Digitalization Trends in the Chemical Industry – prospective

The chemicals industry employs 20 million across the globe and contributes USD 5 trillion in sales per annum to the global economy.

Traditionally, the chemical industry started with customized chemical production for local consumption. However, it has come a long way ever since. Today sourcing and distribution are done on a global scale. In more recent times, China has emerged both as a major producer and consumer of chemicals. (How?) – China adopted digitalization of sales and sourcing process by introducing paid listing sites which is used by both Suppliers and Buyers in Chemical Industry. This digitalization has made China the biggest chemical supplier in the world.

What is Digitalization?

According to Gartner’s IT Glossary, Digitalization is “the use of digital technologies to change a business model and provide new revenue and value-producing opportunities; it is the process of moving to a digital business.”

Digitalization helps the Organizations in transforming their business from offline to online which creates 24/7 business opportunities, convenience and more revenue.

Ways of Digitalization

Businesses in India can adopt digitalization to increase their revenue and add more customers not just from their local region, but across India and globe.

Paid Listing Sites: – These sites help buyers to inquire about a Chemical from a registered Seller in that site. If the Seller is willing to supply the Chemical to the Buyer, then the process of quotations and negotiations will continue. The only benefit of using a Paid listing site is you will get in touch with new Suppliers from different regions. Both Buyers and Sellers have to pay a subscription fee in order to utilize the site features.

Chemical Listing sites do not assure the quality and the payment made towards the Chemical.

Similar to the sites in China, there are few sites in India which offer the same features.

B2B Marketplace: – Marketplace is not a new concept, but for the Chemical Industry it is becoming a buzzword. In a typical chemical marketplace, consumers can buy products from the site itself and get the product delivered to their doorstep. The site assures the buyer about the quality of the product and assures the safety of their payment.

Marketplaces do not charge any registration fees either to the Buyer or Seller.

Prices are displayed directly on each product and these marketplaces assure you of quality and the money paid towards the product.

For e.g. If you want to buy any household or personal items, you would use or to purchase. Amazon and Flipkart allows sellers across India to sell their products on the platform.

Similarly, is a B2B Marketplace for ready stock of Chemicals hosts over 7 lacs of Chemicals from various Suppliers across India. Businesses and Academia in Chemical Industry can now buy Chemicals online directly from which not only assures the safety of the payment made online, it also assures the Chemical quality, purity and quantity which is delivered at the buyer’s doorstep.

Over 20 Universities and 1000s of businesses across India are buying Chemicals from

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