Celanese Corporation has been included as an Innovator in the "Composite 360 quadrant” by MarketsandMarkets. The company's composites business is a major contributor to its growth, and it is focused on several key strategies to continue to grow in this market. Celanese Corporation offers a comprehensive range of polymers, additives, composites, and speciality materials to manufacturers as the major chemical supplier. One pivotal strategy for Celanese is its strong focus on innovation. With substantial investments in research and development, the company continually pioneers new composite materials and technologies. This commitment keeps Celanese at the forefront of the industry, enabling the development of novel applications for composites. As a result, Celanese are leading the way in delivering innovative products across various applications.
The Composites Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Composites. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 150 Composites companies of which the top 20 composites companies were categorized and recognized as the quadrant leaders. The 360 Quadrant effectively maps the companies based on factors such as revenue, geographic presence, growth strategies, investments, channels of demand, and sales strategies that were considered for the market presence of the composite’s quadrant.
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According to MarketsandMarkets 360 quadrants for Composites Companies Celanese Corporation was identified as an innovator in the “Top 20 Composites Companies, Worldwide 2023”. Celanese Corporation has one of the most diverse portfolios of high-performance polymers and thermoplastic elastomers for cutting-edge applications. High-performance engineering resins from Celanese provide excellent mechanical properties including stiffness and strength and better performance in characteristics like resistance to fatigue, creep, friction, and wear. Celanese manufactures acetal copolymers, liquid crystal polymers, long-fibre reinforced thermoplastics, engineered plastics, and ultrahigh molecular weight polyethylene.
360Quadrants Scoring Methodology
360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects, and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons and the aggregated scores categorize solutions into quadrants such as Market Leaders, Contenders, Innovators, and Emerging Companies. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives.
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360 Quadrants will also be launching 100 quadrants in Chemicals and Materials, Packaging, Energy & Power, and Healthcare.
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