ICIS - chemical podcasts
Episode 1287: Think Tank: Top trends that will steer chemical industry in 2025
Jan 10, 2025
Nigel Davis from ICIS shares insights on chemical industry trends, while John Richardson analyzes global capacity and trade dynamics. Paul Hodges discusses how geopolitical factors will impact the market. They explore the troubling rise of global overcapacity and depressed demand. The conversation highlights the potential effects of Donald Trump's tariffs on trade and inflation. Plus, they delve into China's struggling economy and the challenges of misinformation. Amidst the chaos, they pinpoint growth opportunities linked to the low carbon agenda.
31:35
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Quick takeaways
- The chemical industry must adapt to worsening global overcapacity and continue facing depressed demand alongside geopolitical uncertainties, particularly regarding trade tariffs.
- Sustainability and innovation are essential for competitive advantage as companies strive to lower carbon footprints and meet evolving regulatory expectations in the chemical sector.
Deep dives
Supply and Demand Challenges
The chemical industry faces significant supply and demand imbalances that have been affecting margins and leading to closures, particularly in Europe. A surplus of production capacity in China has contributed to these challenges, while high energy costs in Europe further complicate growth opportunities. As a result, companies are expected to focus on improving efficiencies and seeking out higher-margin segments of the market rather than expanding capacity. The situation remains fluid, with potential changes influenced by global economic factors such as rising interest rates and geopolitical tensions.
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