At the 2023 FlexPO+ (now incorporated into the ADI Forum), Uday Turaga, CEO, ADI Analytics, spoke of the critical challenges facing the chemicals and polymers industry. He said the chemical industry faced short-term challenges from energy costs and uncertain demand. These challenges impact profitability. However, medium-term optimism for the future of chemicals and polymers was driven by megatrends like energy transition, green hydrogen, and 5G. The focus remained on adding value to commoditized products. Addressing recycling and decarbonization hurdles were crucial elements.
While some manufacturing shifts were occurring, broad deglobalization in chemicals was unlikely. This is due to the industry’s reliance on cost-advantaged feedstocks, which will influence the future of chemicals and polymers. Changes in China’s funding models suggested a more level global playing field for chemical capacity.
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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.
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