Industry news
May 19, 2016- Sumitomo Chemicals have commences new production
plant and have expanded methionine production line in Japan. It is the key market
in Asia Pacific and active demand is observed in this economy for feed
additive. Sumitomo Chemicals were operating at existing production capacity of
150,000 tones/per year. It has added additional 100,000 tons of methionine. As
per the proposed plan, this production capacity will be undertaken in third
quarter of 2018.
December 6, 2016 – Sumitomo Chemicals and Itochu Corporation have
formed joint venture for methionine distribution. Together both of these
companies have bound in an distribution agreement, wherein, feed additive
methionine which is to be produce in a new production line at the Ehime Works
of Sumitomo Chemicals. Scope of this partnership includes establishment of
joint venture to drive the sales of methionine manufactured (1,00,000 tonnes)
in new production line. Itochu would be responsible for the distribution of
methionine.
October 19, 2016 – Evonik Industries started construction of second methionine production plant in
Singapore. This production plant is a major expansion and is being undertaken
and a result of augmented emend for DL-methionine in continued demand for
animal nutrition. Initially this plant would be capable of producing 300,000
metric ton per year of methionine.
November 27, 2015 – Sumitomo Chemicals have doubled their poultry feed
additive and expanded production capacity of methionine. It has spent USD 485
million for this capacity addition. To cater increasing demand form the poultry
from China and Asian country level markets.
October 1, 2015 – Evonik Industries have added 150,000 tones/year
methionine product capacity. Increasing animal nutritional awareness is the key
factor driving the demand for methionine demand and has led this expansion.
With this expansion, Evonik Industry follows the global megatrend of
health and nutrition, which is raising
the DL-methionine growth.
Competitive
Landscape
Ø Sumitomo Chemical Co, Ltd
Ø Evonik Industries
Ø Bluestar Adisseo Co Ltd
Ø Novus International
Ø Tokyo Chemical Industry Co ltd
Ø Sunrise nutrachem Group
Ø Prinova Group LLC
Ø Amino Gmbh
Methionine Market – Market Overview
Methionine is the vital amino acid needed for the growth
and tissue repair in human and animal. High level of the methionine can be
found in eggs, spinach, cheese, fish, nuts, meat, and poultry. The overall
application scope of the methionine covers applications in animal feed, food
& beverages, pharmaceutical sand others. Factors such as massive
consumption of methionine in animal feed for animal health and nutrition is the
major factor supporting the overall growth of this market. Furthermore,
increasing health issues in old age population is providing scope for
methionine consumption and is further expected to drive global demand. On the
spit side, complexities in the methionine production is creating brier over the
growth of this market. This factor is hampering the global demand and is
further expected to challenge the global demand over the given period.
Regional Overview
Factor such as high cattle production in
China, India, and other South East Asian countries is the major factor led the
domination of Asia Pacific region on global market. The region is the largest
producer as well as consumer of the methionine and has accounted for the
largest global share. Shifting patterns towards nutritional food including
fish, meat, and beef linked with augmented economic spending power is surging
methionine demand across Asia Pacific region. North America is the second
largest region followed by the Asia Pacific and is witnessing highest CAGR
among all. Europe and Middle East both of the region expected to show moderate growth
over the assessment period
the growth offered
by this market. Even though, global competition is medium over the last few
years, it is expected to get high over the assessment period.
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