Blog & News

Strategic straits are critical routes for global commodity trade, supporting the movement of energy, petrochemicals, fertilizers, agricultural goods, and industrial materials while influencing supply chains and market stability.

An overview of how the petrochemical industry supports modern agriculture by enabling fertilizer production, crop protection, irrigation infrastructure, food packaging, transportation, and more efficient farming systems.

Discover the major forces shaping the global petrochemical market in 2026, from supply-demand imbalances and feedstock volatility to regional capacity shifts, trade flows, and procurement risks that buyers should monitor closely.

The Iran War highlighted global petrochemical supply risks as Strait of Hormuz disruptions, LNG facility concerns, and energy infrastructure instability affected feedstocks, shipping routes, and international trade flows.

South Korea has initiated a major petrochemical restructuring program as producers face oversupply, weak demand, and rising competition. The move highlights growing pressure across Asia's petrochemical sector and signals broader industry transformation.

Europe's petrochemical industry is facing major restructuring driven by high energy costs, weak demand, and global competition. The trend is accelerating plant closures, reducing production capacity, and reshaping regional trade flows.