Chemicals & Materials

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Chemicals and Materials industry is growing at a high rate with the introduction of new products and applications, changing demands and preferences of consumer, increasing environmental awareness. Growing ancillary industries and growing economy have been the major factors to accelerate the growth of chemical industry.

Advent of renewable chemicals and bio-based material is the prevailing trend in chemicals and materials industry. This transformation is one the major support to lower the risk causing to environment associated with chemical industries. Social accountability, environmental awareness and economic growth play the major role in chemicals and materials industry and are considered as the perquisites to avoid the hurdles in the long run.

Nevertheless, increasing price of raw material is one major concern for the industry. Also, stringent regulations, harmful emission from hazardous material are the major threats to the industry. Companies are also required to take strong initiatives and constantly improvise the strategies to achieve the growth.

Government is promoting the small scale industries by providing heavy subsidies and high return on investment (ROI)