Four ‘Mega Trends’ to shape chemicals, materials, food industry
LONDON — Green products like bioplastics, high demand for innovative chemicals and materials and industry consolidation will dominate the chemicals and materials industry across Europe, while weight management, heart and digestive health will be the high growth sectors in food and beverage markets, according to a new forecast from Frost & Sullivan.
The report presents the key perspectives on growth in the chemicals, materials and food Industry in 2012 and shows where the next growth opportunities are in many different sectors and in new geographies.
According to Frost & Sullivan, China, Brazil and Russia are the top priorities for construction and utilities players, while for transportation players the focus is on China, India and Brazil.
"The four Mega Trends of low carbon economy, health and wellness, functionality and performance, and globalization define the developments in the chemicals, materials and food industry,” Research Director Dr. Leonidas Dokos said. “The food, mobility and construction markets remain core developments for 2012 exhibiting growth overall driven by the emerging economies."