World Catalyst Market Series ---- BASF Company
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Competition among the major global catalyst companies is extremely fierce, with each participant using various strategies to expand its market share in order to maintain its position in the market. Large catalyst companies expand their market share primarily through mergers and acquisitions, partnerships, and product development, while smaller enterprises maintain their market position by reducing the prices of their catalysts. This post introduces: BASF Corporation. For more information, please visit: World Catalyst Market Series https://bbs.hcbbs.com/forum.php?mod=viewthread&tid=5512570
BASF SE is a German multinational chemical company founded in 1865; it is a leading global producer of chemicals that offers a diverse range of products and services across various industries. BASF’s products include petrochemicals, high-performance chemicals, catalysts, plastics, and more. Recent development focuses on sustainability, digitalization, and biotechnology. BASF’s unique strengths lie in its cross-industry expertise, customized solutions, global reach, and commitment to sustainable development. BASF is the only company in the world to cover the entire range of catalyst products, with over 200 different types of catalysts available. These mainly include: refining catalysts (FCC catalysts), automotive catalysts, chemical catalysts (copper-chromium catalysts and ruthenium catalysts, etc.), environmental protection catalysts, oxidation-dehydrogenation catalysts, and dehydrogenation-purification catalysts, etc. BASF is the world’s second-largest producer of FCC catalysts, holding about 12% of the global market share in this area. In December 2021, BASF issued a major announcement stating that it would divest certain business units, including mobile emission catalysts, precious metals trading, recycling, as well as related products and services. These divisions will be merged into a new independent entity named BASF Automotive Catalysts and Recycling (ACR). However, the name has been changed to BASF Environmental Catalysts and Metal Solutions (ECMS). This cutting process is scheduled to be completed in July 2023.
BASF has a wide range of businesses, and catalysts are just one of them.