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Key companies operating in the market include
Major participants are engaged in increased R&D activities to develop innovative technologies and attain an economy of scale to enhance their market share. These leaders are also adopting strategic collaborations, acquisitions, agreements, and joint ventures to expand their reach & serve a bigger customer base, which will favor the industry expansion over the years. Furthermore, the major market shareholders are also engaged in forward and backward integration with after-sale service providers and raw material suppliers to further influence their presence in the market, thereby stimulating demand growth across the market.