英力士：太晚了！！

Core Viewpoint - The European chemical industry is facing a significant decline, with major companies like BASF and Dow Chemical retreating from the region, leading to a decrease in the EU's global market share from 27% in 2002 to approximately 13% in 2023 [1][2] Group 1: Industry Decline - The EU's chemical production capacity utilization rate is projected to be only 74% in Q1 2025, down from 74.4% in Q4 2024 and significantly below the long-term average of 81.4% [1] - BASF, the world's largest chemical company, has lowered its profit forecast by 84% for the upcoming year [1] - INEOS expressed disappointment with the EU's Chemical Industry Action Plan, stating it fails to address the urgent threats of high natural gas costs and rising carbon emission costs [3] Group 2: EU's Response - The European Commission announced a Chemical Industry Action Plan aimed at addressing high energy costs, global competition, and weak demand, while promoting innovation and sustainability [2] - The plan includes simplifying legislation for key chemicals, establishing a critical chemicals alliance, and implementing a plan to support low-carbon hydrogen development [2] Group 3: Comparison with China - By 2025, China is expected to become the largest producer and consumer of chemicals globally, holding a 50% market share in fine chemicals [5] - China's chemical industry is experiencing growth, with a reported 8.2% increase in the manufacturing of chemical raw materials and products in the first half of 2025 [5][6] - The Chinese chemical sector is anticipated to benefit from supply-side structural reforms, improving the supply-demand balance and allowing leading companies to gain market share [7]