Chemicals

The Chemicals industry is not only of the oldest but also one of the fastest growing industries today. Despite constant growth opportunities, the chemicals sector too has faced challenges, such as rise in demand from customers, and regulatory changes. The global chemical industry has witnessed a significant change in that the sector has opted to move their manufacturing location to low cost markets and emerging markets in a bid to deal with the catapulting of raw material costs and the global recession. Companies today also need to keep a close watch on their carbon emissions, increasing pollution regulations and the pressure to ‘Go Green’.