The PCC Group portfolio includes chemical raw materials and special products with different functions and applications. In our work, we focus on developing and providing our customers with innovative chemical industry companies raw materials featuring the best parameters, and ensuring maximum performance in formulations and both the technical and technological processes.  Check out the examples of applications and functions of our products, and find the best solutions for your company!
After a challenging end to 2022, many in the chemical industry companies anticipated a modest rebound in production in 2023. But, by mid-2023, several chemical industry companies significantly revised down their expectations.1 Multiple factors contributed to sluggish demand for chemicals globally, including a recession in Europe, inflation in the United States, and a smaller-than-expected rebound in demand from China. In addition, over-ordering in 2021 and 2022 resulted in high inventory levels, leading to months of destocking. Consequently, chemical output grew less than 1% year over year in the first eight months of 2023, with many segments experiencing lower output.2 Many companies have turned their focus to reducing costs and improving efficiencies to help offset this reduction in output.

In the United States, fears of an economic downturn have faded with increased signs of a “soft landing,” but economic growth is still expected to slow down,3 leading many analysts to forecast only a modest rebound in chemical production.4 Destocking will likely transition to restocking for many chemicals, but the underlying weakness in demand and overcapacity for some products will likely continue. Under these market conditions, chemical industry companies should balance their short- and long-term goals. The American Chemistry Council expects that capital spending for the US chemical industry companies will remain mostly unchanged year over year in 2024 before ramping up to a growth rate of 3%–4% annually in 2025–2026.5 But, where chemical industry companies deploy this capital could be critical in determining their competitive position in the coming years.
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Our starting point is a strong one – the sector is the country’s largest manufacturing exporter; it has already reduced emissions by 80% over the past 30 years and thousands of highly skilled and well-rewarded jobs are located in parts of the country that really need them. To help inform and support the next government’s agenda for growth and prosperity, we are proposing a number of recommendations. 
The chemical and pharmaceutical industry is fundamental to modern society. With an immense variety of products, from vital medicines and foods, the construction of buildings, to transport and leisure, the industry truly does have an impact on virtually every aspect of our daily lives.