BASF makes unsuccessful bid for Engelhard
- Publisher
- Elsevier Science
- Year
- 2006
- Weight
- 44 KB
- Volume
- 2006
- Category
- Article
- ISSN
- 1351-4180
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โฆ Synopsis
US demand for chemical catalysts forecast to expand 3.3%/y to 2009
Chemical catalyst demand in the USA is projected to grow 3.3%/y to 2009, according to a recent study from industrial market research firm The Freedonia Group Inc. The report stated that continued robust demand for olefin-based materials and ethylene glycol-based polyesters will result in near average growth for the petrochemicals industry. However, demand for inorganic chemical catalysts will drop due to the effect of high prices of natural gas on ammonia, and accordingly, nitric acid production. Alcohols will experience the most rapid growth as the ethanol industry continues to grow rapidly to conform to the standard under the Energy Policy Act of 2005.
Hydrocarbon Processing, Dec 2005, 84 (12), 7
Catalysts are driving big deals
BASF estimates that the automotive catalyst market is worth $2.5 bn. It has launched a $4.9 bn cash bid for Engelhard Corp. This would allow BASF to expand its automotive catalysts business as will as strengthen its position for speciality pigments. Engelhard produces catalysts for automotive, pollution control, chemical, polyolefin, and petroleum applications. It had sales of $3.3 bn for Jan-Sep 2005. Its 2004 sales of $4.2 bn were split: Environmental Technologies division 22% (automotive and non-automotive catalysts), Process Technologies division 15% and Appearance and Performance Technologies division 17% (mainly pigments) and Materials Services (base and precious metal services for Engelhard's catalyst activities and external clients) 46%. Catalyst sales are being boosted by increased environmental legislation in N America, the EU, and Japan as well as market expansion in India, Russia, China, and S America. Engelhard has around 30% of the fluid-cracking catalyst market.
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