Chlorinated Paraffins Market: Lower Costs, Numerous Properties of Chlorinated Paraffins Goad Expansion, TMR
The presence of a large number of companies has rendered the vendor landscape of the global chlorinated paraffins market highly fragmented. In the next few years, competition among the large companies is expected to intensify further, says Transparency Market Research (TMR). Numerous companies have been adopting business strategies such as partnerships, collaborations, mergers, product innovations, and acquisitions to strengthen their market position. For instance, in November 2016, Gulf Chlorine, a joint venture between Al Mirqab Capital and Oman Chlorine signed an agreement with KLG Organic Qatar to set up a calcium chloride plant in Doha, Qatar. KLG Organic Qatar, a joint venture between India-based KLG Organic Limited and Qatar Industrial Manufacturing Company, intends to manufacture chlorinated paraffin wax via this collaboration. Some of the prominent market players operating in the global market for chlorinated paraffins are Dover Chemicals, JSC Kaustik, A...