Global Chemicals Industry: Innovation & Digitalization Anticipated to Spur Future Demand for Chemicals

Published on : Jan 03, 2019

Albany, New York, January 3, 2019: The global industry of chemicals is anticipated to be driven by soaring demand in end-use segments for petrochemicals and specialty intermediates. Noting that chemical industry is a catalyst and prominent enabler in achieving the desired manufacturing economy, investment in has risen dramatically. On the basis of output, The U.S., China, Germany, Japan, Korea and India reign the chemical industry.

These snippets are in line with the report titled, “Chemicals Global Industry Guide 2013-2022,” which has been latterly incorporated in the repository of Market Research Hub (MRH). The global chemicals industry is expected to be spurred by wave of innovation as development in technology provides unparalleled levels of granularity, connectivity and speed in processing, accessing and assessing huge amount of data.

Digital technology is set to bolster the chemical industry as the former is estimated to lower cost and increase revenue and improve the Earnings before Interest, Tax and Depreciation (EBITD). American multinational chemical corporation, Dow chemical reaps the benefit by use of connected sensors to check humidity, temperature, shock and light for hundreds and thousands of shipments daily. On the other hand, automotive refinish solutions division of BASF deploys AI to parallel car colors with respect to customer requirements. Automotive OEMs and carbon fiber composite manufacturers are vying to amplify composite’s application in automobiles.

Global Chemicals Industry: Report Content

The report offers a qualitative and quantitative analysis of the global chemicals industry through the assessment of drivers, trends, opportunities and restraints which have significant impact on the growth of the market.

The report does the analysis of the market on the basis of commodity chemicals, specialty chemicals, agricultural chemicals and other chemicals (including product such as pharmaceutical chemicals). The report takes market value at producer selling price (PSP).

The report starts with the executive summary followed by market overview and market outlook. The report does the assessment of the industry through the macroeconomic indicators. The report includes the Porters’ Five Force Analysis to analysis the competitive landscape of the global chemicals industry.

Global Chemicals Industry: Research Methodology

The report provides research methodology consisting of secondary and primary research. The analysis in the report is on the back of secondary research, primary interviews and assessment by expert panel.

The secondary research incorporates press release, trade journals, regulatory database and relevant patent, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper, national government documents, news articles, recent trade and internal & external proprietary databases. The primary research includes technical writing, surveys, e-mail interaction, and interviews analysis of seasoned analyst, trade associations and phonic interviews.

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