Chemicals
The world of Chemicals has seen transformative changes over the last decade with consolidations all with an intent to remain competitive in a turbulent and very competitive industry.
There has been a focus on cost containment as the price of raw materials fluctuate which threatens profitability. But companies have been diligent to ensure innovation is also a high priority as this is the fuel to future growth.
Chemical companies have a rich technology and product portfolio—much of which remains untapped as they concentrate on a chosen few applications which leaves a wide open playing field to find alternate uses for those under-performing assets.