S&P Global Commodity Insights takes a deep dive into the many macro- and micro-level factors that are likely to impact the global chemicals markets in the first half of 2024.
While the challenges of overcapacity and low demand still linger for some chemicals, market participants are keeping a close eye on developments in China, where the property sector has been struggling and exports of many chemicals have soared in recent years.
Chemical producers in Europe are expected to face tough times ahead, but the bright spots for the global industry are India’s positive economic growth outlook and the possibility of another strong year for gasoline blendstocks.