Global sales of chemicals are worth $5.2 trillion. The US chemical industry exceeds $800 billion in shipments, employing 800,000 and producing over 70,000 different products.
96% of all manufactured goods are dependent in some way upon on the chemical industry.
However, the US industry is changing as China, India and other companies are positioned to overtake the US in production of industrial chemicals and US companies try to find ways to deal with US and global environmental mandates, trade/tariff issues and new laws.
US chemical companies find themselves needing to restructure into science and technology companies addressing chemical specialties such as biotechnology in chemical manufacturing, nanomaterials, sustainable chemistry and bio-materials.
By 2020, the Asia-Pacific region is projected to account for approximately 53 percent of global sales of chemicals. The shares of North America and Western Europe are projected to shrink to 21 percent and 15 percent, respectively, by 2020.
To succeed in this shifting landscape, chemical companies need to focus their strategic efforts in four (4) key areas:
The Industrial Chemicals industry model set consists of Enterprise, Business Area, and Data Warehouse logical data models specifically developed for companies producing and selling industrial chemical products.
The Industrial Chemicals data models provide a comprehensive data architecture supporting refining / manufacturing, marketing, transportation and sales of industrial chemicals.
|International/Multiple Product Identification||Business Metrics|
|Manufacturing||Alerts & Recalls|
|Forecast||Transportation & Shipping|