Impact of Covid-19 on Chemical Industry

The Chemical industry noticed a severe impact due to the COVID-19 crisis as it cause global supply chain disruption, fall in the oil prices due to failed agreements on production, and halt in the production facilities of various end-user industries such as automotive, transportation, etc., which hampered the demand for the chemicals products due to industrial slow-down. Thus, this further resulted in unprecedented hits in the stock prices of chemical companies. Moreover, on the other side, demand for chemicals and refined products from pharmaceuticals, food additives, and disinfectants is mushrooming in order to curb the spreading to the virus. To know the more precise impact on the industry fill the required information and we would be happy to assist you.