Middle East 2023 Top 5 Trends to Watch in Chemicals

Middle East 2023 Top 5 Trends to Watch in Chemicals

2022 Round Up

2022 marked another volatile year in the chemicals industry across GCC. While the industry witnessed a rebound in demand after the pandemic, new challenges emerged in the form of high raw material costs, geopolitical turbulences and continued supply chain disruptions.

Top 5 Trends to Watch in 2023

  1. Investment in Circularity: Circular economy remains at the forefront with increasing focus across the value chain, including product design and recycling infrastructure.
  2. Focus on Value Addition: Embrace transformation through diversification; focus on value-added chemicals, evident through initiatives stemming from Vision 2030.
  3. Carbon Footprint Reduction: Lower emission pathways, such as carbon capture and sequestration, as well as alternate fuels like hydrogen, gain rising importance.
  4. China’s Rising Self-Reliance: Increasing self-sufficiency in China, a key trade partner, will result in the development of various end sectors, bringing new localization opportunities.
  5. Digital Transformation: The gap in the implementation of digital technologies will reduce, and there will be investments in improving supply chains, productivity and customer experience.

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About Diya Menon, Consulting Manager - Chemicals Materials Practice, Frost Sullivan MEASA

Diya has over 11 years of industry experience, focusing on growth opportunities, geographic expansion, product diversification and new product launch support, among others.

She has an experience base covering a broad range of sectors within the Chemicals Materials sector, leveraging long standing working relationships with leading industry participants Her specific domain expertise spans along basic chemicals, intermediates, specialty chemicals and polymers

Diya has a deep understanding of the chemicals supply chain, growth areas and issues affecting the industry She has been an active partner to the GPCA authoring multiple articles related to the Chemicals sector in the region.

Diya Menon, Consulting Manager - Chemicals Materials Practice, Frost Sullivan MEASA

Diya has over 11 years of industry experience, focusing on growth opportunities, geographic expansion, product diversification and new product launch support, among others.

She has an experience base covering a broad range of sectors within the Chemicals Materials sector, leveraging long standing working relationships with leading industry participants Her specific domain expertise spans along basic chemicals, intermediates, specialty chemicals and polymers

Diya has a deep understanding of the chemicals supply chain, growth areas and issues affecting the industry She has been an active partner to the GPCA authoring multiple articles related to the Chemicals sector in the region.

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