Bloomberg Talks
Dow CEO Jim Fitterling Talks Volume Growth
Apr 25, 2024
Dow CEO Jim Fitterling discusses volume growth in the chemicals industry, including insights on macro economic backdrop, sector growth, global chemical prices, and market trends. The discussion covers automotive, electronics, pharma, packaging, housing sectors, demand growth, industrial market trends, China's chemical franchises, Europe's advantages in energy costs, and the impact of lower feedstock and energy costs on earnings and global cost advantages.
08:00
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Quick takeaways
- Chemicals industry sees volume growth across sectors like automotive and pharma, signaling industry recovery.
- Different regions benefit from varying cost advantages and market positioning, impacting companies' financial performance.
Deep dives
Economic Outlook and Business Growth
Despite a previous economic slowdown, the chemicals industry is showing signs of improvement with consecutive quarters of volume growth. Various sectors such as automotive, industrial electronics, packaging, and pharma are experiencing strong demand growth, indicating a positive trend. Lower feedstock and energy costs have contributed to increased profitability, especially in Europe. Additionally, a rise in chemical prices, improved operating rates, and positive demand trends globally suggest a promising outlook for the industry.
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