Formulating Success: ABM for Specialty Chemicals
The specialty-chemicals industry is expected to reach a whopping $470B by 2020, with specialty coatings comprising over a quarter of the market. R&D is responsible for driving much of this industry growth and profitability, but it has also fueled increased merger activities and specialization.
Several challenges have arisen in the industry landscape and as of 2017, over half of the market activity has migrated to Asia. Adding to the frustration, Western companies have become subject to harsher chemical regulations, particularly in Europe.
In order to survive these industry setbacks and respond to the demand for increasingly specialized chemicals, specialty-chemical processors need to get closer with their customers and communicate their ability to solve their unique challenges. Read our white paper to learn more.