Unigel Quimica S.A De. C.V is a Brazil-based leading manufacturer of styrene-related products. The company also researches and develops its own technologies to continually improve its production processes. The company accounts for the largest market share in this market, owing to factors such as increasing corporate agreements, continuous technological advancements, and new product developments.
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In 2014, Videolar SA acquired Innova Petrochemicals, a major player in both petrochemicals and polystyrene markets. This acquisition strengthened the company’s market position in the polystyrene market for the CD & DVD systems market. The company focuses on innovation and quality-based approach for driving constant developments in its business. It has a wide range of products and a large distribution & logistics segment.
In addition to this, in September 2014, SABIC signed a memorandum of understanding (MoU) with Hte in Heidelberg, Germany on September 5 to establish a satellite laboratory for high throughput experimentation to increase its R&D activities. The MoU is believed to have helped SABIC in providing new solutions to the market, which would improve the position of SABIC in the market further. Moreover, the MoU helped the company increase its efficiency and expand the product portfolio.
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The major participants operating in the polystyrene market are BASF SE (Germany), Total (Paris), Videolar SA (Sao Paulo), Unigel Quimica S.A De. C.V (Brazil), and SABIC (Riyadh).
