Over the last three decades, BDB has quite extensively studied the market for chemicals & petrochemicals for domestic and international companies. Our clients in this sector utilised BDB’s expertise for re-structuring the existing ones and structuring the new companies by using customised primary market research insights. In this sector, it is important to understand the chemistry associated with products, their applications and the relevance of multiple substitutes available for every molecule. Typical research points like consumption norms, the impact of using substitute products, regulatory norms associated with usage and its implications, pricing, packaging and environment-related issues are included in the study.
Clients engage with BDB to estimate the market potential, analyse drivers & retarders for growth, trends in application segments, regulatory drivers and supply landscape and distribution ecosystem. Apart from customised primary market research for the products being manufactured, many organisations in this sector sought the expertise of BDB to develop strategy documents for future growth. We had the privilege to help a few companies diversify into the chemicals & petrochemical sector by conducting extensive research and filtering into the opportunity areas.
Apart from the experienced in-house research team, this sector is supported by a few senior experts who have worked in this domain for several years.
Primary research is carried out by covering end users, applicators, blenders, mixers, suppliers, distributors, suppliers of substitute products and research instructions and ministries. When it comes to the chemical & petrochemical sector, it is also important to evaluate packaging requirements, safety measures, and application pattern changes in the user industries. Respondent categories include scientists, R&D managers, production managers, plant operations teams, quality and purchase teams and distribution networks. As the industry is dynamic, insights from senior management are also important while executing research and consulting assignments in this sector.
BDB conducts market research for chemicals and petrochemicals in South Asia, South East Asia, Middle East and Africa.
FAQ
Q1. What kind of research is commonly conducted in the chemical and petrochemical industry?
The answer is that it’s critical to assess how chemicals and their derivatives—both organic and inorganic—are used in the varieties of industries. Additionally, each application’s alternatives should be understood. Understanding the many grades being used, market disruptions, supply chain and market estimation and projecting are some of the key arears analyzed in this sector.
Q2. What are the main techniques employed in petrochemical and chemical research?
An essential component of this research is end-user analysis. To assess the opportunities, in-depth interviews with R&D directors, quality managers, and production managers are crucial. Analyzing the distribution channels and finding suppliers of alternatives to the chemicals under examination are also included in this study.
Q3. What type of expertise do researchers have to conduct studies in this field?
A solid technical foundation in chemistry is essential for conducting research in this field. Primary market research in this industry requires a grasp of the dynamics of chemicals used as additives or directly applied in various industries.
Q4. In doing chemical and petrochemical research, what role do industry associations play?
The development of the chemicals and petrochemical industries is greatly aided by nodal agencies, industry groups, and research institutions. In this subject, associations operate at both the national and regional levels. Research institutes work with worldwide organizations and industrial firms to develop innovative products and conduct application-specific R&D. Trade groups keep a careful eye on developments in the market and on government regulations that affect the business. Therefore, while conducting primary research in this field, interactions with these institutions are crucial.