
Industry - Global Industry Forecasts - Chemicals
Description
Industry - Global Industry Forecasts - Chemicals
Growth in global chemicals output returned to positive levels in Q4, albeit remaining meagre. Weather-related disruptions in the US, Covid caution in China, persistent supply-chain challenges, and high feedstock and energy prices weighed on production. Overall, global output grew by 5.9% in 2021. The Russia-Ukraine war severely clouds the outlook for 2022.
Growth in global chemicals output returned to positive levels in Q4, albeit remaining meagre. Weather-related disruptions in the US, Covid caution in China, persistent supply-chain challenges, and high feedstock and energy prices weighed on production. Overall, global output grew by 5.9% in 2021. The Russia-Ukraine war severely clouds the outlook for 2022.
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