The chemical industry comprises companies that develop, manufacture
and distribute specialty and commodity chemicals, industrial gases and
agrochemicals as well as additives for the health care and wellness industries.
Innovation and product stewardship remain key industry drivers. The main
challenges facing the industry include operational eco-efficiency, climate
change, human capital management, and occupational health & safety.
Further, new product applications require the implementation of comprehensive
product stewardship management systems that include product databases
and client training. Increasingly, companies are adopting green chemistry
practices, the use of (bio) catalysis and replacing traditional solvents and
hazardous chemicals with renewable and/or bio-based materials. Offering
products and solutions that provide sustainability benefits in the usage phase
to help customers achieve their own sustainability targets is becoming a key
differentiator for chemical companies.