ORGANIC CHEMICALS MARKET ANALYSIS

Market News

Key Developments

1. Key players in the market are adopting various business strategies such as business expansion, in order to expand their product portfolio and gain competitive edge in the market. For instance, in January 2018, AkzoNobel, a manufacturer of performance coatings, expanded its production capacity and upgraded its organic peroxides facility in Los Reyes, Mexico.
2. Major companies in the market are involved in various business strategies such as merger and acquisition, in order to enhance their market presence. For instance, in August 2019, Indorama Ventures, a Thailand-based petrochemical company, acquired Huntsman Corporation’s chemical intermediates business for US$ 2.1 billion.