MARKET RESEARCH

Despite the presence of several manufacturers of a variety of architectural coatings across the globe, international giants such as The Sherwin-Williams Company, PPG Industries Inc., and Akzo Nobel command dominance owing to their vast portfolios and well-established marketing networks across the globe, observes Transparency Market Research in a recent report. Apart from a clear focus on research and development activities with the view of advancing in highly promising market segments such as water-based products and the residential construction segment in emerging economies, these companies are also cashing in consolidation opportunities to strengthen their positions. In the next few years, while the number of new companies is expected to rise in the market, which are most likely to focus on developments in the field of water-based products, the intensity of competition is expected to soar. Nevertheless, emerging economies will provide promising growth opportunities as the risin...

A growing number of players in the  global bio-based succinic acid market  are taking active interest in bio-based methods of producing succinic acid as is evident in its rapidly rising production volumes, notes Transparency Market Research (TMR). Several players are focused on finding novel approaches for large-scale industrial production to capitalize on emerging opportunities. They are increasingly adopting better technologies that have low ecological footprint for the cost-effective production of bio-based succinic acid. A number of companies in the market are experimenting with a variety of inorganic and organic expansion strategies, in order to get a firm foothold in the market, TMR observes. In addition, top players constantly seek to expand their product portfolio and are setting up research and development centers at strategically important regions, in a move to consolidate their positions in the market. Some of the leading players operating in the global bio-ba...