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Chemical Industry Outlook

Chemical Industry Outlook

Chemical industry55%65%46%82%62%123455565468262Chemical Industry OutlookFocus shifting toward new value streams and applications that can drive industry recovery and future growth. Owing to end-market diversity and exposure to more resilient sectors, the impact of the economic recession on the state of the chemical industry will likely be moderate in 2021 when compared with other industries, such as automotive. Chemical companies to increasingly leverage remote and digital sales channels.Unlike the recent downturns that were primarily cyclical in nature, chemical companies are now experiencing significant changes in how they operate and the way they serve customers. Emerging opportunities amid growing concerns around plastics wasteFeedstock volatility unlikely to change the global export competitiveness of US chemical companies. Fifty-eight percent of chemical executives in a recent Deloitte postelection poll indicated they believe the feedstock cost advantage for export competitiveness will continue through at least the next three years for the US chemical goods industry. Policy proposals related to regulation, trade, and sustainability could have material impact the new administration has pledged to review industry tariffs, as his campaign views them to be a less effective trade tool compared to other measures, such as alliances and coalitions. Company Name/ Date
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publish time: 2021-02-01
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Chemical companies to increasingly leverage remote and digital sales channels. Unlike the recent downturns that were primarily cyclical, chemical companies are now experiencing significant changes in how they operate and the way they serve customers. Check more circle diagrams in EdrawMax and find more for inspiration.

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