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Ocean Bio Chem Inc  (OBCI)
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    Sector  Basic Materials    Industry Chemical Manufacturing
 

Ocean Bio Chem Inc's

Competitiveness


 

OBCI Sales vs. its Competitors Q2 2017




Comparing the results to its competitors, Ocean Bio Chem Inc reported Total Revenue increase in the 2 quarter 2017 by 13.51 % year on year, while most of its competitors have experienced contraction in revenues by -1.13 %, recorded in the same quarter.

List of OBCI Competitors

With net margin of 9.62 % company reported lower profitability than its competitors.

More on OBCI Margin Comparisons


   
       
 
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Net Income Comparison


Ocean Bio Chem Inc Net Income in the 2 quarter 2017 grew year on year by 45.08 %, faster than average growth of Ocean Bio Chem Inc's competitiors of 45.08 %

<<  More on OBCI Income Comparisons
   
     


Ocean Bio Chem Inc's Comment on Competitors and Industry Peers


Competition with respect to our principal product lines is described below. The principal elements of competition affecting all of our product lines are brand recognition, price, service and the ability to deliver products on a timely basis.

Marine: We have several national and regional competitors in the marine marketplace. We do not believe that any competitor or small group of competitors hold a dominant market share. We believe that we can increase or maintain our market share through expenditures directed to our present advertising and distribution channels.

Automotive: There are a large number of companies, both national and regional, that compete with us. Many are more established and have greater financial resources than we do. While our market share is small, the total market size is substantial. We believe that we have established a reasonable market share through our present advertising and distribution channels, considering the large size of this market.

Recreational Vehicle/Power Sports: We compete with national and regional competitors. We do not believe that any competitor or small group of competitors hold a dominant market share. We believe that we can increase or maintain our market share by utilizing similar advertising and distribution channels to those we use in the marine market.

Outdoor Power Equipment/Lawn & Garden: We compete with several established national and regional competitors. We do not believe that any competitor or small group of competitors hold a dominant market share. We have attempted to make inroads in this market by emphasizing Star Tron®’s unique formulation and by increasing our advertising and attendance at trade shows.

Disinfectants, Sanitizers and Deodorants: There are a large number of companies that compete with us, many of which are much larger, and have much greater financial resources than we do. We emphasize the effectiveness of chlorine dioxide, coupled with the convenience in application of our Performacide® products.



<<  See the full list of OBCI competitors


Competitiveness By Company's Divisions



  

Total Segment Market Share Q2 2017

Despite revenue growth of 13.51 % in Total segment, Ocean Bio Chem Inc lost market share within this segment.





<<  More on OBCI Market Share.
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