The closure of chemical plants in Europe and elsewhere could remove essential raw material supplies, threatening the future of downstream industrial value chains.
- Global oversupply, driven by China, forecast to reach over 200 million tonnes/year by 2028
- Interconnected value chains threatened if important raw materials cease production
- Globally 20 million tonnes of ethylene capacity may need to be shut down by 2030
- In Europe 5.6 million tonnes/year of polypropylene (PP) capacity may need to close
- Integrated chemicals sites under threat if parts shut down
- Industry associations could help plan to maintain critical raw materials supplies
- Anti-dumping measures could protect exposed markets
- China polyvinyl chloride (PVC) overcapacity may increase exports globally
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