Apr, 30 2024

The Mitsubishi chemical corporation, Huntsman international LLC, Shin-Etsu, Momentive are dominating the market for Global Silicone Textile Chemicals Market in 2018

MITSUBISHI CHEMICAL CORPORATION

The company was founded in 1933, and is headquartered in Tokyo, Japan. The company is engaged in providing global solution in the field of environment, energy, medical, food and electronics. The product categories are chemicals, polymers, resins, high performance chemicals. The Lubrizol Corporation has global presence in Japan, U.S., Germany, China and Singapore.

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In November 2018, Mitsubishi Chemical Corporation added bio-based polycarbonatediol (PCD) BENEBiOL has taken as a raw material for Ultrasuede BX which is hurled by Toray Industries. The adoption of PCD as raw material maintains the policy of creating organic and environmental friendly products.

Some of the subsidiaries of the company are Dia Molding Co. Ltd. (Japan), Du-Pont-MCC Co., Ltd. Fujiwara Co. (Japan), Ltd. Japan Coating Resin Corporation (Japan), Japan Coating Resin Corporation (Japan), DiaPlus Film Inc. (Japan).

HUNTSMAN INTERNATIONAL LLC

The company was founded in 1970 and is based in Texas, U.S. The company is engaged in manufacturing and distribution of industrial ends markets and consumer such as footwear, clothing, construction, transportation and home life. Huntsman international LLC has a global presence in Germany, Mexico, China, United States and other nations.

In May 2017, Huntsman Corporation acquired one of the leading companies in terms of methylene diphenyl diisocyanate (MDI) in U.K. IFS Chemicals Limited (IFS). This acquisition will help provide the platform to expand the business in U.K. region.

SHIN-ETSU

The company was established in 1926, and is based in Tokyo; Japan.The Company is engaged in the creation in materials and technologies.

In September, Shin-Etsu Chemical Co., Ltd. invested USD 1.01 Billion in the silicone facilities for its silicone business. This investment aims at increasing the production capacity of silicone monomers which is the immediate product derived from silicones.

In November, Shin-Etsu Chemical Co., Ltd. announced that there is going to be an increase in the prices of silicone based products in Japan and globally. This increase in price was done as the prices of silicone metal (raw material) were rising.

Momentive

The company was founded in 1940 and is headquartered in New York, United States. The company is engaged in the company is engaged in manufacturing, selling and distribution of silicone, quartz and other chemical commodities. Products of the company include Adhesives and Sealants Additives, Antifoams, Ceramics, Coatings Additives.

In September 2018, Momentive Performance Materials Inc. announced the opening of manufacturing unit in Leverkusen, Germany for NXT silane. The expansion will help in increasing the production NXT silane and help the company to strengthen its position in silicone chemicals market.

Some of the subsidiaries of the company are Momentive Performance Materials (Suisse) Sarl (Switzerland), Momentive Services S. de R.L. de CV. (Mexico), Wuxi Momentive Performance Materials Co Ltd (China), Momentive Performance Materials Hong Kong Limited (Hong Kong).

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