The Chemical Industry in 2026: An Executive Briefing from the Leaders Redefining Competitive Advantage

Chemical industry trends 2026 point to a familiar set of pressures — slower growth, geopolitical fragmentation, margin compression, and sustainability commitments that still have to justify themselves financially. What has changed is where leaders are looking for advantage. For most of the industry’s history, competitive edge came from what a company could invent: a better molecule, a stronger patent position, a more efficient process. That foundation has not disappeared. But it is no longer where the contest is being decided.

Interviewed separately ahead of CIEX North America 2026 — across different companies, functions, and regions — a group of senior chemical leaders returned repeatedly to the same conclusion: the difficulty is no longer generating innovation. It is scaling it. What follows is a consolidated view of what they told us, organized around the themes the event was built to address.

Chemical Industry Trends 2026: From Pilot to Plant

The constraint most of these leaders described is not a shortage of ideas. It is the difficulty of converting a proven capability into consistent performance across a complex organization. The pattern recurs regardless of function: a promising concept, a successful pilot, and then a stall at the point where the work has to scale.

Lewis Sweet, General Manager Global Refining and Chemicals at Honeywell, states the case plainly. The obstacle, in his view, is rarely the technology itself but the organization’s capacity to embed a working solution consistently across sites and assets. His formulation is deliberately unsparing: the bottleneck is not the tool, it is the enterprise operating around it.

Venki Chandrashekar, President and CEO of AmSty, has observed the same dynamic from within a commoditized business, where there is little tolerance for initiatives that fail to deliver. He describes the recurring failure as the distance between ideation and execution — organizations that generate strong ideas but cannot reproduce them reliably at scale. His remedy is not greater creativity but greater discipline: treating innovation with the same rigor applied to any core business process, complete with defined objectives, measurable outcomes, and clear ownership.

Thanos Yiagopoulos, CTO of Momentive, locates the same problem in the operating environment. Progress comes readily in research settings, where new tools accelerate formulation, scouting, and the screening of technical options. It comes far more slowly on the plant floor, where fragmented data and aging infrastructure resist modernization. The decisive factor, he notes, is often whether the people running those operations trust a new approach enough to change established practice — a question of adoption rather than technical merit.

When advantage is available to everyone

Viewed together, these chemical industry trends 2026 raise a more uncomfortable question. If advantage now depends on operationalizing capability, what remains once competitors operationalize the same capability?

Jayshree Seth, Corporate Scientist and Chief Science Advocate at 3M, confronts the point directly. Optimization, she argues, is not the source of breakthroughs — and when every organization optimizes along the same lines, using the same methods, differentiation erodes. The implication reframes the entire question of adoption. Access to tools confers no lasting edge once that access is universal. What endures is judgment: the discernment to recognize which signal matters, and the discipline to protect the exploratory, non-linear work that cannot be automated.

Michael Lefenfeld, CEO of Hexion, reaches a parallel conclusion from the commercial side of the business. Applying new capability to isolated tasks, he observes, produces incremental gains but no durable position. The more consequential opportunity lies in connecting the enterprise itself — research informed by manufacturing, manufacturing informed by customers — so that the organization compounds its own intelligence over time rather than capturing it in fragments. Advantage, on this account, is a property of the system, not of any single tool within it.

Resilience and discipline, decided in advance

Another defining feature of chemical industry trends 2026 is that execution applies to strategy as much as to operations. Two leaders described resilience and innovation discipline as deliberate commitments, made ahead of need and under real constraint, rather than responses to disruption once it has arrived.

Marc Block, Global VP Performance Chemicals at Wanhua Chemical Group, treats supply chain resilience as a matter of design rather than contingency. A company becomes exposed, he argues, the moment its network is optimized around a single trade-flow assumption or feedstock basis. His account of the trade-off deserves to stand as stated: “the cost of resilience is paid gradually; the cost of fragility arrives all at once when a route closes, a feedstock spikes, or a tariff lands.” Flexibility carries a cost in stable conditions, and accepting that cost is precisely the discipline that separates the prepared from the exposed.

Jamie Cohen, Vice President of R&D, Industrial Intermediates & Infrastructure at Dow, applies the same logic to the innovation pipeline. Under sustained pressure to deliver near-term results, she argues, the conditions for genuine ideation quietly disappear unless an organization protects them by design. Her position is that ideation must be treated as a full business exercise — structured, resourced, and accountable — rather than an activity permitted only when the schedule allows.

Speed as a function of design

A final thread draws the argument together. Even acceleration — the capability most organizations assume can be purchased — proves to be a matter of design rather than expenditure.

These chemical industry trends 2026 point to a broader shift: competitive advantage increasingly depends on how effectively organizations operationalize capability.

Jack Dever, CTO of AVN Corporation, contends that process technology development can move considerably faster than the industry currently accepts as its norm. The gain, however, does not follow from additional resources. It follows from combining sharper work processes with equipment that is well-defined and readily reconfigured, and — he is emphatic on this point — from implementing both together rather than either in isolation. The lesson echoes the others across every function represented here: the binding constraint is not the level of investment, but the deliberateness with which the work itself is designed.

Join the conversation at CIEX North America 2026

These decisions are not being made in isolation — and neither should yours be. In three weeks, the leaders quoted here join CEOs, CTOs, and R&D heads from across the industry for two days of senior, execution-focused exchange on exactly these challenges: scaling AI, building resilience, and turning innovation into measurable performance.

September 9–10, 2026 | Indianapolis

Featuring leaders from 3M, Dow, AVN Corporation, Eastman Chemical, Honeywell, Huntsman, Albemarle, Momentive, Cabot, Hexion, Wanhua Chemical Group, AmSty, and more

Seats are limited as the event approaches.

Taken together, these chemical industry trends 2026 show that execution, resilience, and organizational design are becoming as important as technological innovation itself.

Register for CIEX North America 2026 →

Chemical Industry Trends 2026 – CIEX North America

Driving Sustainable Chemistry: Overcoming Challenges and Harnessing Opportunities in the Chemical Industry

Driving Sustainable Chemistry: Overcoming Challenges and Harnessing Opportunities in the Chemical Industry

Joel Tickner, Executive Director, Change Chemistry

CIEX: Without giving too much away – what is the core message of your talk and what would you like delegates to remember?

Joel: Commercialization and adoption of sustainable chemistry are challenging given the incumbency of existing chemicals that are integrated into global supply chains, capitalized and whose uses have been optimized over decades. Add to this the fact that R&D and manufacturing CAPEX costs are high and value chains are reluctant to absorb the higher cost of more sustainable options.  Notwithstanding this, manufacturing value chains MUST transition to safer and sustainable chemistry – our very future depends on this.  We will discuss the investments, incentives, coordination, and collaboration needed to incentivize this transition and accelerate the market uptake of safer and sustainable chemistry.

CIEX: What motivates you to join CIEX this year?

Joel: There is a seismic shift happening in the chemicals sector right now driven by global environmental challenges such as climate change, chemical and plastics pollution and resource depletion as well as supply chain and feedstock disruptions post-pandemic.  These present unique opportunities to reshape the trajectory of this industry and the sectors that depend on it.  Progress against every dimension of sustainability – GHG reduction, circularity, plastics pollution, biodiversity protection, elimination of toxic substances and environmental justice – depends on the availability of safer and sustainable alternative chemistries that perform, are available at scale and are cost-competitive. Understanding the challenges the industry faces to reshape itself in the next decades as well as key levers and enablers for change will provide critical insights into the types of programs, incentives, and collaborations necessary for this transformation.

CIEX: With deglobalization, circularity and the energy transition as key trends currently shaping the chemical industry, what are the challenges to overcome and opportunities to harness?

Joel: Circularity is certainly a key trend shaping the future of the chemical industry.  Importantly, this industry’s ambitious and necessary circularity goals will require unprecedented levels of R&D spending to fuel innovation and public and private sector investment to build out novel manufacturing capabilities.  However, this can be at odds with this industry’s relatively low levels of R&D spending and investment when compared to the pharma and high-tech sectors.  For progress to be made, governments and the finance sector will need to be willing to take risks and invest in new safer, more sustainable chemical processes and products available at scale.  It is also important that we move forward on our efforts to de-fossilize this industry and address the toxicity of many incumbent chemistries, the vast majority of which were designed for cost and performance, not health and safety.  This is a critical issue, particularly in the US where environmental justice is an increasingly important Administration priority.

Circularity, deglobalization, de-fossilization and toxics reduction will require new frameworks to increase value chain collaboration, new funding programs to enhance innovation,  public-private sector partnerships to deploy risk capital along the various stages of technology commercialization and incentivizing policy frameworks that facilitate market entry of safer and sustainable chemistry technologies.

CIEX: What is one project or initiative in the industry, outside of your own company and associations that really inspired you recently, and why?

Joel: The US EPA Safer Choice program is a critical driver in the development and incorporation of safer chemicals into consumer goods.  I see this program as an opportunity for everyone from chemical manufacturers to formulators and brand owners to be recognized for their commitment to sustainable innovation and to benefit from their Safer Choice-branded products being distinguished within their competitive peer group.  Safer Choice imparts economic value to sustainability. In parallel, the SCIL list provides a clear recognition of safer chemistries for specific functional uses.

Sector-wide efforts, such as the Zero Discharge of Hazardous Chemicals (ZDHC) and Clean Electronics Production Network (CEPN), are demonstrating that downstream sectors are willing to collaborate to create unified demand signals that change chemistry.  These closer-to-consumer and brand-conscious companies can create the demand or pull that engages the chemicals sector more effectively in developing solutions.  As those solutions often require significant investment, organizations like Change Chemistry can help to understand the barriers at a sectoral and systems level and drive the investments and collaborations necessary to effect change.

CIEX: If the future of the chemical industry is high-tech, low carbon – what are 3 essential elements needed today, to realize this?

Joel: The future of the chemical industry is not just high-tech and low-carbon, it also has to be low toxicity.  Three essential elements needed today include:

  • Investment in demonstration, deployment and adoption of safer, more sustainable chemistries – reducing the “green premium” for these products.  Chemical suppliers can make safer, more sustainable chemistries but if they aren’t purchased and there is no market, then they can’t grow.  We have seen in certain sectors – consumer products for example, that there is an appetite for sustainable chemistry and consumers are willing to pay more to protect their families and communities.
  • Greater government coordination and public-private collaboration to drive growth in sustainable chemistry. Change Chemistry built a coalition to advance the passage of the US Sustainable Chemistry R&D Act that established an interagency strategy team and requires the development of a strategic roadmap to coordinate sustainable chemistry R&D and investments across the federal government.  The soon-to-be-released strategic roadmap needs to create clear directions for future coordination and investment.
  • Greater supply chain coordination to advance sustainable chemistry.  We have found through 18 years of Change Chemistry that there is often a disconnect between actors in the value chain and collaboration is key to accelerating innovation and addressing barriers.  Change Chemistry’s first-of-its-kind Collaborative Innovation Challenge for Safe and Effective Preservatives in Consumer Products, which engaged 11 brands, 2 retailers and 6 chemical suppliers demonstrated the value of “collaborative innovation” to drive solutions in a pre-competitive space. The effort not only reshaped R&D in preservatives, it also accelerated the development of more sustainable solutions. 

CIEX: Thank you so much, Joel!


The 10th Annual Chemical Innovation Exchange Summit (CIEX) is created for C-level R&D, Innovation and Sustainability experts from the consumer, industrial and speciality chemical sectors.  This intimate event is about creating value – bringing the right people together, creating synergies, and actively connecting with potential partners.  CIEX will take place in Indianapolis on October 23-24. Among attending companies: Hexion, Lubrizol, Monument Chemical, Celanese, US DOE, BASF, ACS, Advansix, The Heritage Group, and many more.

Secure your spot at the CIEX Summit! Connect with industry leaders and innovate together. Register today!

Driving Sustainable Chemistry: Overcoming Challenges and Harnessing Opportunities in the Chemical Industry

Revolutionizing the Chemical Industry with Lubrizol

Revolutionizing the Chemical Industry

Interview with CIEX 2024 speaker -Abhishek Shrivastava, VP of Innovation & Decision Science, Lubrizol

CIEX: Without giving too much away – what is the core message of your talk and what would you like delegates to remember?

Abhishek Shrivastava,VP Innovation & Decision Science Lubrizol
Abhishek Shrivastava,
VP Innovation & Decision Science
Lubrizol

Abhishek: To continue to innovate in the chemical industry, we must work together and be amenable to change. Those who stay relevant are agile—we must think differently about data, keep sustainability at the heart of the entire value chain and work together to enable progress.

CIEX: What motivates you to join CIEX this year?

Abhishek: I am excited to join CIEX this year because I believe it is a great opportunity to learn from and network with some of the most innovative and forward-thinking leaders in the chemical industry. I am eager to hear about the latest trends, challenges and solutions that are shaping the future of our sector. I am also looking forward to sharing my own insights and experiences on how to drive digital transformation and sustainability in the chemical value chain. Together, we can create more value and impact for our customers, society, and the environment.

CIEX: With deglobalization, circularity and the energy transition as key trends currently shaping the chemical industry, what are the challenges to overcome and opportunities to harness?

Abhishek: Adapting to these trends requires building more resilient and flexible business models, as well as collaborating with stakeholders across the value chain to ensure compliance and efficiency, including:

  • Leveraging digital technologies and data analytics to optimize production processes, reduce waste and emissions, and enhance customer experience. 
  • Investing in innovation and R&D to develop new products and solutions that meet the evolving needs and expectations of the market.
  • Accelerating the transition to renewable energy sources and low-carbon feedstocks, such as bio-based or recycled materials, to reduce the environmental footprint and improve the industry’s sustainability. 

CIEX: What is one project or initiative in the industry, outside of your own company and associations that really inspired you recently, and why? 

Abhishek: I am really inspired by an adjacent industry, Pharma. What inspires me is how Pharma uses data and AI to accelerate drug discovery with readily available libraries of molecules and key properties needed for docking with a target protein. It is a great example of how AI and data can be used for speed to market in other industries. 

Another example is Agricultural Tech. It is very inspiring to see the use of advanced technologies like drones and computer vision in initiatives like precision farming, leading to more sustainable farming practices.

CIEX: If the future of the chemical industry is high-tech, low carbon – what are 3 essential elements needed today, to realize this?

Abhishek: Three essential elements that are needed today are:

  1. Innovation: The development and adoption of new technologies and processes that can reduce emissions, increase efficiency, and create value from waste streams. 
  2. Collaboration: The cooperation and coordination among different stakeholders, such as key industry players, policymakers, customers, suppliers, academia, etc., to foster a supportive environment and facilitate the scaling up and deployment of low-carbon innovations.
  3. Transformation: The strategic and systemic shift in the business models, markets and culture of the industry to embrace circularity, decarbonization and customer-centricity.

CIEX: Thank you very much – we look forward to hearing more at CIEX 2024 in Indianapolis!


Join us at CIEX Summit 2024 on October 23-24 in Indianapolis, USA to hear from Abhishek and other industry experts from Dow, Braskem, Cargill, Huntsman, Ashland, Levaco Chemicals, Cirba Solutions, and many more. Global chemical innovators will showcase cutting-edge technologies, organizational transformations, and mindset shifts in an evolving industry.

Access the full agenda and registration details here: https://ciexsummit.com/. 

Chemical Innovation Exchange Conference 2024