• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Energy-Curable Ink Market Continues to Grow

    The 2023 Resin Report

    Arriving Soon: The EU's New Dawn for Industry

    The Inkjet Ink Market in 2023

    The Pigment Market Continues to Grow in 2023
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Ricoh Wins 2023 ENERGY STAR Partner of the Year Sustained Excellence Award from EPA

    Avery Dennison Implements Carbon Trust Footprinting Tool

    ACTEGA to Showcase Products and Solutions at Interpack 2023

    hubergroup Print Solutions Takes Stock of Digital Print Folders

    INX International Makes Investment in Gooten
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Sun Chemical Announces Plans for INFOFLEX 2023

    Roland DGA to Showcase Latest Technologies at ISA 2023

    DIC India Inaugurates New Manufacturing Facility in Gujarat

    Markem-Imaje Introduces New Hybrid Continuous Inkjet Printer

    HP Debuts the HP Indigo 200K Digital Press
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Orion Debottlenecks German Facility for High-Jetness Carbon Blacks

    Evonik Invests in UK-Based Interface Polymers

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    RadTech Europe Opens Call for Papers for RTE 2023

    The 2023 Resin Report
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    ALTANA Achieves Sales of €3 Billion for First Time in 2022

    RadTech Europe Opens Call for Papers for RTE 2023

    GMG and Sun Chemical Partnering on Digital Color Workflow

    Ross’ Multi-Shaft Mixer Designed for Medium Viscosity and Shear

    Excelitas Technologies Acquires Phoseon Technology
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    ChromaScape LLC

    Evonik Corporation

    ALVAR Inc. /ALVAR Resins, Inc

    Micro Powders, Inc.

    Hydrite
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Eastern Coatings Show 2023
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Evonik Drives Growth through Innovations

    In 2021, Evonik’s innovation growth fields generated more than €500 million in additional sales compared with 2015.

    Evonik Drives Growth through Innovations
    09.16.22
    Innovations play a key role in aligning Evonik consistently with sustainability. They are also important to leverage sustained growth. In 2021, Evonik’s innovation growth fields generated more than €500 million in additional sales compared with 2015, for example, with sustainable solutions for health, cosmetics, and membranes.

    That was an increase of a good 40 percent compared with the previous year. Technologies enabling the transportation of medical active ingredients in the body, for example, lipid nanoparticles for mRNA-based vaccines, were particularly successful.

    “Our innovative capability is a key factor in leveraging profitable and resource-efficient growth,” Harald Schwager, deputy chairman of Evonik’s executive board, who is responsible for innovation, said. “The good development of our innovation growth fields is clear evidence of this. Our research pays off: Innovations give us access to additional new business.”

    In the ten-year period to 2025, Evonik aims to generate additional sales of over €1 billion with its innovation growth fields.

    “I am firmly convinced that we will achieve this goal,” said Schwager.

    Schwager wants the success story of the innovation growth fields to continue beyond 2025.

    “Climate change, population growth, and geopolitical uncertainty are confronting humankind with new and in some cases, unprecedented challenges,” he said. Evonik has therefore refocused Creavis as a strategic innovation unit and business incubator. It develops innovations for key issues of the future—for a hydrogen economy and circularity, efficient and environment-friendly agriculture, and knowledge and data-based business models. “The new growth areas at Creavis could develop into innovation growth fields with comparable sales potential,” added Schwager.

    Evonik research and development expenses amounted to €464 million in in 2021. The majority is spent on research in the chemical production divisions, with a smaller amount being channeled to Creavis. Relative to sales, the R&D ratio was more than 3 percent in 2021. Worldwide, the Evonik Group has approximately 2,600 R&D employees.

    Evonik's new chief innovation officer, Ralph Marquardt, aims to strengthen the company's innovative strength further in the future. Marquardt, who has a doctorate in chemistry and joined Evonik in 2006, has acquired the necessary experience, for example, through leadership roles in various business areas. Sustainability is his central focus. He is convinced that as a specialty chemicals company Evonik can make a big contribution to a livable future.

    “Our innovations are essential if we, as a society, want to curb climate change, avoid the use of fossil raw materials, and feed the growing world population,” Marquardt said.

    In May, Evonik announced that it will be investing more than €3 billion in Next Generation Solutions, in other words, products with superior sustainability benefits, in the period up to 2030. The goal is for them to account for more than 50 percent of sales. In the same period, a further €700 million will be invested in Next Generation Technologies, i.e., the ongoing development of production processes and infrastructure to avoid CO2 emissions.
    Related Searches
    • Additives
    Related Knowledge Center
    • Additives
      Loading, Please Wait..
      Trending
      • NAPIM Honors 2023 Ault, Pioneer Award Recipients
      • MNYPIA Names John Hrdlick 2023 Anthony Mauriello Award Honoree
      • INX International Makes Investment In Gooten
      • Toyo Ink Shareholders Approve Trade Name Change To Artience
      • Sun Chemical Announces Plans For INFOFLEX 2023
      Breaking News
      • Ricoh Wins 2023 ENERGY STAR Partner of the Year Sustained Excellence Award from EPA
      • Avery Dennison Implements Carbon Trust Footprinting Tool
      • ACTEGA to Showcase Products and Solutions at Interpack 2023
      • hubergroup Print Solutions Takes Stock of Digital Print Folders
      • INX International Makes Investment in Gooten
      View Breaking News >
      CURRENT ISSUE

      January 2023

      • The Pigment Market Continues to Grow in 2023
      • The Inkjet Ink Market in 2023
      • Sustainability and Raw Materials
      • TSCA and the Ink Industry
      • The 2023 Equipment Report
      • Mike Oberski Receives NAPIM’s TAM Service Award
      • Developments and Clarifications in EU Food Contact Regulations
      • Specialty Inks are Nocopi Technologies’ Forte
      • View More >

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      ABC Sustainable Herbs Program Releases Video on Regenerative Herb Farming in Costa Rica
      Activ’Inside Receives U.S. Patent for Saffron Extract
      Jiaherb Receives CITES Certification for Rhodiola Rosea
      Coatings World

      Latest Breaking News From Coatings World

      BASF’s Monomers Division Receive ISCC+ Certification in Its Two Asian Production Sites
      Omya to Represent Songwon’s Coatings Portfolio in 4 South-Asian Countries
      Brenntag Commences Operations at Its New Site in Zhangjiagang, China
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      SoCalBio Mourns the Loss of CEO Ahmed Enany
      Tissium's COAPTIUM Connect Achieves Successful Nerve Repair in Australia
      ABB Robots Automate COVID-19 Neutralizing Antibody Test
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Duke-Margolis Launches Drug Supply Chain Resilience, Advanced Manufacturing Consortium
      Galapagos, NovAliX Enter Integrated Drug Discovery Collaboration
      XOMA Acquires IXINITY Asset from Aptevo Therapeutics
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Venus Launches Dermaplaning Skincare Regimen
      Olberding Brand Family Updates Leadership Team and Expands Capabilities
      Rimmel London Chooses Maya Jama as the New Face of the Brand
      Happi

      Latest Breaking News From Happi

      Erin Keating is Newest C-Suite Hire at Maesa
      Coty Appoints Caroline Andreotti as Chief Commercial Officer, Prestige
      Gillette Venus Launches First Ever Dermaplaning Skincare Collection
      Ink World

      Latest Breaking News From Ink World

      Ricoh Wins 2023 ENERGY STAR Partner of the Year Sustained Excellence Award from EPA
      Avery Dennison Implements Carbon Trust Footprinting Tool
      ACTEGA to Showcase Products and Solutions at Interpack 2023
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      PCMC names Windell McGill product launch manager
      Nominations sought for The Paper and Packaging Board's 2024 board seats
      CUPSZ chooses Mark Andy Evolution Series E5
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Windell McGill Joins PCMC
      Binder Unveils New Look, Website
      Michelman Achieves EcoVadis Rting
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      European Innovation Council Awards Grant for Brain-Computer Interface Tech
      Report: No Complications With OssDsign Catalyst Graft
      FDA OKs Bioretec's RemeOs Bioresorbable Metal Trauma Screw
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      India Awards Production Linked Incentives to First Solar’s India Facility
      onsemi Named to Barron’s 2023 List of 100 Most Sustainable Companies in the U.S.
      Michelman Earns 2023 EcoVadis Gold Sustainability Rating

      Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login