The briefing examines how the chemical products industry performs globally and in the largest countries in terms of chemical products output. The report also provides data for production, market size, imports, exports, industry’s costs, industry’s profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
This report comes in PPT.
Stricter emission standards are being imposed globally, resulting in companies investing in more sustainable production. B2B buyers are expected to increasingly prioritise circularity, driving chemical companies to accelerate their decarbonisation technologies, re-evaluate their existing assets and renounce usage of hydrocarbons.
Low oil prices dragged down prices for chemicals derived from petroleum in 2020, illustrating the high volatility to oil price fluctuations within the sector. Moreover, oil plays a huge role in increasing or decreasing demand for chemicals. The competitiveness of production in regional terms is also highly reliant on oil prices, as oil remains a widely used feedstock within the global chemical industry.
The COVID-19 pandemic has had a significant effect on the chemical industry’s global supply chains. To prevent further disruptions, companies seek to locate their supply chains within the nearby region. Moreover, governments are taking efforts to bring production back to their countries and investing in self-sufficiency.
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