Major companies in the market are involved in various business strategies such as business expansion, in order to enhance their global market presence. For sintance in August 2019, Pidilite Industries, an adhesives manufacturer, commissioned the state-of-the-art manufacturing plant of Pidilite Specialty Chemicals Bangladesh (PSCBL) at Bhaluka, Bangladesh.
Key players in the market are focused on various business strategies such merger and acquisition, in order to gain competitive edge in the market. For instance, in September 2018, RPM International Inc., a manufacturer of specialty chemicals, acquired Nudura Corporation, manufacturer of insulated concrete forms (ICF).