At the 2023 FlexPO+ (now incorporated into the ADI Forum), Uday Turaga, CEO, ADI Analytics provided an outlook of the commoditization of the specialty chemicals industry and the performance of various segments over the past decade.
Key topics included the higher returns of specialty chemical segments despite a challenging H1 2022. There was a notable shift in production capacity to China and emerging markets, creating competitive pressure. Strategies to combat commoditization involved differentiating product grades and offering tailored solutions for price premiums, even in mature markets.
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