2022 | Chemical & Renewable Energy Industry Outlook

As the chemical industry moves into 2022, strong demand for both commodity and specialty chemicals should keep prices robust throughout the year. The industry could face margin pressures amid raw material cost inflation, which will likely remain high through the first half of 2022.

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In focus: Curcumin

Curcumin is a bright yellow chemical produced by plants of the Curcuma longa species. It is the principal curcuminoid of turmeric (Curcuma longa), a member of the ginger family, Zingiberaceae. It is sold as an herbal supplement, cosmetics ingredient, food flavoring, and food coloring.

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In focus: Triphenyl Phosphite

Triphenyl phosphite (TPP) is an organophos-phorous compound and is a colorless, viscous liquid with high boiling point. It possesses a characteristic, delicate fragrance. Its uses can be found largely in polymers. Besides, it participates as a reactant in organic syntheses.

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In focus: Lithium Bromide

Lithium bromide (LiBr) is a white, hygroscopic solid. The hygroscopic nature makes it a versatile chemical that can be put to various end uses. It is usually sold in anhydrous form or in aqueous solutions of varying concentrations.

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In focus: Valeraldehyde

Valeraldehyde, an aliphatic compound, is a colorless liquid with intense, clinging odor. It is naturally abundant in many essential oils. Apart from being an aroma chemical itself, it is applied to synthesize downstream products that are F&F chemicals and intermediates.

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In focus: Pyruvic Acid

Pyruvic acid is a yellowish liquid with vinegar odor. Anatomically, it participates in biological synthesis and metabolic processes of carbohydrates, amino acids, and lipids. Its reactivity is attributed to the presence of two carbonyl groups adjacent to each other and thus the chemical is employed in many synthesis processes leading a variety of end-uses.

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In focus: Chloromethyl chloroformate

Chloromethyl chloroformate is a colorless liquid, which was earlier employed in its gaseous form as warfare chemical under the name Palite gas. In chemicals industry, for its extreme reactivity, it is used to make pharmaceuticals and intermediates.

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