The chemicals industry is fast-transforming for higher sustainability and digitalization, with major trends being the move toward bio-based and renewable raw materials, adoption of the principles of green chemistry to reduce environmental footprint, and higher integration of IoT and AI for optimization of processes and end-to-end transparency in the supply chain. The model of the circular economy is also gathering speed, prompting innovation in the form of recycling technology and waste-to-resource technology, and increased regulatory attention to reducing carbon footprint is further shifting production strategies for markets around the globe.