Germany Petrochemicals Q4 2018
Basic petrochemicals face the prospect of stagnation with the potential for decline which may lead to a reduction insome capacity over the medium term. Polymers have been robust, led by niche products and end-market sectors, particularlyGermany's automotive sector. However, the prospect of a deepening trade dispute between the US and the EU is a major threat toGerman petrochemicals producers and downstream manufacturers. The threats to external market are joined by the uncertaintysurrounding Brexit, which threatens a decline in trade with the UK economy, one of the biggest petrochemicals markets in Europe.However, the German petrochemicals industry continues to attract investment, particularly in speciality and niche production and itis this competitive advantage that should enable the industry to rebound from any near-term downturn.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook