Energy & Mining Research The shale revolution in North America has proven to be a game-changer for the global energy industry in more ways than one. Besides other impacts, this has caused oil trade to swing westward from its traditional markets in the Middle East. However, with oil prices falling sharply over the recent past, companies are required to be more responsive to the exceptionally dynamic scenario in the oil and gas industry. Climate changes have necessitated a clear set of actions from large energy firms.Advent of new products and applications, greater environmental awareness, and changes in consumer preferences are some of the factors currently impacting the value chain of chemical companies across the world. Post economic downturn, the chemicals and materials industry has charted steady growth. Much of the gains witnessed in the industry can be attributed to the surging demand from emerging nations, such as India, China, and Brazil. Also, the industry is poised to gain from the rising penetration of bio-based and renewable chemicals.