- In September 2023, Covestro and Selena Group partnered to develop sustainable polyurethane foams aimed at enhancing building thermal insulation. This collaboration leverages Selena Group's expertise in construction chemicals and Covestro's capabilities in plastics manufacturing to promote eco-friendly solutions
- In July 2023, Mitsui Chemicals inaugurated a new production plant in Singapore to boost the production of Tafmer, a high-performance polyolefin elastomer. Tafmer is a critical component in automotive polypropylene compounds and is also used in encapsulation films for solar modules, which is a growing market
- In May 2023, BASF Forward AM partnered with Arkema to advance sustainability in Additive Manufacturing. This collaboration focuses on developing innovative recycling solutions that benefit both polymer producers and consumers, promoting the use of partially recycled grades
- In June 2022, Mitsui Chemicals, holding a 65% stake in Prime Polymer, teamed up to construct a new polypropylene factory in the Netherlands with a capacity of 30,000 mt/year. This expansion was aimed at addressing the growing demand for polypropylene, which is used in manufacturing lightweight components such as bumpers and instrument panels
- In June 2021, Dow Chemicals formed a partnership with Callaway Golf Company to create next-generation golf balls using the PARALOID Impact Modifier. This strategic alliance was intended to strengthen Dow Chemicals' product range and support advancements in sports equipment technology
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Performance-Tailored Tougheners, Coupling Agents, Flexibilizers, and Mixed Plastics Compatibilizers), Application (Oil and Gas, Mining, Chemical Industrial, Architecture, and Others) – Industry Trends and Forecast to 2032
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The Global Polymeric Modifiers Market size was valued at USD 4.61 USD Billion in 2024.
The Global Polymeric Modifiers Market is projected to grow at a CAGR of 4.95% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
