Lightweighting Fuels Chemical & Materials Market Growth

By on September 27, 2019 in IN THE NEWS, MATERIAL MATTERS

Automotive lightweighting will boost the global chemicals and materials in the infrastructure and mobility applications sector, business-consulting firm Frost & Sullivan predicts. Other key factors pushing the market will be 3-D printing, digital transformation, circular economy and CO2 as feedstock.

Frost & Sullivan expects market growth to be propelled by rapid economic and infrastructure development in the Asia-Pacific, as well as market consolidation through small-value deals and merger-and-acquisition activities.

“Growth opportunities can be found in plastics and composites, along with the coatings, adhesives, sealants and elastomers [CASE] sectors, as these segments drive innovation, product introduction and technology sophistication,” said Soundarya Gowrishankar, team leader, chemicals and materials in infrastructure and mobility. “Furthermore, the water and wastewater treatment chemicals sector growth is likely to be steered by digitization trends in the industry.”

“In 2019, chemical industry trends will largely be influenced by the slowing Chinese economy, U.S.-China trade tensions, Brexit implications, along with the emerging investment outlook in India, Brazil and rest of Asian countries,” noted Christeena Thomas, senior research analyst, chemicals and materials in infrastructure and mobility.

According to Frost & Sullivan, participants can make the most of growth opportunities in the market by:

• Targeting the promotion of more environmentally sustainable products that are compliant with the regulations mandated by each sector
• Improving their portfolio with products that can be customized based on end-user specifications, such as improved adhesion, durability and ease of operation
• Implementing marketing programs that improve awareness among end-user customers about the utility of advanced products