Chemical companies transform and add value to natural resources, creating the materials that are essential to downstream industries such as construction, automotive, healthcare and the renewable energy industry.
However, despite the criticality of the industry's products, there are many challenges that have been created by trends in society. The world's environmental awareness has been enhanced by the 2021 COP26 meeting, and this created additional pressure to tackle issues such as plastic waste. Covid-19 has led to challenges in supply chains, and has also encouraged many companies to revisit their portfolio strategy. Meanwhile digital technologies continue to transform the chemical industry, as it is others.
2022 promises to be a transformative year for the chemical industry. The focus will be on creating more sustainable growth. Frost & Sullivan has identified ten dynamic growth opportunities from across the research programs that together form our Chemicals practice.