NOCIL Aims To Grow Global Market Share To Double Digit | ET Now | Latest News
NOCIL’s management in its meeting with Motilal Oswal said that earlier the export market was impacted adversely by the downturn in latex demand, which goes into rubber gloves. However, they believe that the worst is now over for the export market. It expects the export market to consolidate and perform better from here.
NOCIL currently has 5-6% of the global market share in the rubber chemicals space and looks to grow this to a double-digit figure. The China +1 strategy is gaining traction every year with Europe +1 expected to play out in the medium term.
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