Markets

The food and beverage industry has a unique role as it is universal to human life and health. The F&B sector poised for enormous growth to satisfy the increasing populations and consumer demands. Moreover, today’s consumers are more careful about what they eat in terms of quality, aspect and taste. As a large, rapidly expanding and increasingly diverse market, F&B industry needs to combine sustainability, novelty, and safety, all of which are strongly influenced by the growing role of digitalization and simulations.

With rising global demand, highly volatile prices and increasingly stringent environmental regulations, the oil and gas industry faces three challenges: reducing costs, optimizing the performance of its industrial assets and improving its environmental footprint.

The chemical industry plays a significant role in the economic development and affects downward sectors such as agriculture, pharmaceutical, polymer additives, and others. Current challenges include end-markets demand, price volatility of key feedstocks, trade and regulatory barriers. Sustainability is a key goal and requires expanding efforts to improve the development and management of commercial chemicals.

Coatings provide two primary functions that are of considerable economic importance—decoration and protection. More than half of the coatings produced worldwide are used to decorate and protect new constructions as well as to maintain existing structures. Through the next five years, environmental regulations will continue to be a driving force behind the adoption of new coating technologies.

As a large, rapidly expanding and increasingly diverse market, personal care chemicals represent special challenges for companies. Today’s consumers want more, they want quality and they want it now. But opportunities are evident as well, driven by an increasingly ageing population and new markets such as men’s grooming, and bio-based care products.