ADI Chemical Market Resources (ADI CMR) recently presented a webinar reviewing key trends and sharing an outlook for the global chemical industry. Uday Turaga shared research and insights from theADI CMR team’s research and consulting work.
Since ADI’s acquisition of Chemical Market Resources in late 2017, ADI CMR has completed more than 25 projects across the chemical industry value chain including polymers and copolymers, hot melt additives, tie-layer resins, chemical logistics, and oilfield chemicals. In addition, the ADI CMR team has updated several studies from its portfolio of 55+ multi-client reports covering a wide range of polymers and plastics.
Key insights from the ADI CMR webinar on the global industry outlook include the following:
- Global and U.S. chemical markets are underperforming after a strong cycle of growth and will likely stay challenged through the medium term primarily due to falling demand growth.
- Despite the falling demand growth, U.S. capital spending in chemicals is still anticipated to rise driven by the supply of cheap and plentiful shale-based feedstock along with some capacity additions elsewhere in the world.
- Third, the first wave of U.S. ethane crackers came online with most of them being devoted to LLDPE and some LDPE production all directed at exports. This export focus creates some risk given the on-going tariff wars along with significant dependence on global markets and competition with other suppliers.
- Finally, the medium-term growth drivers for the chemical industry such as distribution, sustainability of plastics, specialty polyolefins, and new process technologies were also discussed.
Please watch the webinar to learn more. You may download the webinar presentation here! Visit us at www.adi-cmr.com to learn more and contact us at info@adi-cmr.com or +1 (281) 506 8234.