Recent developments
Sustainable and circular
Specialty suppliers advanced lower-impact solutions, with LANXESS launching ISCC PLUS mass-balance Additin RC 2515 and Croda expanding odor control via biodegradable NeutraFresh BD. Circularity progressed through Axens’ plan to acquire Eurecat and Topsoe’s SOEC deployment in the Triskelion e-methanol project, while Stahl extended its Living Wage certification.
Electronics and biopharma
Semiconductor-grade inputs in Europe tightened locally with BASF building an Electronic Grade Ammonium Hydroxide plant in Ludwigshafen, while Air Liquide agreed to acquire NovaAir to widen specialty and bulk gases coverage in India. Life-science delivery and processing advanced via Evonik’s EUDRACAP® colon and Brenntag’s exclusive distribution of salt-active nucleases.
Portfolio and access
Technology and catalyst positions shifted as Technip Energies integrated Ecovyst's Advanced Materials & Catalysts and pursued modular LNG awards, while market access grew through Brenntag’s distribution agreement with Givaudan in Thailand.
Earnings and restructuring
Clariant's Q3 2025 and Covestro's Q3 2025 results reflected soft demand, with emphasis on cost discipline and selective investments. PPG Q3 2025 financial results showed strength in aerospace and protective coatings. BASF maintained guidance, initiated a share buyback program, and announced changes to the Board of Executive Directors. UPM Adhesive Materials planned regional shifts, including a Nancy closure and investments in the U.S., Malaysia, and Vietnam.