Materials
The Materials segment comprises the Performance Materials and the Monomers divisions. The segment’s portfolio consists of advanced materials and their precursors for new applications and systems such as isocyanates, polyamides and inorganic basic products as well as specialties for the plastics and plastics processing industries. We aim to grow mainly organically, differentiate ourselves from our competitors through specific technology expertise, industry knowledge and customer proximity, and create maximum value in the isocyanate and polyamide value chains.
Divisions
Haptex®
Haptex® is a more environmentally friendly, water-soluble polyurethane solution used in the production of synthetic leather. Among other things, Haptex®’s solvent-free production process cuts greenhouse gas emissions by around 50%. It also reduces energy consumption by more than 20% per kilo of chemicals in synthetic leather production. Moreover, Haptex® offers a wide range of applications and meets the demand for products that are eco-conscious, durable and high quality. BASF expects to grow faster than the market for solvent-based products with Haptex®. The company aims to achieve annual growth of more than 50% with the product by 2025.
Discover Haptex® at basf.com/haptex
Factors influencing sales
EBIT before special items
| Million € | 2021 | 2020 | 2019 |
| Sales to third parties | 15,214 |
10,763 | 11,466 |
| Share of total BASF sales (%) | 19 |
18 | 20 |
of which Performance Materials |
7,292 |
5,635 | 6,064 |
Monomers |
7,922 |
5,101 | 5,402 |
| Income from operations before depreciation and amortization (EBITDA) before special items | 3,208 |
1,714 | 1,719 |
| Income from operations before depreciation and amortization (EBITDA) | 3,162 |
1,556 | 1,691 |
| EBITDA margin (%) | 20.8 |
14.5 | 14.7 |
| Income from operations (EBIT) before special items | 2,418 |
835 | 1,003 |
| EBIT before special items margin (%) | 15.9 |
7.8 | 8.7 |
| Income from operations (EBIT) | 2,345 |
–109 | 973 |
| EBIT margin (%) | 15.4 |
–1.0 | 8.5 |
| Return on capital employed (ROCE) (%) | 22.8 |
–1.1 | 10.7 |