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New Delhi, <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades as domestic demand is projected to rise to USD 1,000 billion by 2040, McKinsey said in a report. In the report titled 'India: The next chemicals manufacturing hub', McKinsey said the country's chemical industry has been a global outperformer in demand growth and shareholder wealth creation over the last decade. "It now stands poised to play an increasingly dominant role across both consumption and manufacturing in the global arena," it said. The sector is projected to grow at 11-12 per cent during 2021-27 and 7-10 per cent during 2027-40 -- tripling its global market share by 2040. "India is expected to account for more than 20 per cent of incremental global consumption for chemicals over the next two decades. Domestic consumption and demand is expected to rise from USD 170-180 billion in 2021 to USD 850-1000 billion by 2040," it said. Chemicals find wide usage in human lives -- from detergents to clothing and fragrances, from insecticides to paints, and telecommunication to music and media. McKinsey said the growing demand for biofriendly products globally could benefit India, as it is among the leading producers of many chemicals that are used in such products. "Triggered by the evolving geopolitical scenario and the trend to diversify from the existing core manufacturing markets; firms are seeking to make their supply-chains more resilient. With its strong value proposition, India could be a preferred destination," it said. However, India will continue to be import dependent for meeting its needs for chemicals. Out of the three main segments of the sector -- inorganic, petrochemicals, and specialty -- only specialty is expected to be a net exporter. Due to limited cracker infrastructure and scarcity of key feedstock and minerals, both petchem and inorganic segments will be import dependent. "Over recent years, changing geopolitical scenarios have led to many countries focusing on domestic self-sufficiency and localised supply chains. However, benchmarking India's manufacturing competitiveness reveals that India has a strong starting point vs other key global chemical clusters that could translate into India becoming the next chemicals manufacturing hub," McKinsey said. "India will be the fastest growing global demand centre for chemicals with domestic consumption set to grow at a 9-10 per cent CAGR in the coming years on the back of rising disposable incomes, a favourable demographic dividend, increasing global preference for biofriendly alternatives, and growing diversification of global chemical supply chains," it said. The specialty chemicals segment is likely to be a key driver of this growth. It has the potential to contribute more than USD 20 billion to India's net exports by 2040, a 10 times jump from the current total of USD 2 billion. McKinsey said benchmarking against six global chemical clusters surfaces both India's strengths and areas of improvement as a global destination for manufacturing chemicals. "Indian chemical companies often face obstacles in feedstock availability due to lagging cracker capacity and low access to building blocks and key minerals". Additionally, India faces a dearth of skilled R&amp;D talent and challenges in timely environment and land approvals. "Despite this, India is cost competitive in several chemical segments due to low capital and operating expenses such as labour, utility and overhead expenses etc," it said. Coupled with promoters' focus on high profitability and a culture of process innovation, Indian chemical companies generate one of the highest EBITDA per unit of investment in fixed assets. "This is evident from global leadership of multiple Indian firms across segments like agrochemicals, pharma intermediates, dyes and pigments, carbon black etc," it said. Many sub-segments in India's chemicals sector offer opportunities for building at-scale businesses. Winning plays exist across specialty chemicals (agrochemicals, flavours &amp; fragrances, cosmetic chemicals), inorganic chemicals (caustic, fluorine) and petrochemicals (C4, C6 and C8 derivatives). "These sub-segments score high on both cost competitiveness -- a function of domestic feedstock availability, trade balance, capacity utilisation, scope of process and tech innovation -- and market attractiveness, an indicator of market size, demand growth, export potential," it added. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/more-than-110-vc-firms-led-by-general-catalyst-are-banding-together-in-support-of-silicon-valley-bank/articleshow/98573133.cms">More than 110 VC firms, led by General Catalyst, are banding together in support of Silicon Valley Bank</a> <a href="https://www.businessinsider.in/business/news/svb-collapse-minister-chandrasekhar-to-meet-indian-startups-to-see-how-govt-can-help-them/articleshow/98577417.cms">SVB collapse: Minister Chandrasekhar to meet Indian startups to see how govt can help them</a> <a href="https://www.businessinsider.in/international/news/india-born-rajesh-agrawal-to-lead-london-trade-mission-to-india/articleshow/98577581.cms">India-born Rajesh Agrawal to lead London trade mission to India</a>

India's chemical demand likely to jump to $1,000 billion by 2040

<ul class="summary-list"><li>A study found the most popular anti-fog products for eyeglasses and face shields contain "<keyword id="12338658" type="UNKNOWN" weightage="60" keywordseo="forever-chemicals" source="Orion">forever chemicals</keyword>."</li><li>Previous research has linked forever chemicals (PFAS) to <keyword id="6355291" type="UNKNOWN" weightage="60" keywordseo="cancer" source="Orion">cancer</keyword>, thyroid issues, and infertility.</li></ul>Top-rated anti-fogging sprays for eye glasses <a href="https://nicholas.duke.edu/news/high-levels-pfas-found-anti-fogging-sprays-and-cloths">contain high levels of cancer-causing chemicals</a>, according to new findings by researchers at Duke University. The study, published in <a href="https://pubs.acs.org/doi/10.1021/acs.est.1c06990">Environmental Science &amp; Technology</a>, analyzed four of the most popular anti-fog sprays and five of the highest rated fogging cloths on Amazon, commonly used to prevent eyeglasses and face shields from accumulating condensation.The analysis found all of the products reviewed contained high levels of <a href="https://www.businessinsider.com/lawmakers-introduce-bills-pfas-forever-chemicals-makeup-clean-beauty-study-2021-6">toxic per- and polyfluoroalkyl substances (PFAS)</a>, more commonly known as "<a href="https://www.insider.com/some-sparkling-water-brands-contain-risky-pfas-chemicals-report-2020-9">forever chemicals</a>." In particular, the nine products tested positive for fluorotelomer alcohols (FTOHs) and <a href="https://pubmed.ncbi.nlm.nih.gov/34985261/">fluorotelomer ethoxylates (FTEOs)</a>, two kinds of "forever chemicals."According to the <a href="https://www.epa.gov/pfas/increasing-our-understanding-health-risks-pfas-and-how-address-them">US Environmental Protection Agency (EPA)</a>, research has linked forever chemicals to <a href="https://www.businessinsider.com/lawmakers-introduce-bills-pfas-forever-chemicals-makeup-clean-beauty-study-2021-6">cancer, hormonal imbalances, and infertility.</a> PFAS are commonly absorbed through the skin. Authors of the study said while the presence of PFAS wasn't surprising, the level they contained was. "Our tests show the sprays contain up to 20.7 milligrams of PFAS per milliliter of solution, which is a pretty high concentration," Nicholas Herkert, study lead and postdoctoral researcher at Duke University, <a href="https://nicholas.duke.edu/news/high-levels-pfas-found-anti-fogging-sprays-and-cloths">said in statement</a>.The researchers said, ironically, many of the products reviewed were labeled "safe and nontoxic." <h2>There are no federal laws to regulate the use of 'forever chemicals' in everyday products </h2>There are currently no federal laws regulating the presence of forever chemicals in everyday items, including beauty products, <a href="https://www.epa.gov/pfas/our-current-understanding-human-health-and-environmental-risks-pfas">shampoo</a>, and even some brands of sparkling water. Products that contain PFAS are often not labeled as such or required to do so. In the past year, <a href="https://www.businessinsider.com/lawmakers-introduce-bills-pfas-forever-chemicals-makeup-clean-beauty-study-2021-6">two bills were introduced</a> to ban forever chemicals from common beauty products because of their lasting effect on the environment and links to cancer, after <a href="https://www.businessinsider.com/lawmakers-introduce-bills-pfas-forever-chemicals-makeup-clean-beauty-study-2021-6">a study found popular products contained the chemicals.</a>Researchers of the Duke study said the most recent findings on anti-fogging products and PFAS are especially concerning because of the importance of face shields during the pandemic."Because of COVID, more people than ever—including many medical professionals and other first-responders—are using these sprays and cloths to keep their glasses from fogging up when they wear masks or face shields," Heather Stapleton, a professor of environmental chemistry and <keyword id="11894571" type="UNKNOWN" weightage="100" keywordseo="health" source="Orion">health</keyword> at Duke University, <a href="https://nicholas.duke.edu/news/high-levels-pfas-found-anti-fogging-sprays-and-cloths">said in a statement</a>. "They deserve to know what's in the products they're using."

Study finds cancer-causing chemicals in popular sprays that stop glasses from fogging when you wear a mask

Shares of <keyword id="562357" type="DOMAIN" weightage="20" keywordseo="Fineotex-Chemical">Fineotex Chemical</keyword> have surged over the past two days after <keyword id="8190540" type="COMPANY" weightage="20" keywordseo="Nippon-India-Mutual-Fund">Nippon India Mutual Fund</keyword> picked up nearly six per cent stake through the open market. On Tuesday, its shares on the BSE hit a 52-week high of Rs 62.15 per share. Around 11.10 a.m., shares of Fineotex Chemical were trading at Rs 59.65, higher by Rs 5.55 or 10.26 per cent from its previous close. On Monday, <keyword id="8189941" type="COMPANY" weightage="20" keywordseo="Nippon-India-MF">Nippon India MF</keyword> acquired over 66 lakh equity shares for nearly Rs 30 crore through bulk deal on the BSE, according to exchange data. The mutual fund bought shares at a price of Rs 45.25 per share. SEE ALSO: <a href="https://www.businessinsider.in/politics/world/news/house-passes-bill-to-increase-600-stimulus-checks-to-2000/articleshow/80001571.cms" data-type="tilCustomLink">House passes bill to increase $600 stimulus checks to $2,000. It now goes to the Senate.</a> <a href="https://www.businessinsider.in/science/news/most-vaccine-skeptics-are-persuadable-and-will-get-the-covid-19-shot-says-a-nobel-prize-winner-who-studies-vaccine-hesitancy/articleshow/79995460.cms" data-type="tilCustomLink">Most vaccine skeptics are persuadable and will get the COVID-19 shot, says a Nobel prize-winner who studies vaccine hesitancy</a> <a href="https://www.businessinsider.in/stock-market/news/bitcoin-mining-stocks-surge-after-the-cryptocurrency-passes-28000-for-the-first-time/articleshow/79996286.cms" data-type="tilCustomLink">Bitcoin-mining stocks surge after the cryptocurrency passes $28,000 for the first time</a>

Fineotex Chemical share hits all-time high after Nippon India Mutual Fund buys 6.6 million shares

In a bid to trim debt and focus on the high-growth consumer and industrial chemicals business, Tata Group Chairman <keyword id="6356895" type="PERSON" weightage="100" keywordseo="Cyrus-Mistry">Cyrus Mistry</keyword> is mulling to sell off the fertiliser business for $1 billion, housed in <keyword id="6354310" type="CITY" weightage="100" keywordseo="Tata-Chemicals">Tata Chemicals</keyword>. 
 
For this, Tata Chemicals has sought Kotak Mahindra Bank’s help to find strategic buyers for the business. 
 
One of the persons familiar with the development told Economic Times that several domestic and global majors like Deepak Fertilisers, Aditya Birla Nuvo and Morocco's OCP have been informed about the possible sale of the fertiliser unit. 
However, none of them commented on the matter. 
 
Responding to questions from ET, a Deepak Fertilisers spokesperson said, "We are closely evaluating all growth opportunities in this sector. In view of certain confidentiality constraints we are unable to react to your specific queries." 
 
"Tata Chemicals' current valuation is around two times its book value and 18 times its earnings, although most fertiliser companies are valued at one time book value. Out of TCL's market value, around Rs 3,000 crore is attributable towards fertilisers. The recent Zuari-Mangalore Chemicals deal shows that even for loss-making, problematic units, buyers are ready to pay 2x market value or book value for ownership rights. So Tata Chemicals' fertiliser business should fetch Rs 6,000 crore," Gaurav Parikh, managing director of Jeena Scriptech Alpha Advisors, a Mumbai-based investment consultant, told the financial daily. 
 
Tata Chemicals owns one of the most energy-efficient urea units in the country at Babrala, Uttar Pradesh, apart from a phosphatic fertiliser unit in West Bengal.

Tata Chemicals is seeking Kotak Mahindra’s help to sell off its fertiliser business

<div class="image-container float_right" style="width:400px"><div class="image"></div>helga tawil souri on <a href="http://www.flickr.com/photos/helgatawil/6071337237/">www.flickr.com</a></div>This weekend the Chinese city of Handan — which has a metro area population of nearly 9 million — was forced to cut off its water supply after contamination by industrial <keyword id="25943" type="COMPANY" weightage="60" keywordseo="chemicals">chemicals</keyword>.
At least 9 tons of the chemical Aniline are believed to have leaked from a "loose drainage valve" at a factory in the neighboring Shanxi province into a nearby river, while 20 tons were contained in a local reservoir <a href="http://africa.chinadaily.com.cn/china/2013-01/07/content_16089800.htm">China Daily reports</a>.
Aniline is used for manufacturing polyurethane and <a href="http://www.scmp.com/news/china/article/1121310/handan-cuts-water-after-chemical-leak-shanxi-province">can be toxic to humans</a>. There were reports of scores of dead fish in the river by Friday evening, <a href="http://rt.com/news/china-chemical-leak-water-443/">though no human casualties have been reported</a> so far as we know.
What's really worrying is the timing. According to reports in Chinese media, the leak was first discovered during a routine check on December 31st. While Handan's residents are now using water from another supply, it is believed that they may have been exposed to the chemical for at least five days without any sort of warning.
<a href="http://www.telegraph.co.uk/news/worldnews/asia/china/9783784/China-facing-extremely-grave-environmental-crisis.html">The Telegraph reports</a> that when the news of the spill finally came out over the weekend, water in supermarkets began to sell out as panic buying set in. "We can't flush our toilet and we can't cook at home. The restaurants are out of water too," one resident told a Chinese newspaper.
Worse still, to critics this looks like the second cover up in a matter of weeks in the Shanxi province. Just days ago authorities said that officials in another part of the province had taken too long to announce a December 25 <a href="http://usa.chinadaily.com.cn/china/2013-01/04/content_16078687.htm">railway tunnel cave-in that resulted in the deaths of eight workers.</a>
<a href="http://blogs.wsj.com/chinarealtime/2013/01/07/chemical-spill-pollutes-shanxi-politics/">The Wall Street Journal's James T. Areddy</a> reports that we're beginning to see political fallout, with acting governor Li Xiaopeng, the son of unpopular former Chinese prime minister Li Peng, taking heat, and the mayor of the town that contained the factory <a href="http://news.xinhuanet.com/english/china/2013-01/07/c_132085716.htm">forced to apologize</a>.
The case highlights <keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword>'s ongoing problem with openness in the wake of events large-scale health events — few China-watchers have forgotten the <a href="http://abcnews.go.com/blogs/health/2012/09/25/response-to-sars-like-virus-an-improvement-over-2003-outbreak/">government's silence after news of an outbreak of the SARS virus in 2003</a>, for example.
And with so many factories built close to rivers in rapidly industrializing areas, this may not be an isolated incident.

Huge Chemical Leak In China Was Not Reported For Nearly A Week

<ul class="summary-list"><li>Some popular <keyword id="29496" type="PERSON" weightage="60" keywordseo="Makeup">makeup</keyword> products were found to contain potentially harmful <keyword id="25943" type="COMPANY" weightage="60" keywordseo="chemicals">chemicals</keyword> called <keyword id="3555706" type="PERSON" weightage="60" keywordseo="pfas">PFAS</keyword>.</li><li>Apps like Clearya and EWG's Skin Deep Guide can help consumers avoid listed PFAS.</li><li>But many products don't list PFAS on labels. Government action is needed to ban them completely.</li></ul>Ever since a recent <a href="https://pubs.acs.org/doi/10.1021/acs.estlett.1c00240">study</a> found potentially harmful chemicals in some popular makeup products, the Green Science Policy Institute has been fielding questions about how to choose safe <keyword id="16218" type="PERSON" weightage="60" keywordseo="cosmetics">cosmetics</keyword>.The researchers tested 231 makeup products purchased from Ulta Beauty, Sephora, Target, and Bed Bath &amp; Beyond. According to <a href="https://www.insider.com/cancer-linked-chemicals-found-in-mascara-liquid-lipsticks-foundation-2021-6">findings published last month</a>, more than half of the products tested contained indicators of per- and polyfluoroalkyl substances, or PFAS.PFAS are also known as "forever chemicals" because they are slow to break down in the environment and in the human body if ingested, the GSPI senior scientist Thomas Bruton previously told Insider. Exposure to PFAS has been <a href="https://www.epa.gov/pfas/basic-information-pfas">linked to health problems</a> including ​​cancer, hormone imbalances, fertility issues, and obesity. The institute has been inundated with inquiries about how to avoid PFAS in makeup since the study results were published, a representative told Insider. Since then, the team has published a <a href="https://greensciencepolicy.org/news-events/blog/can-you-avoid-pfas-in-makeup">guide</a> to choosing healthier makeup.<h2>Some apps and websites scan makeup-ingredient lists for you</h2>Avoiding PFAS is a complicated undertaking, considering that some makeup products contain chemicals not listed on the labels.There are some consumer-facing tools designed to help decode ingredient lists, so you can at least see whether the maker has disclosed any potentially harmful chemicals.<a href="https://www.clearya.com/">Clearya</a> is a free mobile app and browser plug-in that automatically scans cosmetics ingredients as you shop online. At checkout, the user is notified of any unsafe ingredients, such as PFAS, in their cart.<div type="image" title="A spreadsheet of Clearya PFAS in cosmetics data" height="825" width="624" msid="84362777" hostid="261"></div>Nearly 1,000 products in Clearya's database contain at least one PFAS, according to GSPI.The Environmental Working Group also has an online <a href="https://www.ewg.org/skindeep/products/811444-Benefit_Hoola_Matte_Bronzer/">Skin Deep Guide</a> which consumers can use to search thousands of makeup products to see what chemicals they contain.<h2>Other sites list PFAS-free makeup brands</h2>For consumers seeking makeup that's confirmed to be free of PFAS, the GSPI has compiled a <a href="https://pfascentral.org/pfas-free-products/">list of brands</a> that have banned the chemicals.<a href="https://www.annmariegianni.com/defining-clean-beauty/">Annmarie Skin Care</a>, <a href="https://credobeauty.com/pages/the-credo-clean-standard-1#dirty'#39;">Credo</a>, and <a href="https://hmgroup.com/sustainability/sustainability-reporting/">H&amp;M</a> all have clean beauty policies stating that their cosmetics products do not include PFAS. The companies have either banned PFAS outright or avoided including them in their products. <a href="https://chemicalwatch.com/68795/cosmetics-giant-loreal-to-eliminate-pfass-in-products">L'Oreal</a> is the only multinational beauty company to have completely eliminated the use of PFAS in their products, <a href="https://www.businessinsider.com/lawmakers-introduce-bills-pfas-forever-chemicals-makeup-clean-beauty-study-2021-6">Insider previously reported</a>. Some stores, like <a href="https://www.ulta.com/conscious-beauty/clean-ingredients/?AID=165150&amp;PID=10078&amp;CID=af_165150_10078_&amp;clickId=xXY3PmQ8ExyLWkNwUx0Mo37iUkByWRU4E1Lj380&amp;SubID=businessinsider.com&amp;irgwc=1ider.com&amp;irgwc=1">Ulta Beauty</a>, do not ban PFAS completely but offer "clean ingredients" sections for conscious consumers. Products listed in that category are made without 24 potentially harmful ingredients, including PFAS chemicals. <h2>Avoiding unlabeled PFAS will require industry or government action</h2>Nearly 90% of the products that had indicators of PFAS in the study did not list PFAS on the ingredients labels, so consumers might be exposed to the chemicals unknowingly. Government oversight could help reduce those exposures, or at the very least help cosmetics consumers make informed decisions.After the publication of the study, lawmakers introduced to the US Senate two bills to regulate chemicals in cosmetics.The <a href="https://www.collins.senate.gov/newsroom/collins-blumenthal-introduce-bill-ban-pfas-chemicals-cosmetics">No PFAS in Cosmetics Act</a> would ban the intentional use of PFAS chemicals in makeup, while the <a href="https://www.congress.gov/bill/115th-congress/senate-bill/1113">Personal Care Products Safety Act</a> would require companies to submit their ingredients to the Food and Drug Administration for review.If the bills pass, it could mean big changes for the US cosmetics industry. In the meantime, the GSPI also recommends reaching out to makeup companies directly to ask them to ban PFAS in their products.

How to find makeup that doesn't contain cancer-linked 'forever chemicals'

<div class="image-container float_right"><div class="image">AMC screencapBreaking Bad</div></div>This is a new indicator that I'm following that appears to be a leading indicator for the economy.
From the American Chemistry Council: <a href="http://www.americanchemistry.com/Media/PressReleasesTranscripts/ACC-news-releases/Leading-Economic-Indicator-Shows-US-Economy-on-the-Upswing.html">Leading Economic Indicator Shows U.S. Economy on the Upswing; Consumer-Driven Production Gains Strengthen</a>
The pendulum of the U.S. economy remains on the upswing, according to the American Chemistry Council’s (ACC) monthly <keyword id="1846814" type="UNKNOWN" weightage="60" keywordseo="Chemical-Activity-Barometer">Chemical Activity Barometer</keyword> (CAB), released today. The economic indicator, shown to lead U.S. business cycles by an average of eight months at cycle peaks, increased 0.1 percent over July on a three-month moving average (3MMA) basis, marking its fourth consecutive monthly gain. The barometer is now up 3.8 percent over a year ago, the largest year-over-year increase since September 2010. The index itself is at its highest point since June 2008. Prior CAB readings for March through July were all revised.
“As we approach the fourth quarter, the U.S. economy seems to be making strides, compared to the baby steps of earlier in the year,” said Dr. Kevin Swift, chief economist at the American Chemistry Council. “The Chemical Activity Barometer is showing a strengthening of year-over-year growth and suggests an economy which finally may be gaining momentum,” he added.
This graph shows the year-over-year change in the 3-month moving average for the Chemical Activity Barometer compared to Industrial Production. It does appear that CAB (red) generally leads Industrial Production (blue).
And this suggests that economic activity is increasing.
<div class="image-container"><div class="image"><keyword id="1745510" type="UNKNOWN" weightage="60" keywordseo="Calculated-Risk">Calculated Risk</keyword></div></div>

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India's chemical demand likely to jump to $1,000 billion by 2040

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Study finds cancer-causing chemicals in popular sprays that stop glasses from fogging when you wear a mask

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Fineotex Chemical share hits all-time high after Nippon India Mutual Fund buys 6.6 million shares

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Tata Chemicals is seeking Kotak Mahindra’s help to sell off its fertiliser business

BI India Bureau

Huge Chemical Leak In China Was Not Reported For Nearly A Week

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How to find makeup that doesn't contain cancer-linked 'forever chemicals'

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The 'Chemical Activity Barometer' Confirms That The US Economy Is On An Upswing

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