The chemical industry is expanding with great pace and new technologies and processes are in coming to enhance the landscape of the chemical industry. The major change in chemical industry is in progress as the technologies from oil and gas is gaining lot of momentum and the newly growing economies of China and India have joined the industry with lot of new ideas and resources. They have joined the market and have boosted the sales of the products. The new players entering in the chemical industry focus on resources monopolization and economic development, unlike the traditional shareholders who have been informing the goals and strategies of the top players.
The newcomers have the advantage of taking benefit from two key dynamics future; they have the much better environment than in old ages to maintain the sufficient stock to face the challenges of high priced period and having direct access to the growing consumer market.