Multinational chemical companies discuss future trends in the chemical industry market and key factors for sustainable development

[Global Coatings Network News] On March 23, at the 30-year-old seminar of AICM, leading figures from multinational chemical companies such as Air Liquide, Celanese, Cabot Corporation and LANXESS gathered to discuss the future The chemical industry market and key factors for sustainable development.

The guests at the seminar agreed that the government’s environmental improvement and supply-side reforms will promote the upgrading of the chemical industry and the dynamic changes of the market in the next three or two years.

A new round of technological innovation evolution: basic technological innovation-technological application innovation-business model innovation-a new round of basic technological innovation cycle, which has basically been completed in the past ten years.
Continuing to focus on innovation and technological innovation is not only good for society, but also good for global markets and investors.
As we all know, the recent "environmental protection storm" has had a huge impact on the chemical industry.
Celanese Global Vice President and Managing Director of Greater China and Korea, Wu Xianliang believes that as the Chinese government continues to advance supply-side reforms and ecological environmental protection, China's chemical industry is facing upgrading and a new round of changes.
We predict that the market will change a lot in the next three years.
Environmental protection-related actions have a great impact on factory operating rates, raw material prices, and the trend of corporate mergers and acquisitions.
This impact may become a new normal in the next few years.

The meeting concluded that technological innovation, product segmentation and digitization are important factors for the sustainable development of the chemical industry.
It covers upstream materials, manufacturing and product life cycle end.
At the same time, cost-benefit optimization not only refers to production, but also includes the circular economy and more environmentally-friendly technological innovations involved in the industry.
This is where the advantages of multinational chemical companies represented by AICM are and are keen to contribute to the industry.