Bassett: Collaboration can make PU's share of the global plastics pie bigger

Jane Denny
URETHANES TECHNOLOGY INTERNATIONAL

Published: June 5, 2014 10:33 am ET
Updated: June 5, 2014 10:39 am ET

Image By: Dow Chemical Co. Mark Bassett, vice president polyurethanes for Dow Chemical Co.

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Dow Chemical Co.

CHARLOTTE, N.C. — Dow Chemical Co.’s global vice president polyurethanes Mark Bassett urged delegates and visitors to Urethanes Technology International’s UTECH’s North American exhibition and conference to collaborate more.

Bassett opened the exhibition and conference with his presentation “A world of change, a world of opportunity” by paying homage to the industry’s forefather Otto Bayer and his random chemical mixing that gave birth the industry.

“He may not have been sure what this serendipity would bring to the world,” said Bassett.

Bassett charted polyurethane from its early use as a protective coatings ingredient, through the discovery of its flexible foaming capabilities in the 1950s to its position as the new millennium’s most efficient insulation material — a substance which can also be used to replace damaged human tissue, he said.

“Polyurethane has helped the world adapt to change and that is why it has replaced so many other materials.”

In the last 20 years, global consumption has nearly doubled with the emergence of new and innovative applications, he said, with polyurethane helping to create a more sustainable world.

Bassett said there was now a need to “connect the original chemistry with the next hierarchy of human needs. Polyurethane is,” he said, “a super-useful molecular material.”

Outlining the industry’s need for structural soundness, he added: “The chain is now so fragmented, no one really sees the big pie anymore. We see only smaller pieces.”

He said industry players needed to work on “making the pie bigger” but with focus on “innovation and collaboration.”

He said: “The chemistry is not a limiting factor. We know it can do practically anything. The limiting factor is us.

“We can only make the pie bigger by working together in the right ways on the right things.”

He closed by posing a key question to his audience. He asked: “Where can we replace conventional materials with more advanced materials? Where is the next opportunity?”

Bassett added: “Back in 1937, Otto Bayer stumbled on something that brought us all here today. How can we continue to put this amazing material to work to benefit society?”


Comments

Bassett: Collaboration can make PU's share of the global plastics pie bigger

Jane Denny
URETHANES TECHNOLOGY INTERNATIONAL

Published: June 5, 2014 10:33 am ET
Updated: June 5, 2014 10:39 am ET

Post Your Comments


Back to story


More stories

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean...    More

Image

Chinese compounders seek market shares, often at the expense of margins

August 29, 2014 10:02 am ET

China's largest compounder, Kingfa Sci. & Tech. Co. Ltd., as well as its more automotive-focused counterparts Shanghai Pret Composites Co. Ltd. and...    More

Image

PP prices rise 5 cents

August 28, 2014 3:59 pm ET

After a one-month break, volatility has returned to the North American polypropylene resin market, with prices increasing by an average of 5 cents...    More

Image

DuPont fined for 2010 chemicals release

August 28, 2014 1:37 pm ET

DuPont Co. has been fined almost $1.3 million for the release of several chemicals — including plastics feedstock phosgene — at its plant ...    More

Image

LyondellBasell to build feedstock plant on Gulf Coast

August 28, 2014 11:05 am ET

LyondellBasell Industries will build a world scale propylene oxide plant on the U.S. Gulf Coast with a capacity of 900,000 metric tons per year.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events