Bad business situation has become The chemical industry norm, 2015 is no exception, and in 2016 will continue. BASF chairman Kurt. Said a letter to shareholders in February of this year “,” we are in the decades of the most turbulent period in 2015, an average price of $52 a barrel, only half of 2014. Oil prices fell sharply not only shows that the excess oil supply, and that the global economic slowdown, especially in emerging economies”.

A slowdown in economic growth in emerging economies has been reflected in the list. In this year’s list of the top ten, still only Sinopec, Saudi Basic Industries and taishu the three emerging economies of the enterprise, but they are relatively stable. Other emerging economy companies ranked a sharp decline in this year’s list, such as the Brazil branch company, Thailand Blass PTT global chemical company and the United Arab Emirates IPIC have fallen off the list before twenty.

Mergers and acquisitions to reshape the market pattern

The next one or two years, A merger or acquisition will enable the global chemical industry The chemical industry re qualifying, especially some large mergers and acquisitions.