At the 2024 ADI Forum, Uday Turaga, CEO, ADI Analytics provided a snapshot of the chemicals and plastics industries’ expected performance, including market trends and challenges. He said the chemicals industry had faced a tough few years, with mixed but improving outlooks. While energy and feedstock prices were falling, chemical margins remain challenged, contributing to a slower growth pace than historical cycles. Megatrends centered around energy and materials transition (e.g., sustainability, low-carbon feedstocks, recycling) continued to support the industry.
Additionally, capital spending in chemicals was growing modestly, with nearly a quarter now diverted towards sustainability projects. However, the regulatory landscape for chemicals was becoming increasingly challenging. The U.S. chemical complex maintained its cost competitiveness due to stable natural gas prices.
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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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