Thursday 26th & Friday 27th August 2021, Shenzhen Exhibition & Convention Center
Barentz Personal Care offers a comprehensive portfolio of ingredients for skin- and hair-care applications, colors and fragrances. There are currently three megatrends in the chemical industry: Berg Schmidt’s wide raw material product range includes commodities,... Don't miss out on the latest news and technology affecting professionals involved in personal care product design, development and manufacture. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities. There are four megatrends currently shaping the chemicals and materials industries: feedstock and resource transformation, sustainability, change in consumer demand, and digital transformation. There are four megatrends currently shaping the chemicals and materials industries: feedstock and resource transformation, sustainability, change in consumer demand, and digital transformation. Download the FREE Personal Care Magazine app from your device's App store. This site uses cookies to analyse traffic, remember your preferences, and optimise your experience. © 2020 Step Communications Ltd. 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. ... “This will cause a new split in the industry between premium chemical companies and budget chemical companies,” adds Schiavo. FEATURED. Chemical engineering education is continuously evolving due to new demands on graduate attributes and rapid changes in the Chemical Industry [1, 2]). Most of these deals happened in the US and China. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities. Megatrend #1: Sustainability and the circular economy There has been a major shift of production facilities to Asia in the last two decades. 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. At MarketsAndMarkets, we keep tracking these megatrends and their impact on the industry participants. 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. Megatrends shape the chemical and pharmaceutical industry‘s future. Analyzing the impact of various megatrends on the future development of the chemical industry is becoming an important strategic tool. Megatrends I&C Corporation (MTIC) is 8 years experience in the construction industry. 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. 16,744. If you don't already have an account, please register with us completely free of charge. Key raw materials and energy supplies are getting tighter day by day. The … Overview of megatrends Impacts on end markets • Major forces creating challenges and opportunities for chemical companies over the next decades • These trends are generating growth in new markets up and down the value chain • They can also be disruptive and prompt massive and … The advantaged-feedstock-opportunity window is closing. The first two will impact the flow of materials, while the … The agile and early adopters of these changes will have the competitive advantage over others as the conventional strengths such as easy access to raw material, proximity to customers, and R&D may no longer be sufficient to sustain a competitive edge. Chemical companies face a formidable challenge: delivering profitable growth in a hypercompetitive, low-growth world. Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues. This story is Premium Content and is only available to registered users. Whenever over the past decade we have examined the chemical industry’s capital-markets performance, a very similar picture has emerged. Digital technology will help chemical companies in many ways such as capturing critical data and drawing insights from it to achieve improved output at lower costs, scheduling preventative maintenance to minimize downtime, and facilitating accurate inventory planning to prevent stock outs. The first two will impact the flow of materials, while the … The chemical industry will continue to undergo rapid change in the next decade. environmental regulations and governance, have also significant impact on the process industry and chemical engineering education. Decisive contributions for solutions to forthcoming megatrends originate from basic chemicals. 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. 19 May – 21 May 2021, BITEC Bangkok, Thailand
Boost for sustainability transparency in personal care, Natural anti-ageing skin care active launch, New ingredient simplifies sun care product formulation, The Society of Cosmetic Scientists, Singapore - 11th SCSS Suppliers Day, August 2021, Cosmetic Ingredients & Technology Exhibition Japan (CITE JAPAN). Global chemical companies are now operating as ecosystems ensuring sustainability and economy, resulting in less energy and resource consumption. Please log in to view the full text. Individual megatrends can be translated very concretely into demand for chemicals products or for end … These cultural and market changes, called “megatrends,” present tremendous opportunities for chemical companies. The world is evolving faster, for companies it is becoming difficult to compete in a market where technology has drastically increased access to innovation. production. On Oct 8, 2020. Siemens AG (Germany) is developing its automation business by launching new products and expanding in regions such as South America and Africa. Their exact implications have to be analyzed on a per company, per business unit and regional basis. 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. 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. Shrinking product life cycles and the rush to commoditize products have increased the pace of globalization. New trends are emerging in the industry that are changing the rules for success. There are four megatrends currently shaping the chemicals and materials industries: feedstock and resource transformation, sustainability, change in consumer demand, and digital transformation. However, with the advent of shale gas in the US or coal-to-olefin technology in China, it will be really interesting for chemical manufacturers to see how things unfold. 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. 10/09/2020. 24 - 26 March 2021, Jacob K. Javits Convention Center, New York
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. 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. 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. Fast Growth Predicted in the Chemical Industry, Industrial Gases: Important Trends to Watch in the Global Market, The Beverage Industry: New Forecasts & Trends, 12 Leading Companies in Clinical Laboratory Services. Analyzing the impact of various megatrends on the future development of the chemical industry is becoming an important strategic tool. Last year, the majority of the M&A deals in the global chemical industry took place between the companies offering commodities and intermediates & specialty materials. GLOBAL MEGATRENDS WILL TRANSFORM THE CHEMICAL INDUSTRY. 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 … 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. Significant product and process innovation is taking place in the chemical industry. For this reason, Germany – as a location of chemical industry and industry in general – will continue to remain dependent on regionally available basic chemicals. Over the next 20 years, the chemicals and materials industries will face fundamental changes, forcing them to adopt new skills and develop new goals. Megatrends are creating opportunities and challenges in the chemical industry. 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. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities. The company’s basic portfolio includes fatty alcohols, fatty acids esters and shea butter. Registered in England. The key market players profiled in the report include as Siemens AG (Germany), General Electric Co (US), ABB Ltd (Switzerland), Rockwell Automation, Inc. (US), Emerson Electric Co (US), Yokogawa Electric Corporation (Japan), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Schneider Electric SE (Germany). Lux Research. 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. Our goal is to help you better understand your customer, market, and competition in order to help drive your business growth. But there is a lot more to discover. 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