Chemicals & Specialty Materials Industry Update Q2 2023
Q2 2023 Price & Volume Trends by Sub-Sector
Chemicals & Specialty Materials Update Q2 2023
Download PDFChemicals & Specialty Materials Q2 2023 Earnings Summary
Continued weakness across the board
- Performance continued to deteriorate in Q2 2023 with overall organic growth declining (12.7%) versus Q2 2022
- Favorable pricing increases observed in the previous two quarters faded as a majority of the sub-sectors reported year-over-year decrease in prices (down 5.5% on average). The following sub-sectors bucked the downtrend:
- Minerals & Inorganics continued to push through price increases given a tight supply market and strong demand from lithium end-market; and
- Coatings & Adhesives and Specialty Chemicals players experienced a modest increase in prices
- Year-over-year volume continued to decline (down 7.2% on average) across the industry amidst persistent macro-economic challenges
Price: YoY Δ
Volume: YoY Δ
Organic Growth: YoY Δ
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