Chemical Top–Trends 2014
Three Top–Trends that will Shape the Chemical Industry in 2014
Although differentiation is a difficult task for the construction chemicals sector, as the products are mostly commodities and the construction sector traditionally has been quite conservative, key producers are trying to reach a higher level of differentiation by closely working with customers in order to understand needs and develop customer-focused solutions for specific applications.
Urbanisation and Consumer Lifestyle Fuels Demand for Packaging
Another factor which accompanies the urbanisation Mega Trend is changing in the consumer lifestyle. This will attract more interest towards new packaging technologies and products such as flexible packaging especially in food and beverage applications, which is the largest end segment application. The increased focus on sustainability will continue to be a major trend in the packaging industry, which supports the adoption of materials from renewable sources.
BRIC States Continue to Lead the Growth Markets Despite Unrests
Based on the same survey, Frost & Sullivan has identified emerging markets for the chemicals, materials and food industry in 2013. BRIC was leading the developments even with the slow down observed in China and India and the political and social unrests in Brazil and Russia. Also Turkey and Southeast Asia countries, such as Vietnam, Indonesia, and Malaysia are strengthening their global position as production and consumption hot spots. The leading industries identified in 2013 were: construction and utilities, transportation, foods and beverage, personal protective equipment, and food, drug, and cosmetics.
Trends in 2020: Gas, Agrochemical, Bio–Materials and Water
Frost & Sullivan has also identified the top Technologies and Markets to Watch in 2020. These are: lightweight materials including composites and plastics, bio-based chemicals and materials, shale gas chemicals and infrastructure, advanced coatings, water and waste water treatment chemicals and solutions, nutritional and functional food ingredients, hybrid personal care markets, agrochemicals and crop protection chemicals.