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Chemical industry

Procurement Challenges in the Chemical Industry : What CPOs’ Must Strive to Combat

The global chemical industry currently represents one of the largest worldwide interacting sectors delivering essential materials to several major industries including pharmaceuticals, agriculture, manufacturing and construction, and automotive. This is an indicator of the fact that any major changes in the chemical industry could also significantly affect these related sectors. Procurement is an unceasing challenge for companies across various sectors, and procurement in the chemical industry is no exception. In fact, procurement challenges are particularly pronounced for chemical sector companies. Implementing sustainable solutions is the way forward for CPOs in chemical companies to effectively meet critical procurement challenges.

Based on insights gathered from our industry experts, we have listed below some of the top procurement challenges faced by CPOs in the chemical industry.

challenges faced by CPOs in chemical industry.

Competition is extremely fierce in the global chemical industry. Although the chemical sector offers immense potential, it also poses significant procurement-related operational challenges for players in this sector. Suppliers may find it difficult to distinguish themselves amidst the cost pressures and increasingly complex organizational relationships. Furthermore, shortened value chains arising due to vertical integration and portfolio consolidation also builds new risks for purchasers in the chemical industry.   

 Maintaining compliant, efficient, and effective processes that drive growth is paramount for success in the chemical industry. Ensuring supplier excellence is the key to achieving this. It can be done through robust sourcing and vendor evaluation processes. Another key challenge that most CPOs face in the chemical industry is the lack of skilled workforce, capabilities, and localization that would act as a high-performing business partner. The success of procurement in chemical companies are also weighed down by the absence of a concise digital strategy or systems to support procurement business targets.

If your company offers multiple products, you will know that there are multiple facets to each of the products you are offering. As such, any change in market trends can have a significant impact on each of these aspects. Keep abreast of the changing market trends by partnering with us.

How Infiniti’s procurement market intelligence can help CPOs combat these challenges

Chemical industryCreating a competitive advantage by overcoming critical procurement challenges in the chemical industry requires clear insights into the market changes and effective strategies on how the company can adapt. Here’s what Infiniti Research provides for procurement officers:

Category market intelligence

With advanced market intelligence techniques, experts at Infiniti Research help CPOs and other key decision makers in chemical organizations to analyze and understand best practices for category-specific strategies and sourcing of chemical ingredients as well as raw materials. Our techniques can also support companies in the chemical industry with in-depth market knowledge and price benchmarks to create a competitive edge over other market players.

Demand planning and management

Infiniti’s demand planning and management solutions help procurement in chemical companies by providing critical insights on cross-functional optimization strategies and also pin-pointing capabilities to identify key cost-saving opportunities for companies in the chemical industry.

Supplier risk management strategies

Our team of experienced risk-management experts offer specific supplier management and evaluation insights that help organizations in the chemical industry explore various supplier-related risks and improve their decision-making process during supplier selection. We also help chemical companies for undertaking specific supplier assessments.

Industry best practices and competitive benchmarking

Leveraging new business processes, organizational approaches, and technologies are now becoming imperative for chemical companies to stay ahead of their peers in the market. As attempting to improve all aspects of the business processes at once could prove to be unfruitful, chemical companies can leverage solutions such as industry best practices assessment to benchmark and implement the best practices for sourcing and product development. Our solutions can help companies to improve time to market, reduce costs, and respond appropriately to new product or service launches.

Don’t let unforeseen events hamstring your business growth! Learn how your business can leverage the right opportunities and level complex market challenges using our solutions.

German chemical industry

Gaining Profitable Growth in China’s Chemical Market: Imperatives for International Chemical Companies

China’s chemical industry overview

Although the economic expansion in China has slowed down over the past few years, it still remains a key growth market for most global chemical companies. Industry experts believe that over the next decade, China will continue to be one of the major importers of commodity chemicals. Furthermore, international chemical companies have advanced and more sophisticated products that can support the further stages of China’s economic development. However, international companies in China’s chemical sector have new challenges coming their way. Companies in China are increasingly moving out of low-profit commodity segments towards more sophisticated sectors. They are also enjoying several home-player advantages in the highly competitive market. In this article, chemical industry experts at Infiniti Research provide an outline of the moves that international chemical companies must make in order to continue capturing profitable growth opportunities in China’s chemical market. International chemical companies that want to create a place for themselves in China’s chemical market must align their products and business models with China’s evolving needs, learn how to access the shifting demand, and strategize to expand and strengthen their base in this market.

Irrespective of the industry, entering a new market is highly challenging with several unforeseen risks that could prevent the company from sustaining in that market. Request a free proposal to know how you can partner with us to leverage our market entry solutions and bolster your business growth in a foreign market.

Chemical companies

 Adapt to the market’s changing needs

There will be a continued demand growth for chemicals in China. But the areas of opportunity in the country’s chemical market appear to be increasingly nuanced, due to which chemical companies must take measures to adapt and align their strategies accordingly. One approach to achieve this is by focusing on the company’s products that match up with China’s chemical industry needs and what the Chinese state is promoting. The chemical industry is a catalyst to promote growth in various strategic industries such as electric vehicles, new energy technologies, and civil aviation that the Chinese government wants to nurture growth globally. As such, this opens new windows of opportunity for international chemical companies to become China’s trusted partners in native innovations in industries that have government backing. International chemical companies can also work closely with government bodies in China to form product specifications based on the changing standards or rules in the region. This could prove to be a new growth driver for chemical companies.

Want to know more about the future of chemical manufacturing and the key factors that could alter the way chemical companies do business in the future? Request for more information from a chemical industry expert.

Manage stakeholders proactively

Chemical companies that want to sustain and grow their business in China’s chemical market must work and maintain positive relations with several stakeholders. This includes stakeholders across the country’s business and regulatory landscape. New plant launches and product approvals especially in regulated product categories require comprehensive rounds of approval from government authorities as well as state-run research institutions. Therefore, it is vital for international chemical companies to ensure proactive stakeholder management. Successful chemical companies are even going to the extent of hiring government-affairs teams to identify the key stakeholders in all areas that are related to their business operations in China. These teams understand stakeholder concerns and work on ways to address them in time so that hinderances to the company’s project can be avoided.

Choosing the right distribution partners

Businesses in China are generally heavily relationship-driven. As a result, it is vital for international chemical companies to have a local presence especially in new markets and business verticals. To gain a better foothold in China, chemical companies must focus on building a distribution partner network through which they can get to customers with ease and provide unique offerings in the highly competitive marketplace. Having the right distribution partners are critical as relationships, dependability and ethics vary sharply among different players in the market.

Get in touch with an expert to learn more about our solutions for chemical companies.

Chemical market intelligence

Enhancing ROI by 31% for a Chemical Company with Infiniti’s Chemical Market Intelligence Engagement

Chemical Market Outlook

As the chemical industry contributes to every manufactured product in one way or the other, the industry is poised to witness positive growth. Despite the positive outlook, the companies in the chemical industry still encounter several severe challenges. Some of them include the volatility of raw material cost, the increasing number of recalls and quality audits, and the competition from new market entrants. In order to succeed, chemical companies will need to address these challenges and harness untapped market potential. This is where companies realize the importance of leveraging chemical market intelligence solution.

With increasing competitive pressure from new market players, companies in the chemical industry are facing huge challenges to stay relevant in the market. Request a FREE proposal to know how our market intelligence solution can help companies in the chemical industry to understand the industry’s fluctuating dynamics and stay ahead of their competitors.

Business Challenge

The client is a chemical company based out of San Francisco. The client wanted to understand the prevailing market dynamics in the European chemical sector to devise an informed expansion strategy. Also, the client wanted to gain detailed market insights, identify the best route-to-market, and analyze the competitive landscape. To do so, the client approached the experts at Infiniti Research to leverage their expertise in offering chemical market intelligence solution.

With Infiniti’s chemical market intelligence solution, the client also wanted to:

Adapt to unexpected market changes

The increasing volatility in raw material cost, exchange rates, and tariffs created a dynamic environment in the European chemical market. With the aid of Infiniti’s chemical market intelligence engagement, the client wanted to understand the demand and sales potential for their chemical products in the Europe. Also, they wanted to stay abreast with all market changes and adapt to all the unexpected transformations.

Incorporate new technological innovations

The client noted that various technologies such as IoT and Industry 4.0 are highly transforming the operations and processes of chemical companies in Europe. With Infiniti’s chemical market intelligence, they needed to identify technological innovations and trends in the European chemical market. In addition, with Infiniti’s chemical market intelligence, they also wanted to streamline their operations to reduce overhead expenses.

Our chemical market intelligence solutions can help chemical companies to track emerging market trends and regional market developments to quickly adapt to the evolving market requirements. CONTACT US today to leverage our market intelligence solution.

Solutions Offered

As a part of the chemical market intelligence engagement, the experts at Infiniti Research conducted a market opportunity assessment. This phase of the chemical market intelligence engagement helped the client to evaluate the prevailing market dynamics of the European chemical industry, European chemical market size, and chemical market growth rate. Also, the client was able to evaluate the potential demand for chemical products in the Europe.

The chemical market segmentation approach conducted as a part of the chemical market intelligence engagement helped the client to segment their target customer groups and devise personalized strategies to attract them.

Also, the trend analysis engagement conducted as a part of the chemical market intelligence engagement helped the client to identify chemical market trends and latest innovations. In addition, with Infiniti’s chemical market intelligence engagement, the client was able to understand exchange rates and tariffs and efficiently forecast the average sales potential.

Results Obtained

Infiniti’s chemical market intelligence engagement supported the client in devising an informed expansion plan. Infiniti’s chemical market intelligence solution helped the company to withstand unexpected fluctuation in the market, enhance inventory planning, and increase reliability across operations. Also, by streamlining their business processes, the client was able to enhance their ROI by 31%.

Request for more info to know how our market intelligence solutions can help companies across other sectors.

Chemical market analysis

Navigating Complexity for Specialty Chemical Companies: 8 Major Roadblocks and How to Over Them

With plummeting profitability and increasing market competition, specialty chemical companies are undergoing several unique challenges. They must identify strategies to pull through such roadblocks in order to survive in the long run.

The global specialty chemicals market continues to expand at a rapid pace. This growth has been underpinned by factors including increased productivity, sound business models, and portfolio restructuring. However, market growth isn’t exactly good news for the existing companies in the specialty chemicals industry. The flourishing market means that it would draw in more players and add on to the competitive pressure in the industry. Therefore, survival for specialty chemical companies greatly depends on understanding the most pressing challenges and leveraging insightful strategic planning to overcome them.

Key challenges facing specialty chemical companies 2019

specialty chemical companiesChanging business portfolios

Specialty chemical companies are increasingly being transformed through increasing product diversification and rapid merger and acquisition activities. Business portfolios of specialty chemical companies are constantly changing as producers add and dispossess divisions, engage in new market entries, and participate in mergers. Moreover, globalization has increased the business portfolio complexity of specialty chemical companies.

Dynamic demand patterns

One of the key challenges faced by specialty chemical manufacturers is uncertain and unpredictable demand patterns. They also have only limited visibility into future customer orders. The growing customer portfolios spanning over several end-use markets and visibility into demand variability represents significant challenges for specialty chemicals manufacturers.

Specialty chemical companies are currently facing several unique challenges. Fortunately, there are some strategies that specialty chemicals producers can take to support success. RFP for more insights.

Expanding product portfolios

In order to increase differentiation, strategize new market entry, and maximize customer loyalty, specialty chemical companies are continuously experimenting with new product innovations. New product introductions coupled with frequent adaptation of existing products have caused a significant rise in the number of products produced, consequently, leading to greater operational complexity.

Regulation and compliance

Specialty chemicals manufacturers are increasingly facing issues in documentation and certification of product quality and procedural compliance. These issues are largely driven by government regulations, end-use market requirements, or specific customer requirements. Furthermore, batch and lot level traceability requirements are becoming common in several segments and add to the complexity of operations.

Increasing customer intimacy

Specialty chemical companies are increasingly adopting the trend of moving closer to their customers by offering them tailored products and customer-specific service arrangements. Although moving closer to the customers has been a source of differentiation for specialty chemical companies, it has resulted in increased complexity of other business operations.

Get in touch with an analyst to know how we help clients in the chemical industry to keep track of market challenges and learn how our tailor-made solutions can help overcome major roadblocks in the market.

Industry price changes

The raw materials used by specialty chemical manufacturers are often priced on the higher side. The market fluctuations between countries often leave manufacturers vulnerable to the associated price drops. For instance, the 2014 shale gas price drop in the US resulted in heightened competition in Europe. This placed additional pressure on manufacturers in an already high-pressure market.

Growing demand for multi-stage manufacturing

Customers are increasingly seeking specialty chemicals that can only be produced through complex, multi-stage, multi-product processes that require more time to complete and an extensive list of components. Both of these can largely cut into the profit margin of specialty chemical companies.

Technology upgrade requirements

Most of the digital technology available today can be both a boon and a bane for specialty chemicals companies. While tools like IoT, artificial intelligence, and blockchain provide several advantages, implementing and integrating them into existing processes can be a time consuming and labor-intensive process.

Learn more about Infiniti’s tailor-made solutions for specialty chemical companies

venture capital

How can Chemical Engineering Save the World from Climate Change?

The climate change phenomenon has been lingering around for a long time. Specific human activities have contributed to the increasing concerns of climate change, which is often referred to as global warming. The release of greenhouse gases has caused the average global temperature to rise by about 1°C since 1880. It may not seem a lot, but it has caused the Antarctic ice sheets to melt, and raise the sea level by about 12 inches in the last 50 years. The citizens of today need to be more cautious with greenhouse emissions and chemical wastages to control global 123warming. So how can chemical engineering contribute to the environment and save the world from climate change?

Energy efficiency

One of the easiest way to control emissions is to do more with the same amount of input. A majority of the energy produced today is wasted in the form of heat, water, or other emissions. The chemical sector being the most energy-intensive needs to take initiatives to improve energy efficiency. Chemical engineering can figure out ways to improve the overall efficiency within the chemical industry.

Renewable energy

The chemical industry currently has a large carbon footprint, which is negatively impacting climate change. A straightforward way to reduce such carbon footprint is the use of renewable energy in the form of solar, wind, and water. However, the problems with such renewables is the matter of cost-efficiency as such technologies have an enormous upfront cost. Chemical engineering can solve such problems of cost efficiency by working on ways to produce low-cost renewable energy sources. For instance, using spray-on solar cells can improve its ability to capture and retain more energy than usual.

Nuclear energy

Nuclear energy is also considered to be a renewable source of energy and has been contributing towards decarbonizing the global energy economy. Its ability to provide power on a continuous basis without emitting greenhouse gases is proving vital in controlling climate change. Chemical engineering plays a vital role to ensure smooth operation of a nuclear power plant as they ensure efficient plant design, standards of safety, and higher environmental performance.

Energy storage and grid management

There’s a lot of factors to consider in the process of efficient power distribution. The process starts right from energy generation and extends till storage and distribution. In case of solar and wind energy, peak performance occurs at certain times, and such energy should be stored in batteries. Improving the efficiency of such batteries can translate to improved power management. The chemical engineering sector is making progress in the development of efficient batteries, which waste less energy during conversion and has higher storage capacity.

Sustainable food

Although it looks innocent, the food and agriculture sector is one of the largest contributors towards greenhouse gas emissions. The emissions come from livestock such as cows, rice production, and agricultural soil. Livestock accounts for the majority of the emissions, with the release of methane and nitrous oxide in the atmosphere. Chemical engineering can come to the rescue by designing fertilizer in a low-energy way, reusing food waste, and making food production more efficient.

Sustainable bioenergy

As the world gets depleted of their fossil fuel reserves, scientists start looking for alternatives, of which biotechnology seems very promising. However, certain challenges need to be overcome to produce energy from food crops like maize and sugarcane. To save the world from climate change, we need to turn towards chemical engineers to develop efficient technologies and make bioenergy production cost effective.

For more information on how chemical engineering can save the world from climate change, chemical engineers, and greenhouse gas emissions:

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Related posts

12 Principles of Green Chemistry Explained

Chemicals are usually looked upon with an evil eye in the modern world. People are worried about environmental safety and health issues that are brought about by harmful chemicals. In addition to that, chemical companies themselves are struggling when it comes to the safe disposal of toxic substances and leakages. It comes as no surprise that people all over the world prefer organic goods in a bid to avoid such harmful chemicals. However, the truth is that chemicals are omnipresent, and cannot be avoided, as it essential in the manufacturing of infrastructure, electronic devices, household items, and even the food we consume. As a result, the concept of green chemistry has emerged to soften the impact of harmful chemicals on the environment and human health. Green chemistry or sustainable chemistry focuses on designing products and processes that minimize the generation or use of hazardous substances. It is different from environmental chemistry as it focuses more on technology to prevent pollution and reduce the consumption of non-renewable resources.

Principles of Green Chemistry

12 Principles of Green Chemistry

Prevention

The saying “prevention is better than cure” is true not only in the healthcare industry but also the chemical industry. It is essential in green chemistry to design processes that reduce wastages as it is better to prevent it in the first place than to treat or clean up the waste after its creation.

Atom economy

All chemicals in green chemistry are a result of reactions at an atomic level. So by figuring out the atoms that are incorporated into the final product and the atoms that are wasted, the efficiency of the reaction can be increased. Manufacturers need to measure the atom economy percentage, which can be calculated by analyzing the formula weight of the atom utilized and all other reactants.

Atom economy = (FW of atoms utilized/FW of all reactants) X 100

To drive profits, organizations need to head forward and embrace new techniques and processes to unlock their hidden potential. Do you agree?

If yes, leverage Infiniti’s solutions to create a competitive advantage.

Less hazardous chemical syntheses

This principle outlines that wherever applicable, synthetic methods should be used since they possesses little or no toxins that affect the environment or human health. The chemical industry may face difficulty in implementing this green chemistry principle as chemists usually work with highly toxic substances that have no substitute. However, it can be practiced by paying attention to the materials used for bring about chemical transformation.

Designing safer chemicals

Players in the greeb chemistry chemical industry should strive to reduce the toxicity of their final product without compromising on their functional efficacy. The green chemistry chemical industry often prefers highly reactive chemicals as they affect molecular transformation. However, it may also react with unintended elements in the environment or humans.

Gain data-driven insights to deliver profitable results by leveraging Infiniti's solutions. Request for more info!

Safer solvents and auxiliaries

Avoiding the use of auxiliary substances like solvents and separation agents whenever possible is one of the most important principles of green chemistry. Although reactions may not proceed without the use of solvents or mass separation agents, players in the green chemistry chemical industry can opt to use safer auxiliaries.

Design for energy efficiency

Chemical companies should design their products to consume less energy to decrease the overall environmental and economic impact. Green chemistry can be achieved by using synthetic methods at ambient temperature and pressure. Improving the green chemistry energy efficiency in the chemical manufacturing process will reduce the dependency on fossil fuels.

Use of renewable feedstocks

Although the concept of producing fuels and chemicals from feedstocks that never deplete seems impracticable, it is not entirely impossible. This green chemistry principle can become a reality due to developments in biotechnology, physics, agronomy, toxicology, and engineering. As a result, in green chemistry it allows chemical companies to use a renewable raw material or feedstock.

Reduce derivatives

To abide by the principles of green chemistry, chemical companies should avoid or reduce the use of unnecessary derivatives including blocking group, protection, and temporary modification of chemical or physical properties. Using such derivatives will require additional reagents further in the manufacturing process and generate additional waste.

With our solutions, deliver better business results despite the challenging circumstances in your market. Request for a free proposal!

Marketing Strategy

Why a Robust Marketing Strategy is Essential to Sustain Yourself in the Chemical Industry

Marketers often come up with hundreds of marketing ideas for FMCG or any consumer-facing brands. The same managers will often struggle to bring about many such ideas when it comes to B2B marketing. Such limitations are caused by the finite number of channels available for promotions and advertisements. Marketing gets even tougher when it comes to the chemical industry due to stringent regulations, product diversity, and globalization.

However, marketing strategy is essential for chemical companies for their survival and global expansion. Product differentiation can be hard to achieve as all chemicals are usually made up of same components, and their content is usually mentioned in the packaging itself. Consequently, players in the chemical industry have to look at a innovative marketing strategy to compete in the regional as well as global market.

Strong branding

Branding is a critical part of the marketing strategy for not only consumer goods, but also in B2B communication. Although consumer brands spend millions of dollar in developing brand awareness, marketing industrial products doesn’t need the same kind of commitment.

Customers in the chemical industry are ready to switch brands if they get the chemically equivalent product. Chemical companies need to fight hard to create a unique brand-name in the market. Delivering quality product consistently and providing support and consultancy can help build a reputable brand name. As a result, branding is highly dependent on pricing and performance of the supplier. This is the reason why buyers aren’t hesitant to purchase from established brands such as BASF SE, DuPont, and Dow Chemicals.

Direct Sales

Since chemicals are a complex commodity, there’s a lot of information that needs to be conveyed to a prospective customer before finalizing a sale. Mass marketing mediums don’t work well as it can only communicate a limited amount of information.

Consequently, a strong sales team is required to persuade the client to purchase by presenting company’s superior product portfolio. It is essential that all members of the sales team are on the same page with each one of them trying to promote the same key product delivering similar messages. The role of a salesperson is more consultative in nature as they try to suggest the right product that will fit customers needs. Additionally, providing samples and demonstration can increase the possibility of sales.

Offering multiple service levels

Although most chemical components will have similar pricing across all suppliers, the price varies because of additional service provided by the supplier. In a bid to exhibit pricing competitiveness, chemical companies can offer multiple service levels at different price points rather than bundling the same service across all products. For instance, companies can include only essential services with their standard products and use automation to lower costs.

Online presence

There’s a saying that’s gaining prominence in the world of digital marketing which goes, “Your business does not exist if it’s not there on search.” Today, a vast majority of new players and companies who are looking to expand rely on Google and other search engines to identify capable suppliers. They do their groundwork in terms of product offering, pricing, and other services. Thereby, becomes essential for chemical companies to have a functional website with a good search ranking and all the relevant information which are required by the customer.

They can also bolster their online presence using search engine marketing (SEM) and native and display advertisements. A mix of traditional and online marketing often delivers impressive results. Additionally, social media can also be leveraged to generate brand awareness. Recently, many companies have utilized YouTube videos to share their B2B success stories and convey their product capabilities.

For more information on innovative marketing strategy creation and brand awareness, request more info.


IPTV Service

The Chemical Industry in the US – How Strong is its Export Scene?

According to the recent export import data, the chemical industry in the US has recorded an upward trend afteAsk an analystr a long hiatus. The positive trend in the chemical industry can be attributed to various factors such as the growth in the Asian economy, increase in usage of shale gas, easy availability of cheap feedstock, and rising number of M&As across the globe. The chemical industry in the US is largely responsible for the increase in the export volume for ethane, resulting in the growth of the overall industry. The US chemical industry is slowly recovering from the oil price fluctuations. The industry leaders have predicted a significant increase in exports for the US chemical market due to the commoditization of bulk chemicals and the surging demand for specialty chemicals. Much of the industry’s growth will be driven by the sub sectors such as agrochemicals, high-performance chemicals, and specialty chemicals along with low priced and abundant amounts of gas supplies.

Increasing Exports, Decreasing Imports – the US Chemical Industry

The US chemical industry is reducing its import volume by increasing domestic production capacity; thereby, becoming self-reliant and focusing on the production of export worthy commodities. The favorable policies for domestic production and manufacturing under the Trump administration, help the chemical industry to achieve self-sufficiency and predict healthy earnings for differentiated and specialty chemical producers. From a procurement perspective, the increase in domestic production will result in a rise in market entry opportunities. By developing the domestic production capacity, the US can drive export revenue and re-establish itself as one of the major players in the chemical market across the globe.

What’s Transforming the Global Chemical Industry? 

The chemical manufacturing companies must adopt these trends to strengthen their market position and increase their market position globally. Trends such as evolving regulatory landscape, mergers and acquisitions, digital transformation, and an increase in investments are transforming the global chemical and petroleum industry landscape. These trends have positively impacted every business process and activity right from production, compliance, and operations. The growth in demand and the sudden surge in the market competition has coerced the chemical manufacturers to adopt advanced technology, thereby streamlining process efficiencies, minimizing costs, and improving product quality.

To know more about the chemical industry in the US

Leather Chemicals Industry: On the Path of Sustainable Development

With sustainability being the new ‘trend’ in industries across various business verticals, it is only natural for the leather chemicals industry to look for ways in which it can go eco-friendly. The extensive growth of this industry is mainly due to increasing demand from the automotive sector followed by the footwear industry. Perhaps this is why it becomes even more important for players in leather chemicals industry to align their growth goals with sustainability.

Leather chemicals and environmental issues

The rawhide undergoes several chemical processes to turn into a durable product. Tanning and dyeing chemicals, along with beam-house and finishing chemicals add resilience to leather products. However, these very chemicals also play a vital role in increasing the overall carbon footprint – which is why major companies in the leather chemicals industry are looking for environmental friendly substitutes.

Leather chemicals and sustainability: On the path of green leather making process

Prominent names in the industry like LANXESS, BASF, and Stahl Holdings are working towards attaining a future-oriented leather production system. Sustainability is the crux of every future growth plan. Keeping this fact in mind, manufacturers are adopting eco-friendly substitutes for the hazardous chemicals without compromising on the quality of their products.

For instance, the German chemicals giant BASF found in one of its R&D projects that beam-house processes produce less carbon footprint as compared to the re-tannage process. Similarly, powder products can be substituted by liquid products to bring down the negative impact on the environment.

Another vendor LANXESS has begun the Sustainable Leather Management initiative to systematically address the challenges in the entire value chain of the leather chemicals industry. Use of biopolymers as re-tanning agents, adoption of organic wet white technique, and water-based pigments to enhance the finishing of the leather goods are some of the sustainable practices being undertaken by the company.

Infiniti’s take

Switching to sustainable production processes has become a necessity for every business. Being one of the highest contributors of GHGs, major manufacturers of leather chemicals are proactively looking for planet-friendly technologies to enhance their products. Tools to measure carbon footprint along with certifications from government agencies will encourage higher adoption of green solutions in the leather chemicals industry. ECO2L is one such tool which determines the corporate carbon footprint of a tannery.

medical device companies

Competitive Assessment Study on Filter Plates and Membranes Helps a Leading Manufacturer Assess the Market Shares of Top Global Players

Filter plates are primarily used for applications requiring liquid-solid separation, such as mining and mineral processing, chemical manufacturing, paint and pigments, and wastewater treatment, among others. Quality, higha2 durability, and precise specifications are the key attributes of filter plates and filter membranes as they are mostly used in specific industrial applications. A comprehensive range of plate types and materials including recessed filter plates, membrane plates, vacuum membrane filter plates are available for different types of industrial applications. Filter membranes are used to reduce the cake moisture content or shorten the filtration cycle time. There are two types of membrane plate designs – fixed membranes and replaceable membranes.

Filter membranes are typically used for both liquid and air filtration as they offer precisely controlled pore size distribution with increased strength and flexibility. This makes them well-suited for a broad range of applications such as basic research, environmental testing, and pharmaceutical as well as food and beverage industries. Moreover, standard and custom filter plate designs and filter press plates help improve cake dryness and washing efficiency to help combat abrasive conditions.

The Business Challenge

To obtain a precise understanding of the current and future market scenario and assess the market shares of topcapture global players, the client – a leading manufacturer of extruded and pressed thermoplastic materials for various industries – approached Infiniti to carry out a competitive assessment study on filter plates and filter membranes across the target region. The primary focus of this competitive assessment was to assess the size and growth rate of the market and to offer an in-depth analysis of the market trends, growth drivers, and the key challenges and their impact on the market size.

The scope of this competitive assessment involved offering actionable insights to the client on the market segments and understand market attractiveness in the respective segment to strategize the company’s growth plans across the target end-user segments – mining and minerals industry, chemical industry, food industry, and pharmaceutical industry. Additionally, our industry experts also offered an analysis of the key competitors to help the client gain a holistic overview of all the market-leading companies and their market size, product portfolio, target regions, and sales and marketing strategies. Infiniti’s experienced competitive assessment team conducted interviews and discussions with market stakeholders across the business landscape and value chain of the industrial filtration products market to access relevant information and insights, and ensure accuracy of the data.

Why Infiniti Research is the preferred partner for more than 55 Fortune 500 Companies

 

Infiniti Preferred Partner Graphic EditedSolution Offered and Business Impact

An experienced team of competitive assessment experts was assigned to this engagement to help clients gain an in-depth understanding of the overall filter plates and membranes market and analyze the various factors affecting theCapture2 growth of the market. To address the client’s specific category requirements, Infiniti’s competitive assessment team followed a comprehensive data analysis methodology consisting of qualitative and quantitive analysis. The information gathered through this process was utilized to design an analysis framework using multiple data analysis tools and software packages and implement a framework to gather valuable insights. Furthermore, after a thorough assessment of the relevance, efficiency, and impact of the gathered information, valuable insights were derived on the market’s growth prospects across the target region.

The experts also used a combination of multiple research methodologies of secondary research for building initial hypotheses and identifying key market stakeholders and business executives for primary research. Moreover, the research experts also referred to a broad range of public and proprietary databases through our network to obtain, organize, and analyze relevant published information, and develop contact details of market stakeholders. Secondary research also involved reviewing an extensive array of market research reports, white papers, magazines and publications, annual reports, websites of competitors, company publications, case studies, journals, news aggregators, and industry forums to obtain, organize, and analyze relevant published information. Additionally, to offer a detailed assessment of current and emerging market trends, our competitive assessment experts conducted interviews and discussions with market experts, business executives, and stakeholders from the filter plates and filter membranes market.

By the end of six weeks, the client was able to gain a clear understanding of the market across the target regions. Additionally, the client also derived numerous benefits in terms of understanding the target segment, the target regions, and the competitive landscape of the filter plates and filter membranes market.

Benefits of Our Integrated Approach

In a relatively short duration of six weeks, the client saw clear benefits from our relationship. The competitive assessment helped the client gain a complete overview of the current market scenario, including market size, trends, drivers, and challenges associated with filter plates and membranes. Additionally, with a better understanding of the competitors and their growth strategies, the client was able to devise a conducive strategy to benefit in terms of ROI.

Here are some of the key points appreciated by our clients

  • Dedicated Market Assessment Portal. A centralized platform for the collection, storing, processing, reporting, and dissemination of information with the specific purpose of assisting the decision-making process and developing actionable insights. This portal offers competitive assessments on quantitative and qualitative aspects on target markets, competitors, and end-users.
  • Collaborative learning. We leveraged the experience of our healthcare team and our technical capabilities to enable report-sharing and other collaborative features appreciated by client teams.
  • Database Access. Access to a patient database containing information about 60+ medical diseases and conditions, such as patients undergoing treatment, untreated patients, and patients with chronic conditions.
  • Interactive Dashboard. Using our portal-based solution for business professionals, we took a design-first approach to problem-solving and helped break through previously held assertions.
  • Value for Money. Infiniti’s dedicated competitive assessment team customizes reports to suit business requirements and offers the best insights for every dollar spent.

 

A must-read competitive assessment case study for strategy experts and decision makers looking to develop effective market entry strategies for filter plates and membranes.

 

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