Episode 1240: Think Tank: Demographics are economic destiny
New analysis suggests the chemical industry may face a more rapidly aging and shrinking populatio...
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Show Notes
New analysis suggests the chemical industry may face a more rapidly aging and shrinking population in key markets such as China, while the subsequent drag on demand means new business models will be required.
- China-driven petrochemicals Supercycle is over
- China’s population may be aging and shrinking more quickly than previously thought
- China may switch to become net exporter of many synthetic resins
- Demographic shifts will shrink demand for chemicals throughout developed world
- Developing world faces challenges which may slow growth
- New business models will be required to create opportunities from these trends