Key Developments
Major companies are undertaking strategic initiatives such as mergers & acquisitions and new product launch to maintain their dominance in the competitive business environment. For instance, in August 2017, Honeywell Resins and Chemicals announced to expand nylon polymer production capacity at its Chesterfield, Va. Production facility in order to meet the increasing demand for high-grade nylon polymers for packaging and other applications.
In December 2017, Royal DSM leading companies engaged in manufacturing nylon 46, announced a research collaboration with ECOR. The collaboration aims for developing healthier and recyclable alternatives for MDF, particleboard, and other panel materials.
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