Future Of Chemical Industry. Reimagine Chemicals The Chemical World in 2025Foundation BusinessesEcosystem BusinessesPlatform BusinessesThe Key Question Who Takes The Position of Platform Owner?ConclusionsIn the future most of today’s chemical industry players will be generalpurpose production industrial foundation businesses serving slavish multiple ecosystems They will be trapped just like the telco infrastructure providers that provide the basic infrastructure for today’s hyperconnected world while other tech giants rea.
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The domestic chemicals sector’s small and medium enterprises are expected to showcase 1823% revenue growth in FY22 owing to an improvement in domestic demand and higher realisation due to high prices of chemicals India’s proximity to the Middle East the world’s source of petrochemicals feedstock enables it to benefit on economies of scale.
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What is the future of chemical industry? The Indian government recognises chemical industry as a key growth element and forecast to increase share of the chemical sector to ~25% of the GDP in the manufacturing sector by 2025.
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Without some support from the chemical industry hardly any of what we touch of the buildings we live in the food we eat and the healthcare we receive could exist The industry as a whole is therefore positioned to profit from a wide range of trends from sustainability to emobility from commodity demand surges to major changes in consumer behavior.
