Echemi: Provide Chemical Products and Services to Global Buyers

After 10 years or more of economic growth, the global chemical industry is preparing for a possible global economic downturn. Concerns about the economic slowdown in the United States, the security of future energy supply, and the increasing regulatory burden in many regions have exacerbated the general impression that difficult times may still be ahead. In the past, this difficult period has often proved to be an opportunity for chemical manufacturer to take advantage of their advantages and maintain profitability through innovation. Although these opportunities have been fully elaborated in C & I and other publications, the potential threats have not been fully explored. Some of them seem obvious. For example, the impact of the current turmoil in global financial markets remains to be seen. Due to climate change, more and more regulations will be imposed on the industry. Of course, in the foreseeable future, the oil industry will have to endure high oil prices. However, many oth

In recent decades, most of the chemical and material industries have seen only gradual innovation, with growth mainly due to the expansion of new geographic markets, and rarely from product innovation. At the same time, the industry is also facing additional pressure due to higher consumer requirements for personalization, sustainability and efficiency, which forces the chemical and material industries to innovate their business practices. Lux research outlines the cases that have been used in the chemical and material industry in its latest report, the digital transformation of chemicals and materials, and looks forward to how digital technology will reshape the pattern of chemicals and materials in the coming decades. "Business process driven innovation in the era is a tight competition, not just the characteristics of the product itself - chemicals and materials companies compete for customer experience and ability to keep low prices up their operations," explains Katrina

The chemical industry is not a single industry. It is a group of industries that produce a wide range of products in many unique segments. Due to the rapid changes in digital technology, consumer demand and global competition, basic chemicals, paints, beauty products, spices and food seasonings are facing pressure. In the past, large producers dominated the market. These large manufacturers value operational efficiency rather than flexibility and adaptability. Today, this market is being challenged by niche market participants who are strongly focused on consumer demand. These chemical manufacturer has differentiated existing enterprises, producing smaller batches of products according to the needs of individual customers, selling services, experiences and achievements, and taking the lead in adopting digital technology at the core of their business. Big established companies and smaller emerging competitors face the same problems. As oil prices continue to fall, the rapid commerciali

For new chemical manufacturer , whether in countries with abundant raw materials or in emerging markets with high growth and low labor costs, their entry into the market is based on production, making use of their advantages of low cost basis to gain a foothold in the export market on the basis of price. This is a logical approach and a natural entry point. However, it often leads to the commercialization of the market and the strict attention to the lowest price. Therefore, it may destroy many values existing in the market, whether for new entrants or existing participants. There are countless examples of new low-cost chemical manufacturer lowering their prices below the level sufficient to ensure their foothold in developed markets, with a wide range of products, such as polyethylene terephthalate and fluorochemicals. Similarly, Chinese specialty chemicals are often sold to developed markets in North America and Europe through third parties according to specifications, which means th