BASF

Pune – October 01, 2026 -- The global water electrolysis market reached USD 7.43 billion in 2025 and is projected to climb to USD 12.66 billion by 2034, a 6.1% CAGR through the forecast period, according to a new report from Maximize Market Research (MMR).

Installed electrolysis capacity more than doubled to above 4 GW in 2025

Global installed electrolysis capacity surpassed 4 GW last year, with over 2.5 GW under construction and targeting operation in 2026. Capital spending on low-emissions hydrogen projects reached nearly USD 7 billion in 2025, almost double the 2024 figure, with electrolysis-based projects capturing the larger share of that total.

Pune, India – October 01, 2026 -- The global elastomers market is projected to grow from $104.73 billion in 2025 to $149.19 billion by 2034, a compound annual growth rate of 4.01% through the forecast period, according to Maximize Market Research.

BASF starts commercial TPU production in Shanghai to serve China's EV and robotics demand

In April 2026, BASF began commercial production of its Elastollan flame-retardant thermoplastic polyurethane (TPU) grade in Shanghai, expanding local supply for robotics, industrial automation and EV charging cable applications. The move strengthens China's position as a major hub for specialty elastomer production and consumption.

Pune – – September 30, 2026 -- The global engineering plastics market reached USD 125.10 billion in 2025 and is projected to hit nearly USD 300 billion by 2034, expanding at a compound annual growth rate of 7.4% from 2026, according to a new analysis by Maximize Market Research.

Automotive and EV production drove 2025 demand for engineering plastics

Automotive & Transportation was the leading end-use industry in 2025, with engineering plastics used in battery housings, fuel systems, electronic modules, lighting, and structural components. Polyamide (PA) held the dominant market share by material type due to its strength, wear resistance, and chemical stability, while polycarbonate is gaining traction in EV battery enclosures, electronic housings, medical devices, and LED lighting.

Pune – September 28, 2026 -- The global agrochemicals market was valued at $245.15 billion in 2025 and is projected to reach $355.01 billion by 2034, growing at a 4.2% compound annual rate from 2026, according to a new report from Maximize Market Research.

Pest and disease pressure continues to drive nearly 40% of annual crop losses worldwide

Bayer noted in 2026 that plant diseases and pests can destroy up to 40% of global crops each year, while weeds alone can cut yields by close to 34%. This sustained pressure keeps demand elevated for herbicides, insecticides, fungicides, fertilizers and seed-treatment products across cereal, grain, fruit and vegetable production.

Delray Beach – September 22, 2026 -- The global heat transfer fluids market is projected to expand from $5.33 billion in 2026 to $6.60 billion by 2031, a 4.4% compound annual growth rate, according to a new report from MarketsandMarkets.

Asia Pacific leads growth as chemical and electronics output expands

Asia Pacific is both the largest and fastest-growing regional market, expanding at a 5.1% CAGR through 2031. China, India, Japan, South Korea and Southeast Asian manufacturing hubs are driving demand for process heating and temperature-control solutions across chemicals, automotive, electronics and pharmaceutical production, alongside rising investment in data centers and HVAC infrastructure.

London – September 17, 2026 -- BASF retook the top spot in the ICIS Top 100 Chemical Companies ranking with $70.0 billion in 2025 sales, even as sector-wide net profits collapsed 81.9% year-on-year.

BASF overtakes Sinopec to lead global chemical rankings

The Germany-based producer displaced China's Sinopec, which posted $66.3 billion in sales for second place. US-based ExxonMobil ranked third at $53.4 billion, followed by PetroChina at $42.1 billion and Dow at $40.0 billion, according to the annual ICIS Chemical Business ranking, which converts figures to US dollars using year-end 2025 exchange rates.

Newark, N.J. – September 11, 2026 -- Agilis, a digital and AI platform provider for the chemical industry, has formed an Advisory Board staffed with former senior executives from Dow, BASF, Brenntag, allnex and Boston Consulting Group to guide its enterprise scaling and international expansion.

Agilis has digitized more than one million SKUs across 50-plus countries

The company says it has run AI features in production with customers since 2024, a stage many chemical industry peers have yet to reach as they remain in pilot testing. The new board is tasked with advising on strategy, product direction, enterprise adoption, commercial execution and international growth.

Astana – September 09, 2026 -- China Petroleum & Chemical Corporation (Sinopec, HKG: 0386) has co-launched a Low-Carbon Energy Development Cooperation Initiative with Kazakhstan's Energy Ministry, Nazarbayev University's Institute for New Materials and Energy Technologies, and the International Organization for Technological Innovation Cooperation on CCUS (ICTO), aiming to deepen coordination on carbon capture, utilization and storage technologies and standards.

Astana – September 09, 2026 -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") joined Kazakhstan's Ministry of Energy, the International Cooperation Organization for Technological Innovation in CCUS (ICTO), and the Institute of New Materials and Energy Technologies at Nazarbayev University to launch a Low-Carbon Energy Development Cooperation Initiative at the 2026 International CCUS Technology Conference in Astana on September 1-2.

Initiative targets closer coordination on CCUS technology and standards