Almost every major industry, including construction, transportation, utilities, logistics, food and beverage, cosmetics, telecommunications, healthcare, and oil and gas, among others, make pragmatic use of chemicals and materials for manufacturing, production, sales, and marketing functions.
Rapid technological advancement in product innovation has led to a stage of successive growth of enhanced materials in the market. However, the industry is highly regulated due to the potential harm associated with the environment and people. Proper safety and handling are made a necessary pre-requisite for the market players as well as the employees. According to the Organization for Economic Cooperation and Development (OECD), there exists a critical need for safety control measures regarding the manufacturing of certain products, like: dyes, synthetic rubber, basic pharmaceutical products, perfumes and sprays, among others.
Analyses by BIS Research involve effective examination of commercialization and technological innovation of advanced chemicals and materials sector. Extensive market research has been undertaken by the team on transition metals market, engineering ceramics market, smart textile and e-textile market, metal finishing, pharmaceutical packaging, to name a few.
The bio-chemical market, as estimated by industry experts, is set to grow at a fast pace in the coming years.