COVID-19 Outbreak Impact on Chemicals & Materials Market Size and Global Demand
Market Overview Global chemical and materials market is witnessing a complete transformation due to the pandemic COVID-19 and its rapid speed to take over various regions. Market Research Future (MRFR) makes a detailed analysis of the situation in their latest report and finds high demand for protective gears and disinfectants, rising traction for antimicrobial additives, and a surge in intake of plastic and glass for manufacturing PPE as major factors. However, the market may suffer in the coming days for economic restraints, disruptions of supply chains, changes in petrochemical prices, and others. The market could get better opportunities with increased demand for textile fabrics to maintain various health and hygiene measures. Better performance from new entrants can boost global market growth. Industry News In April 2020, Nippon Shokubai and Sanyo Chemical Industries announced that they would delay their merger agreement and postpone their joint ventures due to the ...