Page 46 - Plastics News April 2023

BUSINESS NEWS

New INEOS Styrolution resin approved for use in Recycled Materials for
Asia Mobility Market Valued

INEOS Styrolution has announced that its K-Resin KR21 has been successfully at $3.9 billion by 2027
commercialised by major household appliance manufacturers in Asia for
refrigerator inliners.

A report on the use of recycled
materials in mobility applications
by MarketsandMarkets forecasts
the market size to grow from $2.5
billion in 2022 to $3.9 billion by
2027, at an average annual growth
rate of 8.6%. Recycled materials for
mobility applications are witnessing
significant growth because of
growing demand for sustainable
-Resin KR21 is a new grade that K-Resin KR21 for refrigerator inliners, materials for the development of
Kwas recently added to the K-Res- as well as K-Resin KR01 used for refrig- automotive parts and components,
in SBC product line. It was designed erator LED lamp housing[2], shows according to the report.
to offer toughness and low-density our ongoing partnership with major The majority of recycled plastic
at low temperatures. The company household appliance manufacturers to found in vehicles are sourced
claims K-Resin KR21 is an excellent expand our K-Resin footprint in new from plastic bottles and caps.
polymer modifier extending the per- transparent applications,We foresee a Recycled materials are increasingly
formance and processability for both high potential of new applications for conforming to the standards of the
extrusion and injection moulding ap- the development pipeline with the ex- automotive industry.
plications. The company adds that it is cellent balance of properties and ver- Recycled polymers are used in
an ideal polymer modifier for refriger- satility offered by K-Resin KR21 across numerous applications including
ator liner applications due to its ability a wide range of applications in other automotive fabrics, splash guards,
to improve the ESCR performance in industries, including healthcare.” radiator shrouds, and dashboards.
HIPS (“high impact polystyrene”). Its K-Resin is INEOS Styrolution’s crystal- Chrysler, Ford, Honda, General
low-density property also facilitates a clear thermoplastic styrene-butadiene Motors, Nissan, and Toyota are
higher production yield, hence making copolymer (SBC) and is known for its some of the major automakers
it a more cost-effective solution over unique blend of sparkling clarity, im- that use recycled polymers in
other competing polymers. pact toughness, stiffness, and gloss. their vehicles. Recent advances in
K-Resin KR21 is compliant with the The company claims its K-Resin range recycled materials and recycling
USA Food and Drug Administration is an excellent material choice for ap- technology have resulted in a rapid
(FDA), European Union (EU) and Chi- plications requiring food contact regu- increase in the use of recycled
nese National GB regulations for food lation compliance. It has been used in plastics.
contact. a wide variety of applications ranging Recycled materials are used by
Marcela Villegas, Asia Pacific Vice from household appliances, packag- OEMs as well as in aftermarket
President, Business Management said: ing, toys, medical components and applications. The OEM segment
“This successful commercialisation of displays for over 40 years. is the major user of recycled
materials, according to the report.

46 PLASTICS NEWS April 2023