The global propanol market has a relatively fragmented competitive landscape as a vast number of small and large propanol vendors thrive across the globe. This has rendered the market highly competitive, states Transparency Market Research (TMR) in a recent report. Owing to the high intensity of competition, companies in the market are focusing on growth strategies such as increased funds diverted towards research and development of bio-based product varieties, mergers and acquisitions, and collaborations. Companies are also focusing on capacity expansion as a way to ramp up their potential of grabbing a larger consumer base across high growth potential regions. Oxea, one of the market’s leading vendors, has begun construction of a new propanol manufacturing unit in the U.S. The unit, located in Bay City, is expected to produce 100,000 mt of propanol on an annual basis and is projected to begin operations in 2018. Browse Market Research Report @ http://www.transparencyma...
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