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The evolution of profitability and gross margin
performance of the roughly 250 existing chemical and
materials companies globally over the past one and a
half decade reveals a rather negative perspective
and investment potential. The chemical sector
responded to this evolution by cutting SG&A and R&D
expenses. Regardless of the decoupling of oil
and gas prices in the US (marked by the crisis of the sub
primes in 2008), the chemical sector was already losing
a part of its attractiveness, even before regions such as
Europe and Asia were confronted with the disadvantage
at the level of feedstock’s and energy cost.