Chemicals executives should not expect current trough conditions for chemical markets to improve in 2024 as the global slump in demand is likely to persist amid growing overcapacity.
- China moves to permanently lower economic growth
- China will become self-sufficient, posing major challenge to exporting countries
- Giant crude oil to chemicals plants may threaten existing industry
- Demographics, debt, cost of living crisis weigh on demand
- Chemical companies should focus on advanced materials, services, cutting carbon intensity
- Trade barriers could help protect regional industries, recycling sector
- Suez, Panama canals pose new challenges for 2024
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