Paint and Coatings Additives

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The reason for the claim is alleged damages amounting up to €1 billion in relation to infringements of competition law on the ethylene purchasing market.

The new TEGO Rad 2330 is designed for use in a wide range of inks and varnish applications as well as clear and pigmented wood coatings. 

The investment adds about 400,000 metric tons per year to BASF's production capacity for these products.

The company said rising concerns about the impact of PFAS on human health and the environment have led to a growing demand for PTFE alternatives.

The new defoamer has been developed for easy incorporation into waterborne inks at any stage of ink manufacture and even for press-side addition.

This recognition places Hexigone in the top 5% of companies assessed for sustainability on a global scale.

This sustainable technology provides a balance of wetting and low foaming that leads to defect-free films in coatings.

New powder NiSAT grades realize up to 80% CO₂ reduction on transportation, and require up to six times less storage space. These products also realize higher effectivity, improved rheology, and extra dry film properties.

The digital tool is being rolled out across the group’s Novecare business, which offers high-performing solutions across the agro, home and personal care, coatings and industrial markets.

Reportedly, the market was sized at $8.3 billion in 2023, with a projected CAGR of 4.7% from 2023 to 2028.