Polyisobutylene Market: Automotive Sector Foretold to Remain Dominant Application Segment through Forecast Period, TMR
A high degree of consolidation is witnessed in the global polyisobutylene market , with a handful of players controlling the overall business dynamics. Three leading players, vis-à-vis, Nizhekamskneftekhim, Lanxess, and ExxonMobil Corp., held a cumulative share of 65.5% of the overall market in 2014. A strong global presence has enabled these companies to maintain dominance in the market. In order to seal their lead, these companies have adopted robust marketing strategies, foremost of them is patenting technologies. Going forwards, these enterprises are likely to focus aggressively on joint ventures, mergers and acquisitions, and strategic alliances to improve competitiveness, says Transparency Market Research (TMR), in a new study. View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1734 TMR also foretells, the global polyisobutylene market to reach US$5.3 bn by the end of 202...