Company – 1st Source Research

Who is 1st Source Research?

1st source research facility

 

Whether you are developing a new product or need help with existing products in new markets, 1st Source Research is available to help. Our research team can support you, through fast and efficient product development and testing that is specific to the needs in your market space.

At 1st Source Research we routinely produce and characterize a wide variety of polymers and resins as well as formulate new products. In our synthesis we bring to bear the considerable expertise of our knowledgeable staff. In addition to producing novel products, we also modify existing resins with additive technologies to enhance performance properties. This enhancement often allows for improved properties without the need to fully reformulate your product. All of our work is done based on the understanding of expressed and unmet needs in the marketplace.

With over 100 years of collective experience, 1st Source Research brings a significant level of expertise to the industry.

1st Source Research was started in response to a perceived market need for outsourcing in the industry. The perceived need was explored in concert with SpecialChem4Coatings. Utilizing SpecialChem’s unique position on the web, 1st Source Research was able to quantify the needs of the industry it serves. 

 

Formulation development was the first aspect of outsourcing that was investigated.

Visitors to the SpecialChem website were asked the following question:

“Would you consider outsourcing formulation development to benefit from experienced staff and variable cost?”

The respondents were asked to choose from one of six predetermined answers. These answers are shown on the graph to the left with the accompanying frequency of choice.

The results indicate that nearly 70% of individuals surveyed have a need for outsourced support in formulation development.

The second aspect of outsourcing dealt with the needs for resin/binder development.

Visitors to the SpecialChem website were asked the following question:

“Would you consider outsourcing new resin/binder development?” The respondents were again asked to choose from one of the six predetermined answers. These answers are shown on the graph to the right with the accompanying frequency of choice.

The results indicate that over 60% of respondents indicated a strong desire for such a service.

The following statements reflect this trend:


 

The Economist

“The focused nature of the new employment growth can be attributed in part to the fact that the recovery has been outsourced.”

“firms…are expanding through contracts with outsourcing firms rather than permanent recruitment.”

“This reflects the uncertain nature of the recovery, but it also indicates a move towards leaner business models.”

 

Chemical & Engineering News

“What continues to keep R&D directors up at night is worrying about how to balance long and short-term considerations.”