The chemical technology in Australia is not the biggest in the market nor even they are influencers. There have not been much improvements in the Chemical tech in these years compared to other sectors of the industries.
There are very few chemical plants in Australia. But the ones which are there are enough for the chemical tech needs as they mostly import the chemicals which are needed to fulfil the nations demand.
The ChemTech scene in Australia seems to be improving because of the investments and the sale of assets of firms to the European counterparts of the industry.
Although the growth of this sector is very slow it can even come off to no growth if we consider short periods of time. Australia will be using its chemtech to further advance its researches in the fields of food tech, biotech, pharmaceuticals, specialty chemicals and some more categories to list.
Specialty chemicals in Australian chemical markets are less in the government and the private sectors will have to work together, they together should come up with a solution to help this sector of the industry to progress.
Specialty chemicals need a huge amount of capital inflow for the nation. Australia has the natural resources in abundance to dominate this industry. It just needs a bit of help from the government and with some collaborations from the private sector it could become a huge name in the industry across globe.