Global Petrochemicals Market: Asia Pacific to Emerge as Key Contributor to Revenue Through 2020, Says TMR
The global petrochemicals market is highly fragmented and the top three companies accounted for approximately 20% of the total petrochemical market in 2013. These companies are BASF, Sinopec, and ExxonMobil. While the primary focus of BASF is to expand its business in the Asia Pacific region, Sinopec has adopted the vertical integration strategy and explores new oil reserves for business expansion. Key players are acquiring small, regional companies to increase their market shares. Many players are shifting their manufacturing base...
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