SPECIALTY POLYMERS MARKET ANALYSIS

Market News

Key Developments

1. Major players in the market are involved in various business strategies such as partnership and agreement, in order to gain competitive edge in the market. For instance, in January 2017, Revopolymer PLC, a U.K.-based polymers provider, entered into exclusive supply and marketing agreement with specialty chemicals provider Croda International PLC. Under this agreement, both parties will work together to grow supply of ZINADOR, which is polymer-based odor removal additive, worldwide.   
2. Key players in the market are focused on various business strategies such as business and capacity expansion, in order to expand its product portfolio. For instance, in April 2018, BASF SE, a global supplier of chemicals, started new production line for its high-temperature resistant thermoplastic Ultrason (polyarylsulfone) at its site in Yeosu, South Korea. This new production line will strengthen company’s specialty polymer business. .
3. Major companies in the market are involved in various business strategies such as product launch, in order to expand their product portfolio. For instance, Solvay S.A., a chemicals manufacturer, launched a broad portfolio of medical-grade specialty polymers for single-use biopharmaceutical manufacturing applications.