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India’s Chemical Industry and the Data Challenge

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The chemical industry is in the middle of a transition phase where Asia has emerged as the new global supply center. While this offers a sea of opportunity for emerging markets like India and the Middle East, the chemical suppliers in India must address some key issues to ensure uncompromised efficiency. The primary among these is data management. Why Data Management Matters? A robust data management practice contributes significantly to reducing errors and multiplying efficiency. In the digital age, data is instrumental in improving business health. Organizations or companies that employ efficient management practices enjoy benefits like: Accurate decision making. Identify supply chain loopholes faster and better. Effectively manage and control valuable business assets Data Management Challenges in The Indian Chemical Industry Emerging markets like India are dominated primarily by small and medium chemical companies. As such these companies do not h...

Impact of IT Trends in Chemical Industry 2019

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Proliferation of IT solutions has promoted remarkable advancements in modern business world, allowing every associated individual to buy up huge functional and operational efficiencies. Although Indian chemical industry has been inching along the modern trend for a long time, it has finally gotten along with the IT domain to materialize increased work efficiency and market competence.  Chemical distributors India have realized the potential of technological solutions and associated use cases where IT products can add up great growth opportunities to their respective business lines. Use of modern age digital solutions like cloud computing, big data and Internet of Things (IoT) have resulted in the increase of quality standards across India’s growing chemical industry and allowed multi-dimensional advancement across various involved production domains. For long enough, the chemical industry in India has been down trended due to its traditional work processes and supply ...

BASF: The Brightest Star of the Chemical Industry

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BASF, the largest chemical producer in the world, is now 153 years old and its timeline had its fair share of bright and dark spots. Chemical industry trends 2019 predict stronger days ahead for this German-based chemical company. But BASF had its fair share of turmoil too which also includes the time when it was under direct control of the French authorities following Germany's defeat in World War 2. However, the dark clouds were soon gone and BASF was refounded in 1952 riding high on the German economic miracle of the 1950s. This blog highlights some of the key milestone events that mark BASF over 150-year journey so far. The Big Steps Founded on 6 April 1865 in Mannheim (Germany) by Friedrich Engelhorn for production of soda and acids which are key ingredients in the production of dye. Fertilizers were added to the product line in 1913 followed by nylon, polystyrene, and styropor. 80% of the BASF production line in 1901 was dedicated to dye stuff. The 1960s saw B...

Underpenetrated Packaging Industry in India 2019

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Packaging is more than just about protecting and preserving the product. Today, it is an important branding tool as well. The Indian packaging industry offers great untapped potential. This is particularly evident when you compare India’s per capita packaging consumption with developed nations like the US. Here are 5 things about India’s underpenetrated packaging industry. Low Per Capita Consumption: Against the United States  109 kg per year, India ’s annual per capita packaging consumption is 10.5 Kg. In China, it is 45 Kg. This presents an ample and dynamic opportunity. The Key Market: For India’s packaging industry, the key consumers are food processing and pharmaceutical sector. While the former makes up nearly half the demand, the later accounts for 25% of the demand. Growth Drivers: Industry experts have identified three growth drivers for the industry. MNCs who have to comply with global policies and hence will have to adopt standard packaging solut...

Growth of Chemical Industry in India 2019

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Chemical industry is one of the oldest known production industries of India which contributes significantly towards our overall GDP and import-export trade. It has been an important element in our national economic growth and has reinforced great trade relations within international province. Import export of chemicals has gone through a progressive age of digitalization and developed to be one of the prime digital-backed industries of our countries. Chemical industry isn’t just about international export and business. The industry has various indigenous applications as well, thereby accounting for countless industrial and agricultural advancements in the country. Market Position It is an evident fact that Indian chemical industry has grown like never before in the past couple of decades. The industry has greatly been associated with every major economical contributor, not just nationally but on internationally grounds as well. It has developed as the backbone of ...

3 Advantages that why should we use Eco-Friendly Paints?

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Ever since the alarming effect of environmental abuse surfaced, every industry has been trying to incorporate techniques that could impart less harmful impact on the finite natural resource pool. Chemical industry has been no exception, with almost every manufacturer investing significantly in greener production. A leading chemical industry magazine ranked Eco-friendly paints as the upcoming gold standard of the paint industry not just in Indian domain but also for the global market.  Eco-friendly paints come across as much better decorative in terms of durability and production, allowing the market leaders to promote green production. As per the reports presented in various chemical news India Eco-friendly paints are not just cost-effective for producer and end-user but are lot healthier for environment.  Apart from the visible benefits there are 3 Advantages that why should we use Eco-Friendly Paints? ·         The foremo...