Steps were Taken by the Market Amidst will Support the MEA Chemical Industry Amidst the COVID-19 Pandemic
Published: Oct 2020
The Middle East & Africa (MEA) chemical industry will see a considerable growth of around 2.4% during the forecast period. The Middle East’s chemical industry has grown significantly over the past two decades. Industrial output in the Middle East is largely focused on the production of refined petroleum and basic chemicals, particularly petrochemicals, as there is easy access to low-cost oil and gas.
Government Initiatives for Expansion of Foreign Companies will Support Japan Chemical Industry amidst COVID-19 Pandemic
Published: Oct 2020
Japan chemical industry will see the considerable growth of 0.3% during the forecast period. The chemical industry has significant contribution into the economic growth of the country. The economic uncertainty has been increased due to the COVID-19 pandemic. Chemical industry plays an important role in Japanese global trade. Japan relies on China for intermediate input ingredients for manufacturing end- user chemical products.
A Rise in Sales of Hand Sanitizers will Support the Indian Chemical Industry Amidst the COVID-19 Pandemic
Published: Oct 2020
The Indian chemical industry will see a considerable growth of 4.8% during the forecast period. India is anticipated to notice a considerable impact on its chemical industry due to the outbreak of the COVID-19 pandemic. Amid this ordinance, in March 2020, Tata Chemicals, one of the major chemical manufacturers in the country had ceased its manufacturing operations located in the south-eastern state of Andhra Pradesh, and two plants in the southern state of Tamil Nadu.
Continuous rise in Plastic Packaging amidst the COVID-19 Pandemic will Support Germany Chemical Industry
Published: Oct 2020
Germany chemical industry will see a considerable growth of 2.1% during the forecast period. Growing plastics packaging production is further contributes to the adoption of chemicals in the country. The German Plastics Packaging Industry Association (IK) had expected as a 5.1% rise in sales for German plastic packaging production in 2018 and a 3.9% rise in volume. The growth has been witnessed in all segments. IK had anticipated that the sector turnover will reach nearly $17.2 billion in 2018.
Impact of COVID-19 Pandemic on France Chemical Industry
Published: Oct 2020
France chemical industry will see a considerable growth of 2.0% during the forecast period. France is the fifth-largest economy across the globe and the third-largest economy in Europe. As per the International Monetary Fund, the GDP of France was $2.77 trillion in 2018. As per the Central Intelligence Agency, the population of the country was 67.3 million in 2018. The chemical industry is a key contributor to the French economy.
Impact on Natural Gas and Oil Prices in the European Chemical Industry amidst COVID-19 Pandemic
Published: Oct 2020
European chemical industry will see a considerable growth of 1.8% during the forecast period. Key importers of Norwegian gas in Europe include UK, Germany, Belgium, and France. Currently, the natural gas and crude oil producers are facing concerns regarding production and supply due to the widespread of COVID-19 pandemic.
Impact of the COVID-19 Pandemic on China Chemical Industry will affect the Global Automotive Industry
Published: Oct 2020
China chemical industry will see a considerable growth of 3.3% during the forecast period. The outbreak of the COVID-19 has made the Chinese chemical industry under strain owing to the increased infection rate, city shutdowns, and transportation ceases across the nation. The rubber chemical is among the major components to produce auto tires and other auto parts including hoses, belts, and gaskets.
China will Foresee a Major Downfall in the Asia-Pacific Chemical Industry due to the COVID-19 Pandemic
Published: Oct 2020
Asia-Pacific chemical industry will see a considerable growth of 3.0% during the forecast period. The outbreak of the COVID-19 has made the Chinese chemical industry under strain owing to the increased infection rate, city shutdowns, and transportation ceases across the nation. China is the key supplier of different chemicals used in the formation of finished products such as plastic, fertilizers, and medicines and for other intermediate products used in countless industries.
Bailout Packages have been Steadily Driving the North American Aviation Industry amidst the COVID-19 Pandemic
Published: Oct 2020
The North American aviation industry will see a considerable growth of 4.2% during the forecast period. Airlines and airport managing companies are seeking bailout packages from the government. On March 16, 2020, Airlines for America, an industry trade organization that advocates for major US airlines asked for $50 billion in assistance from the federal government through $25 billion in grants, $25 billion in low-interest loans, and significant tax relief (which includes a $4 billion return for taxes they’ve previously paid). The US government agreed a $25 billion bailout for the beleaguered airline industry.
Production for Hygiene and Medical Products will Support the US Chemical Industry amidst the COVID-19 Pandemic
Published: Oct 2020
The US chemical industry will see the considerable growth of 2.0% during the forecast period. COVID-19 negatively impacted the operations of the chemical industries in the country due to the disruptions in the supply chain and closure of manufacturing plants. Though, the market players considerably overcome the loss with the production of hygiene and medical products for COVID-19.