MICROSPHERES MATERIALS MARKET ANALYSIS

Market News

Key Developments

1. Key players in the market are involved in various business strategies such as capacity expansion, in order to expand their product portfolio. For instance, in July 2017, AkzoNobel, a specialty chemicals provider, expanded its production capacity of Expancel expendable micropsheres at Sundsvall, Sweden. These products are used in food packaging, shoe soles, etc.
2. Key companies in the market are focused on various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in October 2018, Carlyle Group, a U.S.-based private equity company and GIC acquired AkzoNobel, the sociality chemicals provider. Thereafter, it was launched as Nouryon, making it global specialty chemicals provider.
3. Key players in the market are involved various business strategies such as partnership and agreement, in order to strengthen their market position. For instance, in June 2019, BASF SE, a German-based chemicals provider, collaborated with Sibur, a petrochemical company, develop innovative polymer solutions.