Production based on advantaged feedstocks has been a cornerstone of value creation in the industry, but the potential for investments based on such feedstocks is likely to become much more constrained after 2020. GLOBAL MEGATRENDS WILL TRANSFORM THE CHEMICAL INDUSTRY. 4 -5 May 2021, Pacifico Yokohama Exhibition Hall / North / Annex Hall These cultural and market changes, called “megatrends,” present tremendous opportunities for chemical companies. The company’s basic portfolio includes fatty alcohols, fatty acids esters and shea butter. Some of the aforementioned paradigms and megatrends are presented in Figure 1 with US inflation rate, unemployment rate and change of GDP relative to previous year. For this reason, Germany – as a location of chemical industry and industry in general – will continue to remain dependent on regionally available basic chemicals. Global Megatrends will transform the Chemical Industry over the next 20 Years. Analyzing the impact of various megatrends on the future development of the chemical industry is becoming an important strategic tool. On Oct 8, 2020. See Accenture's Cefic 2015 presentation on "Mastering Chemical Industry Disrupti… Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Registered in England. The chemical industry will continue to undergo rapid change in the next decade. The first two will impact the flow of materials, while the … While many companies have already started leveraging what mobility and the Internet of Things has offered, machine learning and blockchain are expected to be the big disruptions in the chemical sector. This article describes three major chemical industry trends to watch in the coming years, based on studies published by MarketsandMarkets, a global market research firm. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities. Siemens AG (Germany) is developing its automation business by launching new products and expanding in regions such as South America and Africa. Individual megatrends can be translated very concretely into demand for chemicals products or for end … On the basis of total returns to shareholders (TRS), the chemical sector has, over the long term, outperformed not only the overall market but also most of its customer industries and raw-material suppliers. In May 2019, Siemens and HP an… This story is Premium Content and is only available to registered users. Key raw materials and energy supplies are getting tighter day by day. Current megatrends identified in the report include demographic change, quality health care, new patterns of mobility, convergence of technologies, globalization, new patterns of consumption, resource scarcity (energy, water, and food), climate change/green, and urbanization. The chemical industry will continue to undergo rapid change in the next decade. New trends are emerging in the industry that are changing the rules for success. The world is evolving faster, for companies it is becoming difficult to compete in a market where technology has drastically increased access to innovation. Whenever over the past decade we have examined the chemical industry’s capital-markets performance, a very similar picture has emerged. Our broad, but carefully selected ranged of ingredients comprises specialty ingredients such as high-performance actives, multifunctional ingredients and texture enhancers, to meet some of the most challenging... Marriott Singapore, Tang Plaza Hotel. The critical nodes of these ecosystems — raw materials, chemical production, applications, and end users — focus on raw material substitution and maximize the use of renewables, energy recovery, recycling, and re-use by end users to achieve the objective of the circular economy, thereby maximizing value and conserving the resources. GLOBAL MEGATRENDS WILL TRANSFORM THE CHEMICAL INDUSTRY Climate change, sustainability, and digital transformation will drive massive change for future chemicals companies . Megatrends That Matter To chart a course for the future, executives can begin by understanding the undercurrents, or megatrends, that are vastly reshaping the world and the chemical industry. We publish intelligence future high growth markets well ahead of others. Register FREE for our regular newsletters now, and enjoy FREE access to feature article content and to the digital versions of Personal Care Magazine. Megatrend #1: Sustainability and the circular economy Their exact implications have to be analyzed on a per company, per business unit and regional basis. Trimming down resources and energy consumption to a significant level is turning up as a focal point of the areas of operation such as chemical production, applications, and use of raw materials. Global megatrends to impact the chemical industry Oct 21, 2020 Over the next 20 years, the chemicals and materials industries will face fundamental changes, forcing them to adopt new skills and develop new goals. Please log in to view the full text. The COVID-19 pandemic has had an unprecedented impact on the US economy and the state of the chemical industry, which experienced a significant decline in demand over the past eight months. Barentz Personal Care offers a comprehensive portfolio of ingredients for skin- and hair-care applications, colors and fragrances. Share. Checking out the Top Megatrends of Chemical Industry in 2020 it seems that attaining sustainable solutions in different core functional areas is a priority for service providers in the present situation. There are four megatrends currently shaping the chemicals and materials industries: feedstock and resource transformation, sustainability, change in consumer demand, and digital transformation. Decisive contributions for solutions to forthcoming megatrends originate from basic chemicals. The ever-increasing impact of emissions and waste disposal has encouraged different agencies to set stringent environmental regulations. MarketResearch.com6116 Executive BlvdSuite 550Rockville, MD 20852800.298.5699 (U.S.)+1.240.747.3093 (International)customerservice@marketresearch.com, Artificial Intelligence in Manufacturing Market, Top 10 Advanced Materials & Technologies Market, Top Advanced Materials & Technologies in the Electronics Industry, Investing in China? This article describes three major chemical industry trends to watch in the coming years, based on studies published by MarketsandMarkets, a global market research firm. Therefore, identifying emerging trends is a key factor for success in consumer markets For megatrends we mean a change in behavior or attitudes, which has a global impact and involves different … 16,744. Significant product and process innovation is taking place in the chemical industry. Global chemical companies are now operating as ecosystems ensuring sustainability and economy, resulting in less energy and resource consumption. Megatrends are creating opportunities and challenges in the chemical industry. FEATURED. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities. Consider the following examples of innovation: All three trends converge to challenge the chemicals industry and influence the strategic decisions of leading global chemical producers. Addressing an emerging megatrend: Feeding a changing world Posted on July 21st, 2016 by Kevin Shikoluk in Chemical R&D. Megatrends I&C Corporation (MTIC) is 8 years experience in the construction industry. 2 - 4 November 2020. The chemical industry is entering a phase where every chemical company should likely decide what they want to be. A few examples are highlighted below: Digitalization is leading the innovation in all major industries, and chemicals are not too far behind in embracing the power of digitalization and its role in innovation. If you don't already have an account, please register with us completely free of charge. 10/09/2020. While the industry was already facing cyclical challenges such as overcapacity, pricing pressures, and trade uncertainty before 2020, many postpandemic changes have shown a structural or disruptive … Market Scenario Global Megatrends will Transform the Chemical Industry Over the Next 20 Years: Lux 14.09.2020 | Editor: Ahlam Rais The sectors will also be forced to adopt new skills and develop new goals to stay competitive in the market. There are currently three megatrends in the chemical industry: Download the FREE Personal Care Magazine app from your device's App store. Digitalization is expected to result in increased revenue and reduced cost, and at the same time, enhance the EBITDA margins by up to 9% in the industry. The … Megatrends will have a serious impact on the world economy and on all sectors of industry, including, of course, the global chemicals industry. MTIC is an exclusive distributor of diverse principal suppliersfrom different countries like South Korea, Malaysia, Italy and Greece for chemicals, construction materials and industrial machineries. Registration Number 3893025. Overview of megatrends and drivers • Major global forces creating disruption and opportunity for chemical companies over the next decade • These trends are generating growth in new markets up and down the value chain and prompting unprecedented shifts in the industry. 320 Orchard Road 7.1 Shift in Revenue Streams Due to Megatrends in Chemical Industry 7.2 Introduction 7.3 Metals & Mining Most of these deals happened in the US and China. 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