It is surprising to see that the application of blockchain to the Chemical and Plastics industries is a topic where there is few related literature, barely 300 records have been issued since 2010. But the good news is that now some chemical executives are innovating again to find new value through digital technology tren ds. Prepared by. Rubitec Containment Systems for the Chemical Industry. From the USA comes this related initiative launched by Mathelin Bay Associates. Download the full Chemicals trends 2019 report here. The roadmap looks at measures needed from the chemical industry, policymakers, investors and academia to press on with catalysis technology and unleash its potential around the globe. Top 4 Chemical Manufacturing Tech Trends to Watch for in 2019, maxon motor's - The ultra-fast brushless DC motor. Digital provides the means to unlock a new level of productivity enhancement. With more data, more users, and more connected devices, the threat to data security will be at an all-time high in 2019. Besides, we can see how the activity in the field decreases by the years, which probably means that this technology has already surpassed the hype cycle and is currently plateauing. And driving all these initiatives within the four walls of the enterprise is an enterprise resource planning (ERP) software. Chemical companies must adapt quickly to maintain a competitive edge, overcome challenges, and embrace new market opportunities. Nearly 100 leaders in the chemical industry gathered to learn and discuss key topics such as efficient innovation project management; ideation methods to boost innovative thinking; growth through partnerships – maximizing success by partnering with innovative startups; practical approaches and specific innovation trends in nanotechnology, CO 2, food, and plastics; and more. A niche market for premium pharmaceutical products is emerging despite its higher costs. IHS Markit’s Specialty Chemicals Update Program –Overview of the Specialty Chemicals Industry has been compiled using primary interviews with key suppliers and organizations, and leading representatives from the industry in combination with IHS Markit’s unparalleled access to upstream and downstream market intelligence and expert insights into industry dynamics, trade, and economics. They develop carrier-class web-based communication tools for companies. They have recently introduced five new power amplifiers and front-end modules for massive MIMO and 5G base stations. Moreover, integrating the Information technology into all their activities like formulating, manufacturing, storing, logistics and distribution has become a necessity for them. These connected devices, when combined with automated systems, gather information, analyze it, and create an action. Using Linknovate platform, we have found some interesting examples of companies further developing this technology. Explore our industry themes to learn about crucial trends and strategic options. Biggest Research Trend. Rightfully so, more and more chemicals manufacturers around the world are turning to AI-enabled chemical manufacturing software – a trend which is likely to gain momentum in the year 2019. Smart manufacturing is nothing but the practice of making information about manufacturing processes available at the right place and time in the right form, so that smart decisions can be made regarding critical business operations. Effective operations increase a business’s bottom line with a chemical-centric ERPand supporting business systems. As we can see in the graph below, this is a topic that is losing momentum or plateauing. For its application in the chemical and plastic industries, it is projected it will allow edge communications between the machines of the facilities, as well as access to sensors data in real time, with the advantages it has in predictive maintenance and production. In this setting, we have used Linknovate tool to identify which ones are the emerging trends that will influence the following years of the industry and identified Nanotechnology, Blockchain, and 5G as the ones poised to disrupt the sector in a most pressing way. Premium Pharmaceutical Products . Then they are investing in digital transformation initiatives that involve a combination of people, technology and the business processes. Functional excellence has generated significant productivity improvements over the past two decades. 4D technology adds time as a component, which shows how a reservoir will change over time. Is time to Upgrade? Big Tech Disrupts Water Incumbents to Address Key Water Market Challenges Customer and feedstock proximity, intellectual property, and technology know-how may no longer secure a sustainable competitive advantage. “Chemistry is the driving force for emerging technologies, but it is so pervasive that it is often overlooked and taken for granted, Droescher said. Global Chemicals: Key industry trends and opportunities webcast highlights. All three trends are coming together to challenge existing strategies and create a perfect storm for the chemical industry. Top Chemical Companies. Find the latest innovations from chemical and plastic industry applied to your sector, Be a protagonist at this platform for busines and knowledge, Find out the latest innovation from chemical and plastics industries applied to your business, Discover th latest emerging technologies, success stories and more, Graphic materials regarding ChemPlast, news and inspirations. They have launched PlastiTrail.com, a blockchain-enabled global plastics marketplace to break down some of the current barriers preventing potential buyers and sellers of plastics resins, plastic compounds and plastic scrap from locating and contracting with trustworthy trading partners in their own country or in foreign markets. For the top 10 organizations worldwide working in this topic, the percentages vary towards the private sector. Here, a perfect example of the collaboration between different countries and between different organizations’ types is ELENA Project, a grant awarded by the European Commission that aims to develop low energy electron-driven chemistry for the advantage of emerging nanofabrication methods, as well as the training of a new generation of European scientists with a profound understanding of the physics and chemistry behind these processes. Smart manufacturing: With technologies such as machine learning and advanced analytics more readily available these days, manufacturers can use smart manufacturing to improve productivity and efficiency. The biggest company in the world is currently BASF. Megatrend #1: Sustainability and the circular economy The Global Chemical Logistics Market will grow by $ 24.73 bn during 2020-2024 Industry Trends Our world is changing with tireless speed. However, all these changes notwithstanding, the chemicals manufacturing sector has enjoyed positive growth and margins in the last few years. When looking at the aggregated set of records Linknovate has collected for the organizations worldwide applying blockchain technology to the Chemicals and Plastics Industries, 73% of them are companies (SMEs and Corporations) and the rest, 27%, belong to Academia (Universities and Research Labs). Such an ERP, which can help the manufacturers deal with the complex regulatory requirements, and can cover the data security risks among others, will be most sought after by the chemicals manufacturing businesses in the year 2019. Read my la… But in the chemical field, they operate Chemistry.AI, a platform intended to capture the tacit knowledge of medicinal chemists. Industry 4.0. How can the chemicals sector redefine value? Then they are investing in digital transformation initiatives that involve a combination of people, technology and the business processes. The aim is to ensure the ethical disposal of waste by tracing the whole process with blockchain technology. A Quick Recap of Recent Trends in Manufacturing Technology to Think About 2017. The reason for the compensation of increasing costs is due to the willingness of the customers to shell more for research on positive health outcomes. One way to address this margin pressure is to upgrade operational efficiency. The new ECX brushless motors are quiet and feature very high efficiency. Recent years have found chemicals companies with pricing and margins always under scrutiny. Change is inevitable and companies must, quite simply, learn to adapt – and reap the benefits of doing so. Chemical companies are embracing new chemical industry trends to refine their businesses, accelerate product development, and meet customer needs. They see value that is trapped in incoherent and overly ambitious portfolios, and believe that breaking these companies up will allow the new entities that emerge to offer more focused value propositions. HECHT Technologie Raw … It accounts for about 25% of the nation's manufacturing sales and is the most developed of its kind in Africa, according to the Chemical and Allied Industries' Association, an industry group. It is essential for companies to stay updated on the latest changes in the industry trends as well in order to succeed. The challenge is keeping up with it. In addition, it also makes real-time monitoring possible, which facilitates remote diagnosis, predictive and proactive maintenance, and asset optimization. over the next 5 years; Indian chemical industry employs more than 2 million people; 100% FDI is allowed under the automatic route in the chemicals sector (except in the case of certain hazardous chemicals) For further details, please refer to … Finally, when analyzing the most active countries worldwide in this technology, the USA, Europe and East Asia take the lead, as expected. The MIT is the leading organization worldwide working on nanotechnology for the chemical and plastics industry. Dec 11, 2020 (The Expresswire) -- "Final Report will add the analysis of the impact of COVID-19 on this industry." The Chemicals & Plastics industry faces winds of change marked by an ecosystem based on Circular Economy and Sustainability, Digitalization, and the Industry 4.0. 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