Sustainable growth, the rise of the bio / chemical industry
Bio / Chemistry
Now
- Face limitations on the petrochemical industry
- Climate Change & Strengthening of Environmental Regulations
- Import dependence on raw materials
Future
- Sustainable Green Growth
- Increased demand for biochemicals
- Raw material supply – Need to establish integrated production system
Challenge
Forecast
The biochemical industry accounts for 50% of the overall chemical industry market by 2050.
(Source: 2013, Frost & Sullivan “Emerging Trends in Bio-chemicals Report”)
As the global strategic alliance is strengthened, the necessity of integrated management of production manufacturing process for stable supply of raw materials will increase.
Automation of Manufacturing by linking facilities and production efficiency using big data are essential