Global chemical recovery starts to slow

Chemical companies, Consumer demand, Economic growth

ACC prod Jun10.pngAt the mid-year point, its interesting to look at the performance of the total chemical industry, including pharmaceuticals.

The chart, from the American Chemistry Council, shows global demand has now recovered to 2008 levels. Pharma is more recession-proof than other parts of the industry, as people still become ill and need treatment.

In terms of Regions, N America remains the weakest performer:

• N America was up 5% in May versus 2009, with the ACC noting that “activity in the US softened“. Weakness was centred on petchems, organic intermediates and polymers.
• W Europe was up 12%, and growth seems to be peaking.
• Asia was up 12%, with earlier sharp gains now slowing.
• Middle East was up 13%, maintaining its performance as new plants come online.
• CEE was up 20%, as it benefits from the W European recovery.
• Latin America was also up 14%, helped by demand from China.

PREVIOUS POST

US new home sales fall 33%

24/06/2010

The blog is in gloomy mood today, in spite of last night’s England World C...

Learn more
NEXT POST

McBride warns of "weak retail sales across Europe"

28/06/2010

The blog is a great believer in the retail sector’s ability to help us for...

Learn more
More posts
If you don’t want to know the future, look away now
25/10/2020

Next week, I will publish my annual Budget Outlook, covering the 2021-2023 period. It will highlight...

Read
Chemicals in the eye of the storm as UK heads for a WTO Brexit on 1 January
18/10/2020

On Friday, the UK premier confirmed what many of us have expected for a long time. There is unlikely...

Read
Pandemic redraws the map
11/10/2020

  Companies have entered a new landscape where the coronavirus has accelerated major paradigm s...

Read
What will happen if President Trump loses the election?
04/10/2020

I spent from September 2015 onwards, during the last US Presidential election, trying to explain why...

Read
Covid fears risk a Great Depression and major social unrest
27/09/2020

Governments spent most of February/March ignoring my warnings here on the dangers posed by the Covid...

Read
Chemical industry has key role in helping to create a more sustainable world
20/09/2020

The chemical industry has a critical role to play in enabling the world to “build back better&...

Read
The state of the global economy in 2020
13/09/2020

Last Wednesday, I gave the opening presentation for the ICIS PET Conference and looked at whether th...

Read
Reality dawns for business as No Deal Brexit approaches
06/09/2020

I warned before the June 2016 Brexit referendum that Brexit was all about politics, and Boris Johnso...

Read

Market Intelligence

ICIS provides market intelligence that help businesses in the energy, petrochemical and fertilizer industries.

Learn more

Analytics

Across the globe, ICIS consultants provide detailed analysis and forecasting for the petrochemical, energy and fertilizer markets.

Learn more

Specialist Services

Find out more about how our specialist consulting services, events, conferences and training courses can help your teams.

Learn more

ICIS Insight

From our news service to our thought-leadership content, ICIS experts bring you the latest news and insight, when you need it.

Learn more