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. =         Increased demand for cleaning and disinfecting agents and chemicals, such as bleach. =         Increased demand for packaging for retail grocery items. =         Delayed or cancelled…

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