IPEC Blog

The next year for the chemical manufacturing industry looks bright. Production is expected to continue its post-COVID rebound, with the annual growth rate for 2025 projected to be as high as 3.5%. This represents a significant opportunity for chemical producers to increase revenue and market share, and, as a result, many companies are setting their sights on expanding their reach into new chemical applications. 

What’s the difference between choosing an authorized service center (ASC) and an unauthorized service center for industrial equipment maintenance and troubleshooting? The difference is saving time and money or losing time and money. For plant operators working in highly competitive industries, diminished productivity and efficiency from choosing an unauthorized service center just isn’t an option. 

Recent supply chain difficulties and material cost increases have emphasized the importance of an asset management strategy for plant operators in a wide range of industrial contexts. Plant assets include the property or equipment necessary for production processes — think everything from industrial pumps and compressors to warehouses and transportation vehicles.