Dechema Ausstellungs-GmbH (Dechema Exhibitions), organiser of the tri-annual Achema, and Constellar, one of Singapore’s leading trade exhibition organisers, are launching Process Innovation Asia Pacific – Powered by Achema in 2024 as the most comprehensive Process Technology show for the region. The event’s inaugural edition will be held from 19 to 21 November 2024 at Singapore Expo.
With several industry exhibitions in the region relevant to process industries, exhibitors and visitors find themselves having to attend multiple shows in a year. Process Innovation Asia-Pacific – Powered by Achema will be meeting the region’s demand for a dedicated process technology show that brings together key decision makers, major global players and end users on one platform. The event aims to be the most comprehensive one-stop marketplace that facilitates and enables business growth in the process industries for the region. The impetus for, and design of, Process Innovation Asia-Pacific – Powered by Achema is premised on insights from comprehensive market research and customer needs analysis. The show will focus on four key sectors that show strong growth potential in the South-East Asian region: pharmaceutical, (petro-) chemical, biotechnology and food processing.
Asia-Pacific’s pharmaceutical and food processing market to grow
In the Pharmaceuticals and Biotechnology sectors where process technologies are key applications, Asia-Pacific’s pharmaceutical market is forecast to record 4.2% growth from 2022 to 2027, with emerging markets from India, Malaysia, Vietnam, Singapore, Thailand, and Indonesia. The region continues to play a significant role in shaping the future of pharmaceutical innovation globally, with total gross expenditure by major companies on research & development or R&D across the Asia-Pacific region surpassing 15 billion US$ in 2022.
Similarly, the region’s food manufacturing and processing sector is poised to see further growth and transformation. This is being driven by trends such as mass urbanisation in Asia offering a 10 trillion US$ consumption growth opportunity between now and 2030; increased consumer preferences towards alternative sustainable products and increasing demand for alternative proteins to manage growing strains on conventional animal agriculture.
According to market research, process technology focus companies are also majorly planning to invest in South-East Asia, one of the emerging economic regions in the world; while Singapore is the key destination for investment across all focus product segments.
Singapore: A Springboard into the Region
As the hub of innovation, technology exchange and investment in the region, Singapore was the ideal choice to host Process Innovation Asia-Pacific – Powered by Achema. Anchored in Singapore, the event will be a driving force for innovation, industrial growth and sustainable development within these sectors, as they will be enabled in accelerating their adaptability to market changes and support them in their journey to becoming higher value added industries.
“Asia Pacific is rightfully considered one of the most dynamic and fascinating regions in the world, embarking on a transformative journey of industrial growth and sustainable development. Innovations in pharma, biotech, chemicals and food processing naturally play a key role in advancing welfare and wellbeing, but also resilience and sustainability in emerging economies. Together with Constellar, we are proud to establish a new gateway into the global Achema community of process technology and expertise that is in high demand by the region”, said Dr Björn Mathes, CEO of Dechema Exhibitions.
“Constellar is proud to partner with Dechema Exhibitions to ignite process technology innovation and catalyse growth in Asia‘s key application sectors through Process Innovation Asia-Pacific – Powered by Achema. As Asia’s preferred convenor for businesses across verticals such as industrial transformation, F&B, fintech and energy, Constellar is excited to develop the go-to platform for the process technology sector to enable process optimisation, optimise resource efficiency and instil sustainable practices to advance their growth potential and transformation“, said Mr Paul Lee, Chief Executive (Markets), Constellar.
The first edition of Process Innovation Asia-Pacific – Powered by Achema next year expects to welcome more than 200 exhibitors and 10,000 attendees from 20 countries and regions.
