The chemical industry faces a number of roadblocks in the near term.
The good news for chemical makers, according to Zack’s Research, includes continued strength in the automotive sector, expansion into high growth markets, aggressive cost management, acquisitions and capacity expansion. Still, there are a number of reasons for the industry to be cautious in the near term.
Among these, according to Zack’s, is a slowed Chinese economy and sluggishness in some of Europe’s major economies. Other roadblocks for chemical makers reportedly include depressed demand in the energy space, commodity pricing and challenges lingering in the fertilizer/agrichemical space.
