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Columbia Based Specialty Chemicals Manufacturer Completes Its Split In to Two Individual Companies

Columbia based specialty chemicals manufacturer completes its split into two individual companies

Columbia: W.R. Grace & Co., a Columbia-based specialty chemicals manufacturer, announced the completion of the separation of the company into two independent companies that would be publicly traded. The two companies would be named as W. R. Grace & Co. that would include Grace’s existing catalysts technologies and materials technologies business segments and GCP Applied Technologies Inc. that would include construction products business segment and the darex packaging business. Post separation of the company, one share of GCP Applied Technologies’ common stock (GCP) was distributed for each of the share of Grace common stock.

TechSci Research depicts that streamlining of construction chemicals business would aid the company’s focus and market position in the construction chemicals industry apropos technological development, product offerings etc.

According to the recently published reports by TechSci Research onQatar Construction Chemicals Market Forecast and Opportunities, 2020”, the market is primarily driven by rapid urbanization and housing sector coupled with rising economy. The market is forecast to grow at a CAGR of 13% during 2015–2020. Underground construction chemicals segment has emerged as the fastest growing segment on the back of increasing expenditure on infrastructure.

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Objective to enhance Hydrocarbon recovery by deploying optimized production techniques that requires optimal usage of Oil field chemicals in onshore and offshore oil fields is driving the growth in Global Oil Field Chemicals market in the forecast period, 2024-2028.

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