Europe’s chemical industry moves into crisis mode
Chemicals contribute to 96% of manufactured goods. So if the Commission and governments don’t now provide major support at this time of crisis, the whole European economy will be at risk.
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The end of globalisation creates new opportunities for European companies
Petrochemicals has become a major battlefield for producers in China, the USA and the Middle East. They are the ‘elephants in the market’. And so it makes sense for Europe to focus instead on ‘local-for-local’ opportunities.
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Europe’s salt-based chemical industry confirms major downturn
Dow Chemical’s Q2 results highlight the risks. It lost $801m and halved the dividend. And its CEO called for action to “restore competitive dynamics”
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Europe’s chemicals market highlights move into recession, and risk of future deflation
The chemical industry is now starting to warn us of a new risk. Europe is already suffering from a cost of living crisis. And people simply can’t afford to pay even higher prices for energy. At a certain point, therefore, demand may simply collapse, and usher in deflation
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