Last updateFri, 27 Mar 2015 9am

Back You are here: Home News Industry Headlines End-User News KPMG: Fiscal Cliff A Major Concern for Chemicals Executives

End-User News

KPMG: Fiscal Cliff A Major Concern for Chemicals Executives

Many chemical industry executives say that the U.S. fiscal cliff and general economic uncertainty are driving increased focus on operational excellence and a strong balance sheet. Despite economic challenges, executives say the chemicals industry will continue to see strong growth in the U.S. as a result of shale gas developments, according to the results of a poll conducted by KPMG LLP, the U.S. audit, tax and advisory services firm.

According to the KPMG poll, 41% of industry business leaders indicate that in the current macro-economic environment, their biggest concern is the U.S. fiscal cliff. An additional 20% point to a slowdown in emerging markets and 19% say Eurozone debt issues.

Nearly one-third of executives surveyed, shale gas developments in the U.S. will drive significant growth in petrochemical and downstream manufacturing. Additionally, 37% say U.S. shale exports will force increased competition leading to price and margin erosion in Asia.

Another 28% of chemical industry business leaders say their companies do not currently have an emerging markets growth strategy in place.

New Products


Valve Magazine Digital Edition

15 WNT CVR 160x214Inside the Winter 2015 issue…

• Your Control Systems Are at Risk!
• Building a Better Workforce
• Focus on the Offshore Market
• Forgings: Quality with a Cost


cheapest steroids steroids shop online buy sustanon 250 cycle injectable steroids arthritis top 5 injectable steroids