BASF Becomes a Market Leader in polyamides and polyphthalamides Grades in Europe
- 02-Feb-2022 2:03 PM
- Journalist: Robert Hume
As per the announcement made by BASF on 1st February 2022, it has commenced selling of its expanded engineered plastics portfolio which includes polyamides (PA) and polyphthalamides (PPA) grades that were a part of Solvay’s polyamide business before acquisition by BASF on 31st January 2020. The added products that earlier carried the name Technyl®, will be marketed under the brand name of Ultramid® One J (PA66/6T), henceforth.
BASF had already started distribution of the acquired products in the Asian and American regions right after acquiring the Solvay business. However, European market could not reap the benefits earlier as the European Commission had subjected the acquisition under specific conditions which got lapsed recently. The new product, which fills the void in BASF’s PA product chain in the Europe, is expected to enable the BASF customers to have access to advanced plastic solutions for underpinning all industrial applications, specifically in the electric and electronic segments.
Polyamides have become preferable materials in the production of automotive and electronic parts, thereby offsetting metals in order to minimize costs and contribute to making lightweight systems. BASF’s Ultramid® One J is ingrained with remarkable dielectric and mechanical attributes enabling it to withstand humid and high-temperature levels thus making it an ideal engineered plastic product for inclusion in automotive and industrial applications.
According to ChemAnalyst, the expansion and marketing of the new Polyamide segment have positioned BASF to the topmost level of the key market players list in Europe and have advanced the company’s steps closer to becoming a global leader in the near term. This move is expected to render sufficient supplies of Polyamide in the European downstream industries. The ease of availability of the marketed segments is expected to bring stability in the prices of Polyamide portfolio in Europe which is expected to translate to the end-use customers.