CREOSOTE OIL MARKET ANALYSIS
Creosote Oil Market Key Developments
Major players functioning in the market are undertaking various strategic initiatives such as production capacity expansion and mergers & acquisitions in order to maintain their competitive position in the market.
For instance, in November 2019, Mitsubishi Chemical Corporation announced the acquisition of thermoplastic polyurethane elastomer (TPU) business of AdvanSource Biomaterials Corporation, a U.S. based company.
In December 2019, ArcelorMittal announced the acquisition of Essar Steel India Limited and established a joint venture with Nippon Steel Corporation to form new company ArcelorMittal Nippon Steel India Limited. The acquisition aimed towards expanding the product portfolio of the company to meet the requirement of the company clients.
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