HIGH PERFORMANCE PLASTICS MARKET ANALYSIS

Market News

Key Developments

1. Major companies in the market are focused on various growth strategies such as capacity expansion, in order to expand their product portfolio. For instance, in April 2018, BASF SE, a Germany-based chemicals company, started a new production line for its high-temperature resistant thermoplastic ‘Ultrason’ in Yeosu, South Korea. This new production line will add 6 kiloton per annum to BASF’s polyarylsulfone production capacity and will serve Asia Pacific market.
2. Key players in the market are adopting various business strategies such as partnership, collaboration, and agreement, in order to enhance their market presence. For instance, in May 2019, Solvay SA, a specialty chemicals company, and Stratasys entered into partnership to develop high performance filaments for Stratasys’s FDM F900 3D Printers.
3. Major companies in the market are involved in various growth strategies such as marketing and advertising, in order to gain competitive edge in the global market. For instance, in October 2017, Kuraray, a manufacturer of chemicals and plastics, presented new Septon Bio, Eval EVOH, Mowiflex, Hybrar, and, Genestar PA9T, which are high performance plastics at 25^th Fukuma Trade Show.