PODCAST: Expect plant closures within 18 months; industry must grasp new opportunities
Will Beacham
14-Jan-2020
BARCELONA (ICIS)–The global chemical industry can expect to see plant closures within the next 12-18 months as an economic downturn and overcapacity bite into margins, but new opportunities exist for the sector, a leading consultant says.
A big jump in chemical capacities has already hurt margins across several value chains, with more to come in 2020. Meanwhile challenges such as Brexit, the end of globalisation, an ageing population and rise of the sustainability agenda make it imperative for chemical company executives to pursue new business strategies, according to International eChem chairman, Paul Hodges.
Paul’s 2020 outlook article is available in the latest issue of ICIS Chemical Business.
Podcast interview by Will Beacham
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
