Winning in evolving times
Strategic imperatives for chemicals companies
The global chemical industry is riding a wave of strong growth and high margins, but its ability to continue this momentum depends on how it reacts to three long-term developments—advanced manufacturing technologies, digital transformation, and sustainability.
The global chemicals industry crossed the US$4 trillion mark in shipments in 2017, with margins stabilizing, and revenue growth for top chemicals companies picking up steam. There is evidence of near-term growth momentum and many chemicals executives are upbeat about the industry’s future. But, will this momentum continue in the mid to long term?
In this report, we cover three key developments that will likely change the entire global chemicals industry landscape by 2030 if companies respond in a prompt and strategic manner:
• Fuels-to-Chemicals technologies
• Digital transformation
• Sustainability and the circular economy