MarketsandMarkets has recognized Milliken as a market leader in the "Plastic Additives 360 quadrant". Milliken has a strong focus on research and innovation in plastic additives. They make large investments in the creation of innovative additives that improve the functionality and sustainability of plastic materials. Milliken has offices and manufacturing sites spread over the globe. With such a vast consumer base, they can cater to the needs of different regional markets. The business is working on novel chemicals that could improve plastics' ability to be recycled.
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Milliken is exploring ways to repurpose leftover plastic to make new goods. The company is working on chemicals that will help make plastics stronger and more resistant to damage.
The Plastic Additives Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Plastic Additives. 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 70 Plastic Additives companies of which the top 20 plastic additives 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 plastic additives quadrant.
According to the 360 quadrants for Plastic Additives Companies by MarketsandMarkets, Milliken was recognized as a market leader in the "Top 20 Plastic Additives Companies, Worldwide 2023". Milliken, a materials science-based company, was founded in 1865. With its headquarters in South Carolina, the US, the company has 44 manufacturing facilities, 18 offices/laDs, and 6 distribution centers across North America, the Asia Pacific, and Europe. The Chemical business unit of the company is responsible for developing additives, clarifiers, coating additives, colorants, concentrates, microencapsulation, silicones, surfactants, and intermediates. These solutions are used across various sectors for applications, such as seed treatments, fertilizers, high-performance automotive parts, pipes, insulation, roofing materials, wood coatings, household cleaners, bottles, semiconductors, LCD displays, syringes, pharmaceuticals, food, and personal care packaging among other applications.
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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