PRODUCTION CHEMICALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In February 2022, Shin-Etsu Chemical invested USD 680 million in Japan facilities to expand silicon-based products production, including resins, fluids, and related items, aiming for increased capacity by 2025
• In April 2021, DuPont invested USD 30 million in a new adhesive manufacturing facility in Zhangjiagang, China, focusing on bonding adhesives for electric vehicles and lightweight construction. The plant will produce thermal interface materials, thermal conductive adhesives, multi-material bonding adhesives, and structural adhesives to meet the increasing demand for hybrid and electric vehicles in China and the Asia Pacific region. The facility is set to commence operations by 2023.
• In May 2022, DuPont invested USD 250 million in the Ohio facility to expand its electronics & industrial business, catering to the rising demand for Kapton polyimide film and Pyralux materials in the automotive, electronics, telecom, industrial, and defense sectors
• In October 2020, Dexerials Corp. partnered with SemsoTec Group to supply optical materials for automotive displays in Germany, enhancing in-vehicle technology and catering to the needs of local manufacturers