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Companies belonging to the chemicals sector will be affected directly and indirectly by a number of disruptive opportunities and challenges that will jeopardize their corporate longevity over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:
- First off, artificial intelligence (AI) systems will discover new thousands of new compounds faster than humans that can, compounds that can be applied to everything from creating new makeup to cleaning agents to more effective medicines.
- This automated process of chemical compound discovery will accelerate once AI systems are integrated with mature quantum computers by the late 2020s, allowing these AI systems will compute ever more massive amounts of data.
- As the Silent and Boomer generations enter deep into their senior years by the late 2020s, this combined demographic (30-40 per cent of the global population) will represent a significant financial strain on the health systems of developed nations. This crisis will encourage these nations to fast-track the testing and approval process for new drugs that may improve the overall physical and mental health of patients so that they can lead more independent lives outside of the health care system. The chemical industry will partner with the pharmaceutical industry to address this market need.
These broad trends will have far-reaching effects on the chemicals sector that will influence the sector’s long-term development.
To stay informed about these and other trends, as well as the emerging opportunities and threats facing the chemicals sector, consider investing in Quantumrun Foresight sector forecast reports. Contact us today to learn more.
