Chemicals Industry Trends July 2024

July 2024 Industry trends Chemicals Ongoing recovery, with an uneven outlook among Global overview Rebound in Europe and the US supports higher global growth rates in 2024 and 2025. The chemical industry was amongst the worst impacted by the energy crisis in 2022 and into 2023, as output is heavily reliant on oil and gas feedstocks and requires energy- intensive manufacturing processes. High inflation and tight monetary policies kept feedstock prices high, while also causing key buyer industries and consume ...