a report by roland berger said that the global chemical output value will grow from current two trillion euros to five trillion euros in 2030. china and india will see the biggest growth rate, while the growth rate of north america and west europe will stand at only 2 percent per year. the center of the chemical industry will further be shifted towards asia. currently, the capacity of asia’s chemical market accounts for 43 percent of the world’s market.
the report forecasts that with the improvement of asia’s competitiveness in the chemical industry and growing shortage of raw materials, profit margins of chemical companies will become smaller and smaller. only those enterprises that can adopt new modes and unceasingly innovate to adapt to new situations can be endowed with more opportunities to succeed in the competition.
