2026 Chemical Industry Outlook

Deloitte· June 13, 2026

The chemical industry has entered a prolonged downcycle, leading analysts to significantly reduce global production growth forecasts for the next two years. Initial expectations for a 3.5% recovery in 2025 have been revised down to 1.9%, with 2026 growth now projected at just 2%. This downward revision reflects persistent uncertainty and volatility that have disrupted the industry's anticipated path toward stability.

Industry experts from Deloitte note that instead of the gradual recovery expected at the start of 2025, the sector faced a year defined by three key factors of instability. The outlook for 2026 remains slightly weakened compared to previous estimates, particularly as the industry navigates a complex global environment.

The revised figures highlight a shift in the sector's performance, moving away from the sustained growth and profitability strategies previously developed for oil, gas, and chemicals. Research indicates that pathways to sustainability and market analysis for natural gas and LNG remain critical components of the industry's evolving strategy.

Read the full story at Deloitte

Summary generated by RabbitReport AI from public reporting. The full article and original reporting belong to Deloitte.

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