Rising consumer purchasing power, particularly in Asia, is driving demand for chemicals and the products made from them. At the same time, dwindling oil and gas reserves are fuelling the search for new feedstocks, such as biomass. The major challenge for the industry lies in helping the growing world population to maintain and improve its standard of living sustainably.
Over the last 25 years most of the chemical industry growth has shifted to the east, with Asia accounting for 50 percent of global sales. By 2030 around half of the top ten chemical companies will be from Asia or the Middle East, with Asian companies taking two-thirds of the market.
Pioneering products, particularly those that provide solutions relating to global megatrends – including shrinking natural resources, globalization, demographics and stricter regulation – will be the key to maintaining the industry’s momentum. It is anticipated that advances in areas such as biotechnology, fuel cells, environmental technology and intelligent materials will lead the way in meeting future needs globally.
Chemical production involves a complex series of processes, from heating, cooling and condensing to evaporation and separation. All of these need reliable heat exchange technology, which is where Grano comes in. Our robust heat exchangers are designed to withstand the rigours of chemical reactions, enabling critical processes to be completed safely and efficiently.