At the 2022 FlexPO+, Uday Turaga, CEO, ADI Analytics, provided a comprehensive overview of the plastics and polymers market, delving into key trends, challenges, and opportunities shaping the industry. He said the chemical industry was facing headwinds, underperforming broader equity markets due to rising feedstock costs, declining return on capital employed, and slower volume growth, particularly from increased competition and underperforming emerging economies. Its tight link to natural gas made it vulnerable to price hikes.
However, megatrends like mobility, 5G, and infrastructure spending were creating new markets and driving demand for specialized products. While global capital spending was recovering, it faced competition from decarbonization and recycling projects. Companies were focused on shifting feedstocks, electrification, molecule management, and digital transformation to achieve sustainability goals.
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ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy transition, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum https://www.adi-analytics.com/forum/.
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