Petrochemicals in 2024: Capacity Overbuild and Codependent Markets with John Richardson of ICIS - Ep. 144
The Chemical Show: Where Leaders Talk Business
Show Notes
What factors are driving petrochemical markets today? Join this conversation between Victoria Meyer and industry-expert John Richardson of ICIS as they discuss the trends and influences on the Asian and global petrochemical markets. Including:
- Excess capacity due to overbuilt olefins and polyolefins assets
- Global co-dependence on China for petrochemical consumption and demand growth
- China's shift to "mature" growth of 1-3% p.a. from "fast growth" 6-8% p.a.
- How leaders are handling economic and market challenges
Download John's latest analysis on petrochemical markets here.
Killer Quote: "2024 and beyond will be a roller coaster ride for the industry, with China's dominance in global demand dictating the trajectory. The key will be for companies to navigate this landscape, whether they are giant international players or small local companies.” –John Richardson
Prior interviews with John:
Episode 102: China’s Aging Demographics and the Future of the Chemical Industry with John Richardson
Episode 79: How The China Market Affects Chemical Prices With John Richardson
Episode 36: How China’s Response To Chemicals Is Affecting the World With John Richardson of ICIS
Episode 22: Understanding Market Demand To Manage Your Business Amid Uncertainty With John Richardson