Leading Polymer Producers and Compounders Gearing Up for Complexities Emerging Out of Material Trends, Vehicle Electrification, and Lightweighting

Posted by MarketsandMarkets on Jun 3, 2019 4:17:04 PM

BASF SE (Germany) is planning to invest USD 10 billion in China to build a new plant for engineering plastics – a strategic move to further strengthen its leading position in the polymers market as the customers producing next-gen automotive, electronics, and electrical products turn to high-performance materials manufacturers for their specific needs. China is the leading market for electric vehicles (EVs), electronics, and electrical products as the country is a key supplier of components as well as end products to the world. The customers in these industries are turning to companies such as BASF to address industry trends such as vehicle electrification, lightweighting, electrical energy saving solutions, and miniaturization of electronic devices.

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Topics: Chemicals, polymers market

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