Evonik to Expand Production Capacity of its ROHACELL® brand
Evonik
Industries AG, invests in capacity expansion for its Performance Foams business
in Germany
Germany:
Evonik Industry AG, a leading
manufacturer of specialty chemicals would invest in production capacity
expansion of its Performance Foams business in Germany. The production capacity
of the plant located at Darmstadt, Germany will increase by 20% during the initial
stages. The expansion will involve incorporation of new production equipment
for manufacturing products under the ROHACELL® brand. The existing plant
manufactures products that are used as a key component in the production of
sandwich composites. The expanded facility is expected to begin its operations
by second half of 2017. As per Senior Vice President of High Performance
Polymers Business Line at Evonik Resource Efficiency Segment, Dr. Matthias
Kottenhahn, the capacity expansion is fruitful step towards meeting the
customers demand for performance foams offering lightweight solutions.
TechSci
Research depicts that the expansion
of production facility for enhancing the performance foams business in Germany
would address the demand for high performance foams in various end-user
industries such as aviation, automotive, sports equipment, electronics
manufacturing and medical technology. Since India generates large demand for
polyurethane foams manufactured in Germany, expanding performance foams
capacity in Germany would be vital to the increasing demand for thermoplastic
elastomers in the country over the coming years.
According to the recently published
report by TechSci Research, “India
Thermoplastic Elastomers Market By Type (Styrenic Block
Copolymers, Thermoplastic Olefins, Thermoplastic Polyurethanes, etc.), By End
Use Application (Automotive, Consumer Durables, etc.), Competition Forecast and
Opportunities, 2011 – 2025”, the
market of thermoplastic elastomers in India is anticipated to grow at a CAGR of
around 7% during 2016 – 2025. Styrenic Block Copolymers dominated India
thermoplastic elastomers market in 2015, and the segment is expected to
continue dominating the market through 2025 owing to its wide range of
applications in various industries, ranging from automotive to consumer
durables. A major share in the demand for thermoplastic elastomers emanates
from Tamil Nadu, Maharashtra, National Capital Region (NCR), Gujarat, Karnataka
and Andhra Pradesh, among others.