For chemicals manufacturers, market volatility is the new normal. It’s a daunting fact to accept, but it is the truth. With oil prices having reached a six-and-a-half year low, multiple industries are noticing the effect external market forces can have on their business.
Even industries beyond what you’d expect are feeling the impact. According to the American Chemistry Council, sales of chemicals to the machinery, construction and fabricated materials industries accounted for roughly $24 billion in 2014 alone.