Chemicals & advanced materials find applications in a variety of end-use industries, some of which include aerospace, food & beverages, agriculture, electronics and semi-conductors, packaging, construction and automotives. The demand for these products is heavily dependent on the performance of its end-use industries.
This usability of these products across applications depends on its physical and chemical properties. Flexibility, malleability, electrical conductivity, resistance to extreme temperatures, resistance to environmental factors, moisture absorption capabilities, bacterial & fungal resistance are all properties that determine the suitability in different applications.
Substitutability, environmental consequences, and regulations are some of the factors which hinder growth in this industry.