Sustainability has played a key role in how chemical and materials companies develop their products. Chemical and material companies are placing significant efforts in R&D, investments, and partnerships with start-ups and universities, participating in consortiums, etc. to ensure that they abide by the emerging regulations focused on sustainability.
The changes in the downstream industries also dictate the evolution of regulations within the chemical and materials industries. The industries such as packaging, agriculture, automotive, cosmetics, construction, textiles, paints, and coatings have seen dramatic changes in their needs and requirements. Chemical and materials companies are looking forward to aggressively launching innovative products that are compliant with government-driven or industry-driven regulations.
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