Leading companies in the boric acid market are employing various organic and inorganic strategies to earn high profits. The product diversification tactics are aiding the companies to attract specific end use industries such as pharmaceuticals, cosmetics, and electronics by offering high-value boric acid solutions. They are also employing merger and acquisition strategies to expand their product offering and strengthen their market position. Using these tactics, the industry giants often acquire smaller companies or start-ups with advanced portfolios.
Key players are targeting high-potential economics wherein agriculture, industrial, and urban activities are taking a boom. By establishing production facilities in such regions, they are able to capture the increasing demand opportunity and double their revenue shares. Strategic partnerships & collaborations are further helping boric acid market players to maximize their distribution networks.
Some of the key players include:
Author Credits: Rajrani Baghel
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