The Trends Industrial and Chemical Plants Should Keep An Eye On in 2025
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.
But achieving such goals in the coming year and beyond depends on a producer’s ability to adapt and move with where the chemical industry is going, and that means embracing emerging trends, technologies, and processes. With this in mind, let’s look at the trends industrial and chemical plants should keep an eye on in 2025 to help reach their business goals.
improving operational EFFICIENCY through asset management
Asset management is essentially an inventory or catalog of the equipment, machines, tools, software, and solutions used in the production process. The primary function of an asset management strategy is to track where and how these resources are used, how efficiently they’re operating, and any factors that could be compromising performance.
Not only will this allow plants to optimize equipment performance, it will help chemical producers break down communication and data-sharing silos on equipment performance. The ability to monitor and evaluate pump or compressor performance gives chemical plants the ability to maximize productivity by reducing maintenance intervals and increasing the service life of equipment.
This helps reduce equipment and operational costs, and it also helps surface areas for improved process efficiency.
With IPEC’s asset management program, plants can simplify and streamline recalibration schedules and processes, take a more proactive approach to maintenance, and more effectively track spare part inventory and usage to help save time and money.
enhancing performance through sustainability
Nearly 70% of industry companies already have a sustainability plan in place, and while these measures are designed to take a more eco-friendly approach to manufacturing processes, enhanced performance is a valuable byproduct of sustainability efforts. This means plants need innovative industrial equipment solutions that reduce waste and leverage smart technologies for more accurate dosing.
Badger Meter’s use of smart technology integrations can help chemical plants streamline and simplify production processes to save time and money. Large, LED digital displays, remote monitoring, alerts and notifications, and smart sensors help producers better understand the accuracy of their dosing amounts and frequencies, and it also gives them the power to make any required adjustments in real time to help ensure a more thoughtful, conscientious use of resources.
Industrial equipment automation also plays a role in increasing sustainability efforts and driving increased performance via eliminating manual, error-prone tasks that can compromise the quality of the final product and be costly to correct.
building a more resilient supply network
One of the lessons from the last few years for chemical plants is the importance of creating reliable, resilient supply networks that increase a chemical producer’s flexibility in the face of supply chain disruptions. For many plants, this means an emphasis on partnering with suppliers that are reshoring manufacturing operations to help reduce lead times and remove unnecessary links in the supply chain.
This more resilient, flexible supply network also applies to sourcing spare or component parts, and it also applies to services like equipment maintenance and troubleshooting. Producers are moving to a more localized model in part to increase the efficiency of routine equipment audits and health checks.
As an authorized service center (ASC) for leading brands like Fybroc and Dean, Sundyne, and Milton Roy, IPEC has decades of experience in partnering with these manufacturers to help create and service custom pump and compressor solutions. Our highly trained technicians have the skills and resources to service and troubleshoot equipment both on site and in our state-of-the-art shop, and our experience with these brands gives our team unique insight into best practices for peak performance and maximized service life.
why ipec is the distributor chemical plants need to seize growth opportunitis in 2025
IPEC offers a diverse range of industrial pump and compressor solutions designed to reduce waste, promote productivity, and increase precision. What’s more, we provide a variety of pumps that are engineered for superior durability and reliability for the harshest manufacturing environments, including Fybroc’s line of corrosion resistant fiberglass pumps.
Our large inventory of off-the-shelf, ready-to-ship products also helps increase your speed-to-market and minimize production downtime.
Plus, as an ASC for top industrial equipment brands like Fybroc, Dean, Milton Roy, and Sundyne, we have the expertise and resources to service your industrial equipment quickly and thoroughly to keep you running 24/7.
Contact us to learn more about our industrial equipment solutions and services.