From: Scenarios for the future of the European process industry - the case of the chemical industry
Factors influencing future developments | Heinzelbecker [15] | KPMG [7] | Deloitte and Cefic [20] | ATKearney [21] | Accenture [3] |
---|---|---|---|---|---|
Shift of chemical production and demand to Asia and the Middle East | Yes | Yes | Yes | Yes | Yes |
Increasing cost pressure and (oil) price volatility, esp. on commodities | Yes | Yes | Yes | Yes | No |
Volatile business environment | No | No | No | Yes | No |
Moving down the value chain | No | Yes | Yes | Yes | Yes |
Pressure to innovate products, services, manufacturing technologies and business processes | Yes | Yes | Yes | Yes | Yes |
Shifting R&D to Asia; global diffusion of market and technology knowledge | No | No | No | Yes | Yes |
Domestic advantage of European companies continues | Yes | Yes | No | Yes | Yes |
New market players from the Middle East and Asia, state-controlled companies due to access to cheap raw materials | No | Yes | Yes | Yes | Yes |
Consolidation of chemical industry by mergers and acquisitions and alliances | Yes | Yes | Yes | Yes | No |
Increasing demand for customer-specific solutions | No | Yes | No | No | Yes |
Sustainability-orientation | Yes | Yes | Yes | No | Yes |
Focus on asset utilisation and core competencies | Yes | Yes | No | Yes | Yes |
Maintaining know-how and attracting talent | No | Yes | No | Yes | Yes |
Regulation and activism, e.g. in risks and safety | Yes | No | Yes | Yes | No |
Commitment to organic feedstock, substitution of oil-based products | Yes | Yes | Yes | Yes | Yes |