The Future of the Global Chemicals Industry, Driven by Specialty Needs and a Growing Middle Class, Business and Industry Trends Analysis

Several factors will combine over the long-term to reshape both the way the world uses chemicals, and the industry that manufacturers them.  To begin with, there is the booming growth of the middle class in such nations as Indonesia, Vietnam and India.  If you think of “middle class” as meaning a household that has a reasonable amount of discretionary income, it’s easy to see how this will drive chemicals manufacturing forward.  Rising incomes mean the purchase of more cars and motor scooters, more packaged food, more appliances such as air conditioners and better housing, all of which are highly reliant…

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