Chemical Processing Industry Faces Short-term Demand Destruction, but Long-term Demand Intact, So Far

SUGAR LAND, TEXAS--May 15, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas) --The global Chemical Processing Industry (CPI) faces a "very significant destruction of demand in the near term" due to the COVID-19 pandemic, Trey Hamblet, Industrial Info's global head of chemical processing research, said during a webinar on Wednesday. But the expected impact on project spending is less pronounced in the medium term and long-term, he said: there has been a "deterioration" in the outlook for medium-term project spending around the world, but the outlook for long-term projects "is intact, with no deterioration, so far."

Within this article: Details of Industrial Info's 2020-2021 Global Chemical Industry Spending Outlook webinar.