BASF SE is one of the market leaders in the global rigid transparent plastics industry. BASF is a leading supplier of polyurethane solutions for systems, specialties, and PU basic products. It has a global network of 39 polyurethane system houses with comprehensive product and service portfolio. Through its system house network, BASF provides fast local support, from technical service and sales to production and marketing, during the development of customized solutions.
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In December 2014, BASF SE acquired Taiwan and Mainland China of Taiwan Sheen Soon (“TWSS”) company. TWSS is a leading manufacturer of thermoplastic polyurethanes (“TPU”) adhesives base material. This acquisition will help in pursuing attractive growth in TPU market and bring customized plastics under one roof.
On May 2015, Bayer Material Sciences developed a unique method of using CO2 in plastic production. This will be the first project for integrated carbon dioxide as a raw material for polyols on a commercial scale. This development will help in providing plastics industry an alternative raw material to relieve the dependency on fossil fuels.
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Similarly, in November 2014, the Dow Chemical Company launched DLP-500, a high performance acrylic redispersible powder that will help in lower packaging cost.
In March 2015, Eastman Chemical Company showcased its new capabilities in helping advance the plastics industry by providing its specialty plastics portfolio. The manufacturers of plastics industry considered it to be important to collaborate and find new ideas.
In June 2013, Evonik Industries, also a key player in the rigid transparent plastics market, launched a new generation of PVC plasticizers under the ELATUR product brand. With this strategic portfolio expansion, Evonik is consistently developing its range of sustainable plasticizers.
The key participants operating in the global rigid transparent plastics market are BASF SE (Germany), Bayer Material Sciences (Germany), Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Evonik Industries (Germany), Ineos Group Limited (Switzerland), PPG Industries Ltd. (U.S.), Sabic Innovative Plastics (Saudi Arabia), among others.