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Demand conditions improve in chemicals sector in April 2026
Sector still hit hard by war-related spike in cost pressures
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Data from S&P Global Market Intelligence signaled a significant change in the near-term prospects for the chemicals sector in April, according to the latest Purchasing Manager’s Index™ (PMI®) data, as demand improved globally for manufacturers of chemicals and chemical products. That said, the outlook remains challenging as cost pressures soared following the outbreak of war in the Middle East, demand was buoyed by precautionary stock building, and key end-markets experienced uncertainty surge.
Looking further ahead, forecasts from the Comparative Industry Service (CIS) show a picture of conflicting fortunes by region. Although output growth is expected in Asia, Europe and the Middle East and North Africa (MENA), North America looks set to struggle with contracting production levels in the medium term.
Please fill in the form to access our latest PMI data and CIS forecasts and what it signals for global chemicals sector performance.
Key takeaways:
- PMI data signaled faster growth in global chemicals new orders in April.
- Input process up at sharpest pace since May 2022.
- Outlook at the global level converging with trend, but regional forecasts are showing contrasting expectations.
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