Since time immemorial, the chemicals and materials sector has played a fundamental role in human development and creating a positive impact across all aspects of society. The industry has experienced some structural changes over the past several years, such as the shift of manufacturing locations, growth across emerging markets, technological advancements and the rising cost of raw materials. The industry is also battling constant regulatory changes, emerging consumer trends and growing environmental concerns over carbon emissions. As a result, chemical manufacturers are shifting towards greener products. The industry is also expected to experience rising capital expenditure as leading manufacturers focus on expanding capacity and entering growing end markets through a combination of organic and inorganic routes.