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Global Pump Trends—The Chemical Industry : Asia to Become the Epicenter of Growth for the Chemical Industry

  • February 2015
  • 33 pages
  • Frost & Sullivan
Report ID: 2722338

Summary

Table of Contents

World Economic Background

•World economy saw a humble growth rate of x % in 2013.
•Japan finally managed to tackle its 10-year long deflation.
•The economic situation in Europe started to look better with the GDP* scene showing signs of improvement.
•Inflation rates for most developing economies in South Asia and Africa remained under x %.
•Export numbers and world trade declined as a result of stalled growth in developing countries.
•On a positive note, the average growth rates for middle-income countries continue to be the highest; least developed countries (LDCs) are also expected to experience positive growth.

Key Long-term Anticipated Trends in World Economy :

Emerging market companies are expected to pose a threat to multi-nationals, representing a major shift in the global competitive landscape.
Economists concur that the end of euro zone recession, US recovery, and an economic slowdown in China were the key drivers of a comforting economy in ‘14.
Among the BRIC nations, Brazil and Russia were expected to grow by 3 and x %, respectively, while India and China posed x % and x % in 2014.
As the world moves toward a cleantech-enabled transformation, global corporations would need to develop strategic plans to adapt to change.

The world economy is projected to grow at an average rate of just over x % per annum from 2011 to 2050, doubling in size by 2032 and nearly doubling again by 2050.

Latest Technological Advancements in Chemistry

Agro Chemicals

Catalyst AgTech developed a customizable, patented technology with a "self-destruction" mechanism for use in persistent pesticides, herbicides, and fungicides.

Green Chemistry
Focus is shifting toward using renewable feedstocks. Some examples would be surfactants, polyols, ethene, and propene.

Specialty Chemicals
A compelling new technology called Micro-reaction has enabled the miniaturization and development of micro-structured reactors, mixers, and other microprocess components.

Nanotechnology
Nanotechnology has many diverse applications, starting from supplying drugs to specific cells, repairing tissues, and producing lighter, more efficient plastics for aerospace, construction, and vehicles.

Transportation
Auto and aerospace designers are adopting strong, durable plastics that weigh much lesser than traditional materials and help save energy. Boeing is using lightweight carbon-plastic composites for its new 787 Dreamliner to reduce weight and save energy.

In 2012, chemical companies invested $57 billion in research and development (R&D) to support new innovation.

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