New challenges are arising from global megatrends, such as the growing world population and the rising demand for energy and raw materials, as well as climate protection.
The worldwide Foresight & Scouting unit of BASF New Business identifies new business areas and market opportunities beyond the existing businesses of BASF. We evaluate how the company’s chemical and technological know-how can contribute to the development of these business areas and guide these ideas through incubation to commercial viability.
Like the chemical industry, BASF sees itself as a key driver of innovations. With new products, materials, systems and technologies, BASF makes an important contribution to sustainable solutions for the pressing problems of the future.
We focus on identifying challenges and developing innovations based on chemistry to solve these challenges. The activities of BASF New Business center on the development of forward-looking concepts for the further development of BASF.
Our Foresight & Scouting unit comprises the Industry Foresight and Scouting groups. They work hand in hand to evaluate market trends, identify future markets, spot and develop trailblazing innovations and successfully establish these in the market.
Find out more about our Industry Foresight and Scouting groups.