CHEMICALS AND MATERIALS MARKET ANALYSIS

Market News

Key Developments

1. Key players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in September 2017, The Dow Chemical Company merged with du Pont de Nemours & Company. The newly formed company was named as DowDuPont with three business sectors namely material and science, agriculture, and specialty products.
2. Key companies in the market are focused on different business strategies such as partnership and agreement, in order to enhance their global market presence. For instance, in October 2018, BASF and SINOPEC signed a Memorandum of Understanding (MoU) in Beijing, China, which will strengthen their partnership in downstream and upstream chemical production in China.
3. Key players in the market are involved in various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in September 2018, Clariant AG, a Swiss material supplier, and Saibi, a Saudi petrochemical company, merged parts of their businesses to form a new supplier high performance materials.
4. Key players in the market are involved in various business strategies such as merger and acquisition, in order to strengthen their market position. For instance, in September 2019, INEOS, a U.K.-based chemicals company, acquired entire composites business from Ashland Global Holdings, Inc. Ashland’s composite business will be named as INEOS Composites.