The TCD alcohol DM industry is highly consolidated, OQ Chemicals (OXEA) is the leading player and accounts for around 85% - 90% of the market share. It has its own proprietary patented technology for the manufacturing process of TCD alcohol DM which provides a competitive edge. Also, strong brand image and around 1,900 raw material suppliers across the globe strengthens its market position. The new players will have to purchase the rights for the patented technology in order to start the manufacturing of the chemicals, further strengthening the position of Oxea.
In addition, it has widespread global presence in the U.S., Mexico, Germany, Amsterdam, China, Singapore, Tokyo, etc. which makes it the market leader. Some of the key strategies adopted by OQ Chemicals (OXEA) is production capacity expansion, acquisition, and collaboration with distributor.