Impact of Digitisation on the Chemical Industry Report 2018 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Impact
of Digitisation on the Chemical Industry, 2018" report has been
added to ResearchAndMarkets.com's offering.

Digital technologies are affecting all aspects of the chemical industry
along the value chain. The impact of digital transformation has been
divided into seven domains along the value chain. The digital plant
concept is just one of these domains. A digital plant uses innovative
technology for many specific reasons including predictive maintenance,
process improvements, and even new plant design. Many chemical companies
are using digital technology and Industry 4.0 concepts to develop
visions of a chemical plant of the future. Digital technologies will
play a vital role in new product development in the chemical industry
through digital innovation. They are also being leveraged by chemical
companies in a number of industry niches, to develop digital products.

Digital business models being developed by chemical companies include
new ways of partnering with clients. In an industry where supply and
demand dynamics are critical, digital business models are also enabling
real-time demand forecasting and better logistics management. For
chemical companies, a connected supply chain is equally important
upstream and downstream. Digital sourcing connects chemical companies to
energy and raw materials, whilst digital customers are changing the
demand for chemicals.

Finally, eMarketing of chemicals is limited primarily to regions such as
China with fewer regulatory requirements concerning trade in chemicals.
In the rest of the world, the primary opportunity for chemical companies
is through innovative digital marketing initiatives.

Chemicals & Materials experts have brought together the company's
knowledge of all these domains, putting their insights into context for
chemical companies. The research also provides an overview of which
digital enabling technologies will be the most relevant to chemical
companies. In addition to this, many chemical companies are beginning to
formalise more coherent and connected strategies around the theme of
digital transformation. These companies are treating digital
transformation as a strategic driver of growth, and are beginning to
realise the potential that digital technologies offer.

The research therefore contains nine separate sections: enabling
technologies, seven domains in the chemical industry being affected, and
the concept of treating digital transformation as a strategic growth
driver. Each section is broken down into three parts: an introduction to
the concept or domain; how it is affecting the chemical industry; and a
case study of best practices in the industry. This growth insight,
therefore, provides chemical companies with an overview of how digital
technology is likely to affect their businesses. The year 2018 will be
critical for these companies and those with the most co-ordinated
digital strategies will reap the greatest benefits.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Digital Transformation in the Chemical Industry

4. Conclusions

5. Growth Opportunities and Companies to Action

6. The Last Word

7. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/q2mx6k/impact_of?w=4

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Topics: Chemicals