Chemical Industry Outlook in 2020

Chemical Industry Outlook in 2020

COVID-19 has added yet another dimension of uncertainty in the chemical industry in 2020. While late 2019 estimates already expected a drop in overall manufacturing levels for 2020, current events have caused a reset on demand expectations . The strength in demand for medical and food packaging applications contrasts sharply with severe declines in demand for the automotive sector.

The chemical industry is closely tied to its end markets, and despite past gains in construction-related chemicals, home builder confidence in the US is at its lowest level since 2012. Medical, hygiene, and food packaging markets are benefiting from demand surges due to the pandemic. In some cases, demand has shifted from B2B to B2C channels, causing shifts in production capacities. Demand in these sectors should remain strong throughout 2020.

In these conditions, chemical companies are  expected to invest in innovation and look for new growth opportunities, revenue streams, and technology development. 

You can read more here.

About the author

Dr. Mariana Damova is the CEO of Mozaika, a company providing research and solutions in the field of data science, reasoning with natural language semantics, and natural human computer interfaces, creativity enhancing applications, and research infrastructures for the humanities. Previously, she was a Business development Manager and a Knowledge Management Expert specializing in ontology engineering and linked data management at a world leading technology provider. She was instrumental in the successful winning and knowledge modelling of large data integration and management projects such as the Semantic Knowledge Base for The National Archive of the United Kingdom and Research Space for the British Museum, as well as European FP7 projects such as Europeana Creative and Multisensor. Her work focuses on the design and development of data integration infrastructures which allow efficient querying, access and navigation over linked data. She has managed the building of the official experimental Europeana SPARQL endpoint holding Europeana semantic data. Mariana holds a PhD from the University of Stuttgart and teaches semantic technologies and multimedia at the New Bulgarian University in Sofia. She regularly reviews books and articles for ACM and has authored books and scientific articles in linguistics and semantic technologies. She has successfully lead international interdisciplinary teams and projects carrying technological risks, driven and managed change in engineering and operational contexts in North America and in Europe, and acquired the ability to leverage marketing requirements with knowledge intense technological solutions.

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