Chemical companies grow by reducing chemical use and costs
October 21, 2009
Proving that less really can be more, Chemical Management Services (CMS) providers saw over 30% revenue growth per year from 2006-2008 by helping their customers significantly reduce their chemical use, waste, and emissions. According to the CMS Industry Report 2009 and Business Wire, the CMS industry not only reported revenue growth, but projections indicate the global market will more than triple in the next 5 to 10 years. The estimated current market in the NAFTA region is approximately $1 to $1.2 billion. According to the report survey data, customers have realized hard savings as high as 40 to 50 percent in the first year of their CMS program, and continue to see savings five to ten years into their program. The customers surveyed for the report represent diverse industries and companies, including Intel Corporation, Lockheed Martin Corporation, Chrysler Group, Delta Air Lines, Ford Motor Company, Delphi Corporation, United Technologies Corporation, Pacific Gas and Electric Company, among others. In the last five years, customer adoption of the CMS model has expanded from five to nine global regions, with the greatest international activity in Western Europe, Mexico, Canada and the People`s Republic of China. Support is growing among government agencies, including the US Environmental Protection Agency (EPA) as well as agencies in Korea and the United Kingdom that are promoting CMS as an innovative strategy for green growth.