PODCAST: Demographics are economic destiny

BARCELONA (ICIS)–New analysis suggests the chemical industry may face a more rapidly aging and shrinking population in key markets such as China, while the subsequent drag on demand means new business models will be required.

• China-driven petrochemicals supercycle is over
• China’s population may be aging and shrinking more quickly than previously thought
• China may switch to become net exporter of many synthetic resins
• Demographic shifts will shrink demand for chemicals throughout developed world
• Developing world faces challenges which may slow growth
• New business models will be required to create opportunities from these trends

In this Think Tank podcast, Will Beacham interviews Nigel Davis and John Richardson from the ICIS market development team and Paul Hodges, chairman of New Normal Consulting.

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

ICIS is organising regular updates to help the industry understand current market trends. Register here .

Read the latest issue of ICIS Chemical Business.

Read Paul Hodges and John Richardson’s ICIS blogs.