Specialty chemicals have helped shape today’s global construction industry, introducing new levels of structural strength.
With few exceptions, the global automotive industry has made a solid recovery from the downturn in 2008.
Shifting patterns in supply and demand, cost pressures, market segmentation, third-party distribution, and other factors mean that chemical supply chains need to be increasingly agile.
“Slow but steady wins the race” might not be the official motto of Chinese policy makers, but it reflects a prudent, sustainable long-term perspective that the county’s economic policies appear to support.
China has long dominated Asia’s economic growth, with India close behind. Likewise, even two or three years ago, in the boardrooms of chemical companies around the world, an Asian growth strategy would focus on China, India, and nothing else.