Chemicals and Advanced Materials
The Chemicals and Materials industry has grown tremendously over the last decade despite a global economic slowdown. The demand for chemicals and advanced materials is driven by rapid industrialization in large emerging economies in Asia and Africa. The Asia-Pacific and the US markets are expected to dominate the overall demand. Easy availability of raw materials, and low cost of associated inputs have driven the market. Both the chemical and materials sectors are diverse, complex industries with fairly long supply chains that cover inorganic chemicals, petrochemicals, polymers, fine and speciality chemicals, pharma chemicals, and consumer chemicals segments.