Emerging Markets
Automotive - For many years, the automotive industry has used composites to reduce vehicle weight and improve gas efficiency. Even so, this $3.4B market has been limited to non-structural composite components such as dashboards and bumpers. The next step for industry is to employ composites in structural materials such as vehicle chasses. To do so, however, significant technological and cost hurdles must be overcome. We believe that these challenges can successfully be addressed with Materia’s poly-DCPD resin.
Oil and Gas – While alternative energy sources continue to gain importance and account for a slowly increasing percentage of our energy consumption, petroleum and natural gas will remain our primary energy sources for many years. With easily accessible oil and gas deposits a thing of the past, however, economical extraction and production are now dependent on advanced technologies that can perform in challenging environments. Both Materia’s poly-DCPD technology and metathesis catalyst-derived chemicals are finding commercial traction in this space.