1、November 2022Industry Trends Chemicals Industry Focus on sector business performance and credit risk2DisclaimerThis report is provided for information purposes only and is not intended as investment advice,legal advice or as a recommendation as to particular transactions,investments or strategies to

2、 any reader.Readers must make their own independent decisions,commer-cial or otherwise,regarding the information provided.While we have made every attempt to ensure that the information contained in this report has been obtained from reliable sources,Atradius is not responsible for any errors or omi

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5、ght Atradius N.V.2022In this issue.Chemical industry performance per market .3Introduction Global chemicals performance at a glance .4China Lockdowns and lower economic growth weigh on the industry .5 France Most businesses are able to cope with the difficult market conditions .6 Germany Still resil

6、ient,but profitability is under threat .7 Italy More resilient to market shocks than other industries .8 Japan Pressure on profitability to remain limited .9 The Netherlands Increasing pressure from overseas competitors .10 Spain Concerns about liquidity strain have increased .11 United Kingdom Subd