• Slowing Demand Growth: After years of rapid expansion, demand growth for petrochemical products is decelerating, impacting profit margins.
• Capacity Additions: Increasing petrochemical production capacity
• Market Volatility: The industry is experiencing fluctuations in demand, exacerbated by the uncertainties brought on by the COVID-19 pandemic and global supply chain disruptions.
• Sustainability Pressure: Growing concerns about environmental sustainability and plastics waste necessitate changes in production and recycling processes.
  

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