Chemicals in 2026: Prolonged downturn in commodities delays sector recovery
The chemical industry will continue to suffer from oversupply, weak industrial and consumer demand in 2026. Companies are restructuring and closing capacity to improve profitability, but cash flows and credit metrics remain weak, driving negative rating actions.
In this webinar, panelists explored key drivers shaping the chemical industry, identifying subsegments that are closer to recovery, while explaining our rating actions and global structural pressures, particularly in Europe.
Topics included:
- Which sub-sectors will remain in the trough longer and which will recover sooner?
- How will China’s involution policy impact future supply?
- What are ongoing impacts and long-term consequences of the conflict in the Middle East?
- What are our expectations for European chemical producers over the next two years?
- How will the downturn reshape the industry through M&A and divestitures?
Speakers
Karen Berckmann
Associate Managing Director, Corporate Finance Group
Moody's Ratings
John Rogers
Senior Vice President, Corporate Finance Group
Moody's Ratings
Anastasija Johnson
Vice President - Senior Credit Officer, Corporate Finance Group
Moody's Ratings
Jiming Zou
Vice President - Senior Credit Officer, Corporate Finance Group
Moody's Ratings
Janko Lukac
Vice President-Senior Analyst, Corporate Finance Group
Moody’s Ratings
Chris Scott
VP- Senior Analyst, Corporate Finance Group
Moody's Ratings
Roberto Pozzi
Senior Vice President, Corporate Finance Group
Moody’s Ratings
Mike Zhu
Vice President - Senior Analyst, Corporate Finance
Moody's Ratings
Mikhail Shipilov
Vice President-Senior Analyst, EMEA Corporate Finance
Moody's Ratings
Carolina Chimenti
VP-Senior Analyst
Moody’s Ratings
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