• Industry: Chemicals
  • Type: Business and industry issue
  • Date: 1/02/2010

The future of the European chemical industry 

The European chemical industry is facing the dawn of a new reality. While the industry worldwide is still reeling from the current cyclical downturn and the recent global recession, chemical companies in Europe are faced with the ongoing rise of new competition in the Middle East and Asia (especially from China and India).
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These factors appear to be driving an inexorable shift eastward in the global chemical industry, particularly at the bulk/commodity end of the sector.