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The Coronavirus’ Effect on the Chemicals, Coatings & Plastics Industry, Business and Industry Trends Analysis

= Lower prices of feedstocks for petrochemicals plants, in terms of lower natural gas and petroleum-related costs. However, this was not good news for firms (such as ExxonMobil and Saudi Aramco) that produce oil and gas as well as convert them into petrochemicals. By mid-2021, prices had bounced back to much higher levels.

= Reduced demand from many categories of industrial customers, such as the automotive and aircraft industries. By 2021, demand had resumed.

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