How to succeed in the global market: The path to profitability for chemical firms
While the chemical sector is certainly a global industry, today's firms don't compete on a level playing field.
According to McKinsey, China alone already makes up more than 30% of chemical demand and supply, and the 40% mark appears to be in reach. Meanwhile, projections suggest that volume growth for chemicals outside of China will continue to trend downwards for the foreseeable future.
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While the chemical sector is certainly a global industry, today's firms don't compete on a level playing field.
According to McKinsey, China ...