BASF Report 2021 Management’s Report – Materials 76 Materials The Materials segment comprises the Performance Materials and Monomers divisions. The segment’s portfolio comprises 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 orga- nically, differentiate ourselves from our competitors through specific technology expertise, industry knowledge and customer proximity, and create maximum value in the iso- cyanate and polyamide value chains. For more information on the Materials segment’s business model, see page 33 onward ® Haptex ® Haptex is a more environmentally friendly, water-soluble polyurethane solution used in the pro- Sales duction of synthetic leather. Among other things, Haptex®’s solvent-free production process cuts €15,214 million greenhouse gas emissions by around 50%. It also reduces energy consumption by more than ® offers a wide range 20% per kilo of chemicals in synthetic leather production. Moreover, Haptex 2020: €10,736 million 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 . EBIT before special items The company aims to achieve annual growth of more than 50% with the product by 2025. €2,418 million ® Discover Haptex at basf.com/haptex 2020: €835 million