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Report: Chemical Trends for H2 2024

Stay ahead of the curve and understand how these trends impact your business strategy.

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Oil & Gas IQ
10/02/2024

chemical trend

S&P Global Commodity Insights new report unveils its comprehensive analysis of macroeconomic trends influencing the global chemicals markets in the second half of 2024. This in-depth report covers various sectors, including base chemicals, derivatives, and shipping.

As the industry navigates a complex landscape, the report explores critical market fundamentals and the geopolitical factors that shape supply and demand dynamics. The analysis highlights the sector's challenges, such as ongoing overcapacity and subdued demand in specific areas. 

The report also provides insights into logistics and the broader economic environment, making it essential for stakeholders looking to make informed decisions.

Key takeaways include: 

  1. Market Fundamentals: The global chemicals market faces challenges such as persistent overcapacity and low demand, particularly in ethylene, phenol, and acetone sectors across Asia and Europe
  2. Recycled Polymers: The performance of recycled polymer markets varies by region, influenced by differing regulatory frameworks, with the US showing promising developments despite broader economic challenges
  3. Financial Market Impact: Anticipated falling interest rates in Europe may boost demand in the chemical sector, while the US Federal Reserve's potential rate increases could further constrain economic growth

Download your copy here.

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