Companies existing in the high performance alloys market are adopting various strategic initiatives to stay competitive and drive market growth. These include investing in research and development to create innovative materials with enhanced strength, corrosion resistance, and durability for several industries. The rising number of global oil and gas projects is a driving factor for the key players. Additionally, many are expanding global footprints through mergers, and acquisitions to strengthen supply chains. For instance, in January 2022, Adani Total Gas Ltd (ATGL), a joint venture between the Adani Group and TotalEnergies, obtained licenses for the expansion of its City Gas Distribution (CGD) network to 14 new Geographical Areas (GAs).
Author Credits: Rajrani Baghel
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