Global petrochemical industry could take three years to return to 2019 profits

The industry’s profits dropped by 44 percent going into 2019 because of overcapacity and declining demand. If there’s a muted recovery from COVID-19, the industry could see an additional 16 percent slide. It would take until 2023 to return to 2019 profits.

Petrochemicals industry profit pool, 2010–2023 (chart)

To read the article, see “The impact of COVID-19 on the global petrochemical industry,” October 28, 2020.