—Facts & Figures Of The Chemical Industry “For the chemical industry, 2008 started strong, but recession dragged it down” It will be a long time before the world's chemical company employees forget the roller-coaster ride that was 2008. The industry had a promising start, but it couldn't avoid the economic devastation that spread to almost every corner of the globe. Indeed, many of the total figures for 2008 recorded in Facts & Figures do not yet reflect the full force of the current recession. The year started on a high note. Strong demand for the industry's products, especially in emerging markets, made up for rising energy costs. By the end of the first quarter, however, flat sales volumes and concerns about the effects of the emerging financial crisis suggested tough times ahead.
by C&EN Staff Members |
July 06, 2009