PLASTIC ADDITIVES MARKET ANALYSIS

Market News

Key Developments

1. Key companies in the market are involved in various business strategies such as business expansion, in order to enhance their market position. For instance, in June 2018, BASF SE, the German chemicals company, inaugurated its new application center for plastic additives in Kaisten, Switzerland. This new facility will include combination of intelligent process automation and expertise, in order to increase the quality of plastic produced.
2. Key players in the market are focused on various business strategies such as business expansion, in order to gain competitive edge in the market. For instance, in June 2018, Clariant AG started two new additives facilities in Zhenjiang, China. These facilities will produce the company’s AddWorks synergetic additive solutions for plastics, ink, and coatings industries.
3. Major companies in the market are involved in various growth strategies such as product launch, in order to gain competitive edge in the market. For instance, in March 2018, Milliken & Company launched its extensive portfolio of additives technology, Hyperform HPN Family and two products impact copolymers and injection-molded polypropylene.