A Tough Spot: How Can the European Chemical Sector Navigate Unprecedented Challenges?
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décembre 06, 2024
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The European chemical sector continues to face challenges on several fronts – a perfect storm of continued subdued demand, geopolitical uncertainty, increasing regulatory changes and strong competition from other regions. In Germany, for example, traditionally a trailblazer for the European chemicals segment, the level of chemicals output in 2024 is almost 15% lower than in pre-pandemic times. Looking ahead, growth prospects for the European chemical industry remain limited, but not impossible, with recovery likely to be slow and uneven.
The answer should not be to just weathering the storm or waiting for change, but rather to making bold strategic decisions and taking steps to focus companies on those areas where a competitive advantage can be seized. Click here to download the full report “A Tough Spot: How Can the European Chemical Sector Navigate Unprecedented Challenges?” for a detailed analysis of challenges and opportunities.
Date
décembre 06, 2024
Contacts
Senior Managing Director