As the world is witnessing the evolution of microtechnology and nanotechnology, much of the onus is on the chemical and materials industry. Chemicals form the foundation of various other industries including transportation, construction, pharmaceuticals, food and beverages, and healthcare. This makes it imperative for the players in the industry to keep up with the dynamic landscape of other industries.
The chemical and minerals industry is largely influenced by the economic vulnerabilities. Nevertheless, it has seemed to do better than the majority of industries in the aftermath of the economic downturn in 2008, enjoying a healthy rebound reflected in stock-market valuations and overall profitability. Much of these gains in sales can be attributed to the increasing demand for chemicals in emerging economies such as India, Brazil, and China. The increasing demand for renewable and biobased chemicals and materials is another factor driving the industry.
However, the skyrocketing prices of raw materials are adversely affecting the growth of the industry. The increasing concerns over hazardous emissions and environmental degradation due to them are compelling governments to form stringent regulations, which in turn are hampering the growth of the chemical and materials industry. Furthermore, the low scope of product differentiation is restricting small and medium sized chemical companies from achieving faster growth rate.
The customized reports available on TMR Research provide unprecedented insights and analysis on the chemicals and materials domain, identifying the latest and most impactful trends governing the industry. Our analysts are adept in addressing any and all queries across industry verticals to help you achieve your goals. The market studies by TMR Research lend in-depth understanding regarding the social, economic, and consumer environment and help you grow in this dynamic industry. Our unmatched and unbiased inputs are designed to open new growth avenues for you and your business.