What will be the situation in the chemical industry next year?
Thread Content
Will chemical products reach a new level next year? Especially pyrethroid-based products? I wonder if anyone here is forward-thinking; we could exchange ideas.
Let’s hope the chemical industry does better next year!
The economic situation will deteriorate further next year, and the chemical industry will not be in a better position either
The chemical industry, like other industries, is just like the one I work in – the steel industry. It’s all due to economic factors; once the money in people’s pockets becomes more valuable, prices will rise as well.
Pyrethroids are pesticides; they belong to a different industry from the chemical industry... In terms of basic chemicals, the top 10 companies in the world are all performing poorly this year, with numerous layoffs taking place. As far as I remember, only BASF saw growth; all the others experienced declines. When it comes to pesticides, the situation is completely different. The top six research-driven companies in the world continued the trend from last year, achieving double-digit growth rates, and it is likely that they will continue to perform well next year as well.
The chemical industry looks promising; it’s relatively stable, I guess