Report ID: SQMIG15E2129
Report ID:
SQMIG15E2129 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|
Tables:
65 |
Figures:
75
The market is particularly competitive as a result of the existence of both local companies and foreign corporations engaged in ongoing R&D. Because of their extensive product lines that cover all applications and their widespread brand recognition, companies like Ashland, Sasol, BASF SE, and Dow dominate the industry. These companies dominate the worldwide market because of their extensive presence along the whole value chain.
The major businesses are also focusing on building distributor partnerships, increasing capacit,y, and adopting various functional techniques to obtain an edge in the cutthroat market environment. To increase its market presence in the South African region, for instance, Clariant is focusing on acquiring reputable distributors. The market's entrants are focusing on enhancing the positioning of their products in order to increase their market share both globally and locally.
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Report ID: SQMIG15E2129