CHEMICALS AND MATERIALS
An unheard-of change is currently occurring in the modern chemicals and materials sector. A significant oil price war has altered how businesses in the oil and gas, utilities, chemicals, engineering, metals and mining, aerospace and defense, and construction industries operate. At the same time, an increase in new regulations has significantly raised entry barriers for new competitors in many markets.
The availability of various raw materials is extremely important to the Chemicals and Material sectors. Because of political unpredictability, trade agreements in place, and geopolitical changes, they need help securing supplies from unstable areas or guaranteeing dependable access to scarce resources.
In addition, the COVID-19 pandemic has caused supply chain disruptions in the chemical industry due to factors like cost and end-user demand. As a result, many top businesses need help identifying strategic growth opportunities.
Subject Matter Experts at The Expert Point are leaders in the industry who have access to real time market changes that prove to be a differentiator in supporting our clients make strategic business decisions.
How we add value:
With in-depth knowledge of numerous sub-sectors, including packaging, bulk chemicals, renewable chemicals, fuel cells, plastic and polymer, agrochemicals, advanced materials, foam and insulation, nanotechnology, paints, sealants and adhesives, coatings, and specialty chemicals, the advisors in our global expert network provide specialized advice to clients on a range of issues. By offering crucial forecasts for exponential growth, our chemical experts will assist you in understanding the competitive intelligence,bridging the gap between supply and demand and unlock future potential strategies.
Our Global Expert Network has a database of chemical experts who bring a wealth of experience from some of the top Global chemical companies,supporting market research and advisory clients with premium industry insights that are actionable and game changing.
Procedure of our work:
Please check out our 360 work discipline to understand how we can help you gain a competitive edge in the industry.
CASE STUDY
Fuel Cell Systems Market in the Automotive Sector
Client’s requirement:
A company that manufactures fuel cell systems for the transportation industry was considering expanding its operations to South-East Asia. They wanted an internal forecast on how fuel cell electric vehicles (FCEVs) would perform over the next 10 years.The company was considering where to place its next manufacturing facility, and wanted to predict the demand for fuel cell systems in the transportation industry in the coming years. The company’s goal was to determine which market would be more profitable.
Our Solution:
The Expert Point’s team of empanelled global experts from their global network were mapped and reached out by the in-house research team to screen them on the client’s requirements based on application, end user, size and region. They also indicated which regions would have the most growth potential for fuel cell electric vehicles.
Our experts were able to provide facts and reports based on application, end user, size, and region. They advised that despite the fact that fuel cell electric vehicles are a new technology they will be more popular than battery electric vehicles in the next 10 years thanks to several factors: the high demand for clean mobility solutions aimed at reducing emissions, the increasing awareness of environmental issues, and the convenience of refueling with hydrogen rather than having to deal with charging cables.
In addition, our experts determined that there will be a growing trend toward smaller vehicles (such as minivans) powered by fuel cells. This is because compared to battery electric vehicles (BEVs), fuel cell EVs (FCEVs) have lower emissions and are more efficient, effectively driving the market in the near future.
Result:
As a result of our team’s efforts, the client was able to make business decisions based on accurate information rather than relying solely on gut instinct. By putting together a detailed report for them, we were able to show them exactly how well fuel cell electric vehicles were doing around the world and predict with confidence when fuel cell vehicles would become a viable investment for them.
The Expert Point’s network of handpicked experts from its panel were able to provide a 10-year financial forecast that was detailed enough to identify when market saturation would occur and what effect it would have on the company’s revenue. Based on our team’s report, the company decided to delay its expansion plans until they were able to gain empirical evidence on how fuel cell electric vehicles would be performing in those markets during the next five years.