No recovery in sight in 2024 for Europe’s crisis-ridden chemical industry
December 29, 2023 Comments Off
Europe’s chemical industry enters 2024 mired in one of the deepest crises it has ever faced. The industry struggled with weak demand throughout 2023, which caused chemical prices to drop at a time of historically high costs, particularly for energy and feedstocks and exacerbated by heavy labor and regulatory expenses. The impact on Europe-based companies’ financial results has been harsh…
No recovery in sight in 2024 for Europe’s crisis-ridden chemical industry
Europe’s chemical industry enters 2024 mired in one of the deepest crises it has ever faced. The industry struggled with weak demand throughout 2023, which caused chemical prices to drop at a time of historically high costs, particularly for energy and feedstocks and exacerbated by heavy labor and regulatory expenses. The impact on Europe-based companies’ financial results has been harsh…
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