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A market sizing research by GIA Asia Pacific ranks electronics, information technology, and textile and garments as the fastest growing sectors for chemical applications in the short to medium term, thanks to their large consumption bases and continuing strong growth. Construction is expected to slow down in demand growth, albeit its large market size. The production bases of the automotives sector, as well as electrical machinery and equipment sectors will remain fairly sizable with growth rates comparable to GDP.
To tap into and expand in these high potential application markets, chemical companies could:
• Identify the application markets and the growth potential of their specific chemical segments
• Explore the needs and preferences of the existing and potential customers in the high potential application markets
• Investigate competitors in key application markets and their best practices
Corporate and business strategies formulated based on these hard facts and local insights will bring greater success to chemical companies.
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More About GIA Industry Practices Automotive | Chemicals | Construction & Property Development | Consumer & Retail | Energy, Resources & Environment | Financial services | Private Equity | Logistics & Transportation | Manufacturing & Industrial | Pharmaceuticals & Healthcare | Telecommunication, Technology & Media
More About GIA Functional Practices World
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Global Intelligence Alliance (GIA) is a strategic market intelligence and advisory group. GIA was formed in 1995 when a team of market intelligence specialists, management consultants, industry analysts and technology experts came together to build a powerful suite of customized solutions ranging from outsourced market monitoring services and software, to strategic analysis and advisory.
Today, we are the preferred partner for organizations seeking to understand, compete and grow in international markets. Our industry expertise and coverage of over 100 countries enables our customers to make better informed decisions worldwide.