With increasing pressure to operate efficiently and meet global sustainability goals, the process industry is turning to technology for answers.
Process industries like oil & gas, fertilisers, pharmaceuticals, chemicals and petrochemicals cater to a large and diverse sector that manufactures a wide range of products, including agricultural produce, pharmaceutical excipients, plastics and polymers, surface finishes, and a host of other products. Along with a significant amount of research and development, this industry produces chemicals from raw material such as fossil fuels and other natural resources using various techniques and advanced technologies. Global trends like sustainability and environmental concerns, and digitalisation and autonomous systems are also impacting the sector. So what exactly is the current state of the process industry in terms of growth, innovation, and regulatory challenges?