As markets expand due to globalization, chemical manufacturers are faced with the challenge of meeting the rapidly growing global demand for production at a time when production costs are increasing due to rising feedstock prices. One way for chemical manufacturers to ensure profitability in the current environment is to foster innovation through the use of advanced modeling techniques. The Chemical Industry Vision2020 Technology Partnership1 highlights opportunities to address several challenges in the chemical industry through shared pre-competitive research and development activities in many technology areas, and offers a special focus on high-end modeling. This article examines the available technologies in the chemical industry and highlights several areas where major advances have been achieved through innovation fostered by advanced modeling of industrial processes.
According to a recent survey of product design engineers and general managers of 245 U.S. firms that manufacture heating equipment, the most critical physical properties of adhesives are high-temperature resistance, thermal conductivity, and electrical resistance.
Global consumption of radiation-cured products in 2005 was 270,000 metric tons (MT), with a value of $2.75 billion. Included in this number are products for coatings, inks and adhesives. According to the consulting firm Kusumgar, Nerlfi & Growney, a modest 6% annual rate of growth is forecast through 2010.