Business Line
Crosslinkers
Evonik
Resource Efficiency Segment
November 2015
Page 2
Evonik Group
22 Business Lines grouped in 3 segments
2015 financials; Business Lines ranked by turnover
Nutrition &
Care
Resource
Efficiency
Performance
Materials
Sales
€4,924 m
Adj. EBITDA / Margin
€1,435 m / 29.1%
Sales
€4,279 m
Adj. EBITDA / Margin
€896 m / 20.9%
Sales
€3,435 m
Adj. EBITDA / Margin
€309 m / 9.0%
Animal Nutrition
Baby Care
Health Care
Personal Care
Household Care
Comfort & Insulation
Interface & Performance
Silica
Crosslinkers
Oil Additives
Coating & Adhesive Resins
High Performance Polymers
Active Oxygens
Silanes
Coating Additives
Catalysts
Performance Intermediates
Acrylic Polymers
Acrylic Monomers
Functional Solutions
Agrochemicals & Polymer Additives
CyPlus Technologies
November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Top
#1only supplier in the world to
produce and market the
entire isophorone product
chain
*3value of the innovation
pipeline more than tripled
in the last 2-3 years
>GDPannual sales growth
>50years of experience in
isophorone chemistry 5production sites worldwide
Business at a glance
Leading supplier and pioneer in isophorone
chemistry
~700employees worldwide
Page 3November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Product Line
VESTASOL®
Product Line
VESTANAT ® & Derivatives
Solvents & Raw Materials Diamines Diisocyanates Polyisocyanates
Powder Coatings
Composites Chemical Synthesis
Industrial CoatingsAutomotive Exterior
Automotive Interior
PUR Dispersions
Specialty Solvents
World market for…
Evonik is the only company in the world to produce and market the entire
isophorone product chain.
Product Line
VESTAMIN ®
Backbone and core competences of Crosslinkers
Acetone
Page 4November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Global presence in Isophorone Chemistry
established with commissioning of Marco Polo
plant (China) in 2014
Evonik is the only fully integrated manufacturer in the triade with a long
heritage in serving various industries and applications globally.
Mobile
ShanghaiAntwerp
Herne
Marl
Shanghai
Page 5November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Crosslinkers builds on major players in attractive
markets and global market coverage
1%
2%
Middle East & Africa
2%Asia Pacific
Eastern Europe
25%
50%
South America
20%
AmericasWestern Europe
2009 sales volume by region [%]
2014 sales volume by market [%]
8%
Construction
General Industry
Coatings, Paints & Printing
12%
19%11%
Automotive, Transportation & Machinery
Others
Environment & Utilities
Home, Lifestyle & Personal Care
22%
15%
13%
Western Europe
30%
48%
Eastern Europe1%
South America
Asia Pacific
Americas
1%
2%
Middle East & Africa
18%
2015 sales volume forecast by region [%]
CAGR: 5,5%
Page 6November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Well known brands for high performance
crosslinking
IPD
TMD
PACM
Key ingredients for epoxy
hardeners
Product Groups ProductsBrands
IPDI, TMDI, H12MDI, T 1890, B
1358, B 1370, HDI Biured, HDI
Trimer
Key ingredients for light
stable PUR
coatings & elastomers
B 1065, B 1400, B 1530
BF 1540, BF 1320, BF 1321,
EP HA 368
Powder coatings,
crosslinkers for
exterior durable systems
Solvents & building blocks
for chemical synthesis IP, TMC-one, DHN, THN
Page 7November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
VESTASOL®
Solvents & specialty intermediates for a wide variety
of applications
VESTASOL® for DisinfectantsVESTASOL® for Sun Protection
VESTASOL® for Crop
Protection
Main Applications
As solvent:
• Excellent dissolving power
• High boiling point
• Improves levelling
• Increases gloss
• Universal solvency
As specialty intermediate:
• Usage in different chemical synthesis
routes (e.g. polycarbonates)
• Consolidated alternative to current
synthetic routes (e.g. Vitamin E)
• Reliable raw material
VESTASOL® for Vitamin E
VESTASOL® for Polycarbonates
VESTASOL® for Printing Inks
Characteristics
Not exhaustive
Page 8November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
• Performance and process optimization
in several composite applications
• Improved curing agent and matrix
technologies
• Wide range of formulation
developments for further enhanced
curing performance in diverse
applications
VESTAMIN®
Enabling performance
Main Applications
VESTASOL® for Polycarbonates
VESTASOL® for Printing Inks
New development
Not exhaustive
VESTAMIN® in windmills
VESTAMIN® for automotive
composite
VESTAMIN® for pipes
VESTAMIN® for flooring
VESTAMIN® in marine and
protective coatings
Page 9November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Main Applications New development
• Aliphatic diisocyanate for non-
yellowing PUR elastomers and resins
for coatings and adhesives
• Bifunctional building blocks, molecules
unifying isocyanate and another
reactive functionality (e.g. silane,
unsaturation)
VESTANAT® Aliphatic Diisocyanates
Addressing the needs of the PUR resins industry
VESTASOL® for Polycarbonates
Not exhaustive
VESTANAT ® for TPU VESTANAT ® for leather
VESTANAT ® for surface effects
VESTANAT® for wood
Page 10November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Main Applications New development
VESTANAT® for industrial coatings
VESTANAT® for automotive OEMVESTANAT® for 2K PUR coatings
• VESTANAT® EP-M family
(polyfunctional silanes) for scratch
resistant OEM coatings and NISO
systems (ambient temp. cure)
• VESTANAT® B 1186 for FDA
compliant interior can coatings
• VESTANAT® EP-HP (hydrophilically
modified polyisocyanates) for
waterborne 2K systems
• VESTANAT® EP-DS 1205 TF (tin free
blocked crosslinker) for waterborne
coatings
• Carbodiimides for crosslinking and
stabilization of polyesters
Not exhaustive
VESTANAT® Derivatives
Solutions for high performance liquid coatings
Page 11November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.Crosslinkers growth objectives
• Maintain position through timely expansions
• Portfolio management based on core competences
• Focus on eco friendly products
• Further enhance regional presence in the triad
• Focus on partnerships with top performers
Page 12November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.Focus on sustainable growth
Established business Portfolio development
• Production unit in the triade
• Customers proximity
• Joint development projects
with Key Customers
• Key Account Management
system with tailored
packages
• Composite Rebars
• Low temperature curing
hardeners
• General trainings for skill
sets in marketing & sales,
development of young
professionals
New products / applications
Other innovations (process etc.)
2008 2015
• Strong increase of new ideas in the development pipeline
for new products and applications
• What we are proud of
ADAMANT
High performance scratch resistant clear coat
From first idea to test-coated luxury cars in just 3 years!
PU-PrePreg
Pre-impregnated composite fibers
Intensifying contacts to OEMs and Tier1
Page 13November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Customers benefiting from CL as leader in
isophorone chemistry with global presence
Over 50 years of experience
Average growth 4 – 6% over more than 20 years
Only manufacturer of products of the entire isophorone chain
Production facilities in Europe, Nafta & Asia
Demanding high technology processes
High performance materials for diverse markets & industries
Applied technology centers in Germany, USA & China
Technical and market experts focused on developing innovative
solutions
Focus on developing next generation product solutions with customer
Focus on growth in modern applications, e.g. composites
VESTADeveloped in Germany. Available globally.
Page 14November 2015
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Diese Markierung nach erfolgreicher Anwendung dieser Master löschen.
Isophorone Chemistry
hydrogen
hydrogen,
isophorone diisocyanate
isophorone
trimethylhexamethylene
diisocyanate
trimethylcyclohexanol
trimethyladipic acid
trimethyladipic dinitril
trimethylhexamethylene
diamine
hydrocyanic acid
powder coating
curing agents
isophorone nitril
isophorone diamine
polyisocyanate T1890
acetone
hydrogen
nitric acid
ammonia
natural gas
HCN
blocked polyisocyanates
TMC-ol
TMAS
TMN
TMDA
IP
IPN
IPDA
IPDI
IP
ammonia
ammonia, air,
T1890
H2
HNO3
NH3
H2
Reaction scheme Isophorone chemistry
TMDI
November 2015