What are "Advanced Materials" in BASF's portfolio?

"Advanced Materials" in BASF's portfolio refers to high-performance materials that are designed for cutting-edge applications across various industries, such as energy storage and electronics. These materials often have enhanced properties such as increased durability, improved thermal and electrical conductivity, and better chemical resistance. They are essential for developing innovative technologies, including batteries for electric vehicles, lightweight components in aerospace, and sophisticated electronic devices.

This focus on high-performance applications distinguishes Advanced Materials from basic building materials, traditional consumer products, or materials solely used for aesthetics, which generally do not embody the same level of technological advancement or performance specifications. Advanced Materials play a crucial role in addressing modern challenges and facilitating advancements in fields like renewable energy, mobility, and digitalization, which is why this choice best aligns with BASF's strategic initiatives and offerings.