Tert-butanol Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
151 Page Report
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Tert-butanol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
The top five companies competing in the global tert-butanol market, namely LyondellBasell Industries Holdings
B.V., Lotte Chemical Titan Corporation, Evonik Industries AG, TonenGeneral Sekiyu K.K., and Merck KGaA,
accounted for a share of 43.2% in 2015. This reflects the moderately consolidated nature of the market.
Analyzing the medium-level of competition among these and other players, Transparency Market Research
has zeroed in on extensive research and development as the key strategy adopted by most. R&D activities
focused on increasing the effectiveness of tert-butanol applications have surged in recent times.
“Mergers and acquisitions are also a go-to growth strategy for both established and smaller players,” the
author of the study observes. Over the past few years, prominent companies such as Merck KGaA and
TonenGeneral Sekiyu K.K. have been expanding their businesses in newer product lines and regions to gain
market share. In July 2015, TonenGeneral acquired Kyokuto Petroleum Industries, Ltd. to strengthen its
domestic presence and expand its product portfolio. Merck Life Sciences, in November 2015, acquired SigmaAldrich to emerge as one of the most leading players.
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