Industry Outlook

Global Market Enters ‘More Mature’ Phase Chemical makers worldwide enter the new year upbeat as key indicators point to continued, if subdued, growth for the industry. The global industry is entering a “more mature phase” of the cycle but growth continues, says Kevin Swift, ACC’s chief economist and managing director/economics and statistics. “Downstream inventory destocking appears to have run its course and global chemical growth will improve to 4% in 2007, and then moderate to 3.6% in 2008. Growth in global chemical output...

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