Episode 1240: Think Tank: Demographics are economic destiny
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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