𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗧𝗿𝗲𝗻𝗱𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗖𝗵𝗲𝗺𝗶𝗰𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆: 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗼𝗿 𝟮𝟬𝟮𝟰 The chemical industry has experienced rapid transformation in the last couple of years. It underwent a stage of technological disruption, which introduced new opportunities and hurdles. The rate of innovations in chemical processing has skyrocketed, aiding firms to boost their business performance. The ongoing pandemic has created more complexities and problems for the companies in this industry. Chemical companies are navigating through the uncertainties and re-evaluating their business models and supply chains with a focus on the management of risk.

𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐒𝐭𝐮𝐝𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐡𝐞 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 size is predicted to reach USD 681.0 million at a CAGR of 7.9% till 2030. The Singapore industrial process automation market growth is being driven by the booming chemical industry, that heavily depends on automation solutions such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), and Manufacturing Execution Systems (MES). 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 : 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 : Companies are investing in energy-efficient and sustainable automation solutions, aligning with Singapore’s green manufacturing goals and climate initiatives. 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 : The use of advanced robotics, including autonomous robots and cobots, is rising across various industries like electronics, pharmaceuticals, and logistics to address labor shortages and improve precision. 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 : Government-backed programs, such as the Smart Industry Readiness Index (SIRI), are accelerating digital transformation in manufacturing and process industries. https://www.nextmsc.com/report/singapore-industrial-process-automation-market

Top 5 Trends in Chemical Industry The chemical industry is undergoing significant transformation, driven by several key trends. First, sustainability is becoming a major focus, with companies prioritizing eco-friendly practices such as green chemistry, circular economy models, and the use of renewable feedstocks to reduce environmental impact. Second, digitalization is revolutionizing operations through the adoption of smart manufacturing, AI, and IoT technologies, improving efficiency and predictive maintenance. See the full article : https://www.nextmsc.com/blogs/top-5-trends-in-chemical-industry

The global acetaldehyde market size was valued at USD 1.53 billion in 2021. The market is projected to grow from USD 1.58 billion in 2022 to USD 1.98 billion by 2029, exhibiting a CAGR of 3.3% during the forecast period. This information is presented by Fortune Business Insights, in its report titled, “Acetaldehyde Market, 2022-2029.” Information Source- https://www.fortunebusinessinsights.com/acetaldehyde-market-107120 Segments: Surging Demand for Basic Dyes and Polymer Resins to Promote Market Augmentation As per application, the market is divided into chemical synthesis, food & beverages, pharmaceuticals & cosmetics, paints & coatings, and others. Chemical synthesis segment captured 52.9% of the market share in 2021 owing to rising demand for basic dyes and polymer resins in end-use industries. This will contribute to the rising demand for derivatives in the coming years. Regionally, the global market is fragmented into North America, Europe, Asia Pacific, and Rest of the World. Report Coverage: The report examines the market systematically and thoroughly by dividing it into segments and regions. Growth rate estimates, market share held, and revenue predictions for each segment and region are also given. A deep-dive analysis of leading companies in the domain and strategic moves undertaken by them to maximize sales and profits generated is given in the document. A comprehensive COVID-19 impacts section is included to inform investors about the after-effects of the pandemic on the market. Drivers and Restraints: Expanding Pharmaceutical and Chemical Industry to Generate Product Demand Acetaldehyde, also known as ethanal, is used as a raw material in the production of various pharmaceutical products and chemicals. It is widely used to manufacture pentaerythritol and peracetiac acid. These chemicals find a wide range of applications in chemicals and pharmaceuticals industries. The expansion of chemical and pharmaceutical industries will thus aid the global acetaldehyde market growth. On the other hand, increasing concerns regarding toxic effects of ethanal such as irritation, headaches, and dizziness have prompted governments to regulate the usage of such chemicals. This will act as a challenge for businesses operating in this domain. Regional Insights: Asia Pacific to Lead Backed by Surging Demand for Chemicals and Food & Beverages Asia Pacific captured the largest global acetaldehyde market share in 2021 owing to growth of leading consumer industries. The food & beverage and chemical industries have grown rapidly in recent years due to the availability of raw materials. This, in turn, will boost the demand for ethanal and contribute to market expansion. Meanwhile, Europe is slated to record significant expansion in the coming years due to surging product demand from cosmetics and pharmaceuticals industries. Surging demand for derivatives such as pyridine bases, pyridine, ethyl acetate, and acetic acid from pharmaceuticals & paints & coatings sectors will facilitate market escalation in this region. The Latin America market is propelled by easy availability of alternative raw materials such as bioethanol. Bioethanol is used in the production of acetaldehyde and is available in corn and sugarcane, which are grown in significant quantities in Mexico and Brazil. Competitive Landscape: Key Players Announce Acquisitions to Increase Net Sales Leading companies use several tactics to strengthen their foothold in the market. One such move is acquiring other prominent players in the domain to expand their reach, increase product sales, and improve brand value. Launching new products to meet consumer requirements is another essential strategy to generate massive revenues. Key Industry Development: July 2022: Sumitomo Chemical Co., Ltd. announced its decision to acquire Nativa through its subsidiary Agro Amazonia Produtos Agropecuários S.A. This move will expand its geographical footprint in Brazil and help the company in achieving growth in net sales. List of Key Players Mentioned in the Report: Solvay SA (Belgium) Eastman Chemical Company (U.S.) Jubilant Life Sciences (India) Sumitomo Chemical Co. Ltd. (Japan) Arkema (France) Honeywell International (U.S.) Laxmi Organic Industries Ltd. (India) SHOWA DENKO K.K. (Japan) Wacker Chemie AG (Germany) Celanese Corporation (U.S.)

The global oleochemicals market size is expected to reach USD 52.04 billion by 2028, exhibiting a CAGR of 6.4% between 2021 and 2028. The growing emphasis on natural oils & fats obtained from living feedstock, including plants, animals, and oilseeds, will enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Oleochemicals Market, 2021-2028.” The market size stood at USD 31.42 billion in 2020. COVID-19 Impact- The production of China's industrial firms fell by 14% in the first two months of 2020, according to statistics provided by the National Bureau of Statistics of China in 2020. The chemical industry was one of the most hit, with a 21% drop in output and a 66% drop in profit. In addition, growing limitations and issues with logistics, a paucity of staff and labor resources, and a lack of personal protective equipment all substantially influenced the production process. Continuing to produce some important feedstock chemicals for pharmaceutical uses, on the other hand, was a good move taken throughout the epidemic. Browse Complete Report Summary: https://www.fortunebusinessinsights.com/oleochemicals-market-106250