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.
COVID-19 Impact Analysis on Aluminum Extruded Products
Market@ https://www.marketresearchfuture.com/report/covid-19-impact-aluminum-extruded-products-market
COVID-19 Impact Analysis on Artificial or Synthetic Leather
Market@ https://www.marketresearchfuture.com/report/covid-19-impact-artificial-synthetic-leather-market
No comments:
Post a Comment