The focal topics of the Innovation Compass describe the products and processes that will sustainably determine market developments in the plastics and rubber industries over the next few years.
Resources will always be consumed while there is life on Earth. The principles of sustainability dictate that each generation uses the resources at its disposal as efficiently as possible so that succeeding generations can enjoy the same standard of living.
At the beginning of the 21st century, humanity is facing a series of challenges due to overpopulation, urban living, aging societies, environmental pollution, malnutrition, climate change, and an unrestrained consumption of limited resources.
Modern components for use e.g. in mobility, energy, or building and construction have to fulfill increasing requirements regarding their performance characteristics, energy efficiency, and sustainability. Hybrid components are the solution frequently, as they show outstanding performances very often.
The rapid and consequent utilization of the potential of digitalization for the industry - Internet of things, services and people - will be of utmost importance for the competitive ability and the survival of corporations in the decades to come.