Episode 1240: Think Tank: Demographics are economic destiny

New analysis suggests the chemical industry may face a more rapidly aging and shrinking population in key markets such as China, while the subsequent drag on demand means new business models will be required. -          China-driven petrochemicals Supercycle is over-          China’s population may be aging and shrinking more quickly than previously thought-          China may switch to become net exporter of many synthetic resins-          Demographic shifts will shrink demand for chemicals throughout developed world-          Developing world faces challenges which may slow growth-          New business models will be required to create opportunities from these trends