In the Path of Destruction: Preparing for Global Climate Change in the Chemical Industry

May 04, 2020 | State of the Market Report

While it is tempting to ignore the intangible consequences of climate change with regard to day-to-day business in the chemical industry, climate events like Tropical Storm Harvey in 2017, or the Rhine droughts of 2018, have shown significant short-term impact. It is wishful thinking that such events were improbable and isolated, as climate research shows that they will only grow more frequent as global temperatures continue to rise. Disruption to chemical production and distribution will, in turn, be made worse by an increase in climate-related extreme weather events, sea-level rise, temperature change, and drought over the next 50 years. Companies in the industry should be evaluating how their business will be impacted and prepare adaptation strategies to mitigate risk in both the short and long term. The current report assesses the industry's exposure to climate threats based on geographic location, production processes employed, and supply chain factors and offers solutions for companies to build resilience and maintain a long-term competitive advantage.

Coverage Areas

  • Accelerating Materials Innovation
  • Emerging Ecosystems in Agrifood and Health

Table of Contents

  • Title page
  • Introduction
  • Climate-related Hazards & Risks
  • Adaptation strategies & technologies
  • Outlook
  • Appendix

Lead Analyst

Kristin Marshall
Senior Research Associate

Contributors

Anthony Schiavo

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

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