Dow to Exit Hydroxyalkyl Acrylates Market

14-Nov-2007

The Dow Chemical Company announced its intent to stop producing and marketing hydroxyalkyl acrylates (HAA) by the end of 2007. The HAA product line includes hydroxyethyl acrylate (HEA) and hydroxypropyl acrylate (HPA). These products are sold largely to major coatings formulators for use in automotive topcoat applications.

"Dow's competitiveness in the HAA market has deteriorated significantly as a result of high raw material costs, industry overcapacity and declining demand with a shift to low acid HAA products," explained Chris Kok, global HAA product manager. "Moreover, after carefully reviewing our options, we believe that we can generate more value by directing our resources and capital towards other promising growth initiatives that better fit with Dow's emphasis on more innovative products and market-facing businesses. Our priority now is to ensure a seamless transition for our loyal customers and take whatever reasonable steps we can to minimize disruption for them."

According to the company, Dow will work closely with customers to manage last-time orders, which must be in by December 12, 2007, with delivery no later than November 12, 2008.

Other news from the department business & finance

These products might interest you

Dursan

Dursan by SilcoTek

Innovative coating revolutionizes LC analysis

Stainless steel components with the performance of PEEK - inert, robust and cost-effective

HPLC accessories
OCA 200

OCA 200 by DataPhysics

Using contact angle meter to comprehensively characterise wetting behaviour, solids, and liquids

With its intuitive software and as a modular system, the OCA 200 answers to all customers’ needs

contact angle measuring instruments
Tailor-made products for specific applications

Tailor-made products for specific applications by IPC Process Center

Granulates and pellets - we develop and manufacture the perfect solution for you

Agglomeration of powders, pelletising of powders and fluids, coating with melts and polymers

toll manufacturing
Loading...

Most read news

More news from our other portals

All FT-IR spectrometer manufacturers at a glance