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According to a research report "Global Chemical Industry Outlook 2024- Navigating the sustainable and disruptive Horizon of Tomorrow", published by MarketsandMarkets, the Top 7 Chemical sub-industries will grow from USD 2265 billion in 2023 to USD 2411 billion by 2024 at a YoY increase of 8%. These segments will offer new opportunities worth USD 165 billion in 2024 in the form of new technologies, sustainable solutions, new materials, and energy transition. The global chemical industry is entering 2024 with a positive outlook. Despite the challenging years 2022 and 2023, the chemical industry is set to rebound with moderate growth in 2024. While challenges remain, the combined effect of rising demand, favorable regulations, and industry focus on sustainability & decarbonization, digitalization, and innovation is creating a strong foundation for growth and success in the years ahead. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=89294716 The chemical industry anticipates a transformative journey from 2023 to 2024, with a focus on sustainable practices, energy transition, the rise of digital initiatives, innovative technologies, changing geopolitical scenarios, customization, and deglobalization. To remain successful, companies will have to adopt dramatic step-changes that are likely to include deglobalization and supply chain localization. Increased health and geopolitical concerns will result in risk mitigation and business continuity, just-in-time delivery, and precise plant footprint and supply chain strategy. The chemical industry must confront diverging standards in supply chains and other economic activities or business lines. However, most chemicals are intrinsically multiregional rather than truly global products and intercontinental trade is still significant for many players.