "synchronized global rise" collapses, U.
S.
manufacturing and export growth will continue to drive demand for
basic and specialty chemicals 。 ACC forecasts that U.
S.
chemical (excluding pharmaceuticals) production will increase by 3.
1% in 2018, of which production of basic chemicals will increase by 2.
1% and production of specialty chemicals will increase by 3.
7%; In 2019, the production of chemicals (excluding pharmaceuticals) will increase by 3.
6%, of which the production of basic chemicals will increase by 4.
8% and the production of specialty chemicals will increase by 2.
2%; In 2020, the production of chemicals (excluding pharmaceuticals) will increase by 3.
1%, of which the production of basic chemicals will increase by 4.
3% and the production of specialty chemicals will increase by 1.
6%.
The demand for lubricant antioxidants in the United States will maintain rapid growth
According to the latest research report of Fredonia Group, the demand for various lubricant additives in the United States will grow at an average annual rate of 0.
8% over the next four years, reaching 2.
6 billion pounds by 2022; Demand for lubricant antioxidants will grow the strongest, with demand expected to grow at an average annual rate of 1.
5% over the next four years, from 180 million pounds in 2017 to 194.
9 million pounds in 2022, with prices also rising
moderately.
"In a more mature market, lubricant additive suppliers can gain market share and maintain profitability
by investing heavily in research, development and testing in partnership with OEMs and lubricant blenders to match additive technology to performance needs to meet lubricant specifications.
" ”
LANXESS strengthens its global flame retardants business
LANXESS AG plans to invest around EUR 200 million over the next three years to strengthen its global flame retardants business
.
LANXESS operates a strong integrated backward production network for bromine- and phosphorus-based flame retardants, with flame retardant production plants
in Charleston, Eldorado and Greensboro in the USA, Leverkusen and Krefeld-Uerdingen in Germany, Epierre in France and Manchester in the UK.
Karsten Jobs, Head of Polymer Additives Business at LANXESS, said: "Since the acquisition of Chemtura in the spring of 2017, LANXESS has become one of the world's leading suppliers of
flame retardants.
With a series of investment plans, we will further strengthen our dominant position
in this growing market.
" ”
The number of active oil and gas rigs in the United States will rise
The Fredonian Group predicts that U.
S.
oil and gas production is expected to grow at an average annual rate of 4.
1% over the next five years, faster than any other commercial and industrial market, which will lead to an increase in
the number of active oil and gas rigs.
Christine O'Keefe, industrial analyst at the Fredonia Group, said: "The average number of active oil and gas rigs in the United States was 876 in 2017 and is expected to reach 1,027 in 2018, and this number will continue to rise
in the coming years.
"The growth in the number of rigs will drive demand for commercial and industrial lubricants in
the United States.
U.
S.
commercial and industrial lubricant demand is expected to grow at a compound annual rate of about 1% through 2022, increasing from 472 million gallons in 2017 to 497 million gallons
in 2022.
