Group 1 - The Indian government has officially canceled the Quality Control Order (QCO) for 14 types of petrochemical products, including polyethylene (PE) and polyvinyl chloride (PVC), to reduce compliance burdens on domestic manufacturers [1] - The cancellation of the BIS certification requirement for these products is deemed necessary for public interest, according to the Ministry of Chemicals and Fertilizers [1] - The QCOs were initially introduced between 2021 and 2024, requiring manufacturers and importers to obtain BIS certification to sell products in the Indian market, which has been a non-tariff barrier hindering domestic industry development [1] Group 2 - A report indicates that most QCOs target raw materials and intermediate products rather than finished goods, with several new quality standards not aligning with international benchmarks [2] - The National Transformation Committee's expert group has proposed the cancellation, suspension, or postponement of over 200 products' QCOs [2]

Core Insights - The global market for terephthalic acid is projected to grow from approximately $5.303 billion in 2024 to $7.714 billion by 2031, with a compound annual growth rate (CAGR) of 6.2% from 2025 to 2031, driven by the expansion of downstream industries such as plastics, textiles, and coatings [1][5]. Product Types and Applications - Terephthalic acid is categorized into three main types: ortho-phthalic acid, meta-phthalic acid, and para-phthalic acid, with para-phthalic acid being the most produced variant, essential for producing polyester (PET) used in water bottles, polyester fibers, and food packaging [3][4]. - Ortho-phthalic acid serves as a core component for plasticizers, enhancing the flexibility of polyvinyl chloride (PVC), commonly used in electrical insulation and medical device casings [3]. - Meta-phthalic acid is noted for its excellent corrosion and heat resistance, making it suitable for high-performance unsaturated polyester resins used in marine and chemical equipment coatings [3][4]. Global Market Competition and Company Positioning - The global terephthalic acid market features a competitive landscape with international chemical giants and regional leaders. Lotte Chemical from South Korea is a key player in para-phthalic acid production, providing stable supply for the polyester industry [3][4]. - Mitsubishi Gas Chemical has established a strong presence in the meta-phthalic acid sector, known for high purity and stability, catering to the high-end coatings market [3]. Chinese Market Dynamics - Chinese companies like Jiaxing Petrochemical and Hainan Yisheng Petrochemical have become major suppliers of para-phthalic acid, meeting domestic demand and exporting significantly to Southeast Asia [4][5]. - Zhejiang Hengyi has enhanced its market competitiveness through integrated operations from crude oil processing to terephthalic acid and polyester products [5]. Industry Trends and Data-Driven Development - The Asia-Pacific region is the largest consumer market for terephthalic acid, with significant demand growth in countries like China and India, while North America and Europe focus on the environmental performance of terephthalic acid products [5]. - Fluctuations in crude oil prices, tightening environmental regulations, and upgrades in downstream industries are key factors influencing the market's development pace [5]. - A comprehensive market research report can provide insights into historical data from 2020-2024 and forecast trends from 2025-2031, helping companies optimize production and product structures [5][6].

Core Viewpoint - The article discusses an innovative method for chemically recycling mixed plastic waste into valuable chemical products, addressing the environmental challenges posed by plastic waste [2][3]. Group 1: Research Overview - The research, published in Nature, presents a strategy to convert eight common types of plastic waste into their original chemical components or other valuable compounds [3][10]. - The method focuses on identifying functional groups in mixed plastic waste to facilitate the separation and conversion of these materials into useful products [5][8]. Group 2: Methodology - The research team developed a solid-state NMR method to accurately identify the types of plastics present in the mixed waste, which is crucial for the subsequent processing steps [5][6]. - By using selective solvents, the team was able to dissolve and separate specific plastics from the mixed waste, followed by catalytic processes to convert these plastics into valuable products [6][7]. Group 3: Results and Innovations - The study successfully demonstrated the feasibility of the proposed strategy using a real-life plastic mixture, yielding various chemical substances such as benzoic acid, plasticizers, and hydrocarbons [7][8]. - The key innovation lies in the universal strategy designed to tackle the challenge of chemical recycling of mixed plastics, allowing for adjustments in chemical steps based on the initial identification of major components [8][10].