Shifts in Global Trade and Demographic Impacts on Demand

·       Global trade increasingly driven by politics

·       Years of low inflation have distorted markets by allowing unprofitable companies to stay in business

·       Global trade terms clearer but the impacts to supply chains still unfolding

·       Demographic shifts continue to rise up policymaker agendas

·       Trade relationships and the path of AI development are key factors for the sector in future

·       At current trajectory, chemicals down-cycle could run for years