Chemical companies need to respond faster in the industry of constant change driven by innovation and technology disruption. Frequent technology developments, innovative solutions, advanced products, and an optimized supply chain have become the need of the hour. Our chemical experts work across all segments, including primary and intermediate chemicals, polymers, fibres and elastomers, agricultural chemicals, paints and coatings, and other specialty chemicals. Our chemical experts help clients solve their most demanding strategic and tactical business challenges around prominent issues such as environmental sustainability, new-age chemicals, and materials aligned to future needs and digitalization.
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Challenges Solved by our Experts in Chemical Industry
1. Plant, Process Flow & Control:
It includes process plant & equipment, process engineering, process control, process automation, flow management, plant & asset management, plant optimization, process intensification, digitalization, etc.
2. Chemicals, Ingredients & Raw Materials:
It includes reports and analysis on Industrial & Supply Chain Chemicals, Value chain analysis, Chemical & Formulation ingredients & additives, Raw Materials – for Chemicals processing & product formulation sectors, green chemistry, etc.
It also includes sustainable solutions like Carbon footprint, energy balance, mass balance, viable alternatives of raw materials, waste management, heat management, renewable energy sources, etc.
We have gained core expertise in sectors of this domain, including specialty chemicals, aromas and essentials, ink and paint/coating, surfactant and detergent, gas purification and filtration, and absorbent articles.
3. Are Chemicals used in this Industry safe and environmentally regulated?
Products obtained by the chemical industry are potentially hazardous at some stage during their manufacture and transport. These chemicals may be toxic, corrosive, flammable, and explosive. Moreover, production processes associated with these chemicals often involve high temperature and pressure, which is always subject to controlled regulations. At Ingenious, we are inclined to gather all the possible technologies and innovations with reasonable provisions related to these issues.
4. Governmental Regulations
Regulations are in force in every major country. Our experts have sound knowledge about different regulations by various countries, especially in Europe and the US. Ingenious have a constant watch on the movements or initiatives taken by different companies to meet such kinds of rules and standards.
About Ingenious e-Brain Solutions: -
Ingenious e-Brain Solutions provides high-quality, customized, and cost-effective Technology Research, Business Research, and Intellectual Property Research solutions to industry leaders, and innovative companies across the globe. Innovation, knowledge, and transparency form the basis of our company’s mission and vision. Along with cost benefits, we provide highest quality results ensuring fool-proof confidentiality and security. We are an ISO certified company with offices in India and USA.
Ingenious e-Brain Solutions has a strong team of analysts, and subject matter experts with domain proficiency which is devoted to help clients grow. Our highly qualified professionals offer tailored, value-added and cost-effective services to our clients. We believe in building long term relationships with our clients who include national and international corporations, Fortune 500 companies, world’s leading research institutes and universities as well as independent inventors.
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India Office
207-208 Welldone TechPark, Sohna Road
Sector 48, Gurugram, Haryana 122018, India
+91 124 429 4218
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The manufacturing industry is an essential component of Singapore’s gross domestic product (GDP), accounting for nearly 27%.
The comprehensive free trade agreements also facilitate the trading practices in the country.
Singapore has the world’s top 10 global chemical export market by volume.
Singapore does not have a major domestic market and has a short land supply.
Commodity chemicals marketThe country’s trade balance represented a surplus of around USD 5.6 billion in the year 2019.
The imports to the country increased around 4% compared to the previous year.International Scientific Private Limited (ISPL), with more than 50 years of experience is a major industrial chemicals supplier for the domestic and global chemical market.
AT A GLANCEAs the world braces itself for a potential global recession, decision-makers at significant chemical companies are looking for ways to realign their operational and manufacturing strategies to be able to sustain and grow.Liquidity and capital resources impact the business, causing financial pain areas for the chemical industry.The industry is also facing problems due to disrupted global supply chains, labor shortage, dwindling demands for one industry and growing demands for others, and many more such issues.With the strategic overhaul, reinvention of smart factories, investment in automation, and other robust enterprise software, the chemical industry can turn the tide during this pandemic.Like almost every other industry, the chemical industry encountered unplanned hassles in 2020 due to the Coronavirus global pandemic.
Practically every department in chemical companies has experienced the ripple effects of a market slowdown.
Things are still uncertain in terms of the supply chain’s stability, workforce capacity, changes in global trade regulations, etc.Approximately 41% in the chemical industry are concerned about the effects of Covid-19 on the workforce and reduction on prod.Approximately 23% are looking at disrupted supplies are a red flag.– PER A SURVEY BY PRICEWATERHOUSECOOPERSWhile an imminent global recession and massive disruption in the way businesses operate seem inevitable, the chemical industry can take advantage of certain factors like:Increased demand for raw material required for hygiene products and sanitizers across the globe.The drop in oil prices offering a chance to acquire oil-based raw material at a lower cost.Dependence of many major and minor sectors on the raw material provided by the chemical industry.There are also various strategic and operational changes that the decision-makers at chemical companies will need to help their companies sail through this crisis with minimal damage.
However, before we get into plausible solutions, it is imperative to understand the chemical industry problems.
Let us look at six major challenges that the chemical industry is dealing with due to the coronavirus crisis.1.Liquidity and Investor IssuesDue to governments’ various measures across the globe to contain an outbreak of coronavirus, there was a sudden and steep decline in financial outcome in the first quarter of 2020.
The market slowdown led to investors abandoning, slower credit timescales by banks (leading to delay in funding), lack of sufficient security packages, covenant limits, etc.
