Plastics are comprised of numerous synthetic and semisynthetic materials that are strong, formable, and lightweight. In the past few decades, plastics have become an inseparable component of daily existence. They are utilized in virtually every conceivable fashion. Plastics make products more comfortable, user-friendly, and secure. In homes, they are utilized as rugs, blankets, and pillows to make people more comfortable, as well as in bottles and containers to transport food on the go. They are also used in sports and safety equipment, as well as a variety of electronic devices that enable Internet access and communication.
Demand for new and creative materials like plastics is being driven by a rising standard of living, a growing environmental consciousness, and a belief in sustainable development among the general public. Asia-Pacific is the largest, and fastest-growing region in the global High Performance Plastics Market, due to rampant growth in the electrical & electronics industries in countries such as China, Taiwan, and South Korea, which are among the largest manufacturers of electrical & electronics components.
Major Players in the High Performance Plastics Industry:
1. BASF SE
BASF SE is a European multinational company and the largest chemical producer in the world. It was founded in 1865 and headquartered in Ludwigshafen, Germany. It operates in more than 80 countries. BASF will present its plastics journey toward a circular economy and sustainable management at the Plastics Recycling and Sustainability Conference Europe (PRSE) 2023 in May 2023. BASF will showcase its latest plastics circular economy solutions at PRSE, exhibit D32. The company will demonstrate its high-performance mechanical and chemical recycling technologies and complementary approach to reduce plastic waste.
2. Daikin Industries, Ltd.
Daikin Industries, Ltd. is a Japanese multinational conglomerate company, was founded in 1924 and headquartered in Osaka, Japan. It operates in more than 170 countries worldwide.
3. Celanese Corporation
Celanese Corporation was founded in 1918 and headquartered in New York,U.S.A. It operates in 11 countries. Celanese Corporation, a global chemical and specialty materials company, will exhibit an expanded portfolio of polymer solutions for the healthcare market at MD&M West 2023 in Anaheim, California, in February 2023.
4. Solvay S.A
Solvay S.A is a Belgian multinational chemical company, was founded in 1863, and headquartered in Brussels, Belgium. It operates in 61 countries. In April 2023, Solvay, a global market leader in specialty materials, received mass balance (MB)1 chain of custody accreditation from an independent third party under the International Sustainability and Carbon Certification (ISCC-PLUS) scheme for its Marietta, Ohio (USA) facility that produces polysulfone (PSU) and polyphenylsulfone (PPSU). Udel® PSU ReCycle MB and Radel® PPSU ReCycle MB are the first ISCC-PLUS mass balance compliant sulfone materials commercially available worldwide.
5. Arkema SA
Arkema SA is a publicly listed, multi-national manufacturer of specialty materials, was founded in 2004 and headquartered in Colombes, France. It operates more than 55 countries. With the proposed purchase of Agiplast, a leader in the regeneration of high performance polymers, particularly specialty polyamides and fluoropolymers, in May 2021, Arkema intends to offer a comprehensive service to customers in terms of materials circularity, thereby meeting rising market demands in this area. This initiative, which contributes to the sustainable growth of the polymer industry, fits perfectly with Arkema's strategy for sustainable growth.
6. Evonik Industries AG
Evonik Industries AG is a stock-listed German specialty chemicals company, was founded in 2007 and headquartered in North Rhine-Westphalia, Germany. It operates in more than 100 countries. Evonik presented its latest sustainable solutions for the plastics and rubber industries at K 2022 in Dusseldorf, Germany, October 2022. Under its novel 'Next Generation Plastic Solutions' concept, the specialty chemicals company's experts illustrates how they are taking responsibility to ensure a better world for future generations by enhancing the performance, sustainability, and recyclability of Evonik's products and enabling circular solutions for plastics using examples from the children of their team members.
7. Kuraray Co., Ltd.
Kuraray Co., Ltd. is a Japanese manufacturer of chemicals, fibers and other materials. It was founded in 1926 and headquartered in Osaka, Japan .It operates in 28 countries. In April 2023, Kuraray Co., Ltd. will establish a manufacturing plant in partnership with PTT Global Chemical Public Company Limited (GC) and Sumitomo Corporation as Kuraray GC Advanced Materials Co., Ltd. and Kuraray Advanced Chemicals (Thailand) Limited. This manufacturing facility is intended to upgrade and develop competitiveness in the Eastern Economic Corridor (EEC) region, with the opening ceremony being presided over by the Deputy Governor of Rayong province at WHA Eastern Industrial Estate.
8. E. I. duPont de Nemours and Company
E. I. duPont de Nemours and Company was founded in 2017 as DowDuPont and as DuPont in 2019. It has it’s headquarter in Delaware, United States. It operates in 90 countries.
9. SABIC
SABIC was founded in 1976 and headquartered in Riyadh, Saudi Arabia. It operates in around 50 countries across the world.
10. Victrex Plc
Victrex Plc is a British-based supplier of high performance polymers. It was founded in 1993 and headquartered in England, UK. It operates in.
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Definition: High-performance plastics are plastics that meet higher requirements than standard or engineering plastics. They are more expensive and used in smaller amounts
