Research Overview

Chemicals is a highly regulated industry, and it serves as the backbone of several other end-user sectors, including construction, transportation, healthcare, pharmaceuticals, and agriculture. Although the industry is a leading revenue generator, globally, digitalization, product portfolio diversification, enriched social responsibility, and sustainability have created a major impact on sales and revenue and pushed the industry to transform and acclimatize to the rising trend of innovation. Unlike digitalization and social interactions that affect sales and commercialization, sustainability is a global factor driving innovation in the chemicals industry due to rising consumer awareness of and demand for sustainable products. In addition, government regulations are pushing the industry to adopt sustainable production practices, which will result in a minimal impact on the environment.

Biotechnology is a branch of science that modifies biological organisms, processes, and systems for the development of innovative products. Biotechnology tools, including genetic engineering, bioprocess management, enzyme engineering, molecular biology, and synthetic biology, enhance process efficiency and facilitate product formation. Biotechnology also enables energy savings, aids CO2 emission reduction, facilitates bioproduct innovation, and enables waste management. It is a rapidly evolving industry that is seeing a wave of innovation, start-up funding, sophisticated gene-editing approaches, and integrated computational methods.