Vinylphosphonic Acid Market Expected to Reach 18.0 Million USD by the Forecast Report 2020-2025 with Top Three Major Vendors like: Euticals, BASF and Solvay Novecare in World
Vinylphosphonic acid is an organophosphorus compound with the formula C2H3PO3H2. It is a colorless, low-melting solid although commercial samples are often yellowish viscous liquids. It is used to prepare adhesives. Vinylphosphonic acid (VPA) is an organophosphorus compound that is used in the surface treatment of metal substrates. It can be used in the preparation of poly(VPA) by radical polymerization in the presence of initiator systems and chain transfer agents. The Global Vinylphosphonic Acid Market is segmented on the basis of Product Type, Application, End Use Industry and Region. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
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On the Basis of Product Type segment, the Vinylphosphonic Acid Market is sub segmented into VPA 90% and VPA 80%. Based on End Use Industry segment, the Vinylphosphonic Acid Market is segmented as Printing, Coating, Water Treatment & Oil Well, Fuel Cells.
There are several manufacturers of Vinylphosphonic Acid in Europe and North America. In North America, the demand for Vinylphosphonic Acid is primarily driven by the Chemical and Advanced Material sector. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. To project the consumption of Vinylphosphonic Acid markets, with respect to key regions along with their respective key countries.
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Top Industry News:
BASF opens new ASEAN Technical Development Center housing state-of-the-art pre-polymer reactor technology on 17 December, 2020 -- BASF today opened its ASEAN Technical Development Center adjacent to its existing Polyurethane (PU) System House at Bangpoo site in Thailand. The new facility houses a state-of-the-art pre-polymer reactor technology to produce a hardener (component B) – a key component to boost product development efficiency, thereby enabling faster time-to-market of PU materials and solutions.
The advanced reactor technology is further designed to deliver on a much larger capacity, meeting most demanding customer requirements across all grades. The new pre-polymer reactor technology is additionally capable of developing customized PU System products, which helps improve the commercialization of these specialized solutions.
The ASEAN Technical Development Center also boasts several new service upgrades, such as more advanced testing and software capabilities. With the new pre-polymer reactor technology, the ASEAN Technical Center strengthens and complements BASF’s technical support network in China, Korea, and Germany.
“Through the ASEAN Technical Development Center, we are better positioned to support our customers and help them capitalize on growth opportunities in ASEAN across key industries and applications,” said Andy Postlethwaite, Senior Vice President, Performance Materials Asia Pacific, BASF. “Together with the expanded polyurethane system house, we are demonstrating our commitment to ASEAN, with even more reliable supply, as well as technical expertise and innovation capabilities.”
BASF previously increased the production capacity of its polyurethane system house in Bangpoo as part of a move to better meet the growing demand across automotive, consumer, construction, and industrial markets in ASEAN. With a total production area of 2,700 m2, the redesigned system house includes additional mixing vessels, reactors, and storage tanks.
The ASEAN car market by production volume continues to grow with differentiated products and emerging applications. Thailand and Indonesia are among the largest automotive industries in Southeast Asia, while Vietnam is already one of the world’s largest footwear exporters, and its industry is expected to grow as more manufacturers are relocating their manufacturing base there.
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Major Key Players:
Some of the Vinylphosphonic Acid Market manufacturers involved in the market are Euticals, BASF and Solvay Novecare in World, effective mergers are some of the strategies adopted by the Vinylphosphonic Acid Market manufacturers. New product launches and continuous technological innovations are the Vinylphosphonic Acid Market strategies adopted by the major players.
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