The chemicals industry is moving faster than ever and falling behind now costs billions.
Global chemical output crossed USD 5 trillion in 2024, with demand accelerating across pharmaceuticals, agriculture, automotive, construction, and consumer goods.
Yet the sector is also facing its toughest decade: oil price volatility crossing USD 90/barrel, rising energy costs, tightening carbon regulations, and aggressive competition from low-cost producers in Asia.
This is where Nexdigm’s Chemicals Competitive Intelligence becomes a strategic differentiator.
Key Challenges Facing the Global Chemicals Industry Today
- Escalating Sustainability Demands: With the chemicals sector contributing 6% of global CO₂ emissions.
- Innovation Pressure & Short Product Lifecycles: The industry sees 450,000+ chemical patents filed annually
- Energy Cost Volatility: Electricity and industrial gas prices spiked by more than USD 50 per MWh in key regions.
- Workforce Shortages & Skills Gaps: More than 2 million skilled manufacturing jobs remain unfilled globally.
Nexdigm’s Chemicals Competitive Intelligence Approach
At Nexdigm, we recognize that the chemicals sector demands deep, data-driven insights that translate into measurable business outcomes. Our Chemicals Competitive Intelligence Approach blends global benchmarking, market tracking, and strategic advisory to help organizations strengthen performance and stay ahead of disruptions.
Core Pillars of Our Approach
- Operational Benchmarking: We measure production efficiency, asset utilization, energy intensity, and safety standards — areas where a 5–7% performance gap can translate into tens of millions of dollars in annual losses for mid-sized chemical plants.
- Cost & Supply Chain Intelligence: Supply chain disruptions cost the chemicals industry more than USD 120 billion globally in 2023. We benchmark raw material sourcing strategies, logistics efficiency, and landed costs to identify resilience improvements and significant savings.
- Innovation & R&D Benchmarking: Top chemical innovators invest over USD 50 billion annually in R&D. We track competitor patents, pipelines, new molecule development, and R&D productivity to uncover white spaces and emerging opportunities.
- Sustainability & ESG Performance: With global regulators tightening climate norms, and the EU Carbon Border Adjustment Mechanism (CBAM) impacting exports worth USD 60+ billion, we benchmark carbon footprint levels, renewable energy adoption, waste management, and circularity initiatives.
- Market & Competitor Mapping: We assess competitor expansions, M&A activity, downstream integration, and customer engagement trends to build a 360° view of the global chemicals playing field.
By integrating these layers, Nexdigm helps chemical companies transform benchmarking studies into practical strategies that drive efficiency, innovation, and sustainable competitive advantage.
Nexdigm Case
A leading specialty chemicals manufacturer operating across India and Southeast Asia struggled with rising production costs, declining plant efficiency, and increasing pressure to meet global sustainability expectations. Nexdigm conducted a comprehensive benchmarking study across 18 global competitors, analyzing energy intensity, asset utilization, raw material sourcing, and ESG performance. By identifying process inefficiencies and recalibrating procurement and operational practices, the company achieved a 14% reduction in energy consumption, a 21% improvement in plant throughput, and accelerated its ESG compliance roadmap. Within nine months, the firm strengthened cost competitiveness and regained market momentum in two core product segments.
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Harsh Mittal
+91 96549 82241