Climate change, sustainability, and digital transformation will drive massive change for future chemical companies.
Over the next 20 years, the chemicals and materials industries will face fundamental changes, forcing them to adopt new skills and develop new goals. Megatrends that are now confronting the chemicals industry are forcing it to develop new goals, both beyond and in tension with volume growth and profits. Concerns about, and the impacts of, climate change and other environmental issues like plastic waste are forcing the industry to rethink the flows of both materials and information, while consumer attitudes and the rising economic importance of digital technologies are changing how it needs to approach flows of information.
Sustainability needs will force the chemicals industry to decouple consumption and revenue growth