Recently, a number of analysts, including S&P Global and the American Chemistry Council (ACC), have made forecasts for the global chemicals market in 2024. These analysts point to a modest recovery in the global chemicals market in 2024. As ACC predicts, the global chemicals market will grow by 2.9% in 2024, compared to only 0.3% in 2023. However, market participants also said that in 2024, the market will continue to suffer from overcapacity, which will limit the recovery prospects of the gl